Thirteen years after hurricanes Katrina and Rita devastated much of Louisiana, the low-cost bonds used to save customers hundreds of millions of dollars in storm restoration costs are now paid off.
In the aftermath of Hurricane Katrina, more than 300,000 Entergy Mississippi customers were in the dark. Power restoration took 11 days, engaged more than 4,200 linemen and support personnel and cost more than $89 million. That bill is now paid in full, and because of that, the $.74 charge will be removed from customer’s bills beginning today.
Entergy Corporation and its charitable foundation have donated approximately $19.5 million to nonprofit groups helping rebuild the physical, intellectual and cultural assets of post-Katrina New Orleans and the surrounding region.
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