State Panel Grants $200M For Entergy New Orleans

Law360, New York (November 17, 2006, 12:00 AM EST) -- A key panel for the Louisiana legislature has signed off on a plan to infuse Entergy New Orleans Inc. with $200 million in federal hurricane recovery aid to help it move closer toward emerging from bankruptcy.

The panel approved the plan Friday, and the deal still needs the green light from the full legislature and federal officials before the unit of Entergy Corp. can receive the funds.

However, some lawmakers on the joint budget committee raised concerns that the state aid was too narrowly focused on...
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