La. Agency Seeks $545M In Entergy Katrina Suit

Law360, New York (June 25, 2010, 4:12 PM EDT) -- Louisiana's utilities regulator has intervened in a suit brought by Entergy Corp. and its insurer against the U.S. government, hoping to get its hands on as much as $545 million allegedly owed to consumers who footed the energy company's bill to cover damage from Hurricane Katrina.

Judge Joseph C. Wilkinson Jr. of the U.S. District Court for the Eastern District of Louisiana said Wednesday that the Louisiana Public Service Commission ÔÇťassert[ed] a substantial, regulatory, quasipublic interest on behalf of rate-payers relating to the transaction and alleged...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.