Entergy Inches Towards June Exit

Law360, New York (March 14, 2007, 12:00 AM EDT) -- Entergy New Orleans has its eye on a June exit from bankruptcy after securing approval from a crucial committee regarding its hurricane-related costs, according to one of the energy giant’s top officials.

On Tuesday, Tracie Boutte, the unit’s vice president for regulatory affairs, revealed that Entergy New Orleans had received the green light from the New Orleans City Council Utility Committee in relation to its Hurricane Katrina expenses.

The council approval marked one of the last endorsements Entergy New Orleans needed to receive $200 million in...
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