Entergy Loses Bid For $2.7M Under Texas Efficiency Rule

Law360, New York (August 8, 2012, 5:52 PM EDT) -- A Texas appellate court on Wednesday blocked Entergy Texas Inc. from recovering $2.7 million it spent on energy efficiency over three years, affirming the state Public Utility Commission’s decision that a rule change affecting efficiency cost recovery didn’t apply retroactively.

The PUC denied a 2009 request from Entergy to add efficiency costs it incurred between 2005 and 2008 to an upcoming rate schedule with an “energy efficiency cost recovery factor,” or EECRF, added by the legislature the year before. The PUC said Entergy couldn’t use the...
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.