Entergy To Seek Redo In Texas Over Planned ITC Grid Sale

Law360, Dallas (September 16, 2013, 5:02 PM EDT) -- Entergy Corp. on Friday told investors it plans to refile an application with Texas’s utility regulator for approval of its plan to transfer transmission lines to ITC Corp. as part of a proposed $1.78 billion merger, hoping a rate adjustment plan will appease earlier opposition to its application.

Entergy CEO Leo Denault said the company hasn’t yet determined when it will file a new application with the Public Utility Commission of Texas, but that it would be “relatively soon” and the company will seek an expedited...
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