Posted: Dec 13, 2010 10:49 AM
Updated: Dec 13, 2010 10:49 AM
Source: Associated Press
BATON ROUGE - A federal regulatory judge has found Entergy Corp. overcharged customers in four states by the way it sold electricity.
Mississippi Attorney General Jim Hood on Monday announced last week's ruling by an administrative law judge for the Federal Energy Regulatory Commission.
The investigation covered subsidiaries with about 2.7 million customers: Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans and Entergy Texas.
Hood says the judge's order requires Entergy's shareholders to repay the overcharges to the subsidiary companies. Hood says the money should be refunded to ratepayers.
Entergy Mississippi spokeswoman Mara Hartmann says Entergy believes its actions were "appropriate and consistent with the system agreement." A spokesman for parent company Entergy Corp., Mike Burns, says the company will challenge the ruling.