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Entergy: Justice Dept. opens civil investigation

4 years ago October 12, 2010 Oct 12, 2010 Tuesday, October 12 2010 Tuesday, October 12, 2010 8:34:24 AM CDT in News
Source: Associated Press
By: Andrea Fontenot

The Justice Department is conducting a civil investigation of competitive practices of Entergy's regulated power units.

The New Orleans-based company disclosed the investigation prior to the opening of financial markets Tuesday.

Entergy says the investigation involves Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy Texas and Entergy New Orleans.

The investigation also covers Entergy Services Inc.

According to Entergy, the Justice Department investigation involves power procurement, dispatch and transmission system practices, along with utility policies.

Entergy says it believes its operations "have satisfied all applicable laws and regulation" - and the company is cooperating with the probe.    

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