Entergy says its Isaac costs range from $400M to $500M

Entergy released its estimated tally on its total cost of damages caused by Hurricane Isaac this morning, saying it’s somewhere between $400 million and $500 million. Those damages are expected to reduce Entergy’s third-quarter revenue, the company says in a news release. Entergy says it will try to recoup the costs by all means available, including using reserves built up for just such events, as well as borrowing, insurance and—perhaps most important to Entergy’s customers—additional user charges. No further details on how much customers may see bills increase as a result of the storm’s cost were available as of this morning. Entergy notes that it’s hard to predict how much of its restoration costs it may recoup through all of its efforts or when it may recover them. Entergy Gulf States Louisiana estimates costs in the Baton Rouge area were $70 million to $90 million, while costs across Louisiana totaled $240 million to $300 million. Meanwhile, Entergy Mississippi estimates costs at $30 million to $40 million; and Entergy Arkansas, $10 million.