Less money for power: Entergy Corp. customers across Louisiana, Mississippi and Texas are in for something of a double hit this summer and fall—in their favor. Entergy Louisiana, Entergy Gulf States Louisiana, Entergy Mississippi and Entergy Texas will be cutting rates for the third straight year, likely between June and December—at the expense of Entergy Arkansas.
That’s the result of a decision by the Federal Energy Regulatory Commission in 2005 dealing with New Orleans-based Entergy’s system agreement between its regulated power units in the four states. FERC ruled that Entergy Arkansas customers did not pay a fair share of the cost of generating power.
According to preliminary estimates, Entergy Louisiana’s 658,000 customers will see rate cuts totaling $156 million, while Entergy Gulf States Louisiana’s 374,000 customers will get $67 million in reductions. Entergy spokesman Philip Allison said a translation into how much that will affect individual bills will not be known until May when regulators approve the estimates and divide the money between residential, commercial and industrial customers.
What housing downturn? The 100-plus-room Los Angeles mansion that belonged to late TV producer Aaron Spelling is on the market for $150 million. The French chateau-style mansion has 56,500 square feet of space on more than 4.6 acres and is the largest home in Los Angeles County. “Everything there is glamorous, and is luxurious and it’s really great scale,” says Sally Forster Jones, an agent with Coldwell Banker Previews International in Los Angeles, which is co-listing the property. Spelling, who produced such hit shows as Charlie’s Angels and Beverly Hills 90210 died in 2006.
