(WWL-TV)- Entergy Louisiana customers may see their next few bills about $4.20 lower than they would be due to a savings of $210 million the company says it will realize as a result of federal tax reform.
The refund was approved Wednesday by the Louisiana Public Service Commission.
The company says $105 million of that would be refunded over eight months, starting in May. The other half of the money will be refunded over a four-year period, according to the company.
“We worked closely with the Louisiana Public Service Commission to ensure our customers realize the initial tax reform benefits in time to reduce rates and lower customers’ bills during high-usage summer months. As it stands now, Entergy Louisiana customers already enjoy some of the lowest rates in both the state and the country, and that’s before our customers benefit from the federal tax savings,” said Phillip May, CEO and President of Entergy Louisiana.