NOTICE NOTICE is hereby given, pursuant to Article IV,
NOTICE is hereby given, pursuant to Article IV, Section 21(D)(1) of the Louisiana Constitution, that on July 21, 2011, Entergy Louisiana, LLC (“ELL” or the “Company”) an electric public utility providing retail electric service to customers in forty-six (46) Parishes of the State of Louisiana, filed with the Louisiana Public Service Commission (“LPSC”), pursuant to Article IV, Section 21(D)(3) of the Louisiana Constitution and Title 45, Section 1163.1 of the Louisiana Revised Statutes, a supplemental Application (“Application”) for Re-Approval and Re-Issuance of a Financing Order to Securitize Investment Recovery Costs Related to the Little Gypsy Unit 3 Repower Project authorizing the Company to finance its investment recovery costs pursuant to Act 988. This filing relates to LPSC Docket No. U-30192 and is being filed in LPSC Docket No. U-31894. On April 13, 2011, ELL filed with the LPSC a document styled “Supplemental and Amending Application for Approval to Securitize Investment Recovery Costs Related to the Little Gypsy Unit 3 Repower Project” (April Application”) and a proposed Financing Order. The parties to that proceeding entered into a Stipulated Settlement with regard to the Company's April Application and Financing Order and the LPSC approved the April Application and Financing Order at its June 22, 2011 meeting and that approval was memorialized in LPSC Order Nos. U-31894 and U-31894-A issued on June 24, 2011. ELL's current Application effectively seeks re-approval and re-issuance of the Financing Order solely to cure a publication of legal notice error that occurred in five parishes in which ELL operates. There are no material changes between the Financing Order for which ELL is now seeking approval and the Financing Order previously approved by the LPSC. In conjunction with Act 988 of the Louisiana Legislature's Regular Session of 2010, the parties reached agreement on a Proposed Uncontested Stipulated Settlement (“Stipulated Settlement”) in LPSC Docket No. U-30192 (Phase III) and the Commission approved that Stipulated Settlement at its May 2011 meeting, thereby resolving all issues among the parties in Phase III, including: (1) the cancellation of the Little Gypsy 3 repowering project; (2) the establishment of a quantification of the prudently incurred and recoverable cancellation costs; (3) the level(s) at which carrying costs may be accrued on a going forward basis; (4) the appropriate allocation of the recoverable cancellation costs among the Companies' customer classes and customers; and (5) subject to the issuance of an appropriate financing order, the framework for the securitization of the recovery costs. The Financing Order submitted with this July 21, 2011 filing in LPSC Docket No. U-31984 addresses the request of ELL, under Act No. 988 to: (1) finance, through the issuance of investment recovery bonds, ELL's investment recovery costs in the amount of $200,000,000.00, as determined in LPSC Docket No. U-30192 (Phase III), plus carrying costs on such investment recovery costs and up-front financing costs associated with the issuance of investment recovery bonds; (2) approve the proposed financing structure and issuance of investment recovery bonds; (3) approve the creation of investment recovery property, including the right to impose and collect investment recovery charges sufficient to pay the investment recovery bonds and associated financing costs; (4) approve a tariff to implement the investment recovery charges; and (5) approve another tariff to implement ancillary cost offsets and cost recovery relating to the investment recovery costs process. Because the actual revenue requirement will not be known until after the pricing of the investment recovery bonds, it is only possible to estimate typical bills at this time. The estimated monthly bill of a typical residential customer using 1,000 kWh will increase by $0.45 per month, representing a 0.48% increase. A copy of the filing in the above-mentioned dockets may be viewed in the Office of the Louisiana Public Service Commission in Baton Rouge, Louisiana.
ENTERGY LOUISIANA, LLC.
1td: July 25, 2011