Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Entergy Corporation    ETR

Delayed Quote. Delayed  - 07/26 10:02:03 pm
80.88 USD   -0.71%
01:12a ENTERGY : Announces Second Quarter Earnings Conference Call
07/23 ENTERGY : EPA's oversight of Pilgrim questioned
07/20 ENTERGY : Potential deal with Exelon could save FitzPatrick nuclear ..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Entergy Corporation : Regulators In Two U.S. States Reject Lower Payments To Solar Homes

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/08/2013 | 09:52pm CEST

--Changes to 'net metering' policies rejected in Louisiana and Idaho

--Decisions suggest uphill battle for utilities looking to alter policies

--Idaho regulators said the changes could 'discourage investment'

By Ryan Tracy

Regulators in two states recently decided against lowering compensation for solar-system owners, results that suggest electric utilities may have difficulty reducing payments to a fast-growing sector that is cutting into their revenue.

The Idaho Public Utilities Commission last week rejected a proposal to raise monthly fees paid by homeowners and small businesses that install solar panels, denying a petition from Idaho Power Co., which serves Boise and other parts of southern Idaho.

That followed a June 26 decision by the Louisiana Public Service Commission to maintain payments that utilities must make to solar system owners. The commission voted 3-2 against a proposal to lower the payments that had been supported by Entergy Corp.

The two cases were part of a broader debate that has arisen with the growth of rooftop solar power and other "distributed" sources of electricity that aren't part of the traditional power grid. Utilities in Arizona and California -- two of the largest U.S. solar markets -- are also mulling proposals to alter payments to solar-system owners.

In Louisiana and Idaho, utilities purchase power from customers who install renewable-energy systems, such as rooftop solar arrays, and connect to the local electric grid. Under a typical payment arrangement, called "net metering," solar-equipped homeowners often have cheaper monthly electric bills than their neighbors because the solar homes offset their utility charges with energy produced from the sun.

When solar-system owners buy less electricity from the utility, the lost sales can cut into utility profits. A recent report distributed by the Edison Electric Institute, the main Washington, D.C., trade group for large utilities, said the growth of small-scale solar systems represents the "largest near-term threat" to the industry and recommended that utilities work to change net-metering policies like the ones under debate in Idaho and Louisiana.

Entergy and Idaho Power Co. told regulators that under current state rules, solar-powered homes aren't paying their fair share of costs like maintaining power lines and responding to outages. Solar advocates disagree, saying that solar rooftops provide benefits like reducing the need to build new power plants.

In an order issued July 3, the Idaho Public Utilities Commission said it was concerned that Idaho Power's proposal "will discourage investment in distributed generation," a category that includes rooftop solar. The regulators said solar customers may not be paying their fair share, but "more work needs to be done to establish the correct customer charge."

An Idaho Power spokeswoman said in a statement, "we appreciate that the commission acknowledged this is a valid issue" and "we will move forward to work further with our customers and other stakeholders on this matter."

Representatives of the Entergy unit involved in the Louisiana case didn't immediately respond to requests for comment Monday.

   Write to Ryan Tracy at ryan.tracy@dowjones.com 
 

Corrections & Amplifications

This item was corrected at 18:57 ET (22:57 GMT) to reflect that Idaho, not Iowa, is one of the states under which solar payment policies are under debate. This was misidentified in the original story.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ENTERGY CORPORATION
01:12a ENTERGY : Announces Second Quarter Earnings Conference Call
07/23 ENTERGY : EPA's oversight of Pilgrim questioned
07/20 ENTERGY : Potential deal with Exelon could save FitzPatrick nuclear facility
07/20 ENTERGY : Pilgrim's water discharge permit gets long-delayed review
07/15 ENTERGY : Indian Point owner eyes sale of another upstate plant
07/15 ENTERGY : in talks to sell 838MW FitzPatrick nuclear power plant in US
07/15 ENTERGY : Pilgrim Requests Extension from NRC for Post Fukushima Order
07/15 ENTERGY : Negotiators aim for sale to keep FitzPatrick nuke plant open
07/15 ENTERGY : in talks with Exelon on potential sale of FitzPatrick nuclear-power pl..
07/15 ENTERGY : Owner seeks more time for safety upgrade
More news
Sector news : Electric Utilities - NEC
07:48aDJAGL ENERGY : QIC, Future Fund Join AGL Energy in Renewable Energy Fund -- Update
07/26DJAGL ENERGY : Australia's QIC, Future Fund Join AGL in Renewable Energy Fund
07/25DJMANILA ELECTRIC : 1st Half Net Profit PHP10.77 Billion, Down 8% On Year
07/22DJPacific Asset Management Hires Former GLG Partners Manager
07/21 CENTRICA : SSE loses more customers in cut-throat UK energy market
More sector news : Electric Utilities - NEC
News from SeekingAlpha
07/25 HIGH CONSOLIDATION IN AGRICULTURAL I : Creating Value For Investors
07/24 Pattern Energy Is Top Utility Dog For July By Yield, Upside And Net Gains
07/15 Generating 6% Yield In A 0% World - Building Exchange Traded Debt Ladders
07/13 Entergy in talks to sell FitzPatrick nuclear plant to Exelon
07/06 Indian Point reactor shuts down unexpectedly
Advertisement
Financials ($)
Sales 2016 11 976 M
EBIT 2016 2 072 M
Net income 2016 931 M
Debt 2016 15 404 M
Yield 2016 4,24%
P/E ratio 2016 15,40
P/E ratio 2017 15,44
EV / Sales 2016 2,49x
EV / Sales 2017 2,59x
Capitalization 14 457 M
More Financials
Chart ENTERGY CORPORATION
Duration : Period :
Entergy Corporation Technical Analysis Chart | ETR | US29364G1031 | 4-Traders
Full-screen chart
Technical analysis trends ENTERGY CORPORATION
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 21
Average target price 81,6 $
Spread / Average Target 0,88%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Leo P. Denault Chairman, President & Chief Executive Officer
Paul D. Hinnenkamp Chief Operating Officer & Senior Vice President
Andrew S. Marsh Chief Financial Officer & Executive Vice President
Maureen Scannell Bateman Independent Director
Donald C. Hintz Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
ENTERGY CORPORATION18.31%14 457
DUKE ENERGY CORP20.11%59 073
SOUTHERN CO16.37%51 104
DOMINION RESOURCES, IN..14.62%47 775
IBERDROLA SA-5.73%43 196
KOREA ELECTRIC POWER C..--.--%35 315
More Results