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Started By
Message
2
Posted on 9/21/21 at 1:11 pm to ell_13
quote:
or a public utility run by the City of New Orleans.
The only option I want to see.
Posted on 9/21/21 at 1:12 pm to Louie T
quote:
If it's the only suitor... is it still a better fit than Entergy?
Maybe you should syndicate a deal and run ENO
You didn't answer my question, Mr. M&A expert.
Would a Berkshire subsidiary be a better fit? Yes or no.
You are acting like you know all the facts in this situation, so let's hear it.
Posted on 9/21/21 at 1:13 pm to LSUFanHouston
quote:
but I'm tired of this city settling for crap that would not be tolerated in the rest of the country.
How did Houston fare during those ice storms, again??
Posted on 9/21/21 at 1:13 pm to LSUFanHouston
quote:
I may be an idiot... but I'm tired of this city settling for crap that would not be tolerated in the rest of the country.
I fully understand that our government might be even crappier. But... the people of the city deserve a functional private utility. Not one that has the issues Entergy has.
Just let Entergy New Orleans merge with Entergy Louisiana. The City Council will have to swallow their pride and realize they no longer regulate the utility in NOLA. Can they handle that?
Posted on 9/21/21 at 1:14 pm to LSUFanHouston
You don't seem to have the slightest fricking clue about the issues other national utilities encounter. This isn't an Entergy specific problem, and it's only exacerbated by the fact that you live in incredibly poor geographic footprint relative to the rest of the country. You could have a much more hardened grid if your customers were willing & able to pay commensurate rates.
Posted on 9/21/21 at 1:14 pm to LSU316
I just said that Entergy has to provide details of all the purchases associated with the storm. Materials and labor. And there’s a separate system to record issues that could extend the need for contractors or increase the amount necessary to pay for the restoration. All of it is very meticulous and reviewed by internal lawyers knowing it’s going to be audited before approval. Again, you have your audit already.
Posted on 9/21/21 at 1:15 pm to LSUFanHouston
quote:No. Your best option is in all likelihood being moved under the Entergy Louisiana umbrella.
Would a Berkshire subsidiary be a better fit? Yes or no.
Posted on 9/21/21 at 1:15 pm to CE Tiger
quote:
How did Houston fare during those ice storms, again??
Terrible.
And heads rolled at the state regulator, and there are all sorts of investigations into what happened. And PLENTY of calls for changes.
Also... it was record cold for Houston.
If Entergy was to be measured simply on storm performance... I'd give them a decent grade.
This is about years and years and years of incompetence.
Posted on 9/21/21 at 1:16 pm to LSUFanHouston
quote:Ida was a record wind event for an LA landfall.
Also... it was record cold for Houston.
Posted on 9/21/21 at 1:17 pm to Sherman Klump
quote:
Just let Entergy New Orleans merge with Entergy Louisiana. The City Council will have to swallow their pride and realize they no longer regulate the utility in NOLA. Can they handle that?
I don't know. Entergy LA is not much better than ENO and the PSC isn't much better than the City Council.
But if all parties are willing to go down that path, and can get the governments / voters to sign off on it (it would require amending the city charter), then let's give it a go.
Posted on 9/21/21 at 1:17 pm to Sherman Klump
quote:
Just let Entergy New Orleans merge with Entergy Louisiana. The City Council will have to swallow their pride and realize they no longer regulate the utility in NOLA. Can they handle that?
No chance. Although, this is assuredly what SHOULD happen.
Posted on 9/21/21 at 1:18 pm to LSU316
quote:
How was the money already spent actually spent? That’s the audit I want.
Here's the way this works.
A storm destroys the infrastructure.
Entergy foots the bill to replace it.
Entergy reports all charges to the PSC.
The PSC audits the charges to determine how much of it is prudent.
Entergy is allowed to recoup their prudent expenses.
Happens on every major storm. Every single one.
Posted on 9/21/21 at 1:18 pm to LSUFanHouston
You do realize that whatever route the city takes, they'll still be the regulators and the company will still only be as good as the current infrastructure allows. Because that city isn't paying for upgrades.
Posted on 9/21/21 at 1:19 pm to ell_13
quote:
Ida was a record wind event for an LA landfall.
In a part of the state that is used to having hurricanes.
Houston is not used to multiple consecutive days below freezing.
Posted on 9/21/21 at 1:19 pm to LSUFanHouston
quote:
I may be an idiot... but I'm tired of this city settling for crap that would not be tolerated in the rest of the country.
I fully understand that our government might be even crappier. But... the people of the city deserve a functional private utility. Not one that has the issues Entergy has.
I agree Entergy has it's issues. A LOT, actually. But look at Florida after Michael. It took them 13 days to get power back to 95% and over a month for others. Ida obliterated a lot of the electrical infrastructure. The fact that MOST had power back in a week is pretty freaking impressive.
Posted on 9/21/21 at 1:20 pm to LSUFanHouston
quote:
I don't know. Entergy LA is not much better than ENO and the PSC isn't much better than the City Council.
But if all parties are willing to go down that path, and can get the governments / voters to sign off on it (it would require amending the city charter), then let's give it a go.
I don't think I got my point across very well. While they may not be better, they significantly larger which could allow them to do some work in the greater NOLA area with costs being absorbed by more customers, better financing, etc. But then you fricking morons would complain about Hurricane Laura costs being on your bills.
Also, there isn't one utility that would touch New Orleans if I had to guess. And a municipality utility would be hilarious to watch. I'm in Jefferson - so the municipal utility would keep me entertained across parish lines.
Posted on 9/21/21 at 1:20 pm to ell_13
quote:
You do realize that whatever route the city takes, they'll still be the regulators and the company will still only be as good as the current infrastructure allows. Because that city isn't paying for upgrades.
Entergy's press release says if they merge ENO and EL, then the city will no longer be regulators.
I think this is incorrect, and it seems like you think this is incorrect as well.
Posted on 9/21/21 at 1:22 pm to LSUFanHouston
quote:
a part of the state that is used to having hurricanes.
Which is why the hardened new builds held up to some of the strongest winds ever seen . It’s impossible to replace every existing pole while also making necessary MISO driven upgrades and new builds.
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