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re: Entergy seems perfectly fine with removing all ties with New Orleans

Posted on 9/21/21 at 1:29 pm to
Posted by LSUFanHouston
NOLA
Member since Jul 2009
40210 posts
Posted on 9/21/21 at 1:29 pm to
quote:

A merger between the two would require both Louisiana and New Orleans regulator approval, and it would only happen under the relinquishment of regulatory authority by New Orleans.


Reading the press release (and I understand a press release is not a legal document), it seems like this is the option Entergy is most interested in.

The press release read like this was a move they could make unilaterally.

I wonder why they did not state a merger (subject to regulatory approval) or something like that.

People are stupid... it needs to be spelled out... especially when you are dealing with a crisis of trust.
Posted by CE Tiger
Metairie
Member since Jan 2008
41880 posts
Posted on 9/21/21 at 1:30 pm to
quote:

if they are doing storm restoration correctl


Are you willing to wait for tens of thousands of steel poles to be produced to replace distribution or are you cool with a new wood pole and having your power back on in a few days?

This post was edited on 9/21/21 at 1:31 pm
Posted by ell_13
Member since Apr 2013
87186 posts
Posted on 9/21/21 at 1:30 pm to
quote:

See how is this even questionable if they are doing storm restoration correctly. I suspect it isn’t done correctly very often if ever.
Two things..

1) storms don't hit the same place every year

2) We went on a 12 year hiatus where no major storms even hit the US. From 2006 to 2017 we had very few hurricanes. There was nothing to fix.

Think of it like a forest fire. Without fires for years and years, a big one is coming because of the brush.
Posted by Sherman Klump
Wellman College
Member since Jul 2011
4566 posts
Posted on 9/21/21 at 1:30 pm to
quote:

PSC should be out of the process entirely the audit should be bid, completed, and reviewed by someone other than the PSC then the same document should be released publicly and to the PSC at the same time.


It essentially is. The audit is put out to bid. A firm does the audit. Lawyers for Entergy gather all the facts and include this in their testimony filed with the PSC - which is publicly available. You are describing what happens.
Posted by Louie T
Houston, TX
Member since Dec 2006
36591 posts
Posted on 9/21/21 at 1:31 pm to
All moves they make are subject to regulatory approval. They aren't just rolling New Orleans under Louisiana without 12+ months of due diligence and then figuring out the rest in a post merger world.
Posted by ell_13
Member since Apr 2013
87186 posts
Posted on 9/21/21 at 1:32 pm to
quote:

PSC should be out of the process entirely the audit should be bid, completed, and reviewed by someone other than the PSC then the same document should be released publicly and to the PSC at the same time.
The purpose of the PSC is to audit and regulate. It's their role. They use a third party to facilitate most of the work. But you are asking for redundant regulations that make no sense if the PSC is doing it's job... literally, it's main job. I believe the legislature audits them, too.
This post was edited on 9/21/21 at 1:34 pm
Posted by LSUFanHouston
NOLA
Member since Jul 2009
40210 posts
Posted on 9/21/21 at 1:34 pm to
quote:

They didn't lie about the power plant as it relates to being able to run. They maximized the resources that they had, and you're just not well versed in what actually transpired.


The newest version of the plant (the one actually built) was sold on the idea that the plant did not need outside generation fed to it, in order to start up.

Entergy themselves in the days after Ida said the plant indeed did need outside generation to feed it.

Either they lied before or they lied after. But the two statements do not line up.

If there was some other strategic reason to not run the plant... then don't tell people you are going to build a plant for a certain strategic reason and then abandon that reasoning.
Posted by LSUFanHouston
NOLA
Member since Jul 2009
40210 posts
Posted on 9/21/21 at 1:35 pm to
quote:

The city council seems to think so.


It's been well established the city council is a bunch of idiots. They aren't posting on this thread.
Posted by Brummy
Central, LA
Member since Oct 2009
4662 posts
Posted on 9/21/21 at 1:36 pm to
quote:

or a public utility run by the City of New Orleans

oh gawd
Posted by LSU316
Rice and Easy Baby!!!
Member since Nov 2007
30235 posts
Posted on 9/21/21 at 1:37 pm to
quote:

if the PSC is doing it's job


Are they?

They are certainly on the payroll of Cleco, Entergy, etc.
Posted by ell_13
Member since Apr 2013
87186 posts
Posted on 9/21/21 at 1:37 pm to
quote:

If there was some other strategic reason to not run the plant... then don't tell people you are going to build a plant for a certain strategic reason and then abandon that reasoning.
Disasters dictate decisions, not pre conceived notions of how things should work. Being flexible is a good thing. I don't know what Entergy said before Ida or right after about needing a feeder. It may have bee that the black start apparatus was damaged. Either way, having the plant there as a switchyard was extremely helpful in getting power back sooner.
Posted by Ed Osteen
Member since Oct 2007
58842 posts
Posted on 9/21/21 at 1:39 pm to
quote:

random power outages because of cats and balloons getting into substations


Is this like a trained suicidal cat that entergy releases?
Posted by ell_13
Member since Apr 2013
87186 posts
Posted on 9/21/21 at 1:40 pm to
quote:

They are certainly on the payroll of Cleco, Entergy, etc.
And these new regulators you are conjuring up will be completely void of corruption? Why wouldn't they have the same issues as the PSC? Do we keep regulating and auditing everyone until that's where all the overhead goes?

You have regulators for a million different reasons already. And you want to add more... idk why. You think that Entergy doesn't do a good job of restoring power? Because that's all they get reimbursed for on your bill. Money they already spent and they have receipts and WOs to prove it. If you want a new infrastructure, that's an entirely different animal that the PCS has rarely if at all approved when Cleco and Entergy (and at one point NRG) have requested it. People don't want to pay for metal poles.
Posted by LSUFanHouston
NOLA
Member since Jul 2009
40210 posts
Posted on 9/21/21 at 1:40 pm to
quote:

I don't know what Entergy said before Ida or right after about needing a feeder. It may have bee that the black start apparatus was damaged.


Sure, let me help you.

They said it was a black start facility and that status would be a huge benefit if the city were to become an island due to failure of transmission lines into the city.

They also after the storm said the NOPS had no storm damage.

I'm certainly happy that ENO was able to use the NOPS to achieve restoration... but when you come out in public and sell a benefit - in order to get your regulator to approve - and then later on say that benefit isn't possible with what was built - that's a huge f'n problem.
Posted by bulldog95
North Louisiana
Member since Jan 2011
21188 posts
Posted on 9/21/21 at 1:42 pm to
I’m sorry the city is in dire financial situation so until further notice there will be mandatory blackouts each and every night .

New Orleans can’t keep water out of the city, pick up trash, lower crime, but we expect them to keep the lights on if they run the electric and gas utilities.

What a shite show votes have consequences
Posted by ell_13
Member since Apr 2013
87186 posts
Posted on 9/21/21 at 1:43 pm to
quote:

They said it was a black start facility and that status would be a huge benefit if the city were to become an island due to failure of transmission lines into the city.
This can still be true.
quote:

They also after the storm said the NOPS had no storm damage
That's good and can still be true.
quote:

when you come out in public and sell a benefit - in order to get your regulator to approve - and then later on say that benefit isn't possible with what was built - that's a huge f'n problem.
So it's not possible? I think it's still possible but there were constraints that deemed it more beneficial to get the power from the outside. Maybe fuel issues?
Posted by Draconian Sanctions
Markey's bar
Member since Oct 2008
88015 posts
Posted on 9/21/21 at 1:43 pm to
quote:

A category 4 hit and the majority of customers in NOLA and Jefferson parish were back online in 7 days or less.

What the frick are we talking about here.


Yeah, I remember not having power for 2 weeks after Andrew and nearly that long after Gustav. Given the circumstances I didn’t think a week was too bad
Posted by TSmith
New Orleans, La.
Member since Jan 2004
2242 posts
Posted on 9/21/21 at 1:47 pm to
New Orleans has had several providers over the years. Who cares. Bring in someone else. Another utility will take it, with the guaranteed 4% profit, or whatever the arrangement is.

This is Entergy wanting the Entergy New Orleans operations to be controlled by the Public Service Commission, all of whose members are bought and paid for by Entergy. They do not want to answer to the city council. That's all this is.
Posted by GoIrish02
Member since Mar 2012
1491 posts
Posted on 9/21/21 at 1:47 pm to
quote:

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.


Does anyone think the City of New Orleans has the ability to raise 9 figures immediately to front costs of rebuilding damaged infrastructure, then bonding out those incurred costs at a competitive rate to be repaid over 30+ years? Someone else said the city would be out of power till Christmas after a hurricane, that's a generous estimate and the City has no credit to get anyone to help them restore like a private utility.

The SWB doesn't even collect it's delinquent accounts today, relies on 100+ year old equipment that is incompatible with modern electricity standards, the City is effectively bankrupt on a daily basis already, has no viable business credit rating and buys no insurance for its normal operations & assets. Yet somehow they'll be able to raise billions to buy the infrastructure (at junk bond rates), then provide electricity consistently and respond to storms in a reasonable time frame.

Based on their inability to provide water & sewerage (a relatively simple task versus generating and distribution of electricity), the city's body count of injured/killed city employees and burnt down homes would be pretty high.
This post was edited on 9/21/21 at 1:56 pm
Posted by LSU316
Rice and Easy Baby!!!
Member since Nov 2007
30235 posts
Posted on 9/21/21 at 1:48 pm to
quote:

People don't want to pay for metal poles.


I suspect they would rather do this than pay for the rate increases that Cleco and Entergy lines the pockets of the PSC to get approved.
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