Entergy New Orleans customers have saved approximately $118 million in the five years since the company joined MISO, a regional transmission organization. MISO – formally known as the Midcontinent Independent System Operator, Inc. – manages the flow of power on the transmission grid, facilitates the planning of new transmission facilities, and operates markets for the purchase and sale of wholesale energy and other products. Its market footprint stretches from Canada to the Gulf of Mexico.
The estimated $118 million in savings realized between 2014 and 2018 is largely because power plants are dispatched more efficiently on the transmission grid, resulting in a lower delivered cost of energy. Significant savings also arise from MISO members sharing generation reserves across the organization’s footprint, producing long-term benefits for customers. “Our first priority is to provide safe, reliable electric service to our customers at a reasonable rate,” said Seth Cureington, director of resource planning and market operations for Entergy New Orleans. “When we proposed joining MISO, we told our customers that this would be a good business decision that would benefit their bills each month and we believe we have made good on that promise.”
Entergy New Orleans’ residential rates are 4.8 percent below the regional and 18.7 percent below the national average, according to data compiled by the U.S. Energy Information Administration for the 12-month rolling average of February 2018-January 2019. “Our membership in MISO has been a highly effective tool in helping us control costs and keep our rates among the lowest in the nation,” said Cureington. “Our customers have saved on average about $24 million per year since we joined.” Entergy New Orleans, LLC is an electric and gas utility that serves Louisiana’s Orleans Parish. The company provides electricity to more than 200,000 customers and natural gas to more than 106,000 customers. The company is a subsidiary of Entergy Corporation.
Entergy Corporation is an integrated energy company engaged primarily in electric power production and retail distribution operations. Entergy owns and operates power plants with approximately 30,000 megawatts of electric generating capacity, including nearly 9,000 megawatts of nuclear power. Entergy delivers electricity to 2.9 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of approximately $11 billion and more than 13,000 employees.