Louisiana
Entergy Louisiana’s claim customers will save thanks to Meta deal greeted with some skepticism
NEW ORLEANS (WVUE) – Meta is building a multi-billion dollar data center in northeast Louisiana and Entergy Louisiana is a huge part of the project’s equation.
“We did reach agreement with Meta to expand or have a new agreement, actually, for the data center at their Richland Parish site,” Phillip May, CEO of Entergy Louisiana told Fox 8 on Monday (March 30).
“This new agreement will require us to build seven new generators. Each of those generators will be about 750 megawatts each. So, about 5,200 megawatts of new, efficient, modern gas-fired generation.”
May pointed to other benefits.
“That generation will come with hydrogen capability and carbon-capture availability as well, as well as additional 2,500 megawatts of solar, three separate battery projects, and up rates on our nuclear plant,” May said.
May said the agreement with Meta ultimately will benefit Entergy Louisiana customers by $2 billion.
“This thing is structured to save our customers over $2 billion, over the life of the 20-year contract,” he said. “And Meta is fully paying for the cost associated with these assets over that 20-year period.”
He was asked how what Entergy plans to generate for Meta, in terms of megawatts, compares to what it is generating now for other customers.
“This amount of generation is about 50% more than is currently deployed by Entergy Louisiana,” May said.
But the deal concerns the utility watchdog Alliance for Affordable Energy.
“We haven’t had nearly enough time to review this most recent application, which, by the way, has a lot of redactions. So there’s an awful lot of information that the public, and certainly we, have not seen yet to really be able to analyze and say, indeed, all of these savings are going to come to fruition,” said Logan Burke, executive director of the Alliance for Affordable Energy.
The group is concerned about what could happen in years to come.
“The way regulation works in the state of Louisiana is, once this infrastructure is approved to be built, is deemed prudent and in the public interest, it means that utilities will be able to recover those costs from whatever customers they have going forward. And if, in fact, Meta winds up no longer being a customer after 15 or 20 years, that’s billions of dollars in costs that ratepayers will be on the hook for,” Burke said.
Fox 8 asked May if Entergy Louisiana customers could end up paying more down the line as a result of the agreement.
“No. In fact, the opposite is true,” May said. “Our Entergy customers will see lower rates than what they otherwise would have been.”
The deal still needs approval from the Louisiana Public Service Commission.
“Well, the next thing that has to happen is a proper investigation,” Burke said. “The proceeding in which Entergy is filed for approval from the commission is underway now. It means that organizations like the Alliance and like the Public Service Commission have a responsibility to look at these books, to look at these agreements, and see if they are stable and what kinds of protections need to be put in place.”
May said he thinks approval could come before year’s end.
“The filing with the PSC has already occurred. I’m sure the LPSC will take it up, hire outside counsel in the things that they do, have a thorough investigation of this proposal,” May said. “We believe this could work through Louisiana Public Service Commission’s lightning initiative, that will allow it to be approved by the end of this year.”
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Louisiana ranks among the top 10 most affordable states to retire, according to a new study from Retirement Living, a national journal of retirement research.
Researchers analyzed each state’s housing costs, living expenses and tax friendliness to compile the ranking. Louisiana, they say, is the eighth most affordable state for retirees.
In Louisiana, the median monthly rent for a one-bedroom apartment is $932, the median home sale price is $255,000, monthly grocery spend per capita is $272, the average price per gallon of regular gas is $4, the average Medicare Advantage monthly premium is $13.35 and the average effective property tax rate is 0.55%.
West Virginia is the most affordable state to retire, followed by Mississippi, Alabama, Oklahoma, Arkansas, Kentucky, Missouri, Louisiana, Indiana and Kansas. Researchers describe the South as “the sweet spot for an affordable retirement.”
The most expensive state to retire, meanwhile, is California, followed by Hawaii, Washington, Oregon, Colorado, New Jersey, Massachusetts, Utah, New York and Minnesota.
Read Retirement Living’s full report here.
BATON ROUGE, La. (WAFB) – With hurricane season approaching, the Louisiana Coastal Protection and Restoration Authority is bringing the community together to prepare before a storm forms.
“We can’t stop disasters from happening. We can’t stop hurricanes from happening. But what we can do is equip our communities with the resources that they need to prepare for these storms ahead of time,” said Jayda Morris, CPRA outreach manager.
The agency hosted an event featuring interactive storm simulations and a full model of the Mississippi River.
“If you do it now, like on a sunny day like today, you’re ready to go for the rest of the season,” Jay Grymes said.
El Niño may reduce storms, but Louisiana still at risk
State Climatologist Jay Grymes said an El Niño pattern may reduce the number of storms in the Atlantic but warned against a false sense of security.
“In those 25 years, Louisiana, some part of the state has been impacted by 29 storms. That’s one a year, regardless of El Niño. So that should tell you something,” Grymes said.
He said the bigger concern is storms that can form in the Gulf with little warning.
“If we’re going to get a storm, it very possibly could be one that bubbles up in the Gulf and doesn’t give us five or seven days to track it coming our way. It gives us 40 hours to get ready for a landfall. So it’s imperative that you go ahead and do it now,” Grymes said.
Preparation goes beyond stocking water
Preparing now includes walking through yards, checking trees, and knowing whether everyone in the family can survive two weeks without power.
PhD students with the LSU College of the Coast and Environment gave the community a virtual reality experience that puts users inside a storm.
“If they wear the goggles or play with the Apple Vision Pro, they can understand how high will the flood be, and they can know how dangerous is the hurricane scenario,” said Yixuan Wang.
The VR simulation uses real historical data to show users what compound flooding looks like in New Orleans and surrounding areas. The goal is to make the science real for people who can’t picture what a flood map means.
“It’s just to let you understand the environment. We will add the audios, the different sound of the wind and the storm. And you can see how tense of the rainfall around you,” Wang said.
Organizers said the event is about making sure that when a storm threatens the area, families already know their plan.
Information from the event is available on CPRA’s website. Hurricane season runs through Nov. 30.
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BATON ROUGE, La. (WAFB) – Louisiana homeowners can get financial help to upgrade their roofs and ensure they can better stand up to strong storms.
According to the Louisiana Department of Insurance, registration for next Louisiana Fortify Homes Program lottery opens at 8 a.m. on Monday, June 1. The registration period will stay open through 5 p.m. on Friday, June 19.
Under the latest round of the program, 3,000 grants of up to $10,000 will go out. After applying, homeowners will get placed into a lottery and will be randomly selected.
There are many specific benefits of having a roof upgraded through the Louisiana Fortify Homes Program. Officials said the roofs have stronger shingles that can protect against hail up to two inches wide, sealed roof decks to help prevent water damage, and stronger edges to keep wind from getting underneath.
Homeowners with a fortified roof can also get a certificate to receive a discount on insurance premiums.
“At the end of the day, this program is about more than just roofs,” said Louisiana Insurance Commissioner Tim Temple. “It is about protecting families, it is about strengthening communities, and it is about putting Louisiana in a stronger position—both physically and economically—to face the challenges ahead.”
Only people living in Ascension Parish, Livingston Parish, Assumption Parish, Tangipahoa Parish, Acadia Parish, Calcasieu Parish, Cameron Parish, Iberia Parish, Jefferson Parish, Jefferson Davis Parish, Lafayette Parish, Lafourche Parish, Orleans Parish, Plaquemines Parish, St. Bernard Parish, St. Charles Parish, St. James Parish, St. John the Baptist Parish, St. Martin Parish, St. Mary Parish, St. Tammany Parish, Terrebonne Parish, and Vermilion Parish are eligible to apply for the latest round of the program.
People living in a newly built home, mobile home, or condominium are not qualified.
For a detailed list of eligibility requirements, click here.
If a person registered for the program previously, he or she must do so again. The person will also need to provide the following information:
- A homestead exemption on the primary residence.
- A policy of insurance that provides wind coverage for the primary residence.
- A flood insurance policy on the primary residence if it is in a special flood hazard area.
For more information about applying, click here.
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Click here to subscribe to our WAFB 9 News daily digest and breaking news alerts delivered straight to your email inbox.
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