Entergy customers may start seeing a lower bills in the near future.
A judge is allowing new prices to take effect.
According to the Times-Picayune/New Orleans Advocate, New Orleans residents will get the benefit of lower energy rates mandated by the New Orleans City Council in November.
Entergy is lowering the rates while it continues to fight the city over the rate in court.
Those lower rates will amount to a savings of about $3-a-month, however Algiers resident will continue to pay the same rates as before.
The mandate from the council holds the utility to a 9.35% return on equity.
Entergy has gone to court to fight for a 10% profit margin out of New Orleans, it had been making 11.1% profit before the Council mandated the cut.
Entergy is allowed to pass on federal taxes.
Entergy will realize $850,000 profit on natural gas and a $240,000 profit on electricity.
But, most customers won't see that biting into the new lower rates when they take effect in April.
Entergy says the decreases are temporary.
The utility will tack on new rates as it passes along costs of building two new power plants in New Orleans East scheduled to come on line later in the year.
Entergy's parent company this week posted a profit of $1-billion. That's the highest return on equity since 2011.