The Entergy situation is particularly onerous because we all know that Entergy New Orleans is a subsidiary of the Entergy Corporation, a Fortune 500 company that carved up its assets into small energy providers to insulate itself from any financial stresses and to maximize profits and here is our power company pleading empty pockets and making a play for hundreds of millions of dollars of Community Block Development Grants -- the kind of easy money once set aside for small business loans and neighborhood redevelopment, but which energy companies are now grabbing at as a way to cut their losses.
This morning on WWL Bob and Monica were kissing the ass of Dan Packer who estimated that the typical New Orleans ratepayer's bill comes to about 70 bucks.
Who is paying 70 dollars a month for electricity right now?
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