Federal Energy Regulatory Commission Ruling Resolves System Energy Resources Inc. Refund Dispute
Retrieved on:
Tuesday, August 29, 2023
NEW ORLEANS, Aug. 29, 2023 /PRNewswire/ -- The Federal Energy Regulatory Commission resolved a long-standing litigation matter related to uncertain tax positions taken by System Energy Resources, Inc., or SERI, by denying a request for SERI to pay additional refunds to customers. The FERC ruling also ordered SERI to recalculate the value of overpayments on sale-leaseback refunds previously made to customers. SERI is an Entergy subsidiary that is the majority owner of the Grand Gulf Nuclear Station in Port Gibson, Miss.
Key Points:
- NEW ORLEANS, Aug. 29, 2023 /PRNewswire/ -- The Federal Energy Regulatory Commission resolved a long-standing litigation matter related to uncertain tax positions taken by System Energy Resources, Inc., or SERI, by denying a request for SERI to pay additional refunds to customers.
- The FERC ruling also ordered SERI to recalculate the value of overpayments on sale-leaseback refunds previously made to customers.
- SERI is an Entergy subsidiary that is the majority owner of the Grand Gulf Nuclear Station in Port Gibson, Miss.
- "We are pleased today's order resolves a major source of litigation between our regulators and SERI," said Rod West, Entergy Group President, Utility Operations.