Turning On the Juice in the Big Easy

NEW ORLEANS, LOUISIANA - Creditors of Entergy New Orleans approved a bankruptcy reorganization plan, according to the Associated Press, which cited an attorney for the electricity and natural gas utility.

Parent company Entergy is not covered by the bankruptcy filing.

Entergy New Orleans filed for bankruptcy protection in October 2005, after its grid was destroyed by Hurricane Katrina and it was left with few paying customers for months, the wire service noted.

The AP also reported that U.S. Bankruptcy Judge Jerry Brown approved payments of up to $200 million in federal storm recovery funds and at least $50 million in insurance payments from AIG. The wire service added that immediate storm-relief payments will total some $171 million.

According to the report, Entergy New Orleans expects to spend $465 million to rebuild its natural gas system to pre-Katrina standards.

Related News

hydro dam

Hydropower Plants to Support Solar and Wind Energy

LONDON - Hydropower plants can support solar and wind power, rather unpredictable by nature, in a climate-friendly manner. A new study in the scientific journal Nature Sustainability has now mapped the potential for such "solar-wind-water" strategies for West Africa: an important region where the power sector is still under development, and where generation capacity and power grids will be greatly expanded in the coming years. "Countries in West Africa therefore now have the opportunity to plan this expansion according to strategies that rely on modern, climate-friendly energy generation," says Sebastian Sterl, energy and climate scientist at Vrije Universiteit Brussel and…

READ MORE
abu dhabi nuclear plant

Crucial step towards completing nuclear plant achieved in Abu Dhabi

READ MORE

russia-ukraine-agreement-on-power-plant-attacks-possible

Russia-Ukraine Agreement on Power Plant Attacks Possible

READ MORE

Sen. Cortez Masto Leads Colleagues in Urging Congress to Support Clean Energy Industry in Economic Relief Packages

READ MORE

Aerial 3D Survey Image

New Photogrammetry Software Optimized for Aerial Drone Photography

READ MORE