Turning On the Juice in the Big Easy
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
State-sponsored actors 'very likely' looking to attack electricity supply, says intelligence agency
OTTAWA - State-sponsored actors are "very likely" trying to shore up their cyber capabilities to attack Canada's critical infrastructure — such as the electricity supply — to intimidate or to prepare for future online assaults, a new intelligence assessment warns.
"As physical infrastructure and processes continue to be connected to the internet, cyber threat activity has followed, leading to increasing risk to the functioning of machinery and the safety of Canadians," says a new national cyber threat assessment drafted by the Communications Security Establishment.
"We judge that state-sponsored actors are very likely attempting to develop the additional cyber capabilities required to disrupt…
