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.
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Iran Says Deals to Rehabilitate, Develop Iraq Power Grid Finalized
TEHRAN - Iran and Iraq have finalized two deals to rehabilitate and develop the power grid of Iraq, IRNA cited the Iranian Energy Minister Reza Ardakanian.
Ardakanian met his Iraqi counterpart Majid Mahdi Hantoush in Tehran on Tuesday evening on the sidelines of Prime Minister Mustafa al-Kadhimi’s trip to the Islamic Republic on his first foreign visit.
“It was decided that the contracts related to reducing losses on the electricity distribution network in the provinces of Karbala and Najaf, as well as the contract for repairing Iraq’s distribution transformers would be finalized and signed,” the Iranian minister said.
Iraq relies on Iran for…
