Posted: Dec 19, 2013 2:01 AM
Updated: Dec 19, 2013 2:04 AM
JACKSON, Miss. (AP) There's a new traffic cop directing electricity flows for millions of Louisiana, Arkansas, Mississippi and Texas residents.
New Orleans-based Entergy Corp. handed over management of its grid late Wednesday to the Midcontinent Independent Transmission System Operator.
MISO, based in Carmel, Ind., already directed electricity movement in parts of 11 Midwestern states and Canada's Manitoba province.
MISO is supposed to save Entergy customers $1.4 billion over 10 years. MISO says it will ensure Entergy customers get the cheapest possible electricity, even if it's generated at a faraway plant instead of a nearby one owned by Entergy.
The handover came at the same moment Entergy Arkansas Inc. exited the system agreement that bound the six Entergy subsidiaries. Arkansas regulators decreed the unit leave because Arkansas ratepayers had subsidized Louisiana in the past.