Mississippi Disputed Accounted Settlement

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Multi-State
Control #:
US-02777BG
Format:
Word; 
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Description

Parties may agree to a different performance of a contract This is called an accord. When the accord is performed, this is called an accord and satisfaction. The original obligation is discharged. In order for there to be an accord and satisfaction, there must be a bona fide dispute; an agreement to settle the dispute; and the performance of the agreement. The parties might settle for less than the amount called for under the contract.
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FAQ

Crowley, La. (KTVE/KARD) ? Entergy customers in Louisiana will be taking part in and sharing a $36 million dollar settlement out Wednesday, April 26th. 2023, by the Public Service Commission.

Property owners, lessees, and occupants of four parishes in Louisiana filed a class action in Louisiana Civil District Court seeking damages from Entergy Corporation and related defendants for damages sustained as a result of the ?foreseeable failure? of Entergy's distribution and transmission equipment and systems ...

The Entergy Nuclear subsidiary owns and operates a fleet of reactors that generates approximately 5,000 megawatts of nuclear capacity in four locations in the Southern United States. Arkansas Nuclear One Units 1 and 2 near Russellville, Ark. Grand Gulf Nuclear Station in Port Gibson, Miss. River Bend Station in St.

Hundreds of millions of dollars in refunds to Entergy customers in Louisiana are caught up in a dispute between the utility and regulators, who disagree about the meaning of a key federal ruling in the yearslong case over alleged mismanagement and questionable business practices at a huge nuclear plant.

Entergy is a vertically integrated utility monopoly, meaning that it controls both the generation of electricity and the grid that delivers that electricity to customers. It's the same business model that has traditionally dominated the American utility industry for over a century.

The $35 million benefit results in a one-time credit of approximately $80 for Entergy Mississippi's residential customers. Third, customers will receive the remaining benefits of the settlement in the coming years in the form of lower bills than they otherwise would see.

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Mississippi Disputed Accounted Settlement