Entergy Arkansas Inc. said Monday that its customers will see a bill reduction for a second straight year.
The utility said the savings would amount to nearly 4% and come from a savings in fuel rates. It said a typical residential customer using 1,000 kilowatts of electricity would see his bill reduced by $4.10.
The rate cut is in addition to a $4.20 reduction that took effect in April 2019.
"We know that every little bit helps, and we're pleased that our fuel rate is decreasing again this year," Entergy Arkansas President and CEO Laura Landreaux said in a news release. "It can mean a lot for many of our customers, especially those living paycheck to paycheck. That's why we strive to make sound investments that improve reliability and why we work to drive overall costs down."
Causes of the reduction include lower gas prices, projects that have improved the performance of Arkansas Nuclear One and transmission upgrades that have helped alleviate congestion on the electric grid, this utility said.
Entergy filed the rate decrease in its rider for "fuel and purchased power costs" with the Arkansas Public Service Commission.
Entergy Arkansas provides electricity to about 700,000 customers in 63 counties.