Annual Annual EPS
Close Close Percent 52-Wk 52-Wk Div Div Book P/E Last
Company Region 12/29/95 03/29/96 Change High Low Rate Yield Value Ratio 12 Mos.
Citing its desire to promote a fully competitive wholesale market for electric power, the Arkansas Public Service Commission (PSC) has waived restrictions on serving wholesale and retail loads in the state for Entergy Power Inc. Entergy had proposed to sell Oklahoma Gas & Electric Co. power wheeled from two generating facilities by Arkansas Power & Light Co. (AP&L), an Entergy affiliate. The PSC said the primary purpose of the restrictions was to prevent Entergy from using the transferred assets to take unfair advantage of its affiliate relationship with AP&L, to the detriment of Arkansas ratepayers. However, the PSC found that Entergy's proposal would benefit AP&L by providing transmission service revenues. It rejected allegations that the transaction might allow Entergy to indirectly compete with AP&L in the future, concluding that AP&L would ultimately be faced with competition for its wholesale load regardless of any PSC action. Re Entergy Power Inc., Docket No. 94-068-U, Order No. 3, Nov. 14, 1994 (Ark.P.S.C.).
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