Entergy (ETR) to invest $15 B into grid resiliency
USA, New Orleans: Entergy Corporation’s ETR operating company, Entergy New Orleans, has announced a grid hardening and resilience projects.
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USA, New Orleans: Entergy Corporation’s ETR operating company, Entergy New Orleans, has announced a grid hardening and resilience projects.
As one of the first steps of the project realization, the company has submitted filing to Entergy’s local regulator, the New Orleans City Council. The filing includes an extension plan that will harden more than 48,280 km (30,000 mi) of distribution power lines and nearly 500,000 distribution poles to lessen the frequency and length of power outages during extreme weather conditions.
As part of the filing, Entergy New Orleans is proposing a variety of options to build electrical infrastructure strong enough to withstand severe storms. Entergy will increase grid resilience, strengthen transmission and distribution electric infrastructure and install new innovative technology and equipment to provide high-quality services for customers.
Entergy New Orleans’ cost of the grid hardening project is expected at $1.5 B in 10 years. Overall, ETR expects to invest $15 B to better safeguard against extreme weather scenarios, such as hurricanes and ice storms.
Source: Nasdaq
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