Review of Entergy New Orleans, Inc.’s Sale of Market Street Property

This project concerned the proposed sale of a former generating station property owned by Entergy New Orleans, Inc. (ENO). On behalf of the Council of the City of New Orleans (Council) members of the Firm led the evaluation, examination, and review of ENO’s filing with the Council concerning its proposed sale and determined that ENO’s filing was incomplete and not in compliance with the Council’s filing requirements. In addition, the Firm found that ENO’s proposal did not assure that ENO’s retail ratepayers were protected by being held harmless against any increases in ENO’s revenue requirements associated with the relocation, demolition and any resulting land purchases by ENO necessitated by the sale of its Market Street Property and any risks or loss associated with the costs of any environmental remediation efforts.

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