Huval says the bill increases are also attributable to record months of heat in July, August and September ' a problem exacerbated by low levels of rainfall. "Rob Perillo told me those three months in 2005 are the hottest on record ' that means the hottest in 112 years," says Huval.
With natural gas prices falling to about $10 per thousand cubic feet in November, down from a yearly high of $14.68 at one point in October, utility customers should get some relief.
Lower bills should be arriving in LUS customers' mailboxes any day now, Huval says. "With the first two of our four new generating units now in service, we are in a position to reduce our fuel costs to our customers significantly." He adds that the fuel component is dropping from 6.4 cents to 5.4 cents per kilowatt-hour. The new units are more fuel efficient, and new technology allows them to be turned off within minutes when usage is down, so LUS will be able to increase its coal utilization to 70 percent. "What that means is that with these new units, we are now relying on natural gas for only 30 percent of our total generation needs," he says.
LUS' effort follows a national trend by utility companies to wean themselves from natural gas-fired generation.
However, other customers in the state, served by utility systems more dependent on natural gas, were hit much harder in recent months. Consumer outcry led the Louisiana Public Service Commission to order audits of Cleco's and Entergy's gas purchases through October of this year in an effort to determine if they bought gas at the cheapest available rates. "In October 2005, Entergy and Cleco's residential electric charges were about 23 percent and 18 percent higher than LUS' respectively," Huval says.
Manuel Lam, an energy analyst with the Louisiana Department of Natural Resources, says about 37 percent of the Gulf of Mexico's natural gas production is still shut in but should be back on line soon. With natural gas storage climbing and November weather unusually warm, he expects prices for the rest of the year to settle in the $10 to $11 range.
But, says Lam, it's still anybody's guess what kind of weather awaits in the winter months ahead.
American companies export smog; UN calls for cease-fire in Gaza; fist bump keeps germ transfer down and more national and international news for Monday, July 28, 2014.
Monday's Blogs from the Bog!
Louisiana has joined nine other states in support of Indiana’s appeal of a federal judge’s ruling that the Hoosier State’s ban on sam-sex marriage violates the Constitution.
The Saints are being cautious in an effort to minimize risk of re-injury.
LSU Health Sciences Center says people with a common, hard-to-treat kind of lung cancer can join a new national trial to test drugs faster.
As New Orleans Saints coach Sean Payton and general manager Mickey Loomis spoke about the opening of training camp, steep, tree-covered mountains were in full view behind them.
The family of fallen cyclist Lon Lomas is speaking out after the release this week of the man charged with his death.
"The solutions are obvious: undo consolidation, or amend the charter to make this hybrid attempt at a new form of government work better."
The Board of Elementary and Secondary Education is considering whether to get involved in a lawsuit against Gov. Bobby Jindal for his attempts to undermine use of the Common Core education standards in Louisiana's public schools.
The latest meeting of a south Louisiana flood board that stirred political turmoil with a lawsuit against the oil and gas industry is taking place amid uncertainty over the future of the lawsuit — and the board's own membership.
The photos taken nearly a mile under the Gulf of Mexico are so clear that small holes are visible in a lifeboat that may have gone down or been scuttled when a passenger ship was sunk by a Nazi submarine in 1942.
Advocate columnist and Jindal shill Quin Hillyer has been against the New Orleans levee board lawsuit from day one, but a recent piece targeting author/activist John Barry prompted the perfect rebuttal from the board’s former vice-president, who takes Hillyer to task on just about every distorted claim he’s made on the issue.
Thousands of people who bought health insurance through the marketplace created by the federal health care overhaul face price hikes next year that could top 10 percent.
Louisiana fell one spot in an annual national ranking of child well-being that looks at poverty, education and health access.
A federal judge has decided he doesn't need to hear more arguments in the case of a gay couple who want a Louisiana marriage license.
Saints again bring playoff aspirations into 2014 campaign.
New details in the case against the man arrested for last week’s bomb threat and bank robbery has surfaced, including a MidSouth Bank surveillance video showing the alleged suspect attempt an early-morning bank robbery.
Parents and teachers who support the Common Core education standards sued Gov. Bobby Jindal Tuesday over his actions against the multi-state standards, accusing him of illegally meddling in education policy.
An arrest was announced this morning in connection with last week’s bomb scare at UL Lafayette.
Attorneys, judges and others interviewed by LaPolitics expect 15 to 20 district judge races this year.
"I feel like I'm under siege," an attorney said recently over drinks at Galatoire's Bistro in Baton Rouge. "We all do. Every time I turn around somebody wants a check. District attorney races. The judges. They're killing us."
As a requirement for running for Congress in the 6th District, former Gov. Edwin Edwards has filed his financial disclosure statement with the U.S. House showing his income in 2013 totaling $242,787.
Unlike those swindled by Bernie Madoff, the victims of Texas businessman Robert Allen Stanford’s Ponzi scheme won’t be getting any relief from the Securities Investor Protection Corp.’s emergency fund after a recent appellate court ruling.
The legal challenge is part of a continuing struggle over Common Core, which has become controversial since the Board of Elementary and Secondary Education adopted the standards in 2010.
The lone Democrat to announce he's running for governor, state Rep. John Bel Edwards, criticized Republican Gov. Bobby Jindal's budgeting tactics as "running the state like a big Ponzi scheme."