Texas PUC approves Entergy's 500-kV SETEX transmission project [Yahoo! Finance]
Entergy Texas Inc 5.375% Series A Preferred Stock, Cumulative, No Par Value (ETI.PR)
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Source: Yahoo! Finance
Dive Brief: The Public Utility Commission of Texas on Thursday selected a route and authorized Entergy to develop the Southeast Texas Area Reliability Project, or SETEX, which includes a 145-mile, 500-kV transmission line and other associated equipment. Entergy Texas operates outside of the Electric Reliability Council of Texas grid that serves most of the Lone Star State. The SETEX project aims to boost reliability in the Midcontinent Independent System Operator footprint. The PUCT also on Thursday selected six projects to receive about $381 million in support from the Texas Energy Fund's Outside ERCOT Grant Program. Of the grants, Entergy could receive about $200 million. Dive Insight: Texas regulators have approved about $4 billion in Entergy investments in the last month. The utility serves approximately 524,000 customers. In September, the commission approved a pair of new Entergy gas plants with a $2.4 billion price tag. And the SETEX project will reportedly cost an
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