New Orleans advocates forcing opposition over potential sale of Entergy gas [Video]

WELL, CONSUMER ADVOCATES ARE VOICING THEIR CONCERN OVER THE POTENTIAL SALE OF ENTERGY GAS SYSTEMS TO A PRIVATE EQUITY FIRM. ENTERGY HAS AGREED TO SELL ITS GAS DISTRIBUTION SYSTEM TO BERNHARD CAPITAL PARTNERS FOR $484 MILLION. TOGETHER, NEW ORLEANS AND ALLIANCE FOR AFFORDABLE ENERGY, THEY HOSTED AN INFORMATIONAL MEETING TODAY. THEY CLAIM IT WILL RAISE YOUR BILLS BY OVER $12 A MONTH, AND IT WOULD HINDER THE CITY’S CLIMATE AND CLEAN ENERGY GOALS. THIS SALE, IF APPROVED, WOULD CREATE A NEW UTILITY WHOSE SOLE BUSINESS IS SELLING FOSSIL GAS TO BE BURNED IN HOMES AND BUSINESSES. THIS IS AT A TIME WHEN NEW ORLEANS IS FACING THE WORST EFFECTS OF CLIMATE CHANGE, DUE TO THE BURNING OF FOSSIL FUELS, AND IT WOULD BE DIRECTLY CONTRADICTORY TO BOTH THE CITY COUNCIL AND THE CURRENT MAYOR’S ADMINISTRATION’S GOALS FOR CLIMATE AND CLEAN ENERGY. NOW, THE NEW ORLEANS CITY COUNCIL STILL HAS TO …