Dive Summary:
- Entergy announced Tuesday that it estimates costs to repair damage from Hurricane Isaac will total $400 million to $500 million.
- More than 787,000 Entergy customers are believed to have been left without power because of the storm.
- The costs are expected to cut into Entergy's third-quarter revenue, though it will seek to recover costs via reserves, borrowing, customer charges and insurance.
From the article:
"... In a news release on Tuesday, Entergy said it will pursue all reasonable avenues to recover storm costs, including using its storm reserves, borrowing, additional charges for customers, and insurance. ..."
