Who will pay for New Orleans grid update?

New Orleans City Council appears opposed to having rate payers shouldering the cost of grid updates. City Council’s opposition is 3 fold:  (1) electric bills are rising quickly already; (2) “chronic reliability problems”; and (3) existing alternative funding mechanisms for the industry, e.g.  low-interest loans from the federal Department of Energy.

Governing | Who Will Pay for New Orleans’ Updated Power Grid?