The House voted to continue a resolution to fund the government through December 3rd and raise the $28 trillion debt ceiling. Senator Bill Cassidy says efforts are also underway to pass the disaster supplemental bill before the end of the month but Cassidy says he hopes Senator Majority leader Chuck Schumer won’t attach disaster relief to the resolution to raise the debt ceiling.
Cut 12 (12) “…doesn’t do that.”
Senator John Kennedy is the only Republican who’s stated he plans to vote for the bill for relief funds even if it raised the debt ceiling.
A Louisiana startup company that created interior helmet fans for the LSU football team has signed with a Silicon Valley venture capital firm as their lead investor. Jack Karavich is the founder and CEO of Tigeraire the company that created the helmet fans known as the Cyclone.
Entergy Louisiana is seeking to add a $5 surcharge to customer’s bills to pay almost $2.1 billion in repair work following hurricanes Laura, Delta, and Zeta, and February’s winter storms. Entergy Vice President of Regulatory and Public Affairs Mark Kleehammer says the monthly surcharge is for fifteen years.
The surcharge was discussed at a joint legislative commerce committee where Thibodaux Representative Bryan Fontenot suggested the utility provider dedicate a portion of their $700 million annual profits to an escrow account to pay for catastrophic repairs. He also questioned Entergy representatives about preventative maintenance.