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Audit: Recent hurricanes cost state utility restoration $1.5B in new debt

(The Center Square) — According to a recent audit, the Louisiana Utilities Restoration Corporation added $1.5 billion in new debt to help utilities restore electricity service after four hurricanes and a winter storm.

The report by Legislative Auditor Mike Waguespack's office found that that the state-owned nonprofit corporation had to increase both its debt and the storm recovery charges it levies…

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