Embroiled in a legal tussle surrounding the Grand Gulf nuclear plant, the city of New Orleans and Entergy (NYSE:ETR) have brought their dispute to a close with a substantial settlement worth a staggering $250 million, as reported by Nola.com on Thursday.

For Entergy, this agreement means a considerable increase from its previous offers. Back in 2022, the utility had attempted to resolve regulatory concerns regarding its Mississippi nuclear facility, a crucial power source for New Orleans.

Authorities in Louisiana, Mississippi, and Arkansas had accused Entergy of exploiting ratepayers through questionable tax strategies and financial maneuvers, including expenses related to lobbying efforts and luxury trips for top management. Furthermore, the Grand Gulf plant was infamous for its unreliability, ranking among the least trustworthy nuclear facilities in the nation.

While Entergy has managed to settle matters with regulators in Arkansas and Mississippi, it remains entangled in a legal battle with the Louisiana Public Service Commission, which holds authoritative oversight over the utility’s operations.