CenterPoint Energy announced late Friday it would proceed with its long-disputed rate review, ongoing since August. Alongside this announcement, the energy company presented a proposal to increase rates, aiming to recover costs from its response to severe weather in May.
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”CenterPoint respectfully respects that the Commission grant this appeal, allow the company an opportunity to maintain momentum on completing important resiliency improvements before the next storm season,” Patrick Peters, CenterPoint Energy. “There is no reason and certainly no good cause to postpone this rate case any further. Customers are being overcharged each month that this case gets delayed,” said Thomas Brocato, Gulf Coast Coalition of Cities.
“CenterPoint would be allowed by having their motion granted to effectively continue to over earn... continue to overcharge ratepayers,” said Alton Hall, Houston Community College .In a separate request, CenterPoint has now filed to increase rates by an additional $450 million to recover expenses incurred from the May derecho storm, which caused extensive damage. This new proposal would add approximately $1 per month to customer bills over the next 15 years.
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