Energy company to add $1.2 billion rate hike in new October electricity bill fee

SELECT Americans will be forced to pay a new electricity bill fee soon as energy costs remain high nationwide.

It comes as part of a request for a widespread rate hikes from a prominent utilities company.

State regulators in Texas confirmed this month that CenterPoint Energy will be allowed to charge residents in Houston about $1.2 billion as a result of Hurricane Beryl and two other storms in 2024.

Households will, on average, see about $2 per month added to their monthly electricity bill over 15 years, according to what CenterPoint chief communications and marketing officer Keith Stephens told the Houston Chronicle recently…

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