CenterPoint Energy is negotiating with Houston and dozens of other cities in its bid to raise customers’ electric rates again.
The utility company is seeking to recoup $1.3 billion in costs it says were incurred to restore power after Hurricane Beryl and two other weather events. CenterPoint claims the proposed increase would cost the average household that uses 1,000 kilowatt-hours of electricity about $2.13 more per month.
This request comes on top of a $1 monthly increase the Texas Public Utility Commission approved earlier for CenterPoint’s recovery costs from the May derecho. They claimed $400 million in expenses from that weather event…