US EditionCenterPoint Energy proposes to lower costs for Houston Electric customers & provide increased reliability for Texas
- CenterPoint Energy proposed to remove costs of large emergency generation units from electric bills, saving average residential customers $2 per month by 2027, as testified before the Texas Senate Committee on Business and Commerce.
- The proposal involves sending 15 large emergency generation units to the San Antonio area to support Texas' energy needs during a potential shortfall.
- CenterPoint Energy will not make profit from these units for up to two years, and the costs associated will be removed from rates for customers.
- Jason Wells, President and CEO of CenterPoint Energy, stated that the proposal aims to reduce costs for customers while improving reliability for Texas.
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CenterPoint agrees to absorb costs of mobile generators and cut rates for Houston-area customers
The utility leased the 15 large, mobile generators at a cost of about $880 million after the widespread power failures tied to the 2021 winter storm. The generators proved largely useless in the wake of last year’s Hurricane Beryl.
·Houston, United States
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Cherokee Phoenix+21 Reposted by 21 other sources
CenterPoint Energy proposes to lower costs for Houston Electric customers & provide increased reliability for Texas
CenterPoint proposal to remove emergency temporary generation costs would lower monthly bills immediately and by as much as $2 per month by 2027
CenterPoint Energy started Buy at Jefferies: 'Everything bigger in Texas' including capex upside
CenterPoint Energy started at Buy at Jefferies, citing its track record of meeting or exceeding earnings guidance in recent years, combined with the Houston area's strong growth prospects.
·United States
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Total News Sources26
Leaning Left2Leaning Right3Center6Last UpdatedBias Distribution55% Center
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C 55%
R 27%
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