Houston’s main electrical company backed off plans to raise rates after facing sharp criticism for its response to massive power outages after Hurricane Beryl.

CenterPoint Energy reaches settlement agreement resulting in lower bills for customers in its 2024 general rate case, reducing annual revenue by ~$50M.

The rate reduction amounts to approximately $0.82 per month for the average residential customer and approximately $1.28 per month for the average small business, according to CenterPoint’s announcement .

The rate decrease is expected to result in a $50 million loss in revenue every year to the company, a monthly rate reduction of $0.82 for residential customers and $1.28 for small business customers,

CenterPoint Energy (CenterPoint) announced today that it has reached a settlement agreement with parties to its 2024 rate case for its CenterPoint Energy Houston Electric business (Houston Electric),

HOUSTON ( KIAH ) — CenterPoint Energy announcing that it has reached a settlement agreement to its 2024 rate case for its CenterPoint Energy Houston Electric business (Houston Electric), including the City of Houston and other regional municipalities.

Mizuho Securities analyst Anthony Crowdell has reiterated their neutral stance on CNP stock, giving a Hold rating yesterday.Invest with

According to a release sent out on Saturday, CenterPoint has around 1,200 mutual aid workers who will be in the area by Monday to support any efforts to bring the lights back on. Workers will be staged at three different spots and pre-positioned to move into affected areas.

A local energy expert, meanwhile, says other factors also contributed to relatively few power outages as snow blanketed the region on Tuesday and temperatures plunged into the teens early Wednesday morning.

CenterPoint Energy is proactively preparing for a significant winter storm expected to impact the Greater Houston area starting Monday evening.

CenterPoint Energy has reached a settlement in its 2024 rate case that will lead to lower electric bills for Houston-area customers. Pending approval by the Public Utility Commission of Texas (PUCT),

CenterPoint Energy (CNP) (CenterPoint) announced that it has reached a settlement agreement with parties to its 2024 rate