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.

Houston’s main electrical company CenterPoint Energy is expected to lower rates on monthly residential and small business customer bills after the company settled its rate case with city coalitions, according to a Jan.

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),

CenterPoint Energy has agreed to a rate decrease in its closely-watched rate case after months of settlement negotiations with city coalitions and consumer groups, the Houston electric utility announced Wednesday afternoon.

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 agrees to $1 per month rate decrease

CenterPoint Energy (NYSE:CNP) said late Wednesday that its Houston Electric subsidiary reached a settlement agreement with parties to its 2024 general rate case, which is expected to result in ~$50M less annual revenue to the company into 2029,