It looks like your browser does not have JavaScript enabled. Should the current recovery request be approved, total annual bills will be about $100 lower than they were in 2007-2008 when current rates were approved.
Continuation of the utility's energy efficiency programs through 2025 and a program providing gas bill reductions for income-eligible customers for the months December through May also is included in the request, CenterPoint officials said.
Since 2008, more than 300 miles of gas mains have been replaced in the company's southwestern Indiana territory. 'While our natural gas customers will experience a base rate increase to their bills, it will be the first time in nearly 14 years we have pursued such recovery.
The petition for a base rate review was filed with the Indiana Utility Regulatory Commission on Friday. More:Driver killed in Vanderburgh County crash was 16-year-old Evansville girl, More:Judge issues warrant for Walter McCarty's arrest after missed court date.
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Actual events and results may differ materially from those expressed or implied by these forward-looking statements. Sign-in to My Account on CenterPointEnergy.com to access or make changes to your account. Payment Address. — CenterPoint Energy is seeking a review of its natural gas rates for Southwestern Indiana in hopes of recovering costs from recently completed pipeline upgrades. Please enable javascript The browser you are using is out of date and will soon be unsupported. Hedde said the petition filed Friday is for recovering the remaining 20 percent of the costs. Sign In SiteMinder Page. "What we are recovering is a much smaller amount than we would otherwise," she said.
If approved, the increase would not go into effect until late summer 2121 and will not apply to customer electric rates.
As the only investor owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Arkansas, Indiana, Louisiana, Minnesota, Mississippi, Ohio, Oklahoma and Texas. In addition, Leger said the pipeline upgrades have resulted in a 36 percent reduction of methane emissions.
While taking into consideration the expected bill impact for these gas infrastructure investments, bills should remain substantially lower than they were subsequent to the company's last rate case filing due to considerably lower natural gas commodity costs. With approximately 9,600 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. EVANSVILLE, Ind. This represents the balance of costs not already recovered through the duration of the previous seven years and recovery of additional investments before and outside of the company's modernization plan related to public and system improvements required since 2006. 'Energy efficiency programs are another way we strive to give customers the opportunity to reduce their energy usage and therefore lower their bill, while also lowering emissions.'. To serve you better please select from the list of service areas below to see relevant CenterPoint Energy information.
The statutes provide utilities the ability for gradual investment recovery as modernization progress is made; otherwise defined as 80% of total capital expenditures and lessening the effect of a larger rate increase through traditional rate recovery.
You will need to fax a signed letter with the service address, name on the account, a … For more information, visit, Atmos Energy, Xcel Energy Will Join Dow Jones Utility Average, President, Chief Executive Officer & Director, Chief Information Officer & Senior Vice President. Evansville, Ind. CenterPoint's 3,200-mile pipeline network serves more than 113,000 customers in … An average residential gas customer in Southwestern Indiana could see an increase of about $15 per month on their bill.
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Without giving us the correct PIN we are unable to move forward with this transaction. The filing now begins a comprehensive review by the IURC which will take several months to complete and will include a public hearing as part of the regulatory process. Also requested within this filing is the continuation of natural gas energy efficiency programs through 2025 and the income-eligible universal service program, which provides additional gas bill reductions during the months of December through May for eligible Indiana South customers. Should the plan be approved, new rates would go into effect during the third quarter of 2021.
The filing marks completion of a seven-year, $240 million gas system improvement plan that began in 2013.
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