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by: Alex Brown, Inside INdiana Business
Posted:
Dec 21, 2020 / 05:23 PM EST
INDIANAPOLIS (Inside INdiana Business) The Indiana-based gas utility for CenterPoint Energy Inc. (NYSE: CNP) in Texas is requesting a rate increase for its natural gas service territory. Indiana Gas Company says the request, which would be its first rate increase in 13 years, follows the completion of a seven-year, $725 million natural gas pipeline modernization plan.
CenterPoint Energy says the pipeline project led to a 33% reduction in methane emissions since 2013. The rate increase request, filed with the Indiana Utility Regulatory Commission, seeks to recover about 20% of the cost of the project.
“Through these infrastructure investments, CenterPoint Energy is committed to complying with federal mandates and continuing to safely and reliably deliver natural gas service to our customers,” said Richard Leger, vice president of natural gas distribution in Indiana and Ohio for CenterPoint. “W
CenterPoint Seeking Rate Increase
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