Houston-area customers will cover CenterPoint's $100 million-plus power restoration costs after deadly storm – Houston Public Media houstonpublicmedia.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from houstonpublicmedia.org Daily Mail and Mail on Sunday newspapers.
The Houston City Council last month denied a proposed 57% increase to CenterPoint's delivery rate for electricity, but the parties subsequently negotiated a smaller increase. Additional hikes could be coming in the months ahead because of a new Texas law that allows utility companies to make more rate increases per year.
Energy experts say connecting more out-of-state generators to electricity distributors in Texas would improve grid reliability and, eventually, save consumers money.
This Election Day, Texas voters will decide whether or not to open up billions of dollars to support natural gas power plants. Proponents of the measure tout it as a way to improve the state’s electric grid — which infamously failed in a massive winter storm in February 2021, leading to the deaths of 246 people, or over 750 by one investigation. “After Winter Storm Uri,…