CenterPoint says February cold snap could cost customers additional $354, plus interest
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CenterPoint says February cold snap could cost customers additional $354, plus interest
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Unprecedented electrical power demand the week of Feb. 15 has raised questions about the price spikes in natural gas to generate that power.
As described at the Feb. 24 meeting of the Paragould Light, Water and Cableâs board of commissioners, costs of electricity ended up adding $5.7 million to PLWCâs expenses, which depleted more than half the utilityâs stated $10 million in financial reserves.
âThis $5.7 million that [utility chief operations officer] Brett [Bradford] was talking about,â asked commissioner Kelly Wright, âwhoâs going to be the ultimate benefactor of that money?â
âUltimately,â Bradford replied, âthe gas [companies are] what impacted the market.â