$1 more a month? What to know about CenterPoint’s coming rate increase
Here’s what you need to know:About $200 million, the amount it spent to lease emergency mobile generators, which could produce 500 megawatts of power.A state law passed after the deadly blackouts in 2021 said transmission and distribution companies could lease mobile generation units for use in situations when customers are in jeopardy of going days without power. The law also deemed that those companies could include the cost of such equipment in the amount they charge customers.
Jason Ryan, CenterPoint's executive vice president of regulatory services and government affairs, said the company worked with PUC staff to spread out the cost of the mobile generators over time so it would represent less than a $1 dollar increase of the rate base on monthly bills. But consumer advocates say Texas utilities have been layering on costs gradually that add up to significant increases in bills for customers.
In September, CenterPoint began charging residential ratepayers on average an additional $11.45 per month for transmission and distribution costs. The fixed portion of the bill, which is separate from the per-kilowatt rate chosen through a retail electricity plan, now makes up around 40 percent of a customer's bill – a 10 percent jump from when the state’s electricity market design went into effect in 2002, according to state data.
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