Title
Consideration of and action on a resolution of the City of Deer Park, Texas finding that Centerpoint Energy Houston Electric, LLC's requested increase to its electric transmission and distribution rates and charges within the City should be denied; finding that the City's reasonable rate case expenses shall be reimbursed by the company.
Body
Summary:
On March 6, 2024, CenterPoint Energy Houston Electric, LLC ("CenterPoint" or "Company") filed an application with cities retaining original jurisdiction seeking to increase system-wide transmission and distribution rates by $60 million per year. CenterPoint asks the City to approve an increase of $17 million in retail transmission and distribution rates (an increase of about 1%) and $43 million in wholesale transmission rates (an increase of about 6.6%). According to CenterPoint, the impact on an average residential customer would be an increase of about $1.25 per month.
In a prior City action, CenterPoint's rate request was suspended from taking effect for 90 days, the fullest extent permissible under the law. This time period has permitted the City, through its participation with the Gulf Coast Coalition of Cities ("GCCC"), to determine that the proposed rate increase is unreasonable. Consistent with the recommendations of experts engaged by GCCC, CenterPoint's request for a rate increase should be denied.
Accordingly, the purpose of the Resolution is to deny the rate change application proposed by CenterPoint.
EXPLANATION OF "BE IT RESOLVED" SECTIONS:
1. This paragraph finds that the Company's application is unreasonable and should be denied.
2. This section requires CenterPoint to maintain its existing rates within the City.
3. This section states that GCCC's reasonable rate case expenses shall be reimbursed by CenterPoint within 30 days of presentation of an invoice to CenterPoint.
4. This section recites that the Resolution was passed at a meeting that was open to ...
Click here for full text