Title
Consideration of and action on a resolution suspending the April 18, 2026, effective date of CenterPoint Energy Resources Corp requested rate change for the maximum suspension time allowed.
Body
Summary:
On Tuesday, February 17, CenterPoint Gas made an Interim Rate Adjustment or “GRIP” filing with the cities in each of service areas. The Company is seeking recovery of $571,202,171 in invested capital. The current filing will increase rates to residential customers by $2.47 per month. This will increase the current residential customer charge from $22.36 to $ 24.83 per month. General Service Small customers will see a $4.18 increase per month.
The increase is currently scheduled to go into effect on April 18, 2026.
Under the GRIP statute, cities may not challenge the Company’s request. The only action the city may take is to suspend the effective date of the rate increase by 45 days. The city has until April 18, 2026 to adopt the resolution suspending the date the rate increase would otherwise go into effect.
Fiscal/Budgetary Impact:
Affects residential customers as listed above. No impact to City’s budget.
Recommended action
Approve the resolution suspending the effective date of April 18, 2026 by 45 days is recommended.