Houston’s main electrical company backed off plans to raise rates after facing sharp criticism for its response to massive power outages after Hurricane Beryl.

CenterPoint Energy (CenterPoint) announced today that it has reached a settlement agreement with parties to its 2024 rate case for its CenterPoint Energy Houston Electric business (Houston Electric),

Houston’s main electrical company CenterPoint Energy is expected to lower rates on monthly residential and small business customer bills after the company settled its rate case with city coalitions, according to a Jan.

The rate reduction amounts to approximately $0.82 per month for the average residential customer and approximately $1.28 per month for the average small business, according to CenterPoint’s announcement .

CenterPoint Energy has reached a settlement in its 2024 rate case that will lead to lower electric bills for Houston-area customers. Pending approval by the Public Utility Commission of Texas (PUCT),

CenterPoint energy agrees to $1 per month rate decrease

CenterPoint Energy announced a settlement agreement with parties involved in its 2024 rate case for its Houston Electric business.