CenterPoint Energy settles rate case, will lower power costs for customers

More than six months after CenterPoint Energy came under fire for its response to Hurricane Beryl — and its proposal to raise its rates — Houston’s main electricity company announced Wednesday that it reached a settlement that will lower customers’ bills.

Instead of the proposed rate increase that the company had requested shortly before Beryl made landfall, most Center-Point Energy customers will have their average bill reduced by about $1 per month moving forward — pending approval from the Public Utility Commission of Texas.

Centerpoint withdrew its rate increase proposal on Aug. 1 amid the Beryl backlash.