During an earnings call, the company reported $242.2 million in increased capital expenditures during the 12-month period ending Sept. 30, 2020. ________________________________________________ Atmos customers across its multi-state system may face bill increases of...
August TGS Rate Case Settlement leads to Avoided-Cost Savings. We recently analyzed a series of Texas gas utility rate cases, comparing the companies’ requested hikes with final approved rates. We also have analyzed utility rate requests in which cities intervened for...
Three utilities collect more than $100 million in annual GRIP charges since 2019. The Gas Reliability Infrastructure Program, or GRIP, allows monopoly gas utilities to increase rates even if the company’s overall expenditures are declining, even if its revenues...
New CenterPoint CEO said to prioritize shareholders, regulators. ________________________________________________ The new CEO of Houston’s CenterPoint Energy will receive a base salary of $1.35 million per year, plus a sign-on equity stock award valued at $1 million,...
Former Halliburton CEO also served on CenterPoint Board of Directors. ________________________________________________ Former Halliburton CEO David Lesar has taken the reins of CenterPoint Energy, the Houston-based energy company beset in recent months by falling...
Milestone Texas legislation created the model for Texas utility regulation. ________________________________________________ This month marks an important anniversary in the Lone Star State — but one most Texans surely never heard of. It was 100 years ago this...
One of the most important municipal coalitions currently active in gas ratemaking is the Atmos Cities Steering Committee, an organization of over 150 cities in north and central Texas with nearly 1.2 million residential customers.
