by ACSC | Aug 31, 2020 | Blog, Gas Consumers, Regulatory Action
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...
by ACSC | Aug 25, 2020 | Blog, Gas Consumers
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...
by ACSC | Jul 13, 2020 | Blog, Gas Consumers, Utility News
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,...
by ACSC | Jul 2, 2020 | Blog, Gas Consumers, Utility News
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...
by ACSC | Jun 26, 2020 | Blog, Gas Consumers, Municipal Resources, Regulatory Action, Utility News
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...
by ACSC | Jun 11, 2020 | Blog, Regulatory Action, Utility News
A smaller price tag in an asset sale is the latest bump in a tumultuous stretch for Houston’s CenterPoint Energy. ________________________________________________ Buffeted by a recent drop in stock prices, the departure of top brass and a bumpy sale of...
