BLOG: CenterPoint Profits, Rates On The Rise

Thanks in large part to its repeated rate increases and customer growth, profits are up for CenterPoint Energy. That’s the word from the Houston Chronicle, which reported this week that its hometown electricity and natural gas distributor made profits of $135 million...

BLOG: 3rd Time the Charm for RRC Sunset Bill?

It looks increasingly likely that after two previous failed attempts, the Texas Legislature this year will adopt far-reaching “Sunset” legislation for the Texas Railroad Commission. The 125-year-old state agency oversees gas utility rates and the state’s petrochemical...

BLOG: Paying More with the GRIP Program

The Gas Reliability Infrastructure Program, or GRIP, allows monopoly gas utilities to hike rates even if the company’s overall expenditures are on the decline, or even if its revenues are increasing. Under the rules of GRIP, a utility need only claim extra investment...