CenterPoint Energy Proposes Rate Hike for 2011

by Michelle on December 14, 2010

With many electricity companies lowering their rates in order to compete in the now open market in Texas it may come as a surprise that CenterPoint Energy is actually proposing a rate hike.

In fact, the rate hike proposal was so high that two Texas judges are suggesting that the company increases the rate by over $80 million less than they plan to.

If you are a Texas resident and are interested in comparing CenterPoint electricity rates to other company rates contact an Electric Rates representative to find out how.

  • The CenterPoint Energy proposal will be examined by the Public Utility Commission, who will make the final decision as to the amount of the rate increase, in January.
  • A similar situation occurred with the North Texas utility provider Oncor, who proposed a much higher rate than what was ultimately approved.
  • More than two-million customers are supplied with energy coming from CenterPoint poles and lines.

Although CenterPoint may not have 2 million customers the poles and lines maintained by them do supply power to as many people.

This is due to the fact that alternative energy companies can purchase electricity generated by other companies and then sell it you.

In order to avoid being a victim of the electricity rate increase it is important to compare multiple electricity company’s rates.

Use the Electric Rates comparison tool to do a comprehensive comparison.

Don’t wait until the rate hike is implemented to compare electricity company rates.

Find out how to not be a victim of high energy costs by calling 1-800-971-4020.

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