Posted 10/26/2007 10:25 am
Updated 1 year ago
Under the settlement agreement by the PSC, CenterPoint's overall rates will rise by 4.1 percent a year, or $20 million, based on the approved return on equity of 9.65 percent, the PSC's news release said on Thursday.
A typical residential customer will see his monthly bill rise $3.24 a month, or 4.6 percent.
"CenterPoint's originally requested a $51 million annual increase - which would have increased rates by 11.03 percent," the news release said.
CenterPoint Energy Arkansas provides natural gas service to more than 424,000 customers in Arkansas.