On August 2, 2013, CenterPoint Energy filed a request with the Minnesota Public Utilities Commission (MPUC) to change its rates for utility distribution service. If approved by the MPUC, the proposed new rates will result in an overall increase in revenue of $44.3 million, or about 5 percent annually. The requested increase would add about $4.00 to a typical residential customer's monthly bill.
State law permits CenterPoint Energy to charge interim (temporary) rates while the MPUC considers our request for new rates. The MPUC has approved an overall interim rate increase of $42.9 million, or 4.88 percent for all CenterPoint Energy customers. The increase went into effect for service rendered on and after October 1, 2013 and will remain in effect until the MPUC’s final decision.
We expect the MPUC's final decision on this request in June 2014. If final rates are less than interim rates, customers will be refunded the difference with interest. If final rates are higher, customers will not be charged the difference.
WHY THE NEW RATES ARE NEEDED
We are making significant capital improvements in Minnesota in accordance with natural gas pipeline safety and integrity regulations. The expenses are necessary to:
- Ensure that you receive natural gas service delivered safely and reliably to your homes and businesses
- To respond to significant public improvement requirements on the system
- To modernize the system with technology improvements
Learn more about how the proposed rates affect your billing.