New residential customer rates effective Dec. 1, 2014
In August 2013, CenterPoint Energy filed a request with the Minnesota Public Utilities Commission (MPUC) to change its rates for utility distribution service. The filing sought to increase the company’s annual revenues by $44.3 million, or about 5 percent annually. New rates begin December 1, 2014, as approved by the MPUC.
The rate changes affect individual monthly bills differently depending on the amount of natural gas used and customer’s rate class. The effect on an average residential customer’s bil will be an increase of about $2.85 per month, or $34 per year. Bills will also vary because the wholesale cost of natural gas changes each month.
State law allowed CenterPoint Energy to collect interim (temporary) rates while the MPUC considered the rate increase request. AS the final rate increase is less than the interim rate increase, CenterPoint Energy will refund the difference, with interest, beginning December 2014. A typical residential customer’s refund will be about $11.
Learn how interim rates will affect your customers’ natural gas bills.