Houston-area electricity customers will see another $2.20 per month added to their monthly bills for the next 14 years after the settlement of a dispute between CenterPoint Energy, Houston-area cities and the Texas Public Utility Commission.
Texas’ 1999 electric deregulation law allows electric utilities to get back earlier investments made in power plants and transmission lines that could be recovered under regulation but not in a competitive market. These are called stranded costs.
Keep reading “Settlement to add $2.20 a month to area power bills“