Houston’s main electrical company backed off plans to raise rates after facing sharp criticism for its response to massive power outages after Hurricane Beryl.

Houston’s main electrical company CenterPoint Energy is expected to lower rates on monthly residential and small business customer bills after the company settled its rate case with city coalitions, according to a Jan.

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CenterPoint Energy (CenterPoint) announced today that it has reached a settlement agreement with parties to its 2024 rate case for its CenterPoint Energy Houston Electric business (Houston Electric),

The rate reduction amounts to approximately $0.82 per month for the average residential customer and approximately $1.28 per month for the average small business, according to CenterPoint’s announcement .

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CenterPoint Energy reaches settlement agreement resulting in lower bills for customers in its 2024 general rate case, reducing annual revenue by ~$50M.

CenterPoint Energy announced a settlement agreement with parties involved in its 2024 rate case for its Houston Electric business.