Published November 23, 2022 On September 23, the Minnesota Public Utilities Commission (PUC) accepted and adopted a settlement that established increased rates for CenterPoint Energy Minnesota Gas (CenterPoint) customers. Residential customers will see the interim rate of 3.9 percent which went into effect on January 1, 2022, become permanent. Below is a brief summary and…
November 9, 2022 Star Tribune Mike Hughlett Minnesota’s two largest gas utilities are challenging a state ruling prohibiting them from together charging consumers $55 million for costs incurred during a 2021 winter storm. CenterPoint Energy and Xcel Energy on Tuesday asked the Minnesota Public Utilities Commission (PUC) to “reconsider” its August decision, which faulted the two utilities…
Star Tribune July 23, 2022 Mike Hughlett and Patrick Kennedy CenterPoint CEO David Lesar took home one of the biggest paydays in the utility industry last year: $37.8 million. Read more.
June 15, 2022 Star Tribune Lisa Goodman Have you noticed that your CenterPoint gas bill is up this year? You’re not alone. In addition to CenterPoint’s rate hike, some of those higher costs are from a five-day period in February 2021 when wholesale fuel prices spiked 4,000%. If the utility prevails, customers will be paying…
Published June 1, 2022 Earlier this year, CUB released a white paper outlining concerns we had about a merger involving CenterPoint Energy, Inc. (the Texas-based parent company of Minnesota’s largest natural gas utility) and another Texas-based gas company, Energy Transfer. CenterPoint’s earnings reports have now revealed that, as a result of the merger, CenterPoint Energy,…
April 19, 2022 Energy and Policy Institute Karlee Weinmann CenterPoint Energy paid its CEO a total of $37.8 million last year, far exceeding executive pay at peer companies while it sought massive rate hikes for customers already struggling to keep up with skyrocketing utility bills. A review of executive compensation at large U.S. utilities places David Lesar’s…
March 1, 2022 MPR News Kirsti Marohn An advocacy group is raising questions about CenterPoint Energy’s financial interest in a Texas-based energy company that it says made billions of dollars from natural gas price spikes following a February 2021 winter storm. The Citizens Utility Board of Minnesota, which advocates for utility customers, released the report…
Published March 1, 2022 A report (pdf) issued by CUB today raises questions about Texas-based CenterPoint Energy’s financial interest in another Texas company that made billions during the February 2021 Winter Storm Uri. The report comes while CenterPoint’s Minnesota-based subsidiary is attempting to pass on approximately $466 million in costs associated with last year’s storm…
December 27, 2021 MPR News Dan Kraker It’s been a busy few weeks at the Minnesota Public Utilities Commission. The PUC is charged with approving the rates that the state’s regulated utilities can charge for their electric and natural gas service. And right now, the state’s biggest electric and gas utilities are all requesting rate…
Published December 6, 2021 Last week, the Minnesota Public Utilities Commission (PUC) approved interim rate increases for both CenterPoint Energy and Minnesota Power. Customers of each utility will see the interim charge on their bills beginning in January. In both decisions, energy affordability for residential customers was at the front of the PUC’s consideration. CenterPoint…
