{"id":38906,"date":"2014-10-20T10:27:25","date_gmt":"2014-10-20T15:27:25","guid":{"rendered":"http:\/\/stateimpact.npr.org\/texas\/?p=38906"},"modified":"2014-10-20T10:27:25","modified_gmt":"2014-10-20T15:27:25","slug":"texas-puc-leaves-centerpoints-excess-revenue-untouched","status":"publish","type":"post","link":"https:\/\/stateimpact.npr.org\/texas\/2014\/10\/20\/texas-puc-leaves-centerpoints-excess-revenue-untouched\/","title":{"rendered":"Texas PUC Leaves CenterPoint\u2019s &#8216;Excess Revenue&#8217; Untouched"},"content":{"rendered":"<div id=\"attachment_171\"  class=\"wp-caption module image right\" style=\"max-width: 300px;\"><img decoding=\"async\" loading=\"lazy\" class=\"size-medium wp-image-171\" alt=\"CenterPoint says it will actually ask for a rate increase next year.\" src=\"http:\/\/stateimpact.npr.org\/texas\/files\/2011\/08\/Meter-300x223.jpg\" width=\"300\" height=\"223\" srcset=\"https:\/\/stateimpact.npr.org\/texas\/files\/2011\/08\/Meter-300x223.jpg 300w, https:\/\/stateimpact.npr.org\/texas\/files\/2011\/08\/Meter-620x460.jpg 620w, https:\/\/stateimpact.npr.org\/texas\/files\/2011\/08\/Meter-220x163.jpg 220w, https:\/\/stateimpact.npr.org\/texas\/files\/2011\/08\/Meter-138x103.jpg 138w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><p class=\"wp-media-credit\">Photo by KUT News.<\/p><p class=\"wp-caption-text\">CenterPoint says it will actually ask for a rate increase next year.<\/p><\/div>\n<p>CenterPoint Energy, a state-regulated utility that maintains poles and wires for over two million electricity customers, had millions of dollars in \u201cexcess revenue\u201d last year. At its meeting Friday morning, the Texas Public Utilities Commission considered whether something should be done about that.<\/p>\n<p><a href=\"http:\/\/interchange.puc.state.tx.us\/WebApp\/Interchange\/Documents\/42290_75_816466.PDF\">A report<\/a>\u00a0from the PUC\u2019s staff said that last year alone CenterPoint had \u201cexcess revenue\u201d of almost $47 million.\u00a0<a href=\"http:\/\/www.houstonpublicmedia.org\/news\/how-much-excess-revenue-did-centerpoint-energy-make\/\">News 88.7 reported earlier<\/a>\u00a0how company executives this summer bragged to investors that for the last three years, the utility had been earning \u201cwell in excess\u201d of the amount authorized by the PUC.<\/p>\n<p>But at the meeting, PUC staff member Darryl Tietjen told the commissioners: \u201cWe have recommended the commission take no action for any of the companies we have reviewed.\u201d<\/p>\n<p>The commissioners agreed.<!--more--><\/p>\n<p><a href=\"http:\/\/www.lglawfirm.com\/attorneys\/brocato-thomas-l\/\">Thomas Brocato<\/a>, a lawyer representing cities in CenterPoint\u2019s territory, had hoped the commission would have considered lowering CenterPoint\u2019s rates.<\/p>\n<p>\u201cThey\u2019ve got a pretty long history of over-earning and that\u2019s frustrating, disappointing,\u201d Bracato told News 88.7.<\/p>\n<p>CenterPoint says it will actually ask for a rate increase next year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CenterPoint Energy, a state-regulated utility that maintains poles and wires for over two million electricity customers, had millions of dollars in \u201cexcess revenue\u201d last year. At its meeting Friday morning, the Texas Public Utilities Commission considered whether something should be done about that. A report\u00a0from the PUC\u2019s staff said that last year alone CenterPoint had [&hellip;]<\/p>\n","protected":false},"author":53,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[41],"acf":[],"_links":{"self":[{"href":"https:\/\/stateimpact.npr.org\/texas\/wp-json\/wp\/v2\/posts\/38906"}],"collection":[{"href":"https:\/\/stateimpact.npr.org\/texas\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateimpact.npr.org\/texas\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/texas\/wp-json\/wp\/v2\/users\/53"}],"replies":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/texas\/wp-json\/wp\/v2\/comments?post=38906"}],"version-history":[{"count":2,"href":"https:\/\/stateimpact.npr.org\/texas\/wp-json\/wp\/v2\/posts\/38906\/revisions"}],"predecessor-version":[{"id":38908,"href":"https:\/\/stateimpact.npr.org\/texas\/wp-json\/wp\/v2\/posts\/38906\/revisions\/38908"}],"wp:attachment":[{"href":"https:\/\/stateimpact.npr.org\/texas\/wp-json\/wp\/v2\/media?parent=38906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/texas\/wp-json\/wp\/v2\/categories?post=38906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/texas\/wp-json\/wp\/v2\/tags?post=38906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}