The rate reduction amounts to approximately $1 per month for the average residential customer and approximately $1.25 per month for the average small business, Jason Ryan, CenterPoint’s vice president of regulatory affairs, said in an interview.

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

More than 99% of CenterPoint Energy's Houston-area customers maintained power through the freeze, and ERCOT didn't order rolling outages.

According to a release sent out on Saturday, CenterPoint has around 1,200 mutual aid workers who will be in the area by Monday to support any efforts to bring the lights back on. Workers will be staged at three different spots and pre-positioned to move into affected areas.

A local energy expert, meanwhile, says other factors also contributed to relatively few power outages as snow blanketed the region on Tuesday and temperatures plunged into the teens early Wednesday morning.

CenterPoint Energy is proactively preparing for a significant winter storm expected to impact the Greater Houston area starting Monday evening.

CenterPoint Energy (CNP) (CenterPoint) announced that it has reached a settlement agreement with parties to its 2024 rate

CenterPoint Energy has reached a settlement agreement with parties to its 2024 rate case for its CenterPoint Energy Houston Electric

HOUSTON — CenterPoint Energy has reached a settlement in its 2024 rate case that will lead to lower electric bills for Houston-area customers.

BMO Capital Markets updated its outlook on CenterPoint Energy (NYSE:CNP) shares by increasing the price target from $31.00 to $33.00, while maintaining a Market Perform rating. The adjustment follows recent developments in the company's rate case settlement.

Entergy Texas announced last week its Texas Future Ready Resiliency Plan, which aims to upgrade local lines and move some lines underground.