CenterPoint Energy plans to withdraw its 2024 rate case filing with the Public Utilities Commission of Texas (PUC).
The announcement follows CEO Jason Wells admission to Texas lawmakers on Monday that the company planned to pass on its costs for Hurricane Beryl by asking for a rate increase.
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In a statement released by the company late Thursday, CenterPoint said the decision to withdraw a previous rate increase request was centered around rebuilding trust with the community and wanting to focus on improving resiliency around Houston as the hurricane season continues.
The company recently provided a new outage map, which can be found here.
“We are acting urgently to strengthen our resiliency, improve our communications and emergency coordination,” CenterPoint CEO and President Jason Wells said in the aforementioned statement. “We believe any delay or distraction from this mission is unacceptable. Our company’s collective focus for the remainder of this hurricane season will be on being ready: that is our mission. Nothing is more important than being ready for the next hurricane and rebuilding the trust of the community we are privileged to serve.”