Bunker Hill Village City Council to discuss proposed energy rate hike
The Bunker Hill Village City Council will be holding a regular meeting and public hearing on tonight to discuss the proposed energy rate hike.
The meeting will be held at the City Hall Council Chamber at 11977 Memorial Drive in Houston at 5 p.m.
Bunker Hill, which is part of a coalition of cities, announced it is seeking a nearly $150 million rate cut from CenterPoint. The cities, which include Galveston, Dickinson, Sugar Land and others, are adopting ordinances this month that call for the rate reduction.
Evidence collected by the city coalition suggests CenterPoint may be seeking that extra money to offset its investment losses and to boost its earnings. The proposed rate hike would add an estimated $111 million each year to the companys coffers.
CenterPoint Energy, which serves about 2 million electric customers in the Houston-Galveston area, proposed a base rate increase for delivery charges of approximately $76 million in late June. The rate-filing package also supports an increase of $18 million for wholesale transmission customers.
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