February cold snap could cost CenterPoint customers additional $354, plus interest
March 17, 2021
CenterPoint Energy is proposing to spread the cost of a colossal natural gas price spike - $354 per household on average - over two years to help cushion the blow to Minnesota consumers and the company itself.
The deep freeze that paralyzed Texas last month ignited U.S. wholesale gas prices, leaving Minnesota's gas utilities with huge bills that they will pass down to ratepayers. CenterPoint residential customers could see their annual gas bill rise by about 50%.
"That's astronomical," said Annie Levenson-Falk, executive director of the Citizens Utility Board of Minnesota, a ratepayer watchdog group.