WJTV News Channel 12 - CenterPoint Rate Increase

CenterPoint Rate Increase

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Jackson -

Rates are going up for CenterPoint's natural gas customers in Mississippi.
   
The Mississippi Public Service Commission approved a rate increase Thursday that will cost the average CenterPoint residential customer an additional $1.58 a month. The average small commercial customer will pay about $4 more per month.
   
The company says rates increase beginning Friday.
   
The regulatory body adjusts rates annually for Houston-based CenterPoint Energy, which has 122,000 Mississippi customers. This year's adjustment found the company was making a much lower return on its investment than it's normally allowed, prompting a boost in base charges.
   
The minimum customer charge for residents will rise from $9.77 to $10.55 a month. Customers will pay 13.2 cents per 100 cubic feet of gas to help maintain pipes and cover company overhead, up from 11.2 cents.

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