Centerpoint Energy
The Texas PUC declined to issue final orders in rate cases involving CenterPoint Energy and AEP Texas, but it did approve several other rate recoveries.
CenterPoint Energy’s third-quarter earnings surged more than 57% thanks to record electricity usage this summer, the company reported.
CenterPoint Energy beat both analysts’ expectations and its performance a year ago by reporting second-quarter earnings of $165 million ($0.33/share).
CenterPoint Energy reported that mild weather that reduced customers’ power usage drove first-quarter earnings down to $140 million ($0.28/share).
The Public Utility Commission of Texas (PUCT) approved a certificate of convenience and necessity for CenterPoint’s proposed 345-kV project near Houston.
OGE Energy reported a 2018 third-quarter earnings of $205 million, while CenterPoint Energy reported earnings of $153 million.
ERCOT told the Public Utility Commission of Texas that it will produce “higher quality estimates” for CenterPoint Energy's proposed transmission project.
The PUCT signaled its discomfort with the rising costs of CenterPoint Energy’s planned 345-kV transmission line to serve load in the Freeport area.
The Public Utility Commission of Texas approved a settlement agreement reducing AEP Texas’ annual revenue requirement by $27 million.
CenterPoint Energy reported a second-quarter loss of $75 million ($0.17/share), compared to a profit of $135 million ($0.31/share) a year earlier.
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