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CenterPoint Energy, Inc. is an American utility company based in Houston, Texas, that provides electric and natural gas utility to customers in several markets in the American states of Indiana, Ohio, Louisiana, Minnesota, Mississippi, and Texas.
In 1984, DP&L, TESCO, and TP&L merged as divisions of a new principal subsidiary, Texas Utilities Electric Company. In 1999, the company was renamed TXU Corp., positioning itself as a multinational energy company, eventually competing in electricity markets on three continents: Australia, Europe and North America. [5]
To cover debt incurred due to high natural gas prices, utilities outside Texas have had to raise prices. Oklahoma Natural Gas is charging customers up to $7.80 per month for the next 25 years to securitize its costs of $1.4 billion during the crisis. [138] The natural gas industry reaped a windfall profit of $11 billion during the crisis. [22]
Frustration mounts with Houston utility provider. The crisis comes more than three years after massive power outages hit the state. In February 2021, a deep freeze killed more than 200 people and ...
Two Houston homeowners are seeking answers after a municipal water tank burst, flooding their homes. With insurance claims denied and the utility district citing government immunity, they may need ...
Houston, Texas issued a boil water notice on Sunday night for over 2.2 million people after a power outage occurred at three water treatment facilities on Sunday morning. Residents of Houston ...
In 2003, Houston Industries was split into three companies. The power plants went to Texas Genco, CenterPoint Energy took over the distribution system, and the retail and wholesale electricity business became Reliant Energy. [28] In 2006, NRG Energy bought Texas Genco from a group of private equity firms for roughly $5.9 billion. [29]
In 2013, the Texas Legislature added water utility regulation to the agency's responsibilities. [ 6 ] Since the introduction of competition in both the local and long distance telecommunications markets and the wholesale and retail electric markets, the PUC has also played an important role in overseeing the transition to competition and ...