CenterPoint's 4.9% natural gas rate hike OK’d, more coming

  • Article by: David Shaffer , Star Tribune
  • Updated: September 12, 2013 - 11:03 PM

More CenterPoint Energy increases are in the offing to pay for upgrades to aging pipeline network.

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brianjapanSep. 12, 1310:58 AM

Thank You, why not? Everything else has gone up.

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naseth12Sep. 12, 1311:21 AM

Why? Are they delivering the gas better or more efficiently? If the product (delivery) isn't improved, how do they justify the increase?

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jim4848Sep. 12, 1311:26 AM

Use less pay more, see it's supply and demand.

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nogophersSep. 12, 1311:27 AM

Wait a minute. I'm all for posting profits, but there is such a glut of NG out there, how can a price increase be necessary?

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Gregc02Sep. 12, 1311:34 AM

I notice that the service charge for homes is going up by $7.00 per month, but they claim the average customer will only see a $2.75 increase. Something is (intentionally) wrong with their math! I think they've averaged in all the commercial customers who use more gas compared to the basic charge. All of us residential customers will see a $7.00 increase!

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SwiftBoatSep. 12, 1311:46 AM

Your bill is made up of two components, one, the cost of the gas, this fluctuates with market demand, and the cost to deliver, upkeep, and billing.

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WHIMSEYSep. 12, 1311:46 AM

In the North Dakota oil fields they burn off thousands of dollars off natural gas every day. What is wrong with this picture?

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dlzabzSep. 12, 1311:54 AM

Keep repeating to yourself, there is no inflation, there is no inflation, that I don't get a raise doesn't matter because there is no inflation.

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BVMannSep. 12, 1312:33 PM

key phrase:...."located in Houston", home of the former Enron Energy Corp. Pretty much says it all. CenterPoint's track record of buying out successful, customer service-oriented smaller gas companies (see: Minnegasco) & cutting back service is well-documented in previous Strib articles. Hopefully MnPUC isn't in their pocket as well.

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sek2undrstndSep. 12, 13 1:20 PM

The dividend for Centerpoint Energy has risen from 6 cents a share in November of 2005 to 20.75 cents a share in August of 2013. Who do you think pays for the extra dividend money going to stockholders? I respectfully ask the Minnesota PUC to stop allowing the utility to raise rates until they drop their dividends back down to 2005 levels and give ratepayers the resultant savings.

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