Texas Gas Service Company and CenterPoint Energy Resources have filed notices to increase gas rates for customers in Austin, largely due to capital investments. The City Council aims to temporarily suspend these rate changes, but a significant decrease in proposed increases is unlikely. Small residential customers could see an increase from $18 to $21.36 per month, while small commercial charges may rise from $60 to $72.88. CenterPoint has invested over $446 million in local infrastructure, emphasizing the need for cost recovery through higher rates.
Texas Gas Service Company and CenterPoint Energy Resources plan to increase gas rates in Austin to recover costs of capital investments, significantly impacting customer charges.
The proposed increases for small residential customers will see charges rise from $18 to $21.36 per month, representing an 8.12% increase in their monthly billing.
CenterPoint Energy's infrastructure investment in the area surpasses $446 million, with Austin customers facing a significant share of those costs through proposed rate hikes.
Although the City Council will review the proposed rate changes, it's unlikely they will substantially alter the increases, with rate adjustments poised to significantly affect local consumers.
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