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PRN CenterPoint Energy Houston Electric Reaches Rate Case Settlement

Company to reduce and freeze delivery rates, increase investments to promote energy efficiency and fund low authentic nhl jerseys income energy assistance programs

HOUSTON, July 31 /PRNewswire FirstCall/ CenterPoint Energy Houston Electric, LLC (CEHE), a wholly owned subsidiary of CenterPoint Energy, Inc. “We are always pleased when we can find common ground and work collaboratively with customers, PUC staff and elected officials rather than litigate an extended rate case, which can be costly both in dollars and in resources that can otherwise be devoted to serving our customers. The 20 parties in this case, PUC staff and company personnel have worked tirelessly to craft and successfully complete a complicated settlement.”

CEHE owns, operates and maintains the network of power lines that delivers electricity in the greater Houston area. The company does not generate electricity nor does it sell electricity authentic nfl jerseys to end use customers. Instead, it charges retail electric providers lebron james jersey a regulated price to operate and maintain the wires, poles and electric meters that make the delivery of electricity from a power plant to the end use customer possible. CEHE’s delivery charges represent about 17 percent of the typical residential bill.

“We believe this settlement benefits all parties involved,” said , senior vice president of finance and regulatory affairs scottie pippen jersey for CenterPoint Energy’s regulated operations. “It reduces electric delivery base rates, helps low income residential customers and encourages energy efficiency. CEHE benefits from the rate certainty and stability this settlement provides, enabling us to continue focusing on delivering safe and reliable electricity, while having an opportunity to earn a competitive rate of return. Settling this case also allows the company to free up resources and focus on meeting the demands of the Texas electric market.”

Although the settlement does not change the company’s depreciation rates or provide an increase in storm reserve accruals, it does permit CEHE to amortize its expenditures related to Hurricane cheap nfl jerseys Rita over a seven year period and to amortize rate case expenses associated with the pending rate review over a four year period.

During the rate freeze, rates remain subject to adjustments for changes related to certain transmission costs, implementation of the PUC’s recently adopted change to its Competition Transition Charge rule and certain other matters.

In addition to settling the rate case, the settlement also resolves all issues related to the remand of CenterPoint Energy’s 2001 unbundled cost of service proceeding by providing $32 million in wholesale and retail rate credits over approximately four years.

CenterPoint Energy, Inc., headquartered in Houston,mlb jersey 050, Texas, is a domestic energy delivery company that includes electric transmission distribution, natural gas distribution, competitive natural gas sales and services, and pipeline and field services operations. The company serves more than five million metered customers primarily in Arkansas, Louisiana, Minnesota, Mississippi,cheap nfl jerseys, Oklahoma, and Texas. Assets total approximately $16 billion. With about 9,cheap nfl jerseys,000 employees, CenterPoint Energy and its predecessor companies have been in business for more than 130 years.

This news release includes forward looking statements. Actual events and results may differ materially from those projected. You can generally identify forward looking statements by the words “believe,cheap nfl jerseys,” “will,” “expect” or other similar words. Factors that could affect actual results include the timing and impact of future regulatory and legislative decisions, effects of competition,ty lawson jersey 582, weather variations, changes in CenterPoint Energy’s business plans, financial market conditions and other factors discussed in the Annual Reports on Form 10 K for the year ended December 31, 2005 and the Quarterly Reports on Form 10 authentic mlb jerseys Q, filed with the Securities and Exchange Commission by CenterPoint Energy, Inc. and CenterPoint Energy Houston Electric, LLC.

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