PSC Says "No" to CenterPoint's Request for Rate Increase - KAIT Jonesboro, AR - Region 8 News, weather, sports

Little Rock, AR

PSC Says "No" to CenterPoint's Request for Rate Increase

SEPTEMBER 20, 2005 - Posted at 7:53 a.m. CDT

 

LITTLE ROCK, AR - The Arkansas Public Service Commission has denied a request by CenterPoint Energy to raise natural gas rates in Arkansas and told the utility to cut its revenue by $11.5 million.

The ruling came after ten months of filings.  The utility says it will appeal the PSC ruling.  The appeal would first go to the Arkansas Court of Appeals.

CenterPoint had originally sought a rate increase of $34 million per year but trimmed it to less than half that sum after state auditors looked at CenterPoint's finances.

Auditors said CenterPoint violated state rules and kept poor records.

The ruling affects what CenterPoint can charge for gas transmission.  The rate for the natural gas itself is expected to be high this winter due to supply disruptions brought by Hurricane Katrina.

(The Associated Press contributed to this report.)

  • Region 8 News</span><a class="customMoreLink" href="/Global/category.asp?C=4391" target="_top">More >></a>Region 8 NewsMore>>

  • Eight arrested in parole/probation searches in Poinsett County

    Eight arrested in parole/probation searches in Poinsett County

    Thursday, June 21 2018 6:03 PM EDT2018-06-21 22:03:23 GMT
    Thursday, June 21 2018 10:50 PM EDT2018-06-22 02:50:00 GMT
    (Source: KAIT)(Source: KAIT)
    (Source: KAIT)(Source: KAIT)

    The searches, which were done by Poinsett County deputies and officers with the Arkansas Community Correction Department, were done in the Lepanto, Marked Tree and Payneway areas on June 20. 

    The searches, which were done by Poinsett County deputies and officers with the Arkansas Community Correction Department, were done in the Lepanto, Marked Tree and Payneway areas on June 20. 

  • Local ball park association adding soccer league

    Local ball park association adding soccer league

    Thursday, June 21 2018 9:11 PM EDT2018-06-22 01:11:32 GMT
    Thursday, June 21 2018 10:48 PM EDT2018-06-22 02:48:48 GMT
    Leachville Ball Park Association will offer soccer this year. (Source: KAIT-TV)Leachville Ball Park Association will offer soccer this year. (Source: KAIT-TV)

    The Leachville Ball Park Association will now offer soccer for area kids.

    The Leachville Ball Park Association will now offer soccer for area kids.

  • Employees of Skinny J's give back to Northeast Arkansas Humane Society

    Employees of Skinny J's give back to Northeast Arkansas Humane Society

    Thursday, June 21 2018 8:05 PM EDT2018-06-22 00:05:51 GMT
    Thursday, June 21 2018 10:45 PM EDT2018-06-22 02:45:08 GMT
    (Source: KAIT-TV)(Source: KAIT-TV)
    (Source: KAIT-TV)(Source: KAIT-TV)

    An employee at a local business decided to help some four legged friends.

    An employee at a local business decided to help some four legged friends.

Powered by Frankly