Texas lawmakers introduce bill to recover $997M from Centerpoint Energy mischarges

The Senate Committee on Business and Commerce convened on April 3, 2025, to discuss significant financial measures related to Centerpoint Energy. A key focus of the meeting was a bill that includes a disgorgement provision aimed at recovering $997 million that Centerpoint planned to collect from customers for non-mobile generation units.

During the discussions, it was revealed that by the end of this month, $480 million of that amount will have already been collected. The proposed plan outlines that this $480 million will be returned to customers. Furthermore, additional filings with the Public Utility Commission (PUC) are expected, which will ensure that the remaining balance of $9.97 million will not be passed on to customers. Instead, this amount will be absorbed by the shareholders of Centerpoint.

This meeting highlighted the committee's commitment to protecting consumers from excessive charges while holding utility companies accountable for their financial practices. The next steps will involve monitoring the PUC filings to ensure compliance with the proposed repayment plan.