CenterPoint seeks electricity rate increases

August 11, 2010 7:36:55 PM PDT
The city of Houston will not let CenterPoint Energy raise its electricity rates -- at least not yet. In June, the company asked to raise rates about $5.50 a month for an average household.

Mayor Annise Parker says the city needs to study the issue more to make sure the increase is justified.

The city will hold two public meetings to get input.