ENERGY NEWS .

Sep. 25, 2021

NOTICE OF CENTERPOINT ENERGY’S REQUESTED GAS RATE INCREASE

NOTICE OF CENTERPOINT ENERGY’S REQUESTED GAS RATE INCREASE

CenterPoint Energy Resources Corp., D/B/A CenterPoint Energy Entex, CenterPoint Energy Arkla, and CenterPoint Texas Gas (“CenterPoint”), filed an application with the Texas Railroad Commission (the state agency with regulatory oversight authority over Texas gas utilities) to recover CenterPoint’s extraordinary costs incurred in connection with the February 2021 Winter Storm Uri. This notice is being provided to you by the City of Houston to advise of additional details.

CenterPoint’s application seeks relief in the amount of $1.14 Billion in regulatory assets. CenterPoint proposes to recover this cost over a 10-year period. If this proposed relief is granted to CenterPoint, the impact to an average residential gas customer’s bills will be an increase of approximately 11% each month over the 10-year period. This proposed impact is based on average customer usage, specifically an average monthly Mcf usage of 3.40 with an average monthly bill of $38.50.

If this proposed relief is not granted to CenterPoint, CenterPoint alternatively seeks to recover its $1.14 Billion in regulatory assets through its Purchase Gas Adjustment (PGA) over a 3-year period. If the proposed alternative relief is granted to CenterPoint, the impact to the bills of an average residential customers will be a monthly increase of approximately 43% over the 3-year period. This proposed impact is also based on average customer usage, specifically an average monthly Mcf usage of 3.40 with an average monthly bill of $38.50.
CenterPoint’s application is currently pending before the Railroad Commission. The evidentiary hearing on the application is scheduled for November 2-3, 2021.

The Commission is scheduled to consider the application for a final order at its December 7, 2021 open meeting.

The Railroad Commission also has the following three open meetings scheduled before the merits hearing on CenterPoint’s application: September 28, 2021, October 12, 2021, and October 26, 2021. More information can be found at https://www.rrc.texas.gov/general-counsel/open-meetings/.

The public is free to attend any open meeting, including those before the evidentiary hearing on CenterPoint’s application.
 
 
Aug. 11, 2021

A Step in the Right Direction: Equatorial Guinea’s Minister of Mines and Hydrocarbons Issues a Mandate for Oil and Gas Worker Vaccinations


In a bid to ensure the protection of oil and gas industry workers, as well as increase operations and production across the sector, the Minister is driving an effective vaccination rollout for all hydrocarbon workers in Equatorial Guinea.



Equatorial Guinea is leading the way in maintaining prevention measures and ensuring operational safety within the oil and gas sector with the Minister of Mines and Hydrocarbons (MMH), H.E. Gabriel Mbaga Obiang Lima, issuing a mandate during a virtual meeting this month for all oil and gas workers to be vaccinated against the coronavirus. The mandate has been enforced in order to drive the country’s vaccination rollout program, ensuring increased operations and production across the hydrocarbons sector while safeguarding workers against the virus.



H.E. Gabriel Obiang Lima remains committed to expanding the country’s oil and gas sector while at the same time mitigating the spread of the virus. By requiring all oil and gas workers, including both national and expatriate employees to be vaccinated, the MMH is paving the way for other industries to put the safety of their workers first.



“It is forbidden for unvaccinated individuals to work on onshore or offshore facilities. They are public servants and must be protected,” stated H.E. Gabriel Obiang Lima in the virtual meeting.



Despite experiencing relatively low COVID-19 cases compared to other African countries, Equatorial Guinea’s oil and gas sector suffered significant impacts from the pandemic throughout 2020 and into 2021. With Equatorial Guinea prioritizing its vaccination rollout program – the country has received a shipment of 500,000 Sinopharm vaccines from China at the end of June 2021 with more expected to follow – the oil and gas sector is driving progress.



Additionally, in the virtual meeting, the MMH and the Ministry of Health and Social Welfare have requested an increase in the number of weekly flights to Equatorial Guinea, specifically for the oil and gas sector. Requested through the Political Committee of Surveillance Against COVID-19, the MMH is focused on boosting oil and gas productivity while maintaining the safety of employees. By working with the Committee, and driving their own vaccination rollout program, the MMH is making significant progress in positioning the country as an African vaccination leader.

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Mar. 7, 2021
Mar. 7, 2021
Mar. 7, 2021