CenterPoint May Recoup $21M After Appeal Victory

Law360, New York (May 7, 2008, 12:00 AM EDT) -- A Minnesota appellate court's ruling Tuesday could allow a CenterPoint Energy Inc. subsidiary to collect roughly $21 million in gas acquisition costs that state regulators barred the utility from recovering.

The state Public Utility Commission was “arbitrary and capricious” in denying CenterPoint's request to collect $28 million in costs incurred over five years and limiting it to collecting the $7 million it lost in the prior year, according to a three-judge panel of the Minnesota Court of Appeals.

“The commission failed to faithfully apply its applicable...
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