Houston Public MediaIt took a matter of hours, maybe even minutes, for Hurricane Beryl to knock out power for more than 2.2 million customers in the Houston region. Residents might have to spend 15 years paying for the restoration costs incurred by CenterPoint.
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CenterPoint wants $1 billion-plus Hurricane Beryl recovery costs to be covered by Houston-area customers
The utility company told investors during a Tuesday conference call that its total restoration costs for the hurricane and derecho windstorm in May are estimated to be at least $1.6 billion, which likely will result in a 2% increase to customers' bills for a period of 15 years.