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State Wants CenterPoint Energy to Cut Rate Hike

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The Minnesota Commerce Department wants state utility regulators to cut CenterPoint Energy's proposed natural gas rate increase almost in half.

CenterPoint is seeking approval of a $44 million rate increase.

The agency says the proposed 87% increase in the basic monthly charge for residential customers from $9 to $15 , would amount to rate shock.

They say $9.50 a month should be sufficient.

A CenterPoint spokeswoman says the company is evaluating the recommendations and will respond in December.