370,000 utility customers getting a refund 18 May 12

MINNEAPOLIS (AP) – About 370,000 CenterPoint Energy customers will get a small refund.

The utility experimented with a tiered rate system that was designed to reward customers who used less natural gas. In some cases, a customer’s monthly meter reading period exceeded 32 days. That gave them an artificially high gas bill under the program, which had five escalating price tiers.

The company says a one-time refund will average $3.45 per customer and will show up on the next bill.

The Star Tribune (http://bit.ly/MqTTj3) says CenterPoint suspended the tiered program last October.

Information from: Star Tribune, http://www.startribune.com

Copyright 2012 The Associated Press.