CenterPoint Energy customers will see between $2 and $206 added to their bills to help fund road projects.
CenterPoint Energy customers in Golden Valley will start seeing a new fee on their bills this month. The City Council approved a new franchise fee in January in order to pay for infrastructure repairs. The new fees will be $2 for residential customers, $3.50 for small commercial properties, $22.50 for larger commercial/industrial properties, and $206 for commercial/industrial properties with dual fuel rates. City officials expect the new fee to bring in $447,000 annually. Among the projects that will benefit from the money will be: Click here to learn more about the new franchise fee.
A proposed CenterPoint Energy franchise fee would help fund needed infrastructure repairs and cost residents about $2 more each month.
On Dec. 18, the Golden Valley City Council will listen to feedback from residents at a public hearing about a proposed CenterPoint Energy franchise fee that would help fund local infrastructure projects. If the fee is approved, Golden Valley will other cities that have franchise fees, like nearby Hopkins and St. Louis Park. In a statement released by the City of Golden Valley on Dec. 5, Director of Public Works Jeannine Clancy said that the fee system would begin in April and CenterPoint Energy would add the following flat fees to Golden Valley customers’ monthly bills: "The proposed CenterPoint franchise fee is expected to provide approximately $447,000 in annual revenue, which will not be enough to address the city’s infrastructure …