Scott E. RozzellThank you, David, and good morning to everyone. Houston Electric's first quarter performance was excellent. This year's operating income exceeded the first quarter of last year despite mild weather and the impact of rates implemented last September, which reduced operating income by $11 million. Revenues were bolstered by continued customer growth, a modest increase in usage, return associated with the recovery of true-up proceeds, and increased ancillary revenues, primarily from right away leases. Altogether, the quarter was $2 million favorable to last year.
CenterPoint Energy's CEO Discusses Q1 2012 Results - Earnings Call Transcript
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