By Vallari Srivastava (Reuters) -Electric and gas utility CenterPoint Energy said on Tuesday it expects total costs to restore facilities damaged by Hurricane Beryl to be in the range of $1.2 billion to $1.

In the days that followed the storm, officials and residents alike turned their eyes to the Houston area’s electric utility, CenterPoint Energy. Texans criticized the company for failing to prepare adequately for the storm,

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.