(The Center Square) – After top executives met with Gov. Greg Abbott on Thursday, CenterPoint Energy announced it was withdrawing its request with the Public Utility Commission of Texas to have ratepayers cover its costs and make a profit.

The announcement came four days after a Texas Senate hearing where Republicans and Democrats were united in their resolve to ensure customers’ weren’t socked with higher electric bills. They also expressed their shared commitment to hold accountable the multi-billion-dollar company for not restoring power to more than two million residents in the Houston area for up to two weeks after a Category 1 hurricane hit on July 8.