CenterPoint Energy Completes Greater Houston Resiliency Initiative (GHRI) Core Resiliency Actions and Announces Bold Series of Additional Resiliency Actions, Including $5 Billion in Proposed Investments
CenterPoint Energy has completed core resiliency actions ahead of schedule as part of its Greater Houston Resiliency Initiative (GHRI). The company announced a bold series of additional resiliency actions, including a proposed $5 billion investment from 2026 to 2028, potentially doubling its prior planned investment. This represents the largest investment in Greater Houston infrastructure in the company's nearly 160-year history.
CenterPoint's plan includes immediate, near-term, and longer-term actions. The company has already completed installing over 300 automation devices, 1,000 stronger poles, and trimming vegetation from more than 2,000 miles of power lines. Near-term actions will focus on further strengthening grid resiliency, improving communications, and strengthening partnerships. The company aims to build the most resilient coastal grid in the country.
CenterPoint also proposed to forego $110 million in profits to address concerns about temporary emergency generation. The company remains committed to customer affordability and will conduct an independent assessment of the benefits and costs of these investments.
CenterPoint Energy ha completato azioni fondamentali per la resilienza in anticipo rispetto al programma nell'ambito della sua Greater Houston Resiliency Initiative (GHRI). L'azienda ha annunciato una serie audace di ulteriori azioni di resilienza, tra cui un investimento proposto di 5 miliardi di dollari dal 2026 al 2028, che potrebbe raddoppiare il suo precedente investimento programmato. Questo rappresenta il più grande investimento nelle infrastrutture della Greater Houston nella quasi 160enne storia dell'azienda.
Il piano di CenterPoint include azioni immediate, a breve termine e a lungo termine. L'azienda ha già completato l'installazione di oltre 300 dispositivi di automazione, 1.000 pali più robusti e la potatura della vegetazione da oltre 2.000 miglia di linee elettriche. Le azioni a breve termine si concentreranno sul rafforzamento della resilienza della rete, sul miglioramento delle comunicazioni e sul rafforzamento delle partnership. L'azienda punta a costruire la rete costiera più resiliente del paese.
CenterPoint ha anche proposto di rinunciare a 110 milioni di dollari di profitti per affrontare preoccupazioni riguardanti la generazione di emergenza temporanea. L'azienda rimane impegnata nella sostenibilità dei costi per i clienti e condurrà una valutazione indipendente dei benefici e dei costi di questi investimenti.
CenterPoint Energy ha completado acciones fundamentales de resiliencia antes de lo previsto como parte de su Greater Houston Resiliency Initiative (GHRI). La compañía anunció una serie audaz de acciones adicionales de resiliencia, incluyendo una inversión propuesta de 5 mil millones de dólares desde 2026 hasta 2028, que podría duplicar su inversión planificada anterior. Esto representa la mayor inversión en infraestructura de Greater Houston en la historia de casi 160 años de la compañía.
El plan de CenterPoint incluye acciones inmediatas, a corto plazo y a largo plazo. La compañía ya ha completado la instalación de más de 300 dispositivos de automatización, 1,000 postes más robustos y la poda de vegetación de más de 2,000 millas de líneas eléctricas. Las acciones a corto plazo se centrarán en fortalecer aún más la resiliencia de la red, mejorar las comunicaciones y fortalecer las asociaciones. La compañía tiene como objetivo construir la red costera más resiliente del país.
CenterPoint también propuso renunciar a 110 millones de dólares en beneficios para abordar preocupaciones sobre la generación de emergencia temporal. La compañía sigue comprometida con la asequibilidad para los clientes y realizará una evaluación independiente de los beneficios y costos de estas inversiones.
CenterPoint Energy는 Greater Houston Resiliency Initiative (GHRI)의 일환으로 핵심 회복력 조치를 조기 완료했습니다. 이 회사는 2026년부터 2028년까지 50억 달러의 투자 제안을 포함한 추가적인 대담한 회복력 조치를 발표했습니다. 이는 회사의 거의 160년 역사에서 Greater Houston 인프라에 대한 가장 큰 투자입니다.
CenterPoint의 계획은 즉각적인 조치, 단기 조치 및 장기 조치를 포함합니다. 회사는 이미 300개 이상의 자동화 장치, 1,000개의 더 강한 기둥을 설치하고 2,000마일 이상의 전력선에서 식물 관리를 완료했습니다. 단기 조치는 전력망 회복력 강화, 통신 개선 및 파트너십 강화에 중점을 둡니다. 이 회사는 국가에서 가장 회복력 있는 해양 전력망을 구축하는 것을 목표로 하고 있습니다.
CenterPoint는 또한 임시 비상 발전과 관련된 문제를 해결하기 위해 1억 1천만 달러의 이익을 포기할 것을 제안했습니다. 이 회사는 고객의 재정적 부담을 고려하여 이러한 투자에 대한 이점과 비용을 독립적으로 평가할 것입니다.
CenterPoint Energy a terminé des actions fondamentales de résilience en avance sur le calendrier dans le cadre de son Greater Houston Resiliency Initiative (GHRI). La société a annoncé une série audacieuse d'actions de résilience supplémentaires, y compris un investissement proposé de 5 milliards de dollars de 2026 à 2028, qui pourrait doubler son investissement prévu antérieur. Cela représente le plus grand investissement dans l'infrastructure de Greater Houston dans l'histoire de près de 160 ans de l'entreprise.
Le plan de CenterPoint comprend des actions immédiates, à court terme et à long terme. L'entreprise a déjà installé plus de 300 dispositifs d'automatisation, 1 000 poteaux plus robustes et a élagué la végétation de plus de 2 000 miles de lignes électriques. Les actions à court terme se concentreront sur le renforcement de la résilience du réseau, l'amélioration des communications et le renforcement des partenariats. L'entreprise vise à construire le réseau côtier le plus résilient du pays.
CenterPoint a également proposé de renoncer à 110 millions de dollars de profits pour répondre aux inquiétudes concernant la génération d'urgence temporaire. L'entreprise reste engagée en faveur de l'accessibilité pour les clients et procédera à une évaluation indépendante des avantages et des coûts de ces investissements.
CenterPoint Energy hat grundlegende Resilienzmaßnahmen vorzeitig abgeschlossen im Rahmen seiner Greater Houston Resiliency Initiative (GHRI). Das Unternehmen kündigte eine mutige Reihe zusätzlicher Resilienzmaßnahmen an, darunter eine vorgeschlagene Investition von 5 Milliarden Dollar von 2026 bis 2028, die möglicherweise die zuvor geplante Investition verdoppelt. Dies stellt die größte Investition in die Infrastruktur von Greater Houston in der fast 160-jährigen Geschichte des Unternehmens dar.
Der Plan von CenterPoint umfasst sofortige, kurzfristige und langfristige Maßnahmen. Das Unternehmen hat bereits über 300 Automatisierungsgeräte, 1.000 stabilere Masten installiert und die Vegetation von mehr als 2.000 Meilen Stromleitungen zurückgeschnitten. Kurzfristige Maßnahmen konzentrieren sich auf die weitere Stärkung der Resilienz des Netzes, die Verbesserung der Kommunikation und die Stärkung von Partnerschaften. Das Unternehmen hat sich zum Ziel gesetzt, das resilienteste Küstennetzwerk des Landes zu bauen.
CenterPoint hat auch vorgeschlagen, 110 Millionen Dollar an Gewinnen zu verzichten, um Bedenken hinsichtlich der vorübergehenden Notstromversorgung auszuräumen. Das Unternehmen bleibt der Erschwinglichkeit für die Kunden verpflichtet und wird eine unabhängige Bewertung der Vorteile und Kosten dieser Investitionen durchführen.
- Completion of core resiliency actions ahead of schedule
- Proposed $5 billion investment in infrastructure from 2026 to 2028
- Installation of over 300 automation devices and 1,000 stronger poles
- Vegetation management for more than 2,000 miles of power lines
- Proposal to forego $110 million in profits to address emergency generation concerns
- Commitment to customer affordability with relatively flat rates over the past 10 years
- Acknowledgment of communication issues regarding the cost and limitations of large-scale temporary emergency generation units
Insights
CenterPoint Energy's announcement of its Greater Houston Resiliency Initiative (GHRI) and proposed
Key points to consider:
- The initiative aims to create the most resilient coastal grid in the country, which could provide a competitive advantage.
- The proposal to forego
$110 million in profits shows commitment to stakeholders but may impact short-term financials. - The focus on grid resilience aligns with increasing concerns about extreme weather events, potentially reducing future outage-related costs.
While the investment is significant, the long-term benefits in terms of reduced outages and maintenance costs could outweigh the initial expenditure. Investors should monitor the regulatory approval process and the impact on the company's financial metrics.
CenterPoint Energy's ambitious
- Potential impact on capital structure and debt levels to fund the investment
- The proposal to forego
$110 million in profits, which is more than50% of equity earnings from temporary emergency generation leases - Relatively flat customer rates over the past decade, indicating potential for future rate increases to support investments
The company's commitment to affordability and third-party assessment of benefits and costs is prudent. However, investors should closely monitor how this massive investment will affect the company's financial ratios, dividend policy and overall return on invested capital. The regulatory environment and potential rate case outcomes will be important in determining the financial viability of this initiative.
CenterPoint's announcement has significant regulatory implications:
- The proposed
$5 billion investment will require regulatory approval, likely involving a complex rate case - The company's proactive approach to grid resilience aligns with regulatory priorities post-Winter Storm Uri
- The commitment to stakeholder engagement and transparency in developing the resiliency plan is a positive regulatory strategy
The proposal to forego
Proposal reflects largest investment in
"We have heard the call to action from our customers and elected officials, and we are responding with bold actions. Our defining goal, going forward, is this: to build the most resilient coastal grid in the country that can better withstand the extreme weather of the future. To achieve this ambition, we will undertake a historic level of resiliency actions and investment, because this is what the people of the
CenterPoint's Plan of Action
CenterPoint's resiliency plans include a series of immediate, near- and longer-term actions, some of which the company has already begun, including the immediate first phase of GHRI.
Immediate Actions: Completed Ahead of Schedule
CenterPoint undertook a series of actions as part of the first phase of its GHRI to immediately strengthen the electric system and address heightened risks posed by the current hurricane season. During this phase, more than 2,500 employees and contractors were mobilized and, as of August 27, the company has successfully completed all three core resiliency actions ahead of schedule, including:
- Installing more than 300 automation devices to help reduce the impact of outages during storms; (completed on 08/11/24)
- Installing more than 1,000 stronger poles that can withstand more powerful winds (completed on 08/20/24); and
- Trimming and/or removing hazardous vegetation from more than 2,000 miles of power lines (completed on 08/27/2024)
In addition to this immediate resiliency work, CenterPoint has completed 39 of the 42 critical actions previously identified as part of its broader GHRI plan. To learn more about this immediate phase of progress, please visit CenterPointEnergy.com/TakingAction.
Near-Term Actions (September 1 to June 1, 2025)
CenterPoint will launch the near-term phase of its resiliency actions on September 1, which will include additional actions to further: 1) strengthen grid resiliency, 2) improve public and customer communications and 3) strengthen local, community and emergency partnerships in preparation for this winter and before the 2025 hurricane season. Actions, such as further hardening of the grid, a year-round campaign on safety, and joint preparedness exercises with local emergency management offices, are outlined in the attached letter to lawmakers. The company will provide a more detailed work plan and schedule for this second phase of actions by September 30.
Longer-Term Actions (2026-2028)
As part of its longer-term strategy, CenterPoint will also propose investing approximately
Addressing Temporary Emergency Generation Concerns
In its letter to lawmakers, the company also committed to evaluating the role of large-scale temporary emergency generation and apologized to lawmakers for not communicating more clearly to them about the cost and the limitations of such large-scale units as it worked to find solutions and protect Texans from the devastating impacts of extreme winter weather in the months following Winter Storm Uri. CenterPoint is undertaking a series of actions to address this issue, including a proposal to forego approximately
Reinforcing Commitment to Customer Affordability
CenterPoint remains committed to affordability, as reflected by the fact that customer rates that pay for the Transmission & Distribution system have remained relatively flat over the past 10 years. CenterPoint will continue to prioritize affordability, including by conducting an independent third-party assessment of the benefits and costs of these longer-term investments.
Additional details on CenterPoint's actions are outlined in the attached letter sent to elected officials today.
About CenterPoint Energy, Inc.
As the only investor-owned electric and gas utility based in
Forward-looking Statements
This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this news release, the words "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "goal," "intend," "may," "objective," "plan," "potential," "predict," "projection," "should," "target," "will" or other similar words are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding our resiliency investments, timing, forgoing profits and related matters, are based upon assumptions of management which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. Actual events and results may differ materially from those expressed or implied by these forward-looking statements. Any statements in this news release regarding future events that are not historical facts are forward-looking statements. Each forward-looking statement contained in this news release speaks only as of the date of this release. Important factors that could cause actual results to differ materially from those indicated by the provided forward-looking information include risks and uncertainties relating to: (1) the impact of pandemics, including the COVID-19 pandemic; (2) financial market conditions; (3) general economic conditions; (4) the timing and impact of future regulatory and legislative decisions; and (5) other factors, risks and uncertainties discussed in CenterPoint Energy's Annual Report on Form 10-K for the fiscal year ended December 31, 2023 and CenterPoint's Quarterly Reports on Form 10-Q for the quarters ended March 31, 2024 and June 30, 2024 and other reports CenterPoint Energy or its subsidiaries may file from time to time with the Securities and Exchange Commission.
For more information, contact:
Communications
Media.Relations@CenterPointEnergy.com
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SOURCE CenterPoint Energy
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