CenterPoint Energy Announces A Comprehensive Suite of New Actions Of Greater Houston Resiliency Initiative To Strengthen The Electric Grid Across The Region; Beyond Near-Term Actions Of GHRI Phase Two, Co Will Refile Its Long-Term Resiliency Plan With PUCT On Or Before January 31, 2025; Co Will Also Propose Investing At Least $5B From 2026-2028
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CenterPoint Energy is enhancing its Greater Houston Resiliency Initiative by refiling a long-term plan with the PUCT by January 2025, proposing a $5 billion investment from 2026-2028 to strengthen the electric grid against extreme weather and other risks.
September 30, 2024 | 5:28 pm
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CenterPoint Energy is set to refile its long-term resiliency plan with the PUCT by January 2025, proposing a $5 billion investment from 2026-2028 to enhance the electric grid's resilience in Greater Houston.
The announcement of a significant $5 billion investment in grid resilience is likely to positively impact CenterPoint Energy's stock in the short term as it demonstrates a commitment to infrastructure improvement and risk mitigation, which can enhance investor confidence.
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