CenterPoint Energy announces $65B, 10-year investment plan

CenterPoint Energy (CNP) announced a transformative 10-year plan aimed at advancing economic growth, enhancing the experience of customers, and delivering consistent value to all stakeholders across the jurisdictions it serves. Continued economic development is anticipated to drive significant growth in electric demand over the next decade, especially in Texas. In its Houston Electric business, CenterPoint reiterated that it is forecasting electric peak load demand to increase by nearly 50% to nearly 31GWs by 2031 and announced that it now forecasts peak demand to double to nearly 42GWs by the middle of the next decade. To support this unprecedented forecasted demand, the company has expanded its customer-driven capital investment plan to a record $65B through 2035, which represents an increase of nearly 40% compared to the capital plan introduced at its 2021 Analyst Day. In addition to the core plan, more than $10B of incremental investment opportunities have been identified that could further improve customer outcomes.