ERCOT Board approves moving ahead to finalize CenterPoint Energy's emergency generation proposal
BICmagazine | Source: BicMAGAZINE | Posted 02/28/2025
As part of a commitment to help meet the State of Texas' immediate energy needs, CenterPoint Energy welcomed the approval by the Electric Reliability Council of Texas (ERCOT) Board to move ahead with finalizing CenterPoint's proposal to utilize 15 large emergency generation units to help address the state's generation shortfall concerns.
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CenterPoint Energy has received approval from the Electric Reliability Council of Texas (ERCOT) Board to proceed with its proposal to deploy 15 large emergency generation units aimed at addressing Texas' energy shortfall. This initiative, which will not generate any profit for CenterPoint, is designed to benefit the 2.8 million electric customers in the Greater Houston area by potentially lowering their monthly bills by 2027. The units are expected to be stationed in the San Antonio area by summer 2025 for a duration of up to two years.
The emergency generation units, each capable of powering around 30,000 homes, were initially acquired to mitigate the effects of extreme weather events. CenterPoint plans to offset costs for its Houston Electric customers through rate reductions and by absorbing certain expenses. The average customer using 1,000 kWh per month can anticipate a bill reduction of approximately $2 per month by 2027 as a result of this arrangement. CenterPoint's leadership emphasized the importance of this collaborative effort in addressing the state's energy needs while providing financial relief to customers.
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Source Link: https://www.bicmagazine.com/industry/powergen/ercot-board-approves-moving-ahead-to-finalize-centerpoint-proposal/
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