CenterPoint proposes $2B in investments to strengthen its system against extreme weather

Claire Hao | Source: Houston Chronicle | Posted 04/30/2024

Keyword Tags:

CenterPoint Energy, the electric transmission and distribution utility for the Houston area, on Monday laid out its first-ever plan to strengthen its infrastructure against extreme weather events of increasing severity and frequency.

AI generated summary

CenterPoint Energy, the electric utility for Houston, unveiled its first-ever plan to fortify its infrastructure against severe weather events, with proposed investments exceeding $2 billion between 2025 and 2027. The company intends to secure federal and state funding for part of the cost, as failure to obtain funding would lead to an increase of $3 per month on average residential electric bills. The plan includes selling its natural gas divisions to cover some initial costs.

The resiliency plan, a new optional filing with the PUC of Texas, allows utilities to recover costs for addressing severe weather, physical security, and cybersecurity risks. This initiative, permitted by House Bill 2555, aims to proactively address future risks and solicit input from the PUCT before investments are made, emphasizing long-term strategic planning over retrospective evaluation.

Link to Original Article

Please find the link to the full article below. (Please note that content provider might require a paid subscription)

Source Link: https://www.houstonchronicle.com/business/energy/article/centerpoint-extreme-weather-plan-19421019.php

Create a free trial account: Sign Up

Grid monitor is free to try. No credit card required

CenterPoint proposes $2B in investments to strengthen its system against extreme weather

AI generated summary

Link to Original Article

Create a free trial account: Sign Up

Already have an account? Login