StockNews.AI
CNP
StockNews.AI
104 days

Greater Houston Resiliency Initiative Phase Two Update: CenterPoint Energy completes nearly 90% of critical resiliency actions to strengthen the grid ahead of 2025 hurricane season

1. CenterPoint completed 90% of grid resiliency improvements ahead of hurricane season. 2. 21,975 stronger poles and 401 miles of underground lines have been installed. 3. Actions will reduce outages by over 125 million minutes annually. 4. GHRI improvements aim to enhance reliability during extreme weather events. 5. Company on track to finish all GHRI commitments by June 1.

9m saved
Insight
Article

FAQ

Why Bullish?

CenterPoint’s infrastructure upgrades indicate operational efficiency and customer reliability improvements, which typically attract investors. Past initiatives of similar nature have generally improved stock performance due to enhanced service levels and customer satisfaction.

How important is it?

Given that the report outlines significant infrastructure improvements, there is a strong link to increased reliability and customer satisfaction, which can enhance investor sentiment.

Why Short Term?

The completion of the resiliency project before hurricane season will immediately enhance operational reliability, potentially leading to improved customer retention and satisfaction, impacting short-term stock performance positively.

Related Companies

EDDTEPCG
Over the last eight months, CenterPoint has installed 21,975 stronger, more storm-resilient poles; undergrounded 401 miles of power lines; added 4,472 automation devices; cleared 3,741 miles of high-risk vegetation; and installed 84 weather monitoring stations around the Greater Houston area100% of strategic undergrounding goal completed ahead of scheduleCompany on pace to complete historic suite of Greater Houston Resiliency Initiative actions by June 1, which will improve reliability for customers and reduce outages by more than 125 million minutes annually, /PRNewswire/ -- Today, as part of the second phase of the Greater Houston Resiliency Initiative (GHRI), CenterPoint Energy announced that it has completed nearly 90 percent of all planned grid resiliency improvements ahead of hurricane season. CenterPoint has completed or is on track to finish key actions by June 1 including installing 25,000 stronger, storm-resilient poles; undergrounding 400+ miles of power lines; adding 4,850 automated devices capable of self-healing; clearing 4,000 miles of higher-risk vegetation; and installing 100+ advanced weather monitoring stations across the Greater Houston area.  GHRI Phase Two progress update: April As previously announced this week, the company has completed its undergrounding goal of installing 400 miles of underground power lines ahead of schedule. Overall, these resiliency actions are expected to reduce outages for customers by more than 125 million minutes annually.  "As part of our ongoing resiliency efforts and preparations for hurricane season, the CenterPoint team has reached another key milestone in our Greater Houston Resiliency Initiative. Through the end of April, we've completed nearly 90 percent of our overall grid resiliency improvements, from installing stronger poles and automation devices to clearing hazardous vegetation and undergrounding power lines, and we're on track to finish this critical work before June 1. The actions we are taking today to build a more resilient and reliable grid will enable us to better serve our customers when powerful storms and other extreme weather strike," said Nathan Brownell, CenterPoint's Vice President of Resilience and Capital Delivery. CenterPoint completing all GHRI resiliency actions by June 1Since launching Phase Two of the GHRI in September 2024, CenterPoint has made progress on the historic series of critical resiliency improvements across the Greater Houston area. Over the last month alone, the company has completed the following actions: Installing an additional 4,442 stronger, more storm-resilient poles built to withstand extreme winds; Undergrounding another 52 miles of power lines to improve overall resiliency; Installing 1,086 more automated reliability devices to reduce the impact of outages and improve restoration times; Clearing an additional 822 miles of higher-risk vegetation near power lines to reduce storm-related outages; and Installing 84 weather monitoring stations to improve situational awareness and storm preparation. CenterPoint will continue to provide updates on its progress toward completing its critical resiliency actions and other GHRI commitments. More information and real-time updates are available at CenterPointEnergy.com/TakingAction.About CenterPoint Energy, Inc. CenterPoint Energy, Inc. (NYSE: CNP) is a multi-state electric and natural gas delivery company serving approximately 7 million metered customers across Indiana, Minnesota, Ohio, and Texas. The company is headquartered in Houston and is the only Texas-domiciled investor-owned utility. As of March 31, 2025, the company had approximately $44 billion in assets. With approximately 8,300 employees, CenterPoint Energy and its predecessor companies have been serving customers for more than 150 years. For more information, visit CenterPointEnergy.com.Forward-looking statementsThis news release, as well as the website pages related to the GHRI, includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this news release or the website pages related to the GHRI, 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 the GHRI and longer-term resiliency plans, including effectiveness, timing 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 or the website pages related to the GHRI and other emergency preparations regarding future events that are not historical facts are forward-looking statements. Each forward-looking statement contained in this news release or the website pages related to the GHRI, including expected benefits, speaks only as of the date of this release or the date that such statement is made, as applicable. 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) business strategies and strategic initiatives, restructurings, joint ventures, acquisitions or dispositions of assets or businesses involving CenterPoint Energy or its industry; (2) CenterPoint Energy's ability to fund and invest planned capital, and the timely recovery of its investments; (3) financial market and general economic conditions; (4) the timing and impact of future regulatory, legislative and political actions or developments; 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, 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[email protected]SOURCE CenterPoint Energy WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

Related News