Greater Houston Resiliency Initiative Phase Two Update: CenterPoint Energy continues delivering progress by deploying 750 automated reliability devices in January and progressing toward goal of 4,500 by June 1, 2025; technology will help reduce number of outages and their duration

Company has installed more than 11,000 stronger, more storm-resilient poles across the region in five months, in addition to clearance of more vegetation miles and undergrounding of more power lines When complete, GHRI Phase Two actions will improve reliability by saving customers more than 125 million fewer outage minutes annually , /PRNewswire/ -- Today, as part of the second phase of its Greater Houston Resiliency Initiative (GHRI), CenterPoint Energy shared its latest monthly progress update with new action milestones including the installation of more than 750 automated reliability devices, which will reduce both sustained interruptions and restoration times in storm events. CenterPoint Energy GHRI Phase Two February Update (PRNewsfoto/CenterPoint Energy) This new deployment of automated reliability technology began in January. The company plans to install 4,500 of these devices across the Greater Houston area by June 1, 2025, which are capable of "self-healing" when outages occur which will help minimize impact to customers during storm events. Since the launch of GHRI Phase Two five months ago, and in preparation for the 2025 hurricane season, CenterPoint continues to make good progress on the suite of additional resiliency actions, including new pole installations and replacements, as well as trimming thousands of miles of higher-risk vegetation in recent months. The latest program updates are available at CenterPointEnergy.com/TakingAction. In addition to the 750 automated reliability devices, in the last four weeks alone, CenterPoint has: Installed an additional approximately 1,800 more storm-resilient poles, Completed the clearance of approximately 400 more miles of power lines with high-risk vegetation, Undergrounded 40 more miles of power lines to reduce the impact of extreme weather, and Installed an additional 13 Intelligent Grid Switching Devices to minimize the impact of outages and help improve overall restoration times. When completed, the resiliency actions outlined in GHRI Phase Two are expected to lead to more than 125 million fewer outage minutes annually for customers."The many critical resiliency actions we are taking all across the Greater Houston area reflect CenterPoint's commitment to better positioning our customers and our communities to withstand the next major storm or hurricane. From installing thousands of poles and hundreds of automated reliability devices to undergrounding more power lines and trimming more hazardous areas of vegetation around our lines, our teams continue working toward our goal of building the most resilient coastal grid in the country and providing the more reliable day-to-day service that our customers expect and deserve," said Darin Carroll, Senior Vice President of CenterPoint's Electric Business.GHRI Phase Two: Significant progress to dateOn September 30, CenterPoint announced the launch of Phase Two of the GHRI, which included a series of actions to strengthen resiliency, enable a self-healing system and reduce the duration and impact of power outages. Through early February, the company has made significant advances across its Greater Houston service area, including: GHRI Phase Two: More weather monitoring stations coming soonCenterPoint teams will be taking additional actions as part of the second phase of GHRI, which runs through May 31, 2025, including establishing a network of 100 new weather monitoring stations. These improvements are on track to begin early this year and are expected to be completed before the start of the 2025 hurricane season.The company is also working to expand and improve the way it communicates with customers and engages with communities before, during and after emergencies, including through a year-round safety and preparedness campaign. CenterPoint representatives will continue to be in the community in the months leading up to hurricane season to share information on its preparedness efforts as well as preparedness tips and resources for its customers.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. As the only investor-owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Indiana, Louisiana, Minnesota, Mississippi, Ohio and Texas. With approximately 9,000 employees, CenterPoint Energy and its predecessor companies have been in business 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 our resiliency investments, and the GHRI, 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 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 speaks only as of the date of this release. 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) the impact of pandemics, including the COVID-19 pandemic; (2) financial market conditions; (3) general economic conditions; (4) the timing and impact of future regulatory and legislative decisions; 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, 2023 and CenterPoint's Quarterly Reports on Form 10-Q for the quarters ended March 31, 2024June 30, 2024 and September 30, 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

Greater Houston Resiliency Initiative Phase Two Update: CenterPoint Energy continues delivering progress by deploying 750 automated reliability devices in January and progressing toward goal of 4,500 by June 1, 2025; technology will help reduce number of outages and their duration

FAQ

Why Bullish?

How important is it?

Why Long Term?

Related Companies

Related News