CenterPoint Energy announces multi-year Systemwide Resiliency Plan

CenterPoint Energy (CNP) submitted its enhanced Systemwide Resiliency Plan, which is expected to reduce the impact of storm-related outages by over 1.3B minutes for its 2.8M customers into 2029. The plan represents the largest single grid resiliency investment in the company’s history. CenterPoint’s 2026-2028 SRP will build on the progress made during the first two phases of the company’s Greater Houston Resiliency Initiative, and is designed to help address the impacts of a wide range of extreme weather threats, including more powerful storms, hurricanes, wind events like derechos, flooding, extreme temperatures, tornadoes, wildfires and winter storms. A rate case for Houston Electric occurs approximately once every four years and is part of an open and transparent regulatory process in which rates are set by the PUCT. “As the energy capital of the world, the residents of the Greater Houston area expect and deserve an electric system that is safe, reliable, cost-effective and resilient when they need it most. We’re determined to deliver just that. Our Systemwide Resiliency Plan represents an historic investment and is a major step on our strategic roadmap to becoming the most resilient coastal grid in the country. The array of resiliency actions will provide customers with clear benefits now and in the future, is cost-effective, and will build on the progress we’ve already made to date through the Greater Houston Resiliency Initiative. Taken together, we believe that these resiliency actions will help create a future with fewer outages coupled with faster restoration times for the customers that we are privileged to serve,” said Jason Wells, President and Chief Executive Officer of CenterPoint Energy. CenterPoint’s $5.75B Systemwide Resiliency Plan is a historic investment in the grid and will help reduce hundreds of millions of outage minutes per year caused by extreme weather. Given the importance of reducing the future impact of major extreme weather events, the combined actions outlined in the SRP will help avoid outages for more than 500,000 customers in the event of another Hurricane Beryl-like storm, while also helping to improve restoration and response times during such events. When complete, the SRP is also expected to save customers a projected cost of approximately $50M in storm-related costs per year.