CenterPoint Energy Awaits ERCOT Decision on Freeport, Texas, Transmission Expansion

SUGAR LAND--May 8, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--The area around Freeport, Texas, remains one the busiest sites in the U.S. for large-scale industrial project activity. In addition to the area's biggest project, a $20 billion liquefied natural gas (LNG) plant, several chemical projects are also making their way into the area, necessitating increased power infrastructure for operations. CenterPoint Energy Incorporated (NYSE:CNP) (Houston, Texas) is in the process of awaiting a decision on a $250 million power transmission buildout in the area to help feed this industrial growth.