CenterPoint Energy's 10-Year, $43 Billion Capital Plan Well Under Way
February 20, 2023--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--CenterPoint Energy Incorporated (NYSE:CNP) (Houston, Texas) is two years into a 10-year, $43 billion capital program--and that program could grow an additional $3 billion, company officials told investors on an earnings call February 17.
The 10-year capital plan runs from 2021-2030. Through 2030, CenterPoint told investors, it will invest more than $26 billion in its electricity business and more than $17 billion in its gas business. The potential $3 billion addition to the existing planned capital expenditures (capex) is expected to go toward increased and accelerated commercial and industrial customer electrification; accelerated electric-vehicle adoption; and additional grid-modernization projects.
