CenterPoint Power Pronounces a Complete Suite of New Actions as A part of Second Section of Larger Houston Resiliency Initiative to Strengthen the Electrical Grid Throughout the Area

Close to-term actions will embody:

• Putting in 25,000 new, stronger poles
• Eradicating or trimming 4,000 miles of higher-risk vegetation
• Putting in 4,500 automated reliability units

Actions shall be accomplished forward of the 2025 hurricane season.

HOUSTON, Sept. 30, 2024 /PRNewswire/ —  At the moment, CenterPoint Power (NYSE:) introduced a complete suite of latest actions as a part of the subsequent part of its Larger Houston Resiliency Initiative (GHRI), together with strengthening the power system and operations over the subsequent eight months and earlier than the beginning of the 2025 hurricane season. These in depth near-term actions will: construct on the work CenterPoint accomplished within the first part of the GHRI, proceed to strengthen resiliency, enhance its communications and develop stronger partnerships, and assist reinforce its electrical system because it prepares for each the upcoming winter season and the 2025 hurricane season.

The actions in GHRI Section Two will assist allow a self-healing grid, cut back the size and frequency of outages and result in greater than 125 million fewer outage minutes yearly for purchasers within the Larger Houston space. Work shall be accomplished forward of the 2025 hurricane season, or June 1, 2025, and can embody:

• Putting in new or changing 25,000 poles that meet excessive wind requirements
• Trimming or eradicating higher-risk vegetation throughout 4,000 miles of energy traces
• Putting in 4,500 automation units, often called journey savers, and 350 Clever Grid Switching Units as a part of our effort to construct a self-healing grid that makes use of automation to reply to outages sooner
• Undergrounding greater than 400 miles of energy traces
• Launching a year-round public emergency preparedness and security communications marketing campaign
• Strengthening our native partnerships with businesses and companions crucial to our emergency response efforts

“We all know how vital dependable and resilient power is to our 2.8 million prospects and that the Larger Houston area is the financial engine for the State of Texas and the power capital of the world. That’s the reason we’re so centered on modernizing our infrastructure as we work towards our purpose of constructing probably the most resilient coastal grid within the nation that may serve the power wants of Houstonians for years to come back,” stated Jason Wells, President and CEO of CenterPoint.

“We’re happy with the rapid resiliency enhancements we delivered throughout Section One of many Larger Houston Resiliency Initiative and these actions have been solely the start. We now have set formidable targets to attain even additional enhancements to our resiliency earlier than the 2025 hurricane season. We’re dedicated to creating the self-healing grid of the longer term that our prospects anticipate and deserve,” stated Wells.

The actions CenterPoint has taken, and can proceed to take, are designed to handle its prospects’ main considerations following Hurricane Beryl by lessening the impression and period of storm-related outages, enhancing its restoration efforts and communications, whereas additionally advancing the day-to-day reliability of its grid. Since August 17, CenterPoint has held 19 group open homes for its prospects and group advocates, in addition to quite a few listening periods with native officers and group leaders to assist make sure the Section Two actions handle stakeholder considerations.

CenterPoint will observe its progress in the direction of finishing all of its GHRI commitments at www.CenterPointEnergy.com/TakingAction.

Persevering with the Momentum of GHRI Section One
On August 28, CenterPoint introduced that it had accomplished, forward of schedule, a sequence of core resiliency actions as a part of the primary part of its GHRI. Throughout this preliminary part, greater than 2,500 workers and contractors trimmed or eliminated higher-risk vegetation from greater than 2,000 energy line miles, put in greater than 1,100 stronger, extra storm-resilient poles and put in greater than 300 automated units often called journey savers. Along with the launch of its new outage tracker and the completion of 40 of its authentic 42 commitments, together with all of these with a deadline on or earlier than September 30, these actions signify significant, real-world resiliency enhancements for its prospects this hurricane season.

Longer-Time period Dedication to Resiliency and Funding
Past the near-term actions of GHRI Section Two, CenterPoint will refile its long-term resiliency plan with the PUCT on or earlier than January 31, 2025. The purpose of the long-term resiliency plan is to mitigate a broad spectrum of dangers that threaten its system by hardening key points of the infrastructure, enhancing the safety of the grid and constructing a better grid that may fight excessive climate, main storms and hurricanes to cut back the impression of outages skilled by its prospects and mitigate wildfire danger.

As a part of the long-term plan, CenterPoint may even suggest investing at the very least $5 billion from 2026 to 2028 “ the biggest funding in Larger Houston infrastructure within the firm’s almost 160-year historical past. The at the very least $5 billion is a part of CenterPoint’s new capital funding plan that features greater than $21 billion in whole capital funding in its Texas electrical and fuel techniques from 2025 by means of 2030, exceeding its present plan.

About CenterPoint Power, Inc.
As the one investor-owned electrical and fuel utility based mostly in Texas, CenterPoint Power, Inc. (NYSE: CNP) is an power supply firm with electrical transmission and distribution, energy technology and distribution operations that serve greater than 7 million metered prospects in Indiana, Louisiana, Minnesota, Mississippi, Ohio and Texas. With roughly 9,000 workers, CenterPoint Power and its predecessor firms have been in enterprise for greater than 150 years. For extra data, go to CenterPointEnergy.com.  

Ahead-looking Statements
This information launch, in addition to the web site pages associated to the GHRI, consists of forward-looking statements throughout the which means of the Personal Securities Litigation Reform Act of 1995. When used on this information launch or the web site pages associated to the GHRI, the phrases “anticipate,” “imagine,” “proceed,” “might,” “estimate,” “anticipate,” “forecast,” “purpose,” “intend,” “could,” “goal,” “plan,” “potential,” “predict,” “projection,” “ought to,” “goal,” “will” or different related phrases are meant to determine forward-looking statements. These forward-looking statements, which embody statements relating to our resiliency investments, and the GHRI, together with effectiveness, timing and associated issues, are based mostly upon assumptions of administration that are believed to be cheap on the time made and are topic to vital dangers and uncertainties. Precise occasions and outcomes could differ materially from these expressed or implied by these forward-looking statements. Any statements on this information launch or the web site pages associated to the GHRI relating to future occasions that aren’t historic information are forward-looking statements. Every forward-looking assertion contained on this information launch or the web site pages associated to the GHRI speaks solely as of the date of this launch. Essential components that would trigger precise outcomes to vary materially from these indicated by the offered forward-looking data embody dangers and uncertainties referring to: (1) the impression of pandemics, together with the COVID-19 pandemic; (2) monetary market situations; (3) common financial situations; (4) the timing and impression of future regulatory and legislative choices; and (5) different components, dangers and uncertainties mentioned in CenterPoint Power’s Annual Report on Kind 10-Okay for the fiscal yr ended  December 31, 2023  and CenterPoint’s Quarterly Stories on Kind 10-Q for the quarters ended  March 31, 2024  and  June 30, 2024  and different reviews CenterPoint Power or its subsidiaries could file every now and then with the Securities and Change Fee.

For extra data, contact:
Communications
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