CenterPoint to propose $5B for Houston grid resilience, forego profits from mobile generation lease

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CenterPoint Energy has announced plans for a $5 billion investment in improving grid resilience in the Houston area. This decision comes after the utility received criticism for its response to Hurricane Beryl, which left a large number of customers without power. The company has also pledged to forego some profits related to the lease of large mobile generators and is focusing on implementing various measures to enhance grid reliability, such as replacing wooden poles with stronger fiberglass ones and increasing vegetation management efforts.

In response to recent events, CenterPoint Energy has launched the "Greater Houston Resiliency Initiative" and completed core resiliency actions ahead of schedule. The utility's President and CEO, Jason Wells, emphasized the company's commitment to building the most resilient coastal grid in the country. Looking ahead, CenterPoint Energy plans to propose additional investments in infrastructure aimed at creating a smarter grid that can better withstand various risks. The company aims to present this proposal to the Public Utility Commission of Texas by January 31, 2025.