Proposal reflects largest investment in Greater Houston infrastructure in the company's nearly 160-year history and includes a proposal to forego $110 million in profits
HOUSTON, Aug. 28, 2024 /PRNewswire/ -- CenterPoint Energy today announced the completion, ahead of schedule, of core resiliency actions as part of the first phase of its Greater Houston Resiliency Initiative (GHRI) – which included a series of targeted actions to improve the resiliency of CenterPoint Houston Electric's grid this hurricane season. In addition, in a letter to lawmakers, the company also announced the boldest series of resiliency actions in its history, including: (1) a second phase of GHRI, which will include system hardening, strategic undergrounding, self-healing grid technology and further enhancements to the company's outage tracker; and (2) a longer-term proposal – which will be filed after discussions with stakeholders, elected officials, and customers – of approximately $5 billion in resiliency investment from 2026 to 2028, potentially doubling its prior planned investment.
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