CenterPoint Energy has announced a significant boost to its ten-year capital investment strategy, with an additional $500m allocated to address the surging power demand.
This is the third increase in 2025, with total additional investment reaching $5.5bn, bringing the overall ten-year plan up to $53bn through to 2030.
The company is serving more than seven million customers across six US states, including Texas, where demand is particularly strong.
CenterPoint has observed a substantial 6GW rise in its interconnection queue since its first quarter earnings call in 2025. This supports its projection of 50% load growth by 2031.
In the second quarter (Q2) of 2025, CenterPoint reported net income of $198m or $0.30 per diluted share on a generally accepted accounting principles (GAAP) basis, compared to a decrease from Q2 of 2024, which stood at $0.36 per diluted share.
Non-GAAP earnings per share (EPS) for Q2 of 2025 were also down at $0.29 compared to the same period of the previous year, when the figure was $0.36 per share.
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By GlobalDataCenterPoint president and CEO Jason Wells stated: “I’m incredibly proud of our teams as they have worked to deliver about a year and a half’s worth of work since last summer as part of the Greater Houston Resiliency Initiative.
“We’ve met all our Phase II public commitments on time or ahead of schedule, and we are on a positive path forward as we work to build and operate the most resilient coastal grid in the nation. Our customers are already seeing the benefits with nearly 50% fewer outage minutes in the first six months of 2025 compared to 2024. This is great progress, and we aren’t done yet”.
The company cited several factors for these results: an unfavourable variance of $0.01 per share due to growth and rate recovery timing issues associated with interim capital mechanisms not being available during recent rate case activities that have now largely concluded.
Despite these challenges, CenterPoint maintains its non-GAAP EPS guidance range for the full year 2025 between $1.74 and $1.76, a midpoint target representing an 8% annual growth over the full year 2024.
It will continue to aim for mid-to-high end annual non-GAAP EPS growth within 6.8% annually to the end of 2030.
Wells added: “While our focus has been on resiliency, we are not losing sight of the incredible pace of diverse growth our service territories continue to experience, especially those in Texas. This year alone, we have increased our capital investment plan by $5.5bn, including the $500m increase we announced today.”
“Even though we are taking a conservative approach to this growth, we continue to see an upward bias towards investment opportunities that are not yet reflected in our current plan.
“We believe these opportunities, combined with our ability to efficiently finance and a lighter regulatory calendar over the next few years, are strong tailwinds that we will incorporate into our refreshed ten-year plan that we’re excited to share by the end of September [2025].”
