CenterPoint Energy Expands 10-Year Investment Plan to $70.7 Billion

CenterPoint Energy expanded its 10-year investment program to $70.7 billion, adding $4 billion to its capital plan to meet customer demand and rapid development in Greater Houston. The company projects a rate base compound annual growth rate exceeding 14% through 2030.

In a Form 8-K filing with the United States Securities and Exchange Commission, the company raised its 2026 non-GAAP earnings guidance to between $1.90 and $1.92 per diluted share, with a 2027 range of $2.07 to $2.09. For the third quarter, the company reported a net income of $331 million, or $0.50 per diluted share.

CEO Jason Wells stated that the growth is expected to save residential and commercial customers in Texas approximately $5 billion over the next decade. The company continues to serve metered customers across Texas, Indiana, and Minnesota.