CenterPoint unveils $65 billion capital spending plan over next 10 years

Group 1: Capital Spending and Growth Plans - CenterPoint Energy plans to invest $65 billion in capital spending from 2026 through 2035 to meet surging power demand driven by data centers and electrification of industries [1] - The company intends to spend $4 billion on new projects to support growth in Texas, which is experiencing rapid development in data centers and energy-intensive industries [4] Group 2: Earnings Forecast - CenterPoint raised its annual adjusted earnings per share (EPS) forecast to a range of $1.75 to $1.77, which is 9% higher at the midpoint compared to the previous year [2] - The company expects its 2026 adjusted EPS to target at least the midpoint of the range of $1.89 to $1.91 [2] Group 3: Power Demand Projections - Power demand from U.S. data centers is projected to nearly triple in the next three years, potentially consuming up to 12% of total electricity produced [3] - CenterPoint anticipates electric peak load demand will increase by about 50% to nearly 31 gigawatts (GWs) by 2031, with peak power demand expected to double by the middle of the next decade [3] Group 4: Customer Base - CenterPoint delivers electricity and natural gas to over 7 million customers across several states, including Indiana, Louisiana, Minnesota, Mississippi, Ohio, and Texas [5]