Core Viewpoint - CenterPoint Energy has announced a settlement agreement for its 2026-2028 Systemwide Resiliency Plan (SRP), which is the largest grid resiliency investment in the company's history, aimed at reducing storm-related outages for its 2.8 million customers by nearly 1 billion minutes by 2029 [1][5][8] Investment and Financial Summary - The SRP involves a revised investment of over $3 billion in the electric distribution system, with more than $240 million in costs deferred until the second half of 2029 to minimize customer bill impacts [5][7] - The average residential customer will see an increase of approximately $1.40 per month from 2026 to 2028, with an additional $0.60 in 2030 [7][10] Resiliency Actions - The SRP will enhance the electric distribution system by implementing automation devices capable of self-healing, installing 130,000 stronger poles, and modernizing underground cables [8][14] - The plan builds on previous phases of the Greater Houston Resiliency Initiative (GHRI) and addresses various extreme weather threats, including hurricanes and flooding [2][4] Customer and Community Impact - The SRP is designed to benefit customers across a 12-county service area, particularly in higher-risk areas, and aims to meet the growing energy needs of the population, which is expected to increase by about 2% annually [11][12] - CenterPoint conducted extensive community engagement, including 30 meetings, to gather feedback for the SRP, ensuring it aligns with customer needs and priorities [12] Historical Context - CenterPoint Energy has been serving customers for over 150 years and currently serves approximately 7 million metered customers across multiple states, with total assets of about $44 billion as of March 31, 2025 [13]

Core Insights - CenterPoint Energy has completed all key actions of the Greater Houston Resiliency Initiative (GHRI) Phase Two ahead of the 2025 hurricane season, demonstrating a commitment to enhancing energy infrastructure reliability [1][2][3] Group 1: GHRI Phase Two Achievements - Over the last 10 months, the company installed more than 26,000 stronger, storm-resilient poles and undergrounded over 400 miles of power lines [1][6] - The addition of 5,150 automation devices and the clearing of more than 6,000 miles of higher-risk vegetation are significant steps taken to improve grid resiliency [1][6] - The installation of 100 weather monitoring stations enhances situational awareness and storm preparation in the Greater Houston area [1][6] Group 2: Impact on Reliability - These resiliency actions are expected to reduce outages for customers by more than 125 million minutes annually [1][2] - The proactive measures taken by the company strengthen its ability to deliver reliable service to the Houston and Gulf Coast regions [4] Group 3: Future Plans - CenterPoint Energy plans to announce an updated approach for GHRI for the remainder of 2025 and beyond in early June [4][5] - The company emphasizes that it will continue to work on further improvements throughout the summer and the rest of the year [4]

Core Insights - CenterPoint Energy has made significant progress in its Greater Houston Resiliency Initiative (GHRI), completing nearly 90% of planned grid resiliency improvements ahead of the hurricane season [1][3][4] - The company has achieved its strategic undergrounding goal by installing 400 miles of underground power lines ahead of schedule, which is expected to reduce outages by more than 125 million minutes annually [2][3] - Key actions include the installation of stronger, storm-resilient poles, automation devices, and advanced weather monitoring stations, all aimed at enhancing grid reliability and resilience [1][4] Summary by Categories Resiliency Improvements - CenterPoint has installed 21,975 stronger poles, undergrounded 401 miles of power lines, added 4,472 automation devices, and cleared 3,741 miles of high-risk vegetation [1] - The company is on track to complete the installation of 25,000 stronger poles and 4,850 automated devices by June 1 [1][3] Goals and Achievements - The strategic undergrounding goal has been completed 100% ahead of schedule [1] - The overall resiliency actions are projected to reduce outages for customers by over 125 million minutes annually [2][3] Future Plans - CenterPoint will continue to provide updates on its progress toward completing its resiliency actions and other GHRI commitments [4]