CenterPoint Increases Capital Spending Plan By 18 Percent

January 9, 2018

 

CenterPoint Energy has a new capital spending plan for the next five years totaling $8.3 billion.

That’s an 18% increase in the 2018-2022 period, when compared the company’s previous planned capital budget for 2017-2021.

The higher capital investment is driven by the company’s growth, grid hardening and reliability along with regulatory requirements, CenterPoint said.

The new capital forecast includes the previously-announced Freeport transmission line project at a cost of $250 million.

The Electric Reliability Council of Texas approved that project on December 12, 2017.