CenterPoint Reports Earnings Growth, Advanced Meters Pilot Project in 2026
Article excerpt
CenterPoint reports earnings growth, advanced meters Pilot Project in 2026. CenterPoint Energy, the Houston-based gas and electric utility company, has reported net income of $293 million for the third quarter of 2025, as compared to $193 million for the same quarter last year. Company officials attribute he earnings surge to rate case recoveries and a decrease in operations and management expenses. Accelerated restoration work in 2024 for severe storms that did not repeat in 2025 contributed to its O&M savings, according to CenterPoint. During a oct. 23 call with analysts, the company also provided additional details of its recently announced 10-year capital investment plan that it values at $65 billion. Officials said they now foresee its capital spending could increase further - by an additional $10 billion through 2035. This extra spending potentially would pay for next generation smart meter deployment, as detailed below. The company also said that it may seek to bury power lines and that likewise could add to its infrastructure spending. But even without those additions, CenterPoint will spend an estimated $7 billion for capital projects in 2026, $7 billion in 2027, $7 billion in 2028, $6 billion in 2029 and $6 billion in 2030. Most of that spending is associated with CenterPoint's gas and electric holdings in Texas. Driving much of the contemplated spending...
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Advanced Meter Pilot Project During their call with investors, CenterPoint officials also revealed plans to launch an advanced meter pilot program next year, with potential implementation of new meters beginning in 2027.
