Greater Houston Resiliency Initiative Progress Update: CenterPoint Energy Makes Significant Advances on Critical Resiliency Actions

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Nov 19, 2024, 18:27 ET

Company has installed or replaced nearly 4,600 stronger storm-resilient poles; cleared more than 800 miles of higher-risk vegetation; undergrounded more than 100 miles of power lines; and installed dozens of new, intelligent grid switching devices

HOUSTON, Nov. 19, 2024 /PRNewswire/ -- CenterPoint Energy today released the first of its public progress updates on the actions being taken throughout the Greater Houston 12-county area as part of Phase Two of its Greater Houston Resiliency Initiative (GHRI). In the first two months of the program, and in preparation for the 2025 hurricane season, CenterPoint has installed nearly 4,600 storm-resilient poles designed to better withstand extreme winds; installed more than 100 miles of power lines underground to reduce the impact of extreme weather; cleared more than 800 miles of hazardous vegetation to improve reliability; and installed more self-healing automation devices to help improve overall restoration times. CenterPoint is taking all of these actions and enhancements as part of the company's goal of building the most resilient coastal grid in the nation.

"This summer, we accomplished a significant level of increased system hardening in the first phase of the Greater Houston Resilience Initiative. Since then, as we have been fully engaged in delivering the additional set of actions in our second phase of GHRI, we continue to make significant progress as we work toward our ultimate goal of becoming the most resilient coastal grid in the country. Now, and in the months to come, we will remain laser-focused on completing these critical resiliency actions and building the more reliable and more resilient energy system our customers expect and deserve," said Darin Carroll, CenterPoint Energy Senior Vice President of CenterPoint Energy's Electric Business.

GHRI Phase Two: Progress Update
CenterPoint announced on September 30 the launch of Phase Two of the GHRI, which included a series of actions to strengthen resiliency, enable a self-healing grid and reduce the duration and impact of power outages. Through early November, significant progress has been made across its service area, including:

GHRI Phase Two: Looking Ahead
As part of the second phase of GHRI, which runs through May 31, 2025, CenterPoint teams will be taking additional actions including: installing 4,500 automated reliability devices to minimize sustained interruptions during major storm events and reduce restoration times; and establishing a network of 100 new weather monitoring stations. This part of GHRI Phase Two is set to begin in early 2025. The company plans to complete each of these actions before the start of the next hurricane season.

When completed, the actions outlined as part of GHRI Phase Two will lead to more than 125 million fewer outage minutes annually for customers. The company is also continuing to expand and improve the way it communicates with customers and engages with communities before, during and after emergencies, including through a year-round safety and preparedness campaign.

Post-Beryl Commitments: Completed Ahead of Schedule
In addition to this Phase Two GHRI work, CenterPoint announced last week that it has completed all 42 of the critical actions the company committed to taking in the aftermath of Hurricane Beryl to immediately strengthen the electric system and improve its storm response. These initial improvements included:

Trimming or removing higher-risk vegetation from more than 2,000 power line miles
Installing more than 1,100 stronger, more storm-resilient poles
Installing more than 300 automated devices to reduce sustained outages
Launching a new, cloud-based outage tracker
Improving CenterPoint's Power Alert Service to provide better customer information
Hosting listening sessions across the service area and using feedback to inform the company's storm response plans

CenterPoint will continue to provide updates on its progress toward completing all of its GHRI commitments. For more information and real-time updates, visit CenterPointEnergy.com/TakingAction.

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About CenterPoint Energy, Inc.
As the only investor-owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Indiana, Louisiana, Minnesota, Mississippi, Ohio and Texas. With approximately 9,000 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.

Forward-looking Statements
This news release, as well as the website pages related to the GHRI, includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this news release or the website pages related to the GHRI, the words "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "goal," "intend," "may," "objective," "plan," "potential," "predict," "projection," "should," "target," "will" or other similar words are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding our resiliency investments, and the GHRI, including effectiveness, timing and related matters, are based upon assumptions of management which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. Actual events and results may differ materially from those expressed or implied by these forward-looking statements. Any statements in this news release or the website pages related to the GHRI regarding future events that are not historical facts are forward-looking statements. Each forward-looking statement contained in this news release, or the website pages related to the GHRI speaks only as of the date of this release. Important factors that could cause actual results to differ materially from those indicated by the provided forward-looking information include risks and uncertainties relating to: (1) the impact of pandemics, including the COVID-19 pandemic; (2) financial market conditions; (3) general economic conditions; (4) the timing and impact of future regulatory and legislative decisions; and (5) other factors, risks and uncertainties discussed in CenterPoint Energy's Annual Report on Form 10-K for the fiscal year ended December 31, 2023 and CenterPoint's Quarterly Reports on Form 10-Q for the quarters ended March 31, 2024 and June 30, 2024 and other reports CenterPoint Energy or its subsidiaries may file from time to time with the Securities and Exchange Commission.

For more information, contact:
Communications
[email protected]

SOURCE CenterPoint Energy, Inc