During a July 24 call with analysts, the company reported an increase in its 10-year capital investment plans by approximately $5.5 billion.
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CenterPoint Energy, the Houston-based gas and electric utility company, has reported net income of $198 million for the second quarter of 2025, as compared to $228 million for the same quarter last year.
Company officials attributed its earnings drop to vegetation management expenditures, the timing of interim rate cases, and other factors.
During a July 24 call with analysts, the company also reported an increase in its 10-year capital investment plans by approximately $5.5 billion. That’s an 11.6 percent increase from the previously planned $47.5 billion at the end of last fiscal year to $53 billion now. Under the new plan, the company proposes spending $37.3 billion on its electric system and $15.5 billion on its natural gas system.
CenterPoint said that more than 80 percent of its capital spending will be funded through interim rate mechanisms, such as the Distribution Cost Recovery Factor and Transmission Cost of Service mechanisms for its Texas electric holdings, and the Gas Reliability Infrastructure Program for its gas holdings.
Driving much of the contemplated expenditure growth is the massive jump in energy demand due to the rise of data centers, increased residential consumption and resiliency spending. Peak load served by the company’s Texas electric utility totaled about 21 gigawatts in 2024. The company projects a 48 percent increase — to an estimated 31 GW — by 2031.
CenterPoint also said that it is liquidating its Ohio business in a transaction that should be finalized no later than 2026. Its Texas holdings will comprise 70 percent of the company after the sale. The company will use proceeds from the Ohio sale to fund some of its expansion plans.
Regarding its Texas electric holdings, the company reported a $123 million increase in annual revenues in July from a Distribution Cost Recovery Factor filing, a $64 million increase in April due to a Transmission Cost of Service filing, and a $47 million decrease in April from a general rate case.
Regarding its Texas gas holdings, the company reported a $70 million increase in revenues in June due to an interim Gas Reliability Infrastructure Program filing and a $15 million increase expected in September because of tax rider filing.