CenterPoint Energy reaches settlement agreement on SRP

CenterPoint Energy (CNP) announced that it has reached a settlement agreement with parties to its 2026-2028 Systemwide Resiliency Plan, SRP. Subject to Public Utility Commission of Texas review and approval, the SRP represents the largest single grid resiliency investment in CenterPoint’s history and is expected to reduce the impact of storm-related outages by nearly 1 billion for its 2.8 million customers by 2029. CenterPoint’s 2026-2028 SRP will build on the progress made during the first two phases of the company’s Greater Houston Resiliency Initiative and is designed to further address the impacts of a wide range of extreme weather threats, including more powerful storms, hurricanes, wind events like derechos, flooding, extreme temperatures, tornadoes, wildfires and winter storms.