CenterPoint Energy announces $5B grid resiliency plan for 2026-2028, to forego $110M profit

CENTERPOINT ENERGY INC

Completed first phase GHRI ahead of schedule: installed 300+ automation devices, 1,000+ stronger poles, trimmed vegetation on 2,000+ miles.
Second phase starts Sep 1 includes system hardening, undergrounding, self-healing tech.
Proposed $5B investment from 2026-2028, largest in company's history, to be filed with PUCT by Jan 31, 2025.
Company will forego ~$110M in profit: $70M storm hardening expenses absorbed, $40M equity profit foregone.
Reaffirms previously announced non-GAAP earnings guidance.

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