CenterPoint Plans to Spend $65 Billion Over 10 Years

CenterPoint Energy Inc. plans to invest a record $65 billion through 2035 based on an expectation of significant growth in electric demand, especially in Texas.

The company forecasts peak electric load demand for its Houston utility to increase by nearly 50% by 2031, with the figure also poised to double to nearly 42 gigawatts by the middle of the next decade.