CenterPoint Energy (CNP) submitted its enhanced Systemwide Resiliency Plan, which is expected to reduce the impact of storm-related outages by over 1.3B minutes for its 2.8M customers into 2029.

In a report released today, David Arcaro from Morgan Stanley maintained a Hold rating on Centerpoint Energy (CNP – Research Report), with a price target of $32.00. The company’s shares closed ...

FILE PHOTO: The headquarters of natural gas and power utility CenterPoint Energy is seen in Houston, Texas, U.S. September 27, 2020. Picture taken September 27, 2020.

CenterPoint Energy is seeking to invest $5.75 billion to strengthen its Houston-area power grid against extreme weather from 2026 to 2028, according to a Friday afternoon announcement.