Fri, Aug 2, 10:07 AM (88 days ago)
On August 1, 2024, CenterPoint Energy Houston Electric, LLC, an indirect subsidiary of CenterPoint Energy, Inc., announced the withdrawal of two key regulatory applications: its general rate case and its system resiliency plan. These applications were initially filed with the Public Utility Commission of Texas (PUCT) in March and April 2024, respectively. The withdrawal is intended to allow the company to focus on addressing the impacts of Hurricane Beryl and to accelerate preparedness for the upcoming storm season. CenterPoint Energy Houston Electric plans to conduct a broader assessment of system resiliency opportunities and intends to refile a subsequent system resiliency plan in the future. The company reaffirmed its previously announced non-GAAP earnings guidance. This information was disclosed in a press release and filed with the SEC as part of an 8-K report. The withdrawal of these applications may impact the company's financial position and stock value, particularly in the context of its ongoing efforts to enhance system resiliency.