# CenterPoint Raises 10-Year Capital Plan to $70.7 Billion

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/42243
Published: 2026-10-28T02:03:28.000Z
Updated: 2026-10-28T02:03:28.000Z
Section: Business

> The company shifted $1.5 billion of spending into 2026-30 and projects annual non-GAAP EPS growth in the middle to high end of its 7%-9% range through 2030.

CenterPoint Energy set its 2026-35 capital plan at $70.7 billion, $4 billion above its previous total, and moved $1.5 billion of investment into 2026-30 to address customer demand in Greater Houston.

The company forecasts enterprise rate-base growth at a compounded annual pace above 14% through 2030. It also has at least $10 billion in additional capital investment opportunities identified through 2035.

“We continue to see accelerated growth opportunities across Greater Houston,” Jason Wells, CenterPoint’s chair, president and CEO, said.

The company estimates that Texas households and businesses will save about $5 billion over the next decade. As of Sept. 30, 2026, the utility served nearly 7 million metered customers in Indiana, Minnesota and Texas.

The new plan follows a July update that put the 10-year total at $66.7 billion, after a $1.2 billion increase. At that time, the company’s 2026 non-GAAP earnings-per-share guidance was $1.89-$1.91.

CenterPoint raised its 2026 non-GAAP EPS range to $1.90-$1.92 and introduced a 2027 range of $2.07-$2.09. It described the 2027 midpoint as about 9% above the midpoint of the revised 2026 range. The company extended its annual non-GAAP EPS growth outlook through 2030, targeting the middle to high end of its 7%-9% range.

For the quarter ended Sept. 30, 2026, diluted earnings per share were $0.50 under generally accepted accounting principles and $0.53 on a non-GAAP basis. In the third quarter of 2025, those figures were $0.45 and $0.50, respectively.

It presents non-GAAP EPS as an additional performance measure. Its exclusions include changes in the value of ZENS and related securities, certain merger and divestiture effects, and impacts tied to temporary emergency electric facilities after they leave the rate-regulated business. The company did not provide a numerical reconciliation of its forward non-GAAP EPS guidance to GAAP EPS, saying one would require unreasonable effort.