CenterPoint Energy sees up to $1.3 bln in restoration costs after Hurricane Beryl
July 30, 2024
Electric and gas utility CenterPoint Energy (CNP.N), opens new tab said on Tuesday it expects total costs to restore facilities damaged by Hurricane Beryl to be in the range of $1.2 billion to $1.3 billion.
Earlier this month, Hurricane Beryl made landfall near the coastal town of Matagorda, Texas, causing significant damage to CenterPoint electric subsidiary’s delivery system.
The largest Texas power provider also expects $425 million to $475 million in additional costs related to storm events that occurred in May.
