CenterPoint Files for Upgrade and New Transmission Lines along Gulf Coast

CenterPoint Files for Upgrade and New Transmission Lines along Gulf Coast

Apr 6, 2017

by Margarita Fournier; Copyright 2016 by Competitive Assets, LLC.  All rights reserved

On 4/5/17, Electric Light & Power reported that CenterPoint Energy submitted a proposal to ERCOT requesting its endorsement for CenterPoint to enhance existing, and construct new, electric transmission infrastructure to “meet the unprecedented load growth of the petrochemical industry in the Freeport, Texas, area.” “This growth includes new committed load expected to total about 1,340 MW, which is planned to go into service at varying stages between 2017 and 2019. The company expects to have the proposed enhancements complete by summer 2019 and the proposed new line is anticipated to be in service in 2021. The nearly $250 million transmission project includes enhancements to two existing substations and construction of a new 345 kilovolt double-circuit transmission line. Capital expenditures for the project would be incremental to the five-year capital plan as disclosed in the 2016 Form 10-K.”

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