HOUSTON, April 2, 2018 /PRNewswire/ -- CenterPoint
Energy, Inc.'s (NYSE: CNP) electric utility today announced that
the Brazos Valley Connection project (BVC) was energized on
March 29, 2018. The 60-mile,
345-kilovolt (kV) electric transmission line is the southern
portion of the Houston Import Project. Completed ahead of schedule,
the BVC transmission line runs from Grimes County through Waller County, ending in Harris County, Texas.
"We appreciate the collaboration among many individuals with
whom we have worked on this project," said Kenny Mercado, senior vice president of Electric
Operations, CenterPoint Energy. "Without the support of landowners,
county officials, local and state agencies and environmental
agencies, this project would not be the success that it is
today."
CenterPoint Energy's total project capital cost is approximately
$285 million, in line with the
estimated range of approximately $270
to $310 million in the Public Utility
Commission of Texas' original
order regarding the project. The estimated impact to a residential
customer within CenterPoint Energy's service territory using 1,000
kWh per month is less than $0.20 per
month.
"I'm extremely proud of the hard work our team provided to get
this much-needed project online," added Mercado. "Early completion
of the Brazos Valley Connection represents CenterPoint Energy's
leadership in safe and efficient project execution. The project
will provide safe, efficient and reliable power and help address
infrastructure needs to meet the growing demand in the Houston area."
In 2014, the Electric Reliability Council of Texas identified the Houston Import Project as
critical to providing additional transmission capacity to import
power into the Houston area by
June 2018. The entire project
consists of a 130-mile, 345-kV electric transmission line running
from Limestone County to
Harris County.
This news release includes forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are based upon assumptions of
management which are believed to be reasonable at the time made and
are subject to significant risks and uncertainties. Actual events
and results may differ materially from those expressed or implied
by these forward-looking statements. Any statements in this
news release regarding future events, such as the estimated impact
to residential customers, future economic conditions and
infrastructure needs in the Houston area and any other statements that are
not historical facts are forward-looking statements. Each
forward-looking statement contained in this news release speaks
only as of the date of this release.
CenterPoint Energy, Inc., headquartered in Houston, Texas, is a domestic energy delivery
company that includes electric transmission & distribution,
natural gas distribution and energy services operations. The
company serves more than five million metered customers primarily
in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma, and Texas. The company also owns 54.1 percent of
the common units representing limited partner interests in Enable
Midstream Partners, a publicly traded master limited partnership it
jointly controls with OGE Energy Corp., which owns, operates and
develops natural gas and crude oil infrastructure assets. With
nearly 8,000 employees, CenterPoint Energy and its predecessor
companies have been in business for more than 150 years. For more
information, please visit www.CenterPointEnergy.com.
For more information contact
Media:
Leticia Lowe
Phone
713.207.7702
Investors:
David Mordy
Phone
713.207.6500
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SOURCE CenterPoint Energy, Inc.