CenterPoint Energy announced Monday it will invest $65 billion between 2026 and 2035, as U.S. utilities ramp up spending to meet soaring electricity demand from AI data centers, cryptocurrency mining, and industrial electrification.
The utility also raised its annual adjusted EPS forecast to $1.75–$1.77, up from $1.74–$1.76, about 9% higher than last year at the midpoint. Analysts project $1.76, according to LSEG data.
For 2026, CenterPoint targets adjusted EPS of $1.89–$1.91. The company expects peak electric demand to rise nearly 50% to 31 GW by 2031, and to double by the mid-2030s.
“Economic development is set to fuel strong electric demand growth, particularly in Texas,” the company said. In May, CenterPoint revealed plans for $4 billion in new projects to support its expansion in the state, one of the fastest-growing U.S. data center markets.
CenterPoint provides electricity and natural gas to more than 7 million customers across Indiana, Louisiana, Minnesota, Mississippi, Ohio, and Texas.