CenterPoint Energy (NYSE:CNP) has been selected to receive a $50 million award from the U.S. Department of Energy under its Speed to Power through Accelerated Reconductoring and other Key Advanced Transmission Technology Upgrades (SPARK) program. The funding remains subject to final negotiation with the DOE.
The grant will support advanced substation technology upgrades and the deployment of Siemens Energy’s transmission grid stabilizing technology in the Greater Houston area and across Texas. CenterPoint says it will be among the first U.S. utilities to use this technology.
The project is expected to create more than 500 local jobs for construction and installation. CenterPoint Energy serves about 2.9 million customers in the Greater Houston region and more than 7 million metered customers across Indiana, Minnesota, and Texas, with roughly $48.3 billion in assets as of June 30, 2026.
Jason Ryan, the company’s Executive Vice President for Regulatory Services and Government Affairs, said the award helps build “the most resilient coastal grid in the nation” for the Houston customers and thanked the DOE for the investment in Texas energy infrastructure.
