CenterPoint Energy, Inc. has entered into a pivotal agreement with Itron, Inc. to roll out three million Intelis natural gas ultrasonic smart meters, enhancing the reliability and efficiency of its distribution system for over seven million customers across several states. As part of this initiative, CenterPoint has increased its investment plan to $19.2 billion from $18 billion for the 2022-2026 period and is eyeing an additional $40 billion investment over the next decade. Shares of CenterPoint have jumped by 33.5%, significantly outperforming the industry, reflecting strong market confidence in the company's plans.
“CenterPoint Energy, Inc. · inked an agreement with · Itron · introduction of Intelis natural gas ultrasonic smart meters”
“Itron · will provide · three million Intelis natural gas ultrasonic smart meters · to CenterPoint”
“CenterPoint · serves · more than seven million metered customers · across several regions in the United States”
“CenterPoint · aims to boost · distribution system’s reliability and efficiency”
“Itron’s smart meters · assist CenterPoint with · two-way communication for monitoring and billing · natural gas assets”
“CenterPoint · increased its investment plan to · $19.2 billion · for the 2022-2026 period”
“CenterPoint · plans to invest · $40 billion · for a period of 10 years”
“CenterPoint · carries a Zacks Rank · #3 (Hold)”
“Itron, Inc. · entered into a contract with · CenterPoint Energy, Inc. · deploy 3 million Itron Intelis natural gas ultrasonic smart meters”
“CenterPoint Energy, Inc. · serves · more than 7 million metered customers · Louisiana, Minnesota, Mississippi, Ohio and Texas”
“CenterPoint Energy, Inc. · will leverage · Itron’s smart natural gas metering solution · improve safety and service for its customers”
“CenterPoint · is highly optimistic about · the deal · drive safety and reliability at its utilities”
