Jason Wells on demand growth
From CenterPoint Energy Inc ($CNP) Q4 2025 Earnings Call · · Castify Earnings Call
“We are now forecasting peak load demand to increase by 50% or an additional 10 gigawatts by 2029. This is two years earlier than previously planned. More importantly, this growth continues to be positive news for the region as it drives jobs, increases tax base, and helps keep our portion of the bills essentially flat, benefiting our customers and communities.”
On , Jason Wells, President, Chief Executive Officer & Chairman at CenterPoint Energy Inc, spoke about demand growth during CenterPoint Energy Inc ($CNP) Q4 2025 Earnings Call on Castify Earnings Call.
About Jason Wells
Jason Wells, chair and CEO of CenterPoint Energy, has described rapid electricity demand growth in the Houston region, stating that the company now forecasts peak load to increase by 50% by 2029, two years earlier than previously projected. He attributed this growth to data centers, advanced manufacturing, and energy exports. Wells said the company is increasing its 10-year capital investment plan to more than $65 billion, including funding for an additional 765 KV import line, and that it has secured 12.2 gigawatts of firmly committed load. He noted that utilizing existing system capacity could provide approximately $4 billion in savings for Texas residential and commercial customers over the next decade. Wells has also discussed a strategic shift toward Texas, including the proposed sale of CenterPoint’s Ohio gas business. He stated that the company is making progress on a large load project in southern Indiana that could enable $250 million in savings for residential customers over 15 years. On financial matters, Wells reported that the company expects its annual federal income tax cash liability to be near zero through 2035 following Treasury guidance, and reiterated non-GAAP EPS guidance of $1.89 to $1.91 for 2026. In a separate webinar, Wells described CenterPoint’s business model as starting with customer experience, and noted that the GDP of the greater Houston region is approaching $2 billion a day, emphasizing the economic cost of power outages.