CenterPoint Energy, Inc.

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Investigation Details

Hurricane Beryl made landfall in Texas as a Category 1 storm on July 8, 2024. The impact of the storm left roughly 2.2 million CenterPoint customers without power. Six days after the storm, some 270,000 homes and businesses in the Houston area were still without power. At a press conference on July 14, 2024, Texas Governor Greg Abbott said that he was demanding an investigation into CenterPoint’s response to Hurricane Beryl. Among other comments, Governor Abbott said that CenterPoint did not have “an adequate number of workers pre-staged” before the storm hit. Following this news, CenterPoint’s stock price dropped over 6% on July 15, 2024.