Latest news with #Texas-driven
Malaysian Reserve
16-06-2025
- Business
- Malaysian Reserve
CenterPoint Energy sends large temporary emergency generation units to San Antonio to support state's energy needs and lower costs for Houston customers
Company delivers on unprecedented contribution of approximately $200 million of value to the State of Texas First five of the 15 large temporary emergency generation units deployed to San Antonio area to help address regional power generation shortfall Historic agreement with state and industry partners will help address Texas' power generation needs and lower bills for Houston-area customers by approximately $2 per month by 2027 HOUSTON, June 16, 2025 /PRNewswire/ — This weekend, as part of an effort to help the State of Texas meet its current and future energy needs, CenterPoint Energy announced that the first five of 15 large temporary emergency generation units began leaving the Greater Houston area to be deployed to the San Antonio region. To help with staging and installation in San Antonio, the units are departing Greater Houston in a series of three waves over the next two months. In total, CenterPoint will be providing 15 large temporary emergency generation units for up to two years as part of an unprecedented, Texas-driven solution reached in close collaboration over the last six months with the Electric Reliability Council of Texas (ERCOT), elected leaders, regulators and industry partners. In addition to helping reduce the risk of power generation shortfalls in San Antonio this summer and next, the cost of the deployed units will be removed from Houston-area customers' monthly bills, saving average CenterPoint customers approximately $2 per month by 2027. 'All Texans can be proud that this creative, collaborative solution is moving forward to help meet our great state's significant energy needs and improve reliability across Texas. This unprecedented contribution of value from CenterPoint to the state will help reduce the risk of energy shortfalls in San Antonio and will immediately lower monthly bills for our Houston-area customers. We look forward to successfully delivering the first five units and additional deliveries planned in the weeks ahead,' said Jason Ryan, Executive Vice President of Regulatory Services and Government Affairs. Key Facts: Delivering CenterPoint's Texas-Driven Generation SolutionIn early June, ERCOT, CenterPoint and industry partners signed final agreements to begin delivery of the 15 large temporary emergency generation units for up to a two-year service period in San Antonio starting this summer. The plan includes the following components: Lowering bills for Greater Houston-area customers: Costs associated with the large leased temporary emergency generation units will start coming out of rates for Houston electric customers in the coming months. By 2027, bills will be reduced by an estimated $2 per month for the average customer who uses 1,000 kWh/month. Meeting Texas' current and future energy needs: The 15 large units (27MW-32MW) will provide critical generation capacity in the Greater San Antonio area to help avoid the risk of shortfalls. The units each provide enough power for approximately 30,000 homes and were acquired following the devastation of Winter Storm Uri across Texas in 2021. Forgoing revenue and profit for 15 units: CenterPoint will receive no revenue or profit from the 15 large units based on the agreement with ERCOT. A video summary of the large temporary emergency generation units leaving the Greater Houston area and b-roll footage of one of the units sent to San Antonio this weekend can be found here: CNP Digital Asset Mgmt CenterPoint's role in the Texas electricity marketCenterPoint is an electric transmission and distribution company in the Texas market. The company does not own any power plants in Texas; other than the leased temporary generation units, CenterPoint does not generate any electricity in the state and does not purchase electricity on behalf of customers in Texas. It also does not have any electric customers in Texas outside the 12-county Greater Houston area. About CenterPoint Energy, Energy, Inc. (NYSE: CNP) is a multi-state electric and natural gas delivery company serving approximately 7 million metered customers across Indiana, Minnesota, Ohio, and Texas. The company is headquartered in Houston and is the only Texas-domiciled investor-owned utility. As of March 31, 2025, the company had approximately $44 billion in assets. With approximately 8,300 employees, CenterPoint Energy and its predecessor companies have been serving customers for more than 150 years. For more information, visit Forward-looking StatementsThis news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this news release, the words 'anticipate,' 'believe,' 'continue,' 'could,' 'estimate,' 'expect,' 'forecast,' 'goal,' 'intend,' 'may,' 'objective,' 'plan,' 'potential,' 'predict,' 'projection,' 'should,' 'target,' 'will,' 'would' or other similar words are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding effectiveness, timing and related matters to the movement of the large temporary emergency generation units, are based upon assumptions of management which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. Actual events and results may differ materially from those expressed or implied by these forward-looking statements. Any statements in this news release regarding future events that are not historical facts are forward-looking statements. Each forward-looking statement contained in this news release speaks only as of the date of this release. Important factors that could cause actual results to differ materially from those indicated by the provided forward-looking information include risks and uncertainties relating to: (1) business strategies and strategic initiatives, restructurings, joint ventures, acquisitions or dispositions of assets or businesses involving CenterPoint Energy or its industry; (2) CenterPoint Energy's ability to fund and invest planned capital, and the timely recovery of its investments; (3) financial market and general economic conditions; (4) the timing and impact of future regulatory, legislative and political actions or developments; and (5) other factors, risks and uncertainties discussed in CenterPoint's Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and CenterPoint's Quarterly Report on Form 10-Q for the quarter ended March 31, 2025 and other reports CenterPoint or its subsidiaries may file from time to time with the Securities and Exchange Commission. Investors and others should note that we may announce material information using SEC filings and the Investor Relations page of our website, including press releases, public conference calls, webcasts. In the future, we will continue to use these channels to distribute material information about the company and to communicate important information about the company, key personnel, corporate initiatives, regulatory updates, and other matters. Information that we post on our website could be deemed material; therefore, we encourage investors to review the information we post on the Investor Relations page of our website. For more information, contact:
Yahoo
16-06-2025
- Business
- Yahoo
CenterPoint Energy sends large temporary emergency generation units to San Antonio to support state's energy needs and lower costs for Houston customers
Company delivers on unprecedented contribution of approximately $200 million of value to the State of Texas First five of the 15 large temporary emergency generation units deployed to San Antonio area to help address regional power generation shortfall Historic agreement with state and industry partners will help address Texas' power generation needs and lower bills for Houston-area customers by approximately $2 per month by 2027 HOUSTON, June 16, 2025 /PRNewswire/ -- This weekend, as part of an effort to help the State of Texas meet its current and future energy needs, CenterPoint Energy announced that the first five of 15 large temporary emergency generation units began leaving the Greater Houston area to be deployed to the San Antonio region. To help with staging and installation in San Antonio, the units are departing Greater Houston in a series of three waves over the next two months. In total, CenterPoint will be providing 15 large temporary emergency generation units for up to two years as part of an unprecedented, Texas-driven solution reached in close collaboration over the last six months with the Electric Reliability Council of Texas (ERCOT), elected leaders, regulators and industry partners. In addition to helping reduce the risk of power generation shortfalls in San Antonio this summer and next, the cost of the deployed units will be removed from Houston-area customers' monthly bills, saving average CenterPoint customers approximately $2 per month by 2027. "All Texans can be proud that this creative, collaborative solution is moving forward to help meet our great state's significant energy needs and improve reliability across Texas. This unprecedented contribution of value from CenterPoint to the state will help reduce the risk of energy shortfalls in San Antonio and will immediately lower monthly bills for our Houston-area customers. We look forward to successfully delivering the first five units and additional deliveries planned in the weeks ahead," said Jason Ryan, Executive Vice President of Regulatory Services and Government Affairs. Key Facts: Delivering CenterPoint's Texas-Driven Generation SolutionIn early June, ERCOT, CenterPoint and industry partners signed final agreements to begin delivery of the 15 large temporary emergency generation units for up to a two-year service period in San Antonio starting this summer. The plan includes the following components: Lowering bills for Greater Houston-area customers: Costs associated with the large leased temporary emergency generation units will start coming out of rates for Houston electric customers in the coming months. By 2027, bills will be reduced by an estimated $2 per month for the average customer who uses 1,000 kWh/month. Meeting Texas' current and future energy needs: The 15 large units (27MW-32MW) will provide critical generation capacity in the Greater San Antonio area to help avoid the risk of shortfalls. The units each provide enough power for approximately 30,000 homes and were acquired following the devastation of Winter Storm Uri across Texas in 2021. Forgoing revenue and profit for 15 units: CenterPoint will receive no revenue or profit from the 15 large units based on the agreement with ERCOT. A video summary of the large temporary emergency generation units leaving the Greater Houston area and b-roll footage of one of the units sent to San Antonio this weekend can be found here: CNP Digital Asset Mgmt CenterPoint's role in the Texas electricity marketCenterPoint is an electric transmission and distribution company in the Texas market. The company does not own any power plants in Texas; other than the leased temporary generation units, CenterPoint does not generate any electricity in the state and does not purchase electricity on behalf of customers in Texas. It also does not have any electric customers in Texas outside the 12-county Greater Houston area. About CenterPoint Energy, Energy, Inc. (NYSE: CNP) is a multi-state electric and natural gas delivery company serving approximately 7 million metered customers across Indiana, Minnesota, Ohio, and Texas. The company is headquartered in Houston and is the only Texas-domiciled investor-owned utility. As of March 31, 2025, the company had approximately $44 billion in assets. With approximately 8,300 employees, CenterPoint Energy and its predecessor companies have been serving customers for more than 150 years. For more information, visit Forward-looking StatementsThis news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this news release, the words "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "goal," "intend," "may," "objective," "plan," "potential," "predict," "projection," "should," "target," "will," "would" or other similar words are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding effectiveness, timing and related matters to the movement of the large temporary emergency generation units, are based upon assumptions of management which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. Actual events and results may differ materially from those expressed or implied by these forward-looking statements. Any statements in this news release regarding future events that are not historical facts are forward-looking statements. Each forward-looking statement contained in this news release speaks only as of the date of this release. Important factors that could cause actual results to differ materially from those indicated by the provided forward-looking information include risks and uncertainties relating to: (1) business strategies and strategic initiatives, restructurings, joint ventures, acquisitions or dispositions of assets or businesses involving CenterPoint Energy or its industry; (2) CenterPoint Energy's ability to fund and invest planned capital, and the timely recovery of its investments; (3) financial market and general economic conditions; (4) the timing and impact of future regulatory, legislative and political actions or developments; and (5) other factors, risks and uncertainties discussed in CenterPoint's Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and CenterPoint's Quarterly Report on Form 10-Q for the quarter ended March 31, 2025 and other reports CenterPoint or its subsidiaries may file from time to time with the Securities and Exchange Commission. Investors and others should note that we may announce material information using SEC filings and the Investor Relations page of our website, including press releases, public conference calls, webcasts. In the future, we will continue to use these channels to distribute material information about the company and to communicate important information about the company, key personnel, corporate initiatives, regulatory updates, and other matters. Information that we post on our website could be deemed material; therefore, we encourage investors to review the information we post on the Investor Relations page of our website. For more information, contact: View original content to download multimedia: SOURCE CenterPoint Energy
Yahoo
14-04-2025
- Politics
- Yahoo
Educators hope 'abysmal' national literacy rates will be addressed now that DEI, gender ideology out the door
FIRST ON FOX: A Texas-driven campaign to tackle children's "abysmal" literacy rates over recent decades is hoping to go national, as President Donald Trump rolls back DEI initiatives and curbs progressive gender ideology that has taken center stage in recent years. "Literacy has taken a backseat, and it's because people don't know our kids can't read," said Pete Geren, former secretary of the Army and a former Democratic congressman from Texas. "I make a lot of public presentations. I meet with elected officials, state reps, who you know it's really a state issue. They have no awareness of this." At Grade Level, a Texas-based organization behind the "Have Your Child Read to You" campaign, is partnering with Geren – a former state lawmaker from the '90s and now president and CEO of the Sid W. Richardson Foundation – who is a well-known advocate for public education. Red States Get In Line With Trump's Dei Ban In Schools As Compliance Deadline Nears "The federal government has told us over and over and over that most of our kids cannot read proficiently, and it has never led to a literacy movement in this country," Geren said. Geren and At Grade Level are urging parents to do a simple task: ask their children to read out loud to them to see if they are learning proficiently in school. Read On The Fox News App Only 43% of more than 170,000 students are reading at proficient grade level, according to state test scores in Fort Worth, and close to 100% of parents believe their children can read at grade level. The numbers on a national scale show a similar trend. Trump Admin Warns States To Comply With Housing Prisoners By Their Biological Sex Or Face Funding Cutoff "It's our goal to build awareness," Geren said. "The missing link in the political movement is the parents… if they know, everything will change. Parents will do anything for their kids, and they'll fix this problem at home and at the governmental level." Reading proficiency among eighth graders dropped to 67%, the lowest in 32 years, while only 60% of fourth graders met basic reading standards, according to the 2024 National Assessment of Educational Progress (NAEP). Only 67% of eighth-graders met or exceeded basic reading skills on the 2024 NAEP exam, down 2 percentage points from 1992 when the testing began. The NAEP, often referred to as the Nation's Report Card, is the gold standard for measuring student academic performance. And poor literacy rates are closely tied to crime, according to At Grade Level, reporting that approximately 80% of Texas prison inmates are functionally illiterate. "We've got the district attorney, we've got the county judge, and so many leaders coming out because of the connection to crime," Geren said. Department Of Education Doled Out Over $200M To Universities To Inject Dei Into Counseling Courses: Report In February, Fort Worth Police Chief Neil Noakes said at a press conference that the statistics "paint a stark, tragic picture of our present situation, but that doesn't have to be our future." "Many of the people incarcerated right now are there, in part, because of that lack of proper literacy levels that they did not receive when they were young," Noakes said. Trump signed executive orders to eliminate DEI programs and gender ideology instruction in K-12 schools in January. Two months later, he moved to significantly downsize the Department of Education to shift more control over education back to the states. While downsizing the department, Trump criticized the billions of dollars funneled into the public education system while students' test scores in core subjects have continued to plummet. "We want great education. So they rank 40 countries in education, we're ranked dead last, but the good news is we're number one in one category. You know what that is? Cost per pupil," Trump told Fox News White House correspondent Peter Doocy at a press conference in February. "We spend more per pupil than any other country in the world." U.S. federal, state and local governments collectively spend about $857.2 billion annually on K-12 public education. Despite a record $190 billion in federal aid since the pandemic, students' academic performance has seen little improvement. An analysis by The New York Times in March found that, since the pandemic, students have fallen behind by more than half a year in math and also struggled in reading and article source: Educators hope 'abysmal' national literacy rates will be addressed now that DEI, gender ideology out the door
Fox News
14-04-2025
- Politics
- Fox News
Educators hope 'abysmal' national literacy rates will be addressed now that DEI, gender ideology out the door
FIRST ON FOX: A Texas-driven campaign to tackle children's "abysmal" literacy rates over recent decades is hoping to go national, as President Donald Trump rolls back DEI initiatives and curbs progressive gender ideology that has taken center stage in recent years. "Literacy has taken a backseat, and it's because people don't know our kids can't read," said Pete Geren, former secretary of the Army and a former Democratic congressman from Texas. "I make a lot of public presentations. I meet with elected officials, state reps, who you know it's really a state issue. They have no awareness of this." At Grade Level, a Texas-based organization behind the "Have Your Child Read to You" campaign, is partnering with Geren – a former state lawmaker from the '90s and now president and CEO of the Sid W. Richardson Foundation – who is a well-known advocate for public education. "The federal government has told us over and over and over that most of our kids cannot read proficiently, and it has never led to a literacy movement in this country," Geren said. Geren and At Grade Level are urging parents to do a simple task: ask their children to read out loud to them to see if they are learning proficiently in school. Only 43% of more than 170,000 students are reading at proficient grade level, according to state test scores in Fort Worth, and close to 100% of parents believe their children can read at grade level. The numbers on a national scale show a similar trend. "It's our goal to build awareness," Geren said. "The missing link in the political movement is the parents… if they know, everything will change. Parents will do anything for their kids, and they'll fix this problem at home and at the governmental level." Reading proficiency among eighth graders dropped to 67%, the lowest in 32 years, while only 60% of fourth graders met basic reading standards, according to the 2024 National Assessment of Educational Progress (NAEP). Only 67% of eighth-graders met or exceeded basic reading skills on the 2024 NAEP exam, down 2 percentage points from 1992 when the testing began. The NAEP, often referred to as the Nation's Report Card, is the gold standard for measuring student academic performance. And poor literacy rates are closely tied to crime, according to At Grade Level, reporting that approximately 80% of Texas prison inmates are functionally illiterate. "We've got the district attorney, we've got the county judge, and so many leaders coming out because of the connection to crime," Geren said. In February, Fort Worth Police Chief Neil Noakes said at a press conference that the statistics "paint a stark, tragic picture of our present situation, but that doesn't have to be our future." "Many of the people incarcerated right now are there, in part, because of that lack of proper literacy levels that they did not receive when they were young," Noakes said. Trump signed executive orders to eliminate DEI programs and gender ideology instruction in K-12 schools in January. Two months later, he moved to significantly downsize the Department of Education to shift more control over education back to the states. While downsizing the department, Trump criticized the billions of dollars funneled into the public education system while students' test scores in core subjects have continued to plummet. "We want great education. So they rank 40 countries in education, we're ranked dead last, but the good news is we're number one in one category. You know what that is? Cost per pupil," Trump told Fox News White House correspondent Peter Doocy at a press conference in February. "We spend more per pupil than any other country in the world." U.S. federal, state and local governments collectively spend about $857.2 billion annually on K-12 public education. Despite a record $190 billion in federal aid since the pandemic, students' academic performance has seen little improvement. An analysis by The New York Times in March found that, since the pandemic, students have fallen behind by more than half a year in math and also struggled in reading and science.
