Houston's $15B Grid Upgrade
Jason Wells responded to Hurricane Beryl with $15B grid resilience plan: underground lines, smart meters, microgrids, battery storage. Texas regulators approved with 9.8% returns, turning crisis into growth opportunity. Houston's 100K+ annual population growth requires new infrastructure, creating rare combination of defensive returns and organic expansion.
Financial Performance
- •Revenue: $10.5B with 5-6% growth
- •EPS: $1.60 growing to $2.40+ by 2030 (8-10% CAGR)
- •Dividend: $0.78/share (3.2% yield) with 10% growth target
- •Rate Base: $30B→$52B by 2030 via $40B capex
Who Is This Stock Suitable For?
Perfect For
- ✓Income investors (3.2% + 10% growth)
- ✓Texas bulls
- ✓Climate infrastructure plays
Less Suitable For
- ✗Hurricane-risk-averse
- ✗High-yield seekers (3.2%)
- ✗Traders