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Texas transmission projects could create 41,000 jobs and $120M in local taxes annually, boosting the economy by $18B.

Market News
13 Aug 2026
PRNewsWire
View Source
Bullish
Texas transmission projects could create 41,000 jobs and $120M in local taxes annually, boosting the economy by $18B.

CenterPoint Energy's new transmission projects in Texas are expected to generate significant economic benefits, including creating approximately 41,000 construction jobs and $120 million in annual local tax revenue. These projects aim to improve grid reliability and meet future energy demand, potentially adding over $18 billion annually to the Texas economy. Combined with other utilities' projects, the total economic impact could reach $30 billion per year and create up to 100,000 jobs during construction. CenterPoint is engaging local communities to shape project plans and will soon announce commitments to enhance collaboration with landowners.

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