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CenterPoint Vitality (NYSE:CNP) can not cancel its lease for barely used turbines acquired following Winter Storm Uri in 2021 that have already got value $800M, executives instructed shocked regulators late Thursday, in accordance with UtilityDive.com.
The controversy is targeted on 15 32-MW turbines and 5 5-MW turbines CenterPoint (CNP) leased from Life Cycle Energy, and why not one of the bigger turbines had been deployed after Hurricane Beryl final month.
The largest turbines require a crane to assemble and have by no means been deployed, CenterPoint (CNP) Government VP Jason Ryan stated at on the Public Utility Fee assembly.
Ryan stated CenterPoint (CNP) did deploy turbines smaller than 32 MW, together with a dozen it acquired by mutual help with different utilities, which ran for ~3K hours in the course of the restoration from Beryl.
The utility ought to weigh its choices, together with subleasing the turbines and renegotiating contracts, PUC members stated on the assembly.
Hurricane Beryl struck on July 8 and left almost 2.3M CenterPoint (CNP) clients round Houston with out energy, some for greater than every week.
