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CenterPoint to spend more to meet AI power demand despite fall in quarterly profit

Channel News Asia LogoChannel News Asia22h ago

CenterPoint to spend more to meet AI power demand despite fall in quarterly profit - Channel News Asia

Quick Summary:

CenterPoint Energy reported a fall in first-quarter profit on Thursday, but the U.S.utility raised its capital expenditure plan to meet expected demand from data centers used for artificial intelligence technologies.

A winter storm in January across the U.S.

Gulf Coast brought major cities like Houston and New Orleans to a near-standstill and broke records for the coldest day across the regions.


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CenterPoint to spend more to meet AI power demand despite fall in quarterly profit - Channel News Asia (Picture 1)CenterPoint to spend more to meet AI power demand despite fall in quarterly profit - Channel News Asia (Picture 2)

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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-24 @ 19:23:55 (22 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 381 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 28189279

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About Channel News Asia

Channel News Asia Logo

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 59 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

Publisher Details

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The story "CenterPoint to spend more to meet AI power demand despite fall in quarterly profit" has 381 words across 17 sentences, which will take approximately 2 - 4 minutes for the average person to read.

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The story "CenterPoint to spend more to meet AI power demand despite fall in quarterly profit" was covered 22 hours ago by Channel News Asia, a news publisher based in Singapore.

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Channel News Asia is a fully independent (privately-owned) news outlet established in 1999 that covers mostly economy and business news.

The outlet is headquartered in Singapore and publishes an average of 59 news stories per day.

It's most recent story was published 1 hours ago.

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  • News ID: #28189279
  • URL: https://encashes.beamstart.com/news/centerpoint-to-spend-more-to-17454943969306

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