island improvements

Houston utility provider gifts $100,000 for energy-efficient upgrades in Galveston

Galveston residents spend 14 percent more a month on electricity, and CenterPoint stepped in to help shrink that gap. Photo courtesy of Vision Galveston

As Texas bakes in scorching summertime heat, a new program has been rolled out in Galveston to provide free energy-efficiency upgrades of homes.

The program, a collaboration between the nonprofit Vision Galveston and Houston-based CenterPoint Energy, is designed to reduce energy consumption and cut utility bills through projects like HVAC tune-ups, as well as installation of ceiling insulation, LED light bulbs, solar screens, and low-flow showerheads.

The program launched July 13 with three CenterPoint customers, all residents of Galveston’s Old Central Carver Park neighborhood, receiving energy-efficiency upgrades.

All residents of Galveston are eligible for the program but must meet certain requirements, such as having:

  • A valid ESID number, or electric service identifier, in CenterPoint’s Houston-area territory.
  • A central AC system or heat pump that’s at least a year old and is in good working order.
  • A residential AC system that’s no larger than five tons.

Data from EnergySage shows the average Galveston resident spends $195 a month on electricity. That’s 14 percent higher than the national average.

“Without properly equipped homes to withstand Texas’ above-average temperatures and other extreme weather conditions, [these costs] could increase over time, greatly impacting islanders during the hot summer months,” the program’s organizers say. “And this could be a significant financial burden for families that are already economically challenged.”

In tandem with the new program, the CenterPoint Energy Foundation has donated $100,000 to Vision Galveston to support future energy-efficiency programs benefiting income-qualified residents of Galveston.

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A View From HETI

Blackstone Infrastructure, an affiliate of Blackstone Inc., will acquire a major Texas electricity provider. Photo via Shutterstock

Blackstone Infrastructure, an investment giant with $600 million in assets under management, has agreed to buy publicly traded TXNM Energy in a debt-and-stock deal valued at $11.5 billion.

TXNM Energy is the parent company of Lewisville-based Texas New Mexico Power (TNMP), which supplies electricity to more than 270,000 homes and businesses throughout Texas. Its Houston-area service territory includes Alvin, Angleton, Brazoria, Dickinson, Friendswood, La Marque, League City, Sweeny, Texas City and West Columbia.

Once Blackstone Infrastructure wraps up the deal in the second half of 2026, Albuquerque, New Mexico-based TXNM will no longer be a public company. But TNMP’s headquarters will remain in Texas and its rates will continue to be set by the Public Utility Commission of Texas. TNMP was founded in 1934.

Blackstone Infrastructure is affiliated with investment powerhouse Blackstone Inc., which has $1.2 trillion in assets under management and is the world’s largest investment manager.

“TNMP has done an excellent job of meeting its customers’ growing demand for electricity and supporting the communities it serves,” Sean Klimczak, Blackstone’s global head of infrastructure, said in a news release. “We look forward to utilizing our long-term investment commitments to support TNMP as they continue on this path of high-demand growth across Texas.”

During TXNM’s fourth-quarter earnings call in February, Chairwoman and CEO Patricia Vincent-Collawn said the company’s five-year Texas capital investment plan had grown by more than $1 billion.

“Our future is so bright with these increased investment levels that we are now targeting earnings growth of 7 percent to 9 percent through 2029,” Vincent-Collawn said.

“Our financial expectations are driven by the continued expansion of grid infrastructure supporting growth and reliability in our Texas service territory,” she added.

In 2024, TXNM reported revenue of $1.96 billion, up 1.7 percent from the previous year.

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