This week, CenterPoint raised and accelerated a multi-state investment plan tied in part to Greater Houston demand. SEG Solar signed a land agreement for a planned Tomball factory. Main Street completed a $500 million note offering, while Watermark completed an acquisition that adds a lending business to its Texas principals’ portfolio.

CenterPoint Energy increased its ten-year capital plan from $66.7 billion to $70.7 billion and moved $1.5 billion of planned investment into 2026–2030. The Houston-based utility says Greater Houston demand is one reason for the timing shift. The $70.7 billion plan covers multiple states, and the company has not stated how much is for Texas. SEC-filed results and capital plan

The increase changes the scale and timing of planned capital spending, not completed investment. CenterPoint links the plan to expected system needs and demand. Rate recovery is how a regulated utility collects approved project costs through customer bills. For investors and large-load customers, the next useful documents are state filings that identify Texas projects and costs CenterPoint seeks to recover through rates.

CenterPoint’s adjusted earnings per share, a non-GAAP measure that adjusts reported results for selected items, rose from 50 cents in the third quarter of 2025 to 53 cents in the third quarter of 2026. Growth and rate recovery added 9 cents per share, and weather and usage added 3 cents. Higher financing expense from new debt issuances, together with equity dilution, reduced adjusted earnings by 4 cents per share. Other items cut 5 cents, mainly because the prior-year quarter included a one-time tax optimization benefit. These drivers sum to the three-cent increase. This quarter’s results do not establish the future plan’s financing cost or effect on Texas rates.

SEG Solar says it signed a land agreement for a planned $950 million solar-cell factory at its Tomball campus. It projects 4 gigawatts of annual capacity in two phases, targeted for 2028 and 2029, and more than 700 jobs. Those are company projections; the factory is still a plan. SEG project announcement

Solar cells are components assembled into modules. SEG says one module factory at Tomball is operating and a second is under construction. The proposed cell plant would add cell production at the same campus. The company announcement does not name a buyer for the planned cell output.

The October 29 announcement does not detail project funding or permits. The next milestone is whether the company secures both before construction.

Houston-based Main Street Capital completed its $500 million note offering on October 29 and reported about $493 million in net proceeds after underwriting discounts and estimated offering expenses. The notes carry a 6.55% annual coupon and mature January 15, 2030. Final terms list a 6.80% yield to maturity. SEC closing filing · Final pricing terms

The coupon is annual interest on principal. Yield to maturity also reflects the below-face issue price and repayment at face value, so the two rates answer different questions. The terms do not show how the notes compare with the company’s revolving-credit cost.

Main Street provides debt and equity financing to smaller middle-market companies, and debt to businesses owned by private equity firms. Main Street offering announcement Its planned repayments would reopen revolving capacity for future deals; the filing does not say that sequence has begun.

Watermark Commercial Contractors, based in Dripping Springs, completed its acquisition of Val-Chris Investments, a California company based in Irvine, with financing from Chicago Atlantic, the lender said. The lender’s senior secured facility also includes growth capital. Chicago Atlantic transaction announcement

Chicago Atlantic identifies Watermark principals Ryan Larson and Chris Kopacek as principals of Austin-based Lonestar Development Partners, which develops multifamily and build-for-rent homes. Val-Chris originates and services private-money real-estate loans, adding that business to the principals’ development interests.

A disclosed purchase price or a named Texas lending plan would clarify the acquisition’s scale or local reach.

Ozona, Marubeni Make Final Investment Decision on Texas Carbon Storage Project · Related reading · Oct. 27
Ozona and Marubeni announced a final investment decision for a Bee County carbon-storage project, with first injection targeted for Q1 2027.

Prosperity Bancshares, Inc. Reports Third Quarter 2026 Earnings · Related reading · Oct. 28
Prosperity reported year-over-year increases in consolidated loans and deposits, primarily from three recent mergers.

Partners Capital launches Land Fund II · Related reading · Oct. 26
Partners Capital said its new land fund targets $25 million for land acquisition and predevelopment. The target is not confirmed raised.

Jason Gould
Editor, The Texas Bell