01:23 PM EDT, 07/15/2024 (MT Newswires) -- CenterPoint Energy ( CNP ) shares fell 5.6% in recent Monday trading after Texas Gov. Greg Abbott demanded an investigation into the company's "inability to restore power" in the Houston area after Hurricane Beryl made landfall.

Abbott wants an action plan from the largest electricity provider in Texas by the end of July on addressing current power issues and reducing "the possibility that power is lost in the future," according to a statement Sunday from the governor's office following a press conference.

"If CenterPoint fails to comply, I will issue an executive order to impose actions on the company that are geared to keep the power on," Abbott said in the statement.

Centerpoint said Monday on its website it restored power to more 2 million customers and expects to reach 98% restoration by the end of the day Wednesday.

Abbott at the press conference directed the Public Utility Commission of Texas to probe CenterPoint. Beryl hit the state a week ago.

"We have heard and understand our customers' frustrations, and we are committed to working together with the state, local government, regulators, and community leaders both to help the Greater Houston area recover from Hurricane Beryl and to improve for the future," CenterPoint said Sunday in a statement after the Abbott press conference.

Price: 28.59, Change: -1.70, Percent Change: -5.63