Over the last eight months, CenterPoint has installed 21,975 stronger, more storm-resilient poles; undergrounded 401 miles of power lines; added 4,472 automation devices; cleared 3,741 miles of high-risk vegetation; and installed 84 weather monitoring stations around the Greater Houston area
100% of strategic undergrounding goal completed ahead of schedule
Company on pace to complete historic suite of Greater Houston Resiliency Initiative actions by June 1, which will improve reliability for customers and reduce outages by more than 125 million minutes annually
Underground power lines installed ahead of schedule, with all Greater Houston Resiliency Initiative (GHRI) Phase Two resiliency actions on track to be completed by June 1
Historic suite of GHRI actions will improve system resiliency and reliability, resulting in the reduction of more than 125 million outage minutes annually
HOUSTON, May 6, 2025 /PRNewswire/ -- As part of its commitment to build the most resilient coastal grid in the country, CenterPoint Energy announced that it has installed 400 miles of underground power lines over the past eight months, completing 100% of its strategic undergrounding goal before the start of the 2025 hurricane season. The critical undergrounding work will help strengthen the system against extreme weather and improve overall resiliency by reducing potential outages caused by high winds, falling vegetation, vehicle collisions and other hazards. The work, which is part of the Greater Houston Resiliency Initiative (GHRI), was completed ahead of schedule and will help CenterPoint achieve its broader goal of achieving more than 50% of the electric system being ungrounded to further improve resiliency.
Historic series of grid improvements and generator donations continue across the Greater Houston area to strengthen resiliency and reduce risk of outages during storms
Joint emergency response exercise and community safety and preparedness events being held with emergency officials and local partners
CenterPoint conducting outreach efforts across Greater Houston service area to help customers prepare for upcoming storm season
HOUSTON, May 5, 2025 /PRNewswire/ -- As part of the official launch of National Hurricane Preparedness Week, CenterPoint Energy reminds customers and the public about the series of actions the company has taken to strengthen grid resiliency, improve local emergency coordination and help communities and customers better prepare for the 2025 hurricane season. CenterPoint will be holding a joint emergency response exercise later in the month as part of a coordinated effort with public officials, emergency response managers and community partners to improve local cooperation and response efforts. In addition, the company is continuing to work with communities to donate and install 21 backup generators for critical facilities and other key locations across its 12-county service area. CenterPoint is also hosting a series of community and customer outreach events across the Greater Houston area to share important safety information and preparation updates before the official start of hurricane season on June 1.
Installation of first phase of 100 weather stations will enhance and improve storm mobilization, preparation and response to major weather events
HOUSTON, April 28, 2025 /PRNewswire/ -- Today, CenterPoint Energy (NYSE: CNP) announced that, as part of the Greater Houston Resiliency Initiative (GHRI) and its actions to prepare for the 2025 hurricane season, the company has begun installing the first wave of weather monitoring stations to enhance situational awareness during severe weather events. The implementation of this groundbreaking weather network is a historic moment for Texas, as CenterPoint is the only Texas-based investor-owned utility in the state and the first to establish its own weather station network.
HOUSTON, April 16, 2025 /PRNewswire/ -- As part of its on-going refreshment process of its Board of Directors, CenterPoint Energy (NYSE: CNP) today announced that its shareholders elected two new members to its Board. Manuel ("Manny") Miranda, a 40-year veteran of NextEra and Florida Power & Light and Laurie Fitch, senior advisor at PJT Partners, a global, advisory-focused investment bank, join CenterPoint's Board effective April 16, 2025.
HOUSTON, April 16, 2025 /PRNewswire/ -- CenterPoint Energy, Inc.'s (NYSE: CNP) Board of Directors today declared a regular quarterly cash dividend of $0.2200 per share on the issued and outstanding shares of Common Stock payable on June 12, 2025, to shareholders of record at the close of business on May 15, 2025.
About CenterPoint Energy, Inc. CenterPoint Energy, Inc. (NYSE: CNP) is a multi-state electric and natural gas delivery company serving approximately 7 million metered customers across Indiana, Minnesota, Ohio, and Texas. The company is headquartered in Houston and is the only Texas-domiciled investor-owned utility. As of December 31, 2024, the company had approximately $44 billion in assets. With approximately 8,300 employees, CenterPoint Energy and its predecessor companies have been serving customers for more than 150 years. For more information, visit CenterPointEnergy.com.
In just seven months, CenterPoint has completed 350 miles of targeted undergrounding; installed 17,500+ stronger, more storm-resilient poles; cleared 2,900+ miles of higher-risk vegetation; and placed 3,380+ automated reliability devices to improve grid resiliency
Historic suite of Greater Houston Resiliency Initiative actions will improve customer reliability by reducing outages by more than 125 million minutes annually
HOUSTON, April 9, 2025 /PRNewswire/ -- Today, CenterPoint Energy released its latest progress update on the second phase of the Greater Houston Resiliency Initiative (GHRI), announcing that approximately 70 percent of this historic resiliency work is now complete and that all GHRI-related actions are expected to be complete before the official start of the 2025 hurricane season.
CenterPoint proposal to remove emergency temporary generation costs would lower monthly bills immediately and by as much as $2 per month by 2027
15 generation units would be sent to San Antonio area by Summer 2025 to help meet Texas' current and future energy needs
HOUSTON, April 3, 2025 /PRNewswire/ -- Today, as part of its continuing commitment to better serve customers across the Greater Houston area, CenterPoint testified before the Texas Senate Committee on Business and Commerce on its proposal to remove the cost of large emergency generation units from electric customers' monthly bills and save average residential customers as much as $2 per month by 2027. CenterPoint's proposal would reduce customer bills by sending 15 large emergency generation units to the San Antonio area for up to two years to immediately support the State of Texas' energy needs for generation. Overall, CenterPoint's proposal is part of a broader plan to make its electric customers whole for the portion of the units customers have paid through their monthly electric bills.
Osmose and Neara are teaming up to enable utilities like CenterPoint Energy to evaluate asset risk with greater precision and improve underlying network data quality and utilization.
ATLANTA, March 20, 2025 /PRNewswire/ -- Osmose, the leading provider of utility infrastructure asset assessment, restoration, and life extension solutions, and Neara, an AI-powered predictive modeling platform for utility networks, have announced a strategic partnership to help utilities better assess risk, improve data accuracy, and strengthen power grids. This collaboration will enable utilities like CenterPoint Energy to prioritize asset upgrades with greater precision and efficiency.
Approximately 99% of customers experienced no outages during fire weather conditions
HOUSTON, March 15, 2025 /PRNewswire/ -- CenterPoint Energy is returning to normal operations as the National Weather Service's Red Flag Warning and risks of fire weather and strong wind end for the Greater Houston area. The company's system performed well, with less than one percent of customers experiencing an outage throughout today's high wind gusts.
Red Flag Warning in effect for large portions of Texas and the Greater Houston area from noon to 9 p.m. on Saturday; high wind gusts, low humidity and fire risk anticipated
CenterPoint has taken a series of actions to prepare equipment and approximately 1,000 workers ready to respond today
Company continues to communicate with customers about the potential for temporary outages in some areas due to wildfire conditions
HOUSTON, March 15, 2025 /PRNewswire/ -- CenterPoint Energy is taking a series of precautionary actions to help protect customers and communities and address elevated wildfire risk in parts of the Greater Houston area, as the National Weather Service has issued a Red Flag Warning from noon until 9 p.m. today. CenterPoint has actively prepared for potentially dangerous weather conditions, including high wind gusts, dry fuels and low humidity, by conducting pre-inspections of electric and natural gas equipment, adjusting power line safety settings in higher-risk areas, communicating with customers and working closely with local emergency agencies. Today, CenterPoint has approximately 1,000 line and vegetation workers prepared to respond to the evolving weather conditions.
National Weather Service has issued a "Fire Weather Watch" for large portions of Texas with the risk of strong winds and fire danger in the Greater Houston area from noon to 9 p.m. on Saturday
CenterPoint working closely with local emergency partners and will communicate with customers about the risk of potential outages due to wildfire conditions
HOUSTON, March 14, 2025 /PRNewswire/ -- CenterPoint Energy continues to closely monitor evolving weather conditions and is taking precautionary measures to mitigate wildfire risk as the National Weather Service issued a Fire Weather Watch for large portions of Texas including in the Greater Houston area on Saturday from noon to 9 p.m. Due to the potentially dangerous weather conditions, including high wind gusts, dry fuels and low humidity, CenterPoint is actively preparing its response, including conducting pre-inspections, adjusting power line safety settings, communicating with customers, and working closely with local emergency agencies. As part of its customer outreach, CenterPoint will be notifying customers via its Power Alert Service in the Cypress, Fort Bend and Katy areas of the possibility that extreme weather and wind conditions could result in some temporary safety outages during part of the day on Saturday.
More than 14,200 stronger, storm-resilient poles installed; 2,200+ miles of high-risk vegetation cleared; 2,170+ automated reliability devices installed; and 280+ miles of power lines undergrounded
When completed by June 1, GHRI Phase Two actions will improve reliability and reduce outages by more than 125 million minutes annually
HOUSTON, March 7, 2025 /PRNewswire/ -- Today, as part of Phase Two of the Greater Houston Resiliency Initiative (GHRI), CenterPoint Energy shared its latest monthly progress update, which showed the company is on track to strengthen the resiliency of the grid in key areas ahead of the 2025 hurricane season. To date, CenterPoint announced that it has completed more than 50 percent of several of its planned near-term critical resiliency actions and grid improvements since Fall 2024. Those actions include: installing stronger poles, adding more automation devices, undergrounding power lines, and trimming hazardous vegetation. This pace reflects the company's plan to complete these resiliency actions before the start of hurricane season on June 1, 2025.
CenterPoint's 15 large emergency generation units will help ERCOT meet current and future energy needs for the San Antonio region for up to two years starting in Summer 2025
Greater Houston-area customers will see bill relief related to this transaction of approximately $2 less per month by 2027
Subject to final approvals, CenterPoint will make no revenue or profit off the proposal to help ERCOT and the State of Texas
HOUSTON, Feb. 25, 2025 /PRNewswire/ -- As part of a commitment to help meet the State of Texas' immediate energy needs, CenterPoint Energy welcomed today's approval by the Electric Reliability Council of Texas (ERCOT) Board to move ahead with finalizing CenterPoint's proposal to utilize 15 large emergency generation units to help address the state's generation shortfall concerns. Under its proposal, CenterPoint will make no revenue or profit from these 15 units while helping ERCOT and the State of Texas. CenterPoint's 2.8 million Greater Houston-area electric customers will also benefit from the arraignment by seeing lower monthly bills related to this transaction by 2027.
ERCOT Weather Watch issued for February 19-21 due to forecasted extreme cold weather across its region, meaning higher electrical demand and the potential for lower reserves
CenterPoint continues to monitor forecasts and perform readiness checks for its electric and natural gas systems ahead of potential freezing temperatures impacting the company's Texas service territory
Company urges customers to have a plan and make winter weather preparations to stay safe and warm
HOUSTON, Feb. 18, 2025 /PRNewswire/ -- With extreme cold temperatures forecasted to again impact CenterPoint Energy's service territory in Texas this week, the company's Emergency Response and Preparedness and Meteorology teams are actively monitoring weather models and preparing to support safe and reliable energy delivery through cold conditions. Both electric and natural gas teams across CenterPoint's Texas footprint are engaged in coordinated efforts to maintain readiness and prepare to address potential service impacts.
Company has installed more than 11,000 stronger, more storm-resilient poles across the region in five months, in addition to clearance of more vegetation miles and undergrounding of more power lines
When complete, GHRI Phase Two actions will improve reliability by saving customers more than 125 million fewer outage minutes annually
HOUSTON, Feb. 12, 2025 /PRNewswire/ -- Today, as part of the second phase of its Greater Houston Resiliency Initiative (GHRI), CenterPoint Energy shared its latest monthly progress update with new action milestones including the installation of more than 750 automated reliability devices, which will reduce both sustained interruptions and restoration times in storm events.
CenterPoint Energy Houston Electric's enhanced Systemwide Resiliency Plan (SRP) expected to reduce outage impacts due to extreme weather and storms by 1.3 billion minutes into 2029
100% of lines serving the most customers will have automation devices capable of self-healing; 99% of substations will be raised above the 500-year flood plain, more than 50% of CenterPoint's electric system will be undergrounded; and replace or install 130,000 stronger, more storm-resilient poles and braces
The 2026-2028 SRP will be the largest single resiliency investment in CenterPoint history and will help address the impact of a wide range of extreme weather and other threats
Settlement expected to result in approximately $50 million less revenue annually and a reduction in electric customer bills by about $1 a month for most customers while also continuing to deliver support for significant local economic growth and upgrades across Greater Houston area
Combination of rate case revenue reduction and other financial commitments, including some 2024 foregone storm recovery costs, would roughly equal the same amount that has been billed to CenterPoint customers for the temporary generation costs since 2021
CenterPoint crews and contractors continue working to restore the remaining customers out
As of noon today, CenterPoint Energy deactivated its Emergency Operations Center and returned to normal business operations
Company urges customers to heed local officials' warnings to stay off roads when possible, to help prevent potential accidents and outages
HOUSTON, Jan. 22, 2025 /PRNewswire/ -- Following the historic Winter Storm Enzo and an overnight hard freeze, CenterPoint Energy shared Wednesday that approximately 99 percent of its Greater Houston area customers had maintained normal electric service throughout the duration of the extreme winter weather event. As part of its storm response, CenterPoint crews responded safely and quickly to scattered outages that occurred across its 12-county service area, restoring power to those small number of impacted customers. Last night, the company released the 1,200 mutual aid workers it had brought in to prepare for Winter Storm Enzo.
As of 9 p.m. on Tuesday, CenterPoint crews have restored approximately 28,500 customers since midnight and continue safely responding to scattered customer outages
To ensure public safety, CenterPoint continues to urge everyone to stay off roads to help prevent potential accidents and outages
To support other states and communities, CenterPoint has released mutual aid workers to their home states
HOUSTON, Jan. 21, 2025 /PRNewswire/ -- With Winter Storm Enzo's exit from CenterPoint Energy's Texas service area, its sub-freezing temperatures will persist tonight across the Greater Houston area. CenterPoint shared that more than 99.9 percent of its customers continue to have power and receive normal electric service as of 9 p.m. on Tuesday. Over the last 21 hours, CenterPoint crews and contractors have been responding to scattered outages as they occur and will continue working to address potential impacts from the deep freeze expected overnight and into Wednesday morning.
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