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US15189T1079
State: 19.05.2025 | 4PM
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FIGI: BBG000FDBX90
CNP

Centerpoint Energy Inc
GICS: 55103010 · Sector: EQTY · Sub-Sector: Utilities—Regulated Electric
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Centerpoint Energy Inc
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US15189T1079
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Tue, 21.01.2025       Centerpoint Energy

As of 11 a.m. on Tuesday, CenterPoint had restored approximately 18,700 customers since the winter storm impacts began; 2,800 customers currently out of power

3,000 CenterPoint personnel and mutual assistance workers are responding to scattered outages across the Greater Houston area

Company urges customers and the public to continue following warnings to stay off roads, ensure their own safety and help prevent power outages

HOUSTON, Jan. 21, 2025 /PRNewswire/ -- As of 11 a.m., CenterPoint Energy announced that more than 99.9 percent of its Greater Houston area customers are receiving normal electric service even as Winter Storm Enzo continues to bring significant precipitation and sub-freezing temperatures to the region. As part of its storm mobilization efforts, approximately 3,000 CenterPoint frontline workers, contractors, and mutual aid personnel continue to respond to scattered outages across the 12-county area and have restored power to approximately 18,700 customers since 12:01 a.m. 2,800 customers currently remain out of power.

Mon, 20.01.2025       Centerpoint Energy

Forecasts converge on freezing precipitation and accumulation across Greater Houston as National Weather Service upgrades advisory to a Winter Storm Warning

Three staging sites set-up and approximately 1,200 additional mutual aid workers set to arrive tomorrow to support potential restoration efforts

CenterPoint to activate its emergency operations center Monday afternoon ahead of the projected start of precipitation

CenterPoint urges customers and the public to be weather alert and have a plan to stay safe and warm through freezing temperatures and precipitation

Sun, 19.01.2025       Centerpoint Energy

Forecasts converge on freezing precipitation and accumulation

Approximately 1,200 additional mutual aid workers will arrive by Monday

to support potential restoration efforts

National Weather Service issued Winter Storm Watch for the entire region

ERCOT Weather Watch issued for January 20 – 23 due to extreme cold weather across its region

CenterPoint customers urged to be weather alert and have a plan to stay safe and warm through freezing temperatures

HOUSTON, Jan. 18, 2025 /PRNewswire/ -- As weather models and forecasts for next week begin to converge, confidence is increasing in the potential for significant wintry precipitation and accumulation impacting the Greater Houston area starting Monday evening and continuing into next week. CenterPoint Energy continues to execute the company's cold weather readiness plan and is actively monitoring the evolving forecasts. CenterPoint has secured an additional 1,200 mutual aid workers who will arrive Monday. The company is also standing up three staging sites and pre-positioning crews to support potential restoration efforts.

Sat, 18.01.2025       Centerpoint Energy

Company continues monitoring the evolving weather situation over the MLK Jr Holiday weekend and is activating nearly 1,200 additional mutual aid workers to help execute potential restoration work

ERCOT has issued a Weather Watch for January 20-23 due to extreme cold weather across its region, meaning higher electrical demand, and the potential for lower reserves

CenterPoint urges customers to have a plan and make winter weather preparations to stay safe and warm

In the event of ice or freezing precipitation early next week causing outages, the expanded workforce will be utilized to restore service safely and as quickly as possible

Thu, 16.01.2025       Centerpoint Energy

Pre-winter readiness actions completed by the company in December; crews performing readiness checklists for electric and natural gas systems

Customers urged to have a plan and make preparations for potential freezing temperatures and wintry precipitation

Since August 2024, CenterPoint has conducted approximately 3,500 miles of higher risk tree trimming and vegetation across the Greater Houston area

HOUSTON, Jan. 15, 2025 /PRNewswire/ -- With cold temperatures again expected to impact CenterPoint Energy's service territory in Texas over the holiday weekend and into next week, the company's Emergency Response and Preparedness and Meteorology teams are actively monitoring weather forecasts and preparing to support safe and reliable energy delivery during cold and potentially icy conditions. Both electric and natural gas teams across CenterPoint's Texas footprint are engaged in coordinated efforts to maintain readiness and address potential service impacts.

Tue, 14.01.2025       Centerpoint Energy

New options available on X for Texas, Indiana, Ohio and Minnesota

Follow @CenterPoint_TX to receive the most up-to-date information on the company's operations in the Greater Houston area and across Texas for both electric and gas updates

HOUSTON, Jan. 14, 2025 /PRNewswire/ -- As part of CenterPoint Energy's commitment to continuously improving locally focused, relevant customer and public communications, the company is launching state-specific accounts in Texas, Indiana, Ohio and Minnesota on the social media platform X (previously known as Twitter). Alongside the company's main enterprise account, @CenterPoint, these accounts will provide more tailored local content and share valuable information on relevant company news, energy industry issues, weather updates, energy efficiency tips, emergency response and preparedness topics, as well as outage and restoration updates all tailored to the needs and interests of customers in each service territory.

Wed, 08.01.2025       Centerpoint Energy

CenterPoint has already completed its winter preparedness checklist and shared it with regulators and stakeholders and continues coordinating with emergency responders across Texas to prepare for expected winter storms this week

Company urges customers to stay alert ahead of changing weather conditions and have a personal emergency plan in place

HOUSTON, Jan. 8, 2025 /PRNewswire/ -- With severe winter weather conditions forecasted to impact much of West and East Texas later this week and into the weekend, Texas Governor Greg Abbott's office has activated the state's emergency response resources. CenterPoint Energy is continually monitoring the changing weather, deploying cold weather mitigations across its electric and gas infrastructure, mobilizing emergency response resources and coordinating with relevant local emergency responders and government officials in preparation for the approaching winter weather system. The company has a cold weather action plan in place and is proactively making preparations to respond to potential electric and natural gas service issues as safely and as quickly as possible.

Fri, 03.01.2025       Centerpoint Energy

Texas, Louisiana and Mississippi teams prepare for potential storms and severe weather this weekend and major cold snap next week

Indiana and Ohio teams prepare for ice and snowstorms expected next week

HOUSTON, Jan. 3, 2025 /PRNewswire/ -- CenterPoint Energy continues to actively monitor potentially severe cold weather projected to impact parts of the company's service territories in Texas, Louisiana, Mississippi, Indiana and Ohio over the coming days. CenterPoint has taken a series of proactive pre-winter preparedness actions to strengthen and winterize its electric and natural gas infrastructure across its multiple states, as well as inspect and test cold-weather critical equipment ahead of potential severe cold weather. The company has a cold weather action plan in place, based on forecasts that are continually changing, and is proactively leaning in to be prepared to respond to potential service issues as safely and as quickly as possible, with crews stationed across the communities it serves.

Tue, 31.12.2024       Centerpoint Energy

Company encourages customers to make 2025 their most energy efficient year yet

HOUSTON, Dec. 31, 2024 /PRNewswire/ -- CenterPoint Energy encourages customers to keep safety and energy efficiency top of mind with this simple New Year's resolution checklist that can help save energy, improve safety and simplify life at home. From small changes to big impacts, these tips can assist in starting the year off right.

Thu, 19.12.2024       Centerpoint Energy

Proposal would send all 15 large emergency generation units to the San Antonio region for two years starting in Spring 2025

Company would make no revenue or profit off the proposal to help ERCOT and the State; Greater Houston Area customer bills would be reduced starting in Spring 2025

HOUSTON, Dec. 19, 2024 /PRNewswire/ -- Today, CenterPoint Energy (CNP) proposed a solution to help the Electric Reliability Council of Texas (ERCOT) and the State of Texas to help offset the projected electricity supply shortfall starting in summer 2025 around the greater San Antonio region. CenterPoint has put forward a proposal to support ERCOT's and State's energy replacement needs while reducing Greater Houston Area customer bills beginning in Spring 2025.

Mon, 16.12.2024       Centerpoint Energy

Richard C. Leger appointed to lead CenterPoint Energy Gas business on a permanent basis

Bertha Villatoro elevated to Chief Human Resources Officer

Current CHRO Lynne Harkel-Rumford to retire

HOUSTON, Dec. 16, 2024 /PRNewswire/ -- CenterPoint Energy, Inc. (NYSE: CNP) today announced several senior leadership changes which will take effect on January 1, 2025. Those changes include the appointments of Richard C. Leger as Senior Vice President of CenterPoint's multi-state Gas business and Bertha Villatoro as Senior Vice President and Chief Human Resources Officer. Leger has served in the current lead Gas role on an interim basis since July 2024. He will report to President & Chief Executive Officer Jason Wells. Villatoro will report to Executive Vice President and General Counsel Monica Karuturi.

Mon, 16.12.2024       Centerpoint Energy

HOUSTON, Dec. 16, 2024 /PRNewswire/ -- CenterPoint Energy, Inc. (NYSE: CNP) today announced the appointment of Dean Seavers, former President of National Grid U.S. and Executive Director of National Grid's parent company, to its Board of Directors, effective Dec. 31, 2024. Seavers brings a background of deep electric and gas utility experience to the Board as well as currently serving as a Senior Advisor for Stifel Financial. His appointment will fill a vacancy on the Board and he is expected to stand for election as a director at the company's annual meeting of shareholders in 2025.

Fri, 13.12.2024       Centerpoint Energy

HOUSTON, Dec. 13, 2024 /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 March 13, 2025 to shareholders of record at the close of business on February 20, 2025. This quarterly dividend represents a $0.010 increase over the prior quarter. This dividend growth rate aligns with the high end of the company's previously announced 6-8% non-GAAP earnings per share growth target.

Fri, 13.12.2024       Centerpoint Energy

Holiday campaign to include daily social media tips to keep friends, family and neighbors safe during the holiday season and to promote the importance of preparedness and safety for winter storm season

HOUSTON, Dec. 13, 2024 /PRNewswire/ -- As part of a company-wide effort to prepare for extreme weather and the 2025 winter storm season, CenterPoint Energy is launching a new "12 Days of Holiday Safety" campaign.

Thu, 12.12.2024       Centerpoint Energy

Actions throughout GHRI Phase Two include installation of stronger poles, clearance of more vegetation miles, undergrounding of more power lines and additional "self-healing" devices

When complete, GHRI Phase Two actions will improve reliability by saving customers more than 125 million fewer outage minutes annually.

HOUSTON, Dec. 12, 2024 /PRNewswire/ -- Today, as part of the second phase of its Greater Houston Resiliency Initiative (GHRI), CenterPoint Energy shared it latest monthly progress update with new resiliency milestones including the installation of approximately 7,060 stronger, storm-resilient total poles in the last three months.

Thu, 12.12.2024       Centerpoint Energy

CenterPoint shares regulatory declaration of winter readiness and completion of key actions to inspect and test equipment, strengthen the grid, and prepare for winter storm events

Company participated in joint exercise with the Electric Reliability Council of Texas and other utility partners to prepare for extreme cold-weather events

HOUSTON, Dec. 12, 2024 /PRNewswire/ -- Today, as part of its 2025 winter storm readiness efforts, CenterPoint Energy shared the completion of key actions to prepare for the coming winter season and mitigate potential impacts of extreme cold weather events. The pre-winter storm readiness actions CenterPoint is taking include: (1) inspecting and testing cold-weather critical equipment; (2) submitting a formal declaration of winter preparedness to regulatory oversight agencies; and (3) coordinating emergency plans with utility partners and grid operators, including a joint training exercise with the Electric Reliability Council of Texas (ERCOT).

Tue, 26.11.2024       Centerpoint Energy

The company filed a settlement agreement with the Minnesota Public Utilities Commission reached with intervenors on its 2023 rate case

MINNEAPOLIS, Nov. 25, 2024 /PRNewswire/ -- Today, CenterPoint Energy filed a settlement agreement with the Minnesota Public Utilities Commission (Commission) for its rate case submitted in November 2023, to adjust natural gas distribution service rates in 2024 and 2025. The company reached a settlement agreement with all intervening parties including: Minnesota Department of Commerce, Minnesota Office of Attorney General – Residential Utilities Division, Citizens Utility Board of Minnesota, International Union of Operating Engineers Local 49, LIUNA of Minnesota and North Dakota, and Suburban Rate Authority.

Wed, 20.11.2024       Centerpoint Energy

Company has installed or replaced nearly 4,600 stronger storm-resilient poles; cleared more than 800 miles of higher-risk vegetation; undergrounded more than 100 miles of power lines; and installed dozens of new, intelligent grid switching devices

HOUSTON, Nov. 19, 2024 /PRNewswire/ -- CenterPoint Energy today released the first of its public progress updates on the actions being taken throughout the Greater Houston 12-county area as part of Phase Two of its Greater Houston Resiliency Initiative (GHRI). In the first two months of the program, and in preparation for the 2025 hurricane season, CenterPoint has installed nearly 4,600 storm-resilient poles designed to better withstand extreme winds; installed more than 100 miles of power lines underground to reduce the impact of extreme weather; cleared more than 800 miles of hazardous vegetation to improve reliability; and installed more self-healing automation devices to help improve overall restoration times. CenterPoint is taking all of these actions and enhancements as part of the company's goal of building the most resilient coastal grid in the nation."This summer, we accomplished a significant level of increased system hardening in the first phase of the Greater Houston Resilience Initiative. Since then, as we have been fully engaged in delivering the additional set of actions in our second phase of GHRI, we continue to make significant progress as we work toward our ultimate goal of becoming the most resilient coastal grid in the country. Now, and in the months to come, we will remain laser-focused on completing these critical resiliency actions and building the more reliable and more resilient energy system our customers expect and deserve," said Darin Carroll, CenterPoint Energy Senior Vice President of CenterPoint Energy's Electric Business.GHRI Phase Two: Progress UpdateCenterPoint announced on September 30 the launch of Phase Two of the GHRI, which included a series of actions to strengthen resiliency, enable a self-healing grid and reduce the duration and impact of power outages. Through early November, significant progress has been made across its service area, including:

Thu, 14.11.2024       Centerpoint Energy

Announcement follows completion of 350 more miles of newly hardened powerlines, on top of additional resiliency and hardening actions completed during Phase One of the Greater Houston Resiliency Initiative.

HOUSTON, Nov. 14, 2024 /PRNewswire/ -- CenterPoint Energy today announced the completion of the last of its 42 critical initial actions and commitments it made to state leaders and customers in the aftermath of Hurricane Beryl to immediately strengthen the electric system and improve its storm response. All 42 actions and commitments have been achieved ahead of schedule.  

Sat, 09.11.2024       Centerpoint Energy

Company plans to spread emergency Derecho response costs of approximately $450 million across 15 years; Customer bill impact expected to be about $1 per month Financial method expected to save customers more than $50 million in interest charges Derecho storm caused more than an estimated $5 billion in damages across the Greater Houston area unrelated to CenterPoint infrastructure

HOUSTON, Nov. 8, 2024 /PRNewswire/ -- As part of its commitment to keeping customer bills more affordable, CenterPoint Energy today filed the first phase of a securitization plan (a lower cost way of financing recovery costs over a longer time period time) with the Public Utility Commission of Texas (PUCT) that would minimize the customer impact of the major May 2024 Derecho and late May storms, that resulted in approximately $450 million in repair, equipment and emergency response costs outside of CenterPoint's normal annual rates as set by the PUCT. Using this method of financing is expected to save customers more than $50 million in interest charges over the 15-year period. 

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