CenterPoint Energy making significant progress restoring service following natural gas outage in Paragould

HOUSTON – December 2, 2016 - CenterPoint Energy has made progress in restoring natural gas service to approximately 450 customers in Paragould, Ark. Customers have been without gas service because of a disruption in the company's gas supply which occurred yesterday afternoon.

"We called in additional employees from other parts of Arkansas which allowed us to turn off each customer's meter yesterday," said Terry Rollins, district director for CenterPoint Energy. "We are now beginning the process of going home to home to restore service to each customer."

The relighting process requires CenterPoint Energy employees to have access to each location to light pilots and check to make sure it is safe to resume service.

"We understand this is an inconvenience, but we appreciate our customers' cooperation and patience," Rollins said. "If at all possible, we'd like to ask that customers be at home since it is necessary for our employees to go inside to restore natural gas service.

"A customer needs to call us only if there is a door hanger at their home or business indicating that we've already been by to attempt to restore service. Please call the number on the door tag left by our service personnel."

For safety reasons, the company urges customers not to turn any valves or tamper with the natural gas meter. Opening or turning any valves could allow air to enter the natural gas lines, which would hinder the re-pressurization process.

"We estimate that all customers who are home will have service restored by this evening," Rollins said.

For updates, follow CenterPoint Energy on Twitter: @CNPAlerts.

2016-12-02T06:00:00Z
CenterPoint Energy reports natural gas outage for customers in Paragould, Arkansas

Houston – December 1, 2016 - CenterPoint Energy is experiencing a natural gas outage on the east side of Paragould, Arkansas that is affecting about 450 customers.

"Safety is our number one priority as we work to restore natural gas service," said Terry Rollins, district director for CenterPoint Energy. "As part of our procedure, we have begun the process this afternoon of turning off each customer's natural gas meter; our goal is to have each meter turned off by later this evening.

"We will then work to ensure that the natural gas distribution lines are clear of air. Once the lines are clear, our certified service technicians will begin performing a series of safety checks to ensure there is no risk involved in restoring gas service," Rollins added. "To perform these inspections, CenterPoint Energy service technicians will need to enter each home or business; we expect this process to begin tomorrow morning and continue throughout the day tomorrow. We have also brought in technicians from other parts of the state to assist in restoring gas service."

"There is no need to call us as we make our initial assessments," Rollins said. "We anticipate restoring service to most customers by end of day tomorrow. At this time, no action is required on the part of the customer. If an adult over age 18 is not at the service address when a technician arrives, the company will leave a door hanger with instructions."

For safety reasons, the company urges customers not to turn any valves or tamper with the natural gas meter. Opening or turning any valves could allow air to enter the natural gas lines, which would hinder the restoration process.

For updates, follow CenterPoint Energy on Twitter: @CNPAlerts.

2016-12-01T06:00:00Z
CenterPoint Energy issues important cold weather safety tips

HOUSTON – November 30, 2016 – As the temperatures drop, CenterPoint Energy reminds natural gas customers of some important tips to stay safe and warm this season.

Carbon monoxide (CO) is a poisonous gas that is colorless, odorless, tasteless and non-irritating, and any fuel-burning appliance in the home has the potential to produce CO. To prevent CO buildup:

  • Have your heating system checked annually by a qualified heating and air conditioning technician.
  • Follow manufacturers' operating instructions properly for gas heating equipment.
  • Do not use stovetop burners or ovens to heat a room since they are not designed for this use.
  • Make sure to follow the blue flame rule. Natural gas flames should burn blue except natural gas fireplace logs which burn orange to have a more realistic wood burning look.
  • Crack windows slightly if using unvented space heaters.
  • Consider buying a CO detector as another line of defense against CO poisoning. CenterPoint Energy recommends buying one with an audible alarm and continuous digital display; make sure it is tested to the national standard for residential CO detectors (UL2034 or IAS NO. 6-96).

 If you are in a room with operating gas equipment and experience a headache, followed by dizziness and nausea, you may be experiencing CO poisoning. Get fresh air immediately, and call CenterPoint Energy. For more information on natural gas safety, visit CenterPointEnergy.com/Safety.

2016-11-30T06:00:00Z
CenterPoint Energy joins the Global #GivingTuesday Movement

​​HOUSTON, TX – November 29, 2016 – CenterPoint Energy has joined #GivingTuesday, a global day of giving that harnesses the power of individuals, communities and organizations to encourage philanthropy and to celebrate generosity worldwide. Today, more than 800 gifts will be collected for the Salvation Army’s Angel Tree Program in advance of the Christmas holiday in the company’s Houston region, and approximately 350 gifts are expected to be collected in Minnesota next week.

Since 1889, the Salvation Army has provided Christmas assistance to disadvantaged families and individuals to ensure that they have a wonderful holiday season. CenterPoint Energy has been a long-time supporter of the program, collecting more than 4,200 donations over the past seven years, helping to provide a merry Christmas for more than 4,000 families in the Greater Houston area. 
 
“We are so excited to once again participate in the Salvation Army’s Angel Tree Program,” said Diane Englet, senior director of Community Relations for CenterPoint Energy. “This cause brings so much joy and excitement to our employees. Every year they look forward to receiving their Angel Tree tags and have continued to increase the number they request. It truly is a heartwarming sight to see the smiles on their faces as they bring in their gifts on collection day!”

Because of the generosity of employees throughout CenterPoint Energy’s service territory, countless other organizations have received financial and volunteer support over the years. Last year, CenterPoint Energy partnered with local blood drives to donate a total of 4,830 pints of blood, which is the equivalent of saving more than 14,000 lives.  

“With more than 203,000 hours of volunteer service provided by employees in 2015, valued by the Independent Sector at $4.7 million, CenterPoint Energy has been able to offer support for organizations that do so much for so many, throughout the company’s service territory,” added Englet.  

To learn more about what CenterPoint Energy is doing in your community, visit CenterPointEnergy.com/Community. 

About #GivingTuesday

#GivingTuesday is a movement to celebrate and provide incentives to give—the 2016 iteration will be held on November 29, 2016. This effort harnesses the collective power of a unique blend of partners—nonprofits, businesses and corporations as well as families and individuals—to transform how people think about, talk about and participate in the giving season. #GivingTuesday inspires people to take collaborative action to improve their local communities, give back in better, smarter ways to the charities and causes they celebrate and help create a better world. #GivingTuesday harnesses the power of social media to create a global moment dedicated to giving around the world. 

​To learn more about #GivingTuesday participants and activities or to join the celebration of giving, please visit:



​View an infographic about CenterPoint Energy's contribution to #GivingTuesday here​.


CenterPoint Energy, Inc., headquartered in Houston, Texas, is a domestic energy delivery company that includes electric transmission & distribution, natural gas distribution and energy services operations. The company serves more than five million metered customers primarily in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma, and Texas. The company also owns a 55.4 percent limited partner interest in Enable Midstream Partners, a publicly traded master limited partnership it jointly controls with OGE Energy Corp.,  which owns, operates and develops natural gas and crude oil infrastructure assets. With more than 7,800 employees, CenterPoint Energy and its predecessor companies have been in business for more than 140 years. For more information, visit the website at www.CenterPointEnergy.com. 



2016-11-29T06:00:00Z
CenterPoint Energy files to change natural gas rates for Houston-area customers

​Filing meets the statutory requirement to file a rate case and seeks:

  • Consolidation of rates for Houston and Texas Coast Divisions,
  • Recovery of increased costs of delivering safe, reliable gas service, and
  • ​Establishment of a Safety and System Integrity Rider to recover expenses incurred due to  pipeline safety and integrity regulations 
HOUSTON – November 16, 2016 - CenterPoint Energy today filed with municipal regulatory authorities and the Texas Railroad Commission to change the company’s natural gas distribution rates for Houston-area customers. The company is required by Texas statute to file a rate case for its Houston Division. The effect on individual monthly bills will vary depending on natural gas use. 

“We are proposing to change the base rate portion of the bill not only because of the statutory requirement to file, but also because the cost of distributing natural gas to our customers  has continued to increase since our last standard rate case in 2010,” said Randy Pryor, CenterPoint Energy’s vice president of Gas Operations. “Earning a reasonable return on investment is critical to our ability to continue to operate a safe system and to meet the needs of customers now and in the future.”

The principal reasons CenterPoint Energy is making this filing are to:

  • Meet a statutory requirement to file a rate case,
  • Consolidate its Houston and Texas Coast Divisions to reflect the way the divisions are operationally and geographically aligned and to achieve administrative efficiencies, 
  • Increase rates to address increases in the cost of distributing natural gas to customers and so that the Company may continue investing in safe and reliable infrastructure now and in the future, and 
  • Establish a Safety and System Integrity Rider (SSI) to recover expenses incurred as a result of natural gas pipeline safety and integrity regulations.

 If approved, customers throughout Houston and surrounding areas will have a single set of rate schedules and charges for their natural gas service.  Residential customers within the Houston and Texas Coast Divisions would pay the same fixed monthly charge of $16.75 and the same usage rate of $0.08514 for each hundred cubic feet (Ccf) of gas used. Residential customers throughout Houston and surrounding areas would also pay a uniform rate for the cost of gas which the company passes on to customers with no mark up. 

An average residential bill with usage of 34 Ccf would be approximately $38 per month, excluding taxes.  If approved, the new rates would go into effect in the 2nd quarter of 2017 and generate approximately $31 million in additional revenue on an annual basis.

CenterPoint Energy, Inc., headquartered in Houston, Texas, is a domestic energy delivery company that includes electric transmission & distribution, natural gas distribution and energy services operations. The company serves more than five million metered customers primarily in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma, and Texas. The company also owns a 55.4 percent limited partner interest in Enable Midstream Partners, a publicly traded master limited partnership it jointly controls with OGE Energy Corp.,  which owns, operates and develops natural gas and crude oil infrastructure assets. With more than 7,800 employees, CenterPoint Energy and its predecessor companies have been in business for more than 140 years. For more information, visit the Web site at www.CenterPointEnergy.com. 

This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  These forward-looking statements are based upon assumptions of management which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. Actual events and results may differ materially from those expressed or implied by these forward-looking statements. Any statements in this news release regarding future events, such as future regulatory actions on the filing with municipal regulatory authorities and the Texas Railroad Commission and the impact of such actions, and any other statements that are not historical facts are forward-looking statements. Each forward-looking statement contained in this news release speaks only as of the date of this release.


2016-11-16T22:05:00Z
CenterPoint Energy recognizes November 16 as Utilities United Against Scams Day

Houston, TX - November 16, 2016 – CenterPoint Energy is proud to join fellow utilities in the gas and electric sectors to observe Utilities United Against Scams Day (UUASD) on Wednesday, November 16, and raise awareness about utility scams throughout the week. 

Most utility scams involve criminals posing as electric, gas or water provider employees - either in person or over the phone or internet - demanding immediate payment via cash or reloadable debit cards, supposedly in order to prevent service disconnection. These criminals can be very convincing and often target those who are most vulnerable, including the elderly and non-native English speakers. However, with the right information customers can learn to avoid and report these scams. 

CenterPoint Energy employees will never contact customers and threaten them with service disconnection. Any individual posing as a CenterPoint Energy employee who will not direct a customer to the Interactive Voice Response system or to our website to collect payment information, should be considered suspicious and reported to CenterPoint Energy and local authorities.

Customers who believe they have been targeted by utility scammers should follow these tips:

  • ​Hang up the phone or close the door and call your utility company’s verified direct phone number.  If you are in the Houston area and the scam is about your electric service, you can find this number on your Retail Electric Provider’s website or on your electric utility bill. If related to your gas service, you can find the appropriate contact information on your CenterPoint Energy natural gas bill, or by visiting CenterPointEnergy.com. Do not give the caller or visitor a prepaid card, such as a Green Dot card, a wire transfer or any other form of payment that may be difficult to trace. 
  • ​Ignore suspicious requests for personal information such as bank account numbers, user names and passwords, credit card numbers or Social Security numbers.
  • Delete any emails from utilities that are not your service provider or that require immediate action to provide or verify personal information.
  • ​Contact your local police through the non-emergency telephone number, or your state attorney general’s office, or contact the FTC: https://www.ftccomplaintassistant.gov/

UUASD is a collaborative effort among the electric, gas and water utility industries to help prevent utility service fraud through education, awareness and customer advocacy initiatives. A primary goal of this collective effort is to help customers learn how to identify and avoid utility-related scams.

CenterPoint Energy, Inc., headquartered in Houston, Texas, is a domestic energy delivery company that includes electric transmission & distribution, natural gas distribution and energy services operations. The company serves more than five million metered customers primarily in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma, and Texas. The company also owns a 55.4 percent limited partner interest in Enable Midstream Partners, a publicly traded master limited partnership it jointly controls with OGE Energy Corp., which owns, operates and develops natural gas and crude oil infrastructure assets. With more than 7,800 employees, CenterPoint Energy and its predecessor companies have been in business for more than 140 years. For more information, visit the website at CenterPointEnergy.com.


2016-11-16T06:00:00Z
Minnesota utilities join first ever national campaign to protect customers from scammers

MINNEAPOLIS – November 15, 2016 – Gas and electric utility companies across the United States and Canada as well as the Better Business Bureau of Minnesota (BBB) are joining forces to protect customers from long-running scams targeting customers of utility service providers. Reports of phone, email billing and door to door scams are back again and represent thousands of dollars lost by customer victims. That is why Minnesota utilities are participating in the first national Utilities United Against Scams (UUAS) event and have designated November 16th as “Utilities United Against Scams Day.”  This day will be supported by a week-long campaign focused on exposing the tricks scammers use to steal money, and how customers can protect themselves.  

 “These schemes often ramp up with the change in seasons,” said Dana Badgerow, president and CEO of the BBB of Minnesota and North Dakota. “Like most scams, it plays on peoples’ fears and has proven to be quite effective, unfortunately.” 

During the phone scam, a customer receives a phone call from an individual who falsely claims to be a utility representative. The scammer warns that the utility will disconnect the customer’s electric or natural gas service if the customer fails to make a payment – usually within a short timeframe. ​

Scammers have even duplicated utilities’ telephone messages and automated response systems so when customers call phone numbers provided by the scammer it sounds legitimate. Some of these scammers also use caller ID spoofing to replicate utilities’ customer service numbers. 

 The campaign encourages the public to share these messages to help guard against scam activity.  Some Minnesota utilities experience an increase of more than 30 percent in customer scam attempts when colder temperatures set in.

Red flags for scam activity 
  • The scammer tells the customer his or her account is past due and service will be disconnected if a large payment isn’t made – usually within less than an hour. 
  • The scammer instructs the customer to purchase a pre-paid debit or credit card – widely available at retail stores – then instructs the customer to call back to supposedly make a payment to the utility.
How to protect yourself 
  • Utilities never ask or require a customer with a past due account to purchase a prepaid debit card to avoid disconnection. 
  • ​Customers with past due accounts receive an advance disconnection notification by mail– not a single notification one hour before disconnection. 
  • ​Know which utility providers serve you.
  • ​If you suspect someone is trying to scam you, hang up and call your utility at the phone number listed on your bill and report it to the BBB. Never dial the phone number the scammers provide. 
  • Customers, who suspect or experience fraud, or feel threatened during contact with one of these scams, should contact local authorities.
The utility companies of Minnesota and the BBB continue to enhance efforts to educate the public.  For the first time, in 2014, Minnesota utilities joined forces with the BBB to launch “Slam the Scam” - a coalition and awareness campaign aimed at warning customers and preventing scams.   The coalition is encouraging customers who think they are being targeted by a scammer to simply end the conversation and “slam” down the phone.  

The Better Business Bureau of Minnesota is closely tracking these types of scams.

UUAS is a collaborative effort among the electric, gas, and water utility industries to help prevent utility service fraud through education, awareness, and customer advocacy initiatives. A primary goal of this collective effort is to help customers learn how to identify and avoid utility-related scams.

You can learn more about the UUAS effort at www.eei.org including further tips and resources to help spot and avoid utility scams. 

CenterPoint Energy, Inc., headquartered in Houston, Texas, is a domestic energy delivery company that includes electric transmission & distribution, natural gas distribution and energy services operations. The company serves more than five million metered customers primarily in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma, and Texas. The company also owns a 55.4 percent limited partner interest in Enable Midstream Partners, a publicly traded master limited partnership it jointly controls with OGE Energy Corp., which owns, operates and develops natural gas and crude oil infrastructure assets. With more than 7,400 employees, CenterPoint Energy and its predecessor companies have been in business for more than 140 years.​
2016-11-15T06:00:00Z
Veteran receives generator through CenterPoint Energy’s Power a Hero program

Houston, TX – November 8, 2016 - Marine Corps Corporal Jack Goodroe and his wife Laurel recently received a natural gas standby generator through CenterPoint Energy’s Power a Hero program. 

During his second deployment to Iraq, Goodroe sustained a multitude of injuries from an improvised explosive device (IED). Today, Goodroe deals with daily pain and the hindrance of his injuries. 

“It’s now just a way of life. I’ve learned to live with it and accept it,” admits Goodroe. “I require a CPAP machine at night while sleeping. When we lost power during Ike, my wife and I had to stay with friends that had electricity.  Now I can stay in my home knowing that the power will always be on thanks to the generator.  That’s not only very reassuring, but it means I can return the favor and come to the aid of friends should they lose power.” 

To learn more about CenterPoint Energy’s Power a Hero program, visit CenterPointEnergy.com/Generators​

2016-11-08T06:00:00Z
CenterPoint Energy reports third quarter 2016 earnings of $0.41 per diluted share and updates full year guidance to $1.16 - $1.20
  • ​​​​Strong utility performance driven by customer growth and rate relief
  • Midstream Investments expected to contribute earnings at the high end of the $0.24 - $0.28 guidance range for 2016
  • Company continues to target 4-6% annual earnings growth through 2018 
Houston, TX – November 4, 2016 - CenterPoint Energy, Inc. (NYSE: CNP) today reported net income of $179 million, or $0.41 per diluted share, for the third quarter of 2016, compared with a $391 million loss or a loss of $0.91 per diluted share for the same period of the prior year. The third quarter 2015 loss included pre-tax impairment charges totaling $862 million related to midstream investments.  Excluding the impairment charges, third quarter 2015 net income would have been $146 million or $0.34 per diluted share. On a guidance basis, third quarter 2016 earnings were $0.41 per diluted share, consisting of $0.31 from utility operations and $0.10 from midstream investments.  On the same guidance basis and excluding the impairment charges, third quarter 2015 earnings would have been $0.34 per diluted share, consisting of $0.24 from utility operations and $0.10 from midstream investments.   

Operating income for the third quarter of 2016 was $284 million, compared with $265 million in the third quarter of the prior year. Equity income from midstream investments was $73 million for the third quarter of 2016, compared with a $794 million loss for the same period in the prior year, which includes the impairment charges noted above.

“Utility operations and midstream investments both performed well in the third quarter,” said Scott M. Prochazka, president and chief executive officer of CenterPoint Energy.  “As a result, we are adjusting guidance to the higher end of the range for 2016.”  

E
lectric Transmission & Distribution

The electric transmission & distribution segment reported operating income of $257 million for the third quarter of 2016, consisting of $234 million from the regulated electric transmission & distribution utility operations (TDU) and $23 million related to securitization bonds. Operating income for the third quarter of 2015 was $244 million, consisting of $219 million from the TDU and $25 million related to securitization bonds. 

Operating income for the TDU benefited primarily from rate relief, customer growth and higher equity return, primarily related to true-up proceeds.  These benefits were partially offset by higher depreciation and other taxes.  

Natural Gas Distribution

The natural gas distribution segment reported operating income of $22 million for the third quarter of 2016, compared with $11 million for the same period of 2015. Operating income benefited from rate relief, revenue from decoupling mechanisms, lower bad debt expense and lower sales and use tax.  These benefits were partially offset by higher depreciation and increased labor and benefit expenses. 

Energy Services

The energy services segment reported operating income of $5 million for the third quarter of 2016 compared with $7 million for the same period in the prior year.  Third quarter operating income for 2016 included a mark-to-market accounting loss of $2 million, compared to a gain of $5 million for the same period of the prior year.  Excluding mark-to-market adjustments, operating income would have been $7 million in the third quarter of 2016 and $2 million in the third quarter of 2015.    

Midstream Investments
The midstream investments segment reported $73 million of equity income for the third quarter of 2016, compared with a $794 million loss in the third quarter of the prior year, which includes the impairment charges noted above.  For the third quarter of 2015, the impairments were partially offset by equity earnings of $68 million. 
Enable Midstream declared a quarterly cash distribution of $0.318 per common and subordinated unit on November 1, 2016.  Please refer to Enable Midstream’s November 2, 2016 earnings press release for details.

Dividend Declaration

On October 27, 2016, CenterPoint Energy’s board of directors declared a regular quarterly cash dividend of $0.2575 per share of common stock payable on December 9, 2016, to shareholders of record as of the close of business on November 16, 2016. 

Outlook for 2016

On a consolidated basis, CenterPoint Energy updates earnings on a guidance basis for 2016 to the range of $1.16 – $1.20 per diluted share.  
The guidance range considers utility operations performance to date and certain significant variables that may impact earnings, such as weather, regulatory and judicial proceedings, throughput, commodity prices, effective tax rates, and financing activities. In providing this guidance, the company uses a non-GAAP measure of adjusted diluted earnings per share that does not consider other potential impacts, such as changes in accounting standards or unusual items, earnings or losses from the change in the value of the ZENS securities and the related stocks, or the timing effects of mark-to-market accounting in the company’s Energy Services business. 
 
In providing guidance, the company assumes for midstream investments a 55.4 percent limited partner ownership interest in Enable Midstream and includes the amortization of CenterPoint Energy’s basis difference in Enable Midstream. CenterPoint Energy’s guidance takes into account such factors as Enable Midstream’s most recent public outlook for 2016, dated November 2, 2016, and effective tax rates. The company does not include other potential impacts such as any changes in accounting standards or Enable Midstream’s unusual items.

Filing of Form 10-Q for CenterPoint Energy, Inc.

Today, CenterPoint Energy, Inc. filed with the Securities and Exchange Commission (SEC) its Quarterly Report on Form 10-Q for the period ended September 30, 2016. A copy of that report is available on the company’s website, under the Investors section. Other filings the company makes with the SEC and certain documents relating to its corporate governance can also be found under the Investors section. 

Webcast of Earnings Conference Call​

CenterPoint Energy’s management will host an earnings conference call on Friday, November 4, 2016 at 10 a.m. Central time or 11 a.m. Eastern time. Interested parties may listen to a live audio broadcast of the conference call on the company’s website under the Investors section. A replay of the call can be accessed approximately two hours after the completion of the call and will be archived on the website for at least one year.

CenterPoint Energy, Inc., headquartered in Houston, Texas, is a domestic energy delivery company that includes electric transmission & distribution, natural gas distribution and energy services operations. The company serves more than five million metered customers primarily in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma, and Texas. The company also owns a 55.4 percent limited partner interest in Enable Midstream Partners, a publicly traded master limited partnership it jointly controls with OGE Energy Corp.,  which owns, operates and develops natural gas and crude oil infrastructure assets. With more than 7,800 employees, CenterPoint Energy and its predecessor companies have been in business for more than 140 years. For more information, visit the website at www.CenterPointEnergy.com.

This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based upon assumptions of management which are believed to be reasonable at the time made and are subject to significant risks and uncertainties.  Actual events and results may differ materially from those expressed or implied by these forward-looking statements. Any statements in this news release regarding future earnings, and future financial performance and results of operations, including, but not limited to earnings guidance, targeted dividend growth rate and any other statements that are not historical facts are forward-looking statements. Each forward-looking statement contained in this news release speaks only as of the date of this release. Factors that could affect actual results include (1) state and federal legislative and regulatory actions or developments affecting various aspects of CenterPoint Energy's businesses (including the businesses of Enable Midstream Partners (Enable Midstream)), including, among others, energy deregulation or re-regulation, pipeline integrity and safety, health care reform, financial reform, tax legislation, and actions regarding the rates charged by CenterPoint Energy's regulated businesses; (2) state and federal legislative and regulatory actions or developments relating to the environment, including those related to global climate change; (3) recording of non-cash goodwill, long-lived asset or other than temporary impairment charges by or related to Enable Midstream; (4) timely and appropriate rate actions that allow recovery of costs and a reasonable return on investment; (5) the timing and outcome of any audits, disputes or other proceedings related to taxes; (6) problems with construction, implementation of necessary technology or other issues with respect to major capital projects that result in delays or in cost overruns that cannot be recouped in rates; (7) industrial, commercial and residential growth in CenterPoint Energy's service territories and changes in market demand, including the effects of energy efficiency measures and demographic patterns; (8) the timing and extent of changes in commodity prices, particularly natural gas and natural gas liquids, and the effects of geographic and seasonal commodity price differentials, and the impact of commodity changes on producer related activities; (9) weather variations and other natural phenomena, including the impact on operations and capital from severe weather events; (10) any direct or indirect effects on CenterPoint Energy's facilities, operations and financial condition resulting from terrorism, cyber-attacks, data security breaches or other attempts to disrupt its businesses or the businesses of third parties, or other catastrophic events; (11) the impact of unplanned facility outages; (12) timely and appropriate regulatory actions allowing securitization or other recovery of costs associated with any future hurricanes or natural disasters; (13) changes in interest rates or rates of inflation; (14) commercial bank and financial market conditions, CenterPoint Energy's access to capital, the cost of such capital, and the results of its financing and refinancing efforts, including availability of funds in the debt capital markets; (15) actions by credit rating agencies; (16) effectiveness of CenterPoint Energy's risk management activities; (17) inability of various counterparties to meet their obligations; (18) non-payment for services due to financial distress of CenterPoint Energy's and Enable Midstream’s customers; (19) the ability of GenOn Energy, Inc. (formerly known as RRI Energy, Inc.), a wholly owned subsidiary of NRG Energy, Inc., and its subsidiaries to satisfy their obligations to CenterPoint Energy and its subsidiaries; (20) the ability of retail electric providers, and particularly the largest customers of the TDU, to satisfy their obligations to CenterPoint Energy and its subsidiaries; (21) the outcome of litigation; (22) CenterPoint Energy's ability to control costs, invest planned capital, or execute growth projects; (23) the investment performance of pension and postretirement benefit plans; (24) potential business strategies, including restructurings, joint ventures, and acquisitions or dispositions of assets or businesses, for which no assurance can be given that they will be completed or will provide the anticipated benefits to CenterPoint Energy; (25) acquisition and merger activities and successful integration of such activities, involving CenterPoint Energy or its competitors; (26) the ability to recruit, effectively transition and retain management and key employees and maintain good labor relations; (27) future economic conditions in regional and national markets and their effects on sales, prices and costs; (28) the performance of Enable Midstream, the amount of cash distributions CenterPoint Energy receives from Enable Midstream, and the value of its interest in Enable Midstream, and factors that may have a material impact on such performance, cash distributions and value, including certain of the factors specified above and: (A) the integration of the operations of the businesses contributed to Enable Midstream; (B) the achievement of anticipated operational and commercial synergies and expected growth opportunities, and the successful implementation of  Enable Midstream’s business plan; (C) competitive conditions in the midstream industry, and actions taken by Enable Midstream’s customers and competitors, including the extent and timing of the entry of additional competition in the markets served by Enable Midstream; (D) the timing and extent of changes in the supply of natural gas and associated commodity prices, particularly natural gas and natural gas liquids, the competitive effects of the available pipeline capacity in the regions served by Enable Midstream, and the effects of geographic and seasonal commodity price differentials, including the effects of these circumstances on re-contracting available capacity on Enable Midstream’s interstate pipelines; (E) the demand for crude oil, natural gas, NGLs and transportation and storage services; (F) changes in tax status; (G) access to growth capital; and (H) the availability and prices of raw materials for current and future construction projects; (29) effective tax rate; (30) the effect of changes in and application of accounting standards and pronouncements; (31) other factors discussed in CenterPoint Energy’s Annual Report on Form 10-K for the fiscal year ended December 31, 2015, as well as in CenterPoint Energy’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2016, June 30, 2016 and September 30, 2016 and other reports CenterPoint Energy or its subsidiaries may file from time to time with the Securities and Exchange Commission.


2016-11-04T10:00:00Z
CenterPoint Energy signs agreement with subsidiary of Atmos Energy Corporation to acquire retail energy services business

​​Houston - Oct. 31, 2016 - CenterPoint Energy Services, Inc. (CES), an indirect, wholly-owned subsidiary of CenterPoint Energy, Inc.,(NYSE:CNP) announced that it had signed an agreement under which CES will acquire Atmos Energy’s retail energy services business, Atmos Energy Marketing, LLC (AEM). The purchase price for the acquisition is $40 million plus working capital subject to customary post-closing purchase price adjustments. These assets will be combined with CenterPoint Energy’s non-regulated Energy Services business, which when finalized, will operate in six additional states for a total of 32 states, and deliver in excess of one trillion cubic feet of natural gas to approximately 100,000 customers (33,000 metered commercial and industrial customers and 65,000 individual Choice retail customers). 

AEM is a full-service natural gas marketing company that provides natural gas supply and asset management services to utilities, local distribution companies, and industrial and commercial facilities as well as municipals, power plants and natural gas producers.

“This is an exciting time for our CES business with a second announced acquisition this year,” said Joe Vortherms, vice president of CES. “AEM has built an impressive business, which will enable CES to more effectively access new markets and customer segments, grow our customer base and gross margins, and maintain our low value-at-risk, cost-effective organizational structure. Their complementary operational and geographic footprints will provide CES with the kind of scale, geographic reach, and expanded capabilities that will enable it to grow, while maintaining a focus on excellent customer service.” 

The acquisition of AEM consists of:
  • Gas supply, which includes a diverse supplier portfolio of large and small gas producers and marketers,
  • ​Gas supply management (nominations, scheduling, balancing),
  • Contract management and
  • Storage options and services. 

CES and AEM: A strategic and operational fit 
  • Similar low value-at-risk models, with a core focus on retail.
  • AEM adds approximately 400 Bcf of additional natural gas throughput.
  • ​Pro forma, CES will deliver in excess of one trillion cubic feet of natural gas to approximately 100,000 customers in 32 states.

Transaction Terms and Other Details
The transaction, financed from internally generated cash flow or borrowings under CenterPoint Energy’s commercial paper programs, is expected to close in early 2017, subject to customary closing conditions, the expiration of any Hart-Scott-Rodino waiting period and receipt of certain third-party consents. The transaction has been approved by the board of directors of both companies.​

BakerHostetler acted as outside legal counsel and J.P. Morgan acted as financial advisor to CenterPoint Energy.
CenterPoint Energy

CenterPoint Energy, Inc., headquartered in Houston, Texas, is a domestic energy delivery company that includes electric transmission & distribution, natural gas distribution and energy services operations. The company serves more than five million metered customers primarily in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma, and Texas. The company also owns a 55.4 percent limited partner interest in Enable Midstream Partners, a publicly traded master limited partnership it jointly controls with OGE Energy Corp., which owns, operates and develops natural gas and crude oil infrastructure assets. With more than 7,400 employees, CenterPoint Energy and its predecessor companies have been in business for more than 140 years. For more information, visit the website at CenterPointEnergy.com.

CenterPoint Energy Services

CES is an indirect, wholly-owned subsidiary of CenterPoint Energy, an electric and natural gas energy delivery company headquartered in Houston with more than 140 years of experience in the utility and retail energy industry. CES is focused on its low value-at-risk commercial retail business. CES is a profitable business that complements CenterPoint Energy’s natural gas distribution business by providing gas purchase options to customers across multiple states. Combined, CES and the company’s natural gas distribution business deliver more than one trillion cubic feet of natural gas a year.

This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, which include the ability of the companies to receive regulatory and other approvals and close the transaction, the ability of CES to access new markets and customer segments, its footprint, expanded capabilities, customer growth and future customer count and the impact on future earnings, gross margin and future operations, are based upon assumptions of management which are believed to be reasonable at the time made and are subject to significant risks and uncertainties.  Actual events and results may differ materially from those expressed or implied by these forward-looking statements. Any statements in this news release regarding future earnings, growth, performance, results of operations and any other statements that are not historical facts are forward-looking statements. Each forward-looking statement contained in this news release speaks only as of the date of this release. Factors that could affect actual results include (1) the ability of the parties to satisfy the conditions precedent and consummate the proposed transactions and the timing of the consummation of the proposed transactions, (2) factors related to our business and the economy, including commodity prices, (3) the performance of the companies, (4) competitive conditions in the industry, (5) state and federal legislative and regulatory actions or developments affecting various aspects of the businesses and (6) other factors discussed in CenterPoint Energy's Annual Report on Form 10-K for the fiscal year ended December 31, 2015, as well as in CenterPoint Energy's Quarterly Report on Form 10-Q for the quarters ended March 31, 2016, and June 30, 2016, and other reports on Form 8-K CenterPoint Energy or its subsidiaries may file from time to time with the Securities and Exchange Commission.





2016-10-31T05:00:00Z
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