CenterPoint Energy sets 2016 annual meeting of shareholders

Houston – CenterPoint Energy, Inc.'s (NYSE:CNP) Board of Directors today announced that the 2016 annual meeting of shareholders will be held on Thursday, April 28, 2016, at 9 a.m. CDT in the CenterPoint Energy Tower auditorium, 1111 Louisiana Street, Houston, Texas. Shareholders who hold shares of CenterPoint Energy as of March 3, 2016, will receive notice of the meeting and will be eligible to vote.
 
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.
2016-02-04T21:30:00Z
Join CenterPoint Energy employees in Read Across America

MINNEAPOLIS – CenterPoint Energy invites the public to help build a nation of readers by participating in Read Across America day on March 2. This event is held annually on the birthday of children’s author Dr. Seuss and serves to remind adults of the value and importance of reading to children.

“By reading to a child, you help open their imagination to the broader world,’ said Diane Englet, senior director of Community Relations for CenterPoint Energy.  “We invite you to select your favorite children’s book, pick a time and read with a child on this important day to share the value of reading. Once you begin, it can quickly become a habit with lifelong benefits.”

Across the nation, thousands of schools, libraries and community centers participate and individuals have pledged to spend part of their day reading to young people, helping them experience the magic and wonder that can be found in books. Additionally, adults and children are taking the oath to read every day. To participate and make a Read Across America Pledge visit NEA.org/Grants/ReadAcrossAmericaPledge.

CenterPoint Energy aims to enhance the quality of life in local communities by reaching out as a caring neighbor and is re-emphasizing its commitment to the local economy and the environment.  CenterPoint Energy continues to maintain a long-standing focus on education, community development and volunteer outreach.  To see what CenterPoint Energy is doing in the community, visit CenterPoint Energy.com/Community.

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. 

2016-02-02T20:00:00Z
CenterPoint Energy Announces Strategic Review of Enable Midstream Partners and Exploration of REIT

​​Houston - Feb. 1, 2016 - CenterPoint Energy, Inc. (NYSE: CNP) (the “Company” or “CenterPoint Energy”) today announced that it is evaluating strategic alternatives for the Company’s investment in Enable Midstream Partners (“Enable”), including a sale or spin-off qualifying under section 355 of the U.S. Internal Revenue Code. CenterPoint Energy currently owns a 50 percent general partner interest and a 55.4 percent limited partner interest in Enable, a publicly traded master limited partnership the Company jointly controls with OGE Energy Corp (NYSE: OGE).

Scott M. Prochazka, president and chief executive officer of CenterPoint Energy, said, “We are pleased with our investment in Enable, which has grown its distributions during 2015 and continues to enjoy volume growth despite a challenging commodity price environment. With continued connections and drilling activity across its system, Enable is well-positioned for long-term growth as commodity markets recover. We believe that now is the right time to explore options for unlocking the value of our strategic investment, reflecting our continuous commitment to drive value for shareholders.”

Additionally, the Company announced it will explore the use of the REIT business model for all or part of the utility businesses.

Mr. Prochazka continued, “The REIT structure has recently received significant attention in the regulated utility industry in Texas and could have substantial potential for CenterPoint. We will continue to study the possibilities and monitor developments, including related regulatory proceedings and will present any findings to our shareholders at the appropriate time.”

There can be no assurances that these initiatives will result in any specific action, and the Company does not intend to disclose further developments on these initiatives unless and until its Board approves a specific action in consultation with the Company’s financial and legal advisors.

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 management believes 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 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, (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 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 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 noted in CenterPoint Energy's Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2014, as well as in CenterPoint Energy's Quarterly Report on Form 10-Q for the quarter ended March 31, 2015, June 30, 2015, and Sept. 30, 2015, and other reports CenterPoint Energy or its subsidiaries may file from time to time with the Securities and Exchange Commission.

2016-02-01T12:05:00Z
CenterPoint Energy announces 2016 earnings guidance of $1.12 to $1.20 per diluted share
​​Houston – Feb. 1, 2016
  • ​Reaffirms 2015 full-year earnings guidance of $1.05 to $1.10 per diluted share
  • Reiterates target of 4-6% annual EPS growth in 2016, 2017 and 2018 on a guidance basis

CenterPoint Energy, Inc. (NYSE: CNP), today announced earnings guidance for 2016 to be in the range of $1.12 to $1.20 per diluted share and reaffirmed its expected earnings guidance for the year ending Dec. 31, 2015, to be in the range of $1.05 to $1.10 per diluted share.

Outlook for 2016​

Earnings guidance for 2016 includes a target of 4-6 percent earnings per share growth from existing businesses and investments. Additional accretive earnings per share benefits are expected to come from:

  • ​Investment of $363 million in Enable preferred security, and
  • Expansion of the company’s non-regulated Energy Services business.

2015 Earnings Guidance Reaffirmed​​

On a consolidated basis, CenterPoint Energy reaffirms earnings on a guidance basis for 2015 in the range of $1.05 to $1.10 per diluted share.

The guidance range for 2015 and for 2016 considers utility operations performance to date and certain significant variables that may impact utility operations earnings, such as weather, regulatory and judicial proceedings, throughput, commodity prices, effective tax rates, and financing activities. In providing this guidance, the company does not include other potential impacts, such as changes in accounting standards or unusual items, earnings 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 service business. 
In providing guidance, the company assumes for equity investments in midstream operations a 55.4 percent limited partner ownership interest in Enable Midstream and includes the amortization of CenterPoint Energy’s basis differential in its investment. The company's guidance takes into account such factors as Enable Midstream’s most recent public outlook dated Nov. 4, 2015, and effective tax rates. The company does not include other potential impacts such as any changes in accounting standards, impairments or Enable Midstream’s unusual items. At this time, the company expects to take a non-cash impairment on its interest in Enable Midstream in connection with preparation of its fourth quarter and full year 2015 financials.

Earnings Growth Outlook Reaffirmed​​

The company reiterates a target range of 4‐6 percent earnings growth per annum through 2018. The company also anticipates earnings per share contributions from Utility Operations and Midstream Investments of 70‐75 percent and 25‐30 percent, respectively.

Previously Disclosed Company News​

  • On Jan. 20, 2016, CenterPoint Energy’s board of directors declared a regular quarterly cash dividend of 25.75 cents per share, which represents a 4 percent increase from the previous quarterly dividend and if annualized, would equate to $1.03 per share.
  • On Jan. 29, 2016, CenterPoint Energy announced an agreement to invest $363 million in Enable Midstream Partners’ 10 percent perpetual preferred security.  Enable will redeem $363 million of notes payable to a wholly-owned subsidiary of CenterPoint Energy bearing rates of 2.1 percent to 2.45 percent due in 2017.  The transaction is expected to close prior to the end of the first quarter of 2016 and is expected to be accretive to CenterPoint Energy’s earnings. 
  • On Jan. 29, 2016, CenterPoint Energy Services, Inc., (CES) an indirect, wholly-owned subsidiary of CenterPoint Energy, Inc., announced that a purchase agreement had been signed to acquire Continuum’s energy services business for $77.5 million, plus working capital.

Fourth Quarter and Full Year Earnings Conference Call​​

CenterPoint Energy’s management will host an earnings call on Friday, Feb. 26, 2016, at 10 a.m. Central time or 11a.m. Eastern. Company executives will discuss the company’s 2015 earnings results as well as its revised capital expenditure forecast and the convergence of utility rate base and utility earnings growth. 
 
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 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, expected accretion, or expected impairment charges 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) timely and appropriate rate actions that allow recovery of costs and a reasonable return on investment; (4) the timing and outcome of any audits, disputes or other proceedings related to taxes; (5) 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; (6) 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; (7) 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; (8) weather variations and other natural phenomena, including the impact on operations and capital from severe weather events; (9) 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; (10) the impact of unplanned facility outages; (11) timely and appropriate regulatory actions allowing securitization or other recovery of costs associated with any future hurricanes or natural disasters; (12) changes in interest rates or rates of inflation; (13) 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; (14) actions by credit rating agencies; (15) effectiveness of CenterPoint Energy's risk management activities; (16) inability of various counterparties to meet their obligations; (17) non-payment for services due to financial distress of CenterPoint Energy's customers; (18) 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; (19) the ability of retail electric providers, and particularly the largest customers of the TDU, to satisfy their obligations to CenterPoint Energy and its subsidiaries; (20) the outcome of litigation brought by or against CenterPoint Energy or its subsidiaries; (21) CenterPoint Energy's ability to control costs, invest planned capital, or execute growth projects; (22) the investment performance of pension and postretirement benefit plans; (23) 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; (24) acquisition and merger activities involving CenterPoint Energy or its competitors; (25) future economic conditions in regional and national markets and their effects on sales, prices and costs; (26) 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 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; (27) effective tax rate; (28) other factors discussed in CenterPoint Energy's Annual Report on Form 10-K for the fiscal year ended December 31, 2014, as well as in CenterPoint Energy’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2015, June 30, 2015, September 30, 2015, and other reports CenterPoint Energy or its subsidiaries may file from time to time with the Securities and Exchange Commission.

Use of Non-GAAP Financial Measures​​

In addition to presenting its financial results in accordance with generally accepted accounting principles (GAAP), CenterPoint Energy also provides guidance based on adjusted diluted earnings per share, which is a non-GAAP financial measure. Generally, a non-GAAP financial measure is a numerical measure of a company’s historical or future financial performance that excludes or includes amounts that are not normally excluded or included in the most directly comparable GAAP financial measure.
 
Management evaluates financial performance in part based on adjusted diluted earnings per share and believes that presenting this non-GAAP financial measure enhances an investor’s understanding of CenterPoint Energy’s overall financial performance by providing them with an additional meaningful and relevant comparison of current and anticipated future results across periods by excluding items that Management does not believe most accurately reflect its fundamental business performance, which items include the items reflected in the reconciliation table of this news release. This non-GAAP financial measure should be considered as a supplement and complement to, and not as a substitute for, or superior to, the most directly comparable GAAP financial measure and may be different than non-GAAP financial measures used by other companies.

2016-02-01T12:00:00Z
CenterPoint Energy Enters Into Agreement to Invest $363 Million in Enable Midstream Partners’ Preferred Securities
​HOUSTON – Jan. 29, 2016 – 
  • ​​Enable to redeem $363 million of notes payable to a wholly-owned subsidiary of CenterPoint bearing rates of 2.1% to 2.45% due in 2017
  • CenterPoint to use proceeds from redemption to invest in Enable’s 10% perpetual preferred security

CenterPoint Energy, Inc. (NYSE: CNP) today announced that it has entered into an agreement with Enable Midstream Partners, LP regarding the early redemption of $363 million of notes payable to CenterPoint Energy Resources Corp., a CenterPoint indirect, wholly-owned subsidiary. CenterPoint will invest the proceeds from the redemption in Enable’s 10 percent Series A Fixed-to-Floating Non-Cumulative Redeemable Perpetual Preferred Units. The transaction is expected to close prior to the end of the first quarter of 2016 and is expected to be accretive to CenterPoint’s earnings. The closing will be subject to CenterPoint’s completion of its review of Enable’s audited financial statements for the year-ended Dec. 31, 2015, and certain customary closing conditions. Because the source of funds for the preferred securities investment will be the redemption of the notes, CenterPoint does not need to use either external sources or cash from operations to finance the investment.

“CenterPoint believes this investment will strengthen Enable’s capital structure, improve their credit metrics and financial liquidity, and eliminate debt maturities otherwise due in 2017,” said Bill Rogers, chief financial officer of CenterPoint Energy.  “We believe Enable’s financial strength remains a competitive advantage, benefiting all Enable unit holders.”

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 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, which include statements about our ability to close the preferred securities investment, the accretive effect of such investment on our earnings, the source of funds for the investment, and the effect of such investment on Enable’s capital structure, credit metrics, financial liquidity, debt maturities and financial strength, 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, the financial structure, future financial performance and 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 Enable Midstream and competitive conditions in the midstream industry, (4) other factors discussed in CenterPoint Energy's Annual Report on Form 10-K for the fiscal year ended December 31, 2014, as well as in CenterPoint Energy's Quarterly Report on Form 10-Q for the quarter ended March 31, 2015, June 30, 2015, and September 30, 2015, and other reports on Form 8-K CenterPoint Energy or its subsidiaries may file from time to time with the Securities and Exchange Commission, and (5) other factors discussed in Enable Midstream’s Annual Report on Form 10-K for the fiscal year ended December 31, 2014, as well as in Enable Midstream's Quarterly Report on Form 10-Q for the quarter ended March 31, 2015, June 30, 2015, and September 30, 2015, and other reports on Form 8-K Enable Midstream or its subsidiaries may file from time to time with the Securities and Exchange Commission.

2016-01-29T06:00:00Z
CenterPoint Energy Signs Agreement with Continuum Energy to Acquire Retail Energy Services Business

​​Houston – Jan. 29, 2016 – CenterPoint Energy Services, Inc., (CES) an indirect, wholly-owned subsidiary of CenterPoint Energy, Inc. (NYSE: CNP), and Continuum Energy, LLC, along with its wholly-owned subsidiary, Continuum Energy Services, LLC, today announced they have signed an agreement under which CES will acquire Continuum’s retail energy services business through the acquisition of Continuum Retail Energy Services, LLC, including its wholly-owned subsidiary Lakeshore Energy Services, LLC. The acquisition also includes the natural gas wholesale assets of Continuum Energy Services, LLC. The aggregate purchase price for the acquisition is $77.5 million plus working capital, subject to customary post-closing purchase price adjustments. With the addition of these businesses, CES would operate in 26 states and serve nearly 24,000 commercial and industrial customers and more than 65,000 individual Choice customers.

“Continuum has built an impressive retail energy services business, which complements our overall natural gas business strategy,” said Joe McGoldrick, executive vice president and president of CenterPoint Energy’s Gas Division. “With similar business models, customer-focus and risk management practices, this transaction positions CES to have access to more markets and efficiently grow our customer base, and we expect it to increase our total gross margin by 40 percent. This transaction is projected to be earnings per share accretive in 2016 and subsequent years.”

CES and the Continuum businesses both operate with a low value-at-risk, mitigating potential high-risk exposure to gas price and supply market fluctuations.  Their core functions are retail focused.

“We are excited about the opportunity for our retail energy services business to become part of CenterPoint Energy, a company with substantial scale and diverse markets, focused on quality customer service at competitive prices,” said Jason Few, president and chief executive officer of Continuum Energy. “This transaction allows Continuum to concentrate on growing its midstream business and solidifies an attractive business portfolio for our stakeholders as we move forward.” 

CES is part 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. Ranked among the top 20 natural gas energy services companies in the country based on volume, CES complements the company’s 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 1 trillion cubic feet of natural gas a year or 4 percent of the country’s throughput.

In 2014, CES marketed approximately 600 billion cubic feet of natural gas and related energy services and transportation to approximately 18,000 commercial and industrial customers in 19 states. Continuum marketed nearly 300 billion cubic feet of natural gas, related energy services and transportation to nearly 6,000 commercial and industrial customers in 2014.

The acquisition includes Continuum’s:

  • ​Retail business, which includes commercial and industrial transport customers in 25 states
  • Choice customers in California, Michigan, Nebraska, Ohio and Wyoming
  • Origination and logistics segment, which optimizes transport and storage capacity through its retail segment
Continuum will continue to operate its midstream, crude oil logistics and producer services businesses primarily in the Mid-Continent, Appalachia, West Texas and New Mexico and the Utica with more than 1,000 miles of gathering pipeline, 656 million cubic feet system capacity and 44,000 horsepower of compression.

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 the first quarter of 2016, 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.

Wells Fargo Securities LLC acted as financial advisor to CenterPoint Energy and Baker Hostetler LLP acted as their outside legal counsel. Citi acted as financial advisor to Continuum and Winston & Strawn acted as their outside legal counsel.

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 www.CenterPointEnergy.com​.

Continuum Energy

Continuum Energy is an integrated energy products and services company that serves over 500 producers and 90,000 retail customers across 25 states. The company owns and operates gathering, processing, treating, compression and transportation assets for natural gas, crude oil and NGLs. With midstream assets in key production areas throughout the United States, that includes more than 44,000 HP of compression, 1,000 miles of pipeline, rail terminal services, a transportation fleet, and marketing services, the company provides comprehensive services for both natural gas and crude oil producers.

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 the CES to access markets and its footprint, customer growth and future customer count, the accretive effect of the transaction and impact on future earnings and 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, 2014, as well as in CenterPoint Energy's Quarterly Report on Form 10-Q for the quarter ended March 31, 2015, June 30, 2015, and September 30, 2015, and other reports on Form 8-K CenterPoint Energy or its subsidiaries may file from time to time with the Securities and Exchange Commission.

 
2016-01-29T06:00:00Z
CenterPoint Energy linemen heading to North Carolina

​​HOUSTON January 22, 2016 - More than 50 CenterPoint Energy linemen and support personnel are departing for North Carolina this morning to be ready to help Duke Energy restore expected power outages caused by a massive winter storm.  

CenterPoint Energy crews are expected to arrive in Charlotte on Sunday and will work 12-16 hour days restoring power.
 
CenterPoint Energy partners with other utilities in mutual assistance agreements to lend a hand during widespread power outage emergencies. 

Over the years, CenterPoint Energy crews have restored power to hundreds of thousands of customers throughout the country who were left in the dark following hurricanes, ice storms, tornadoes and severe thunderstorms. 

2016-01-22T06:00:00Z
CenterPoint Energy issues important cold weather safety and energy efficiency tips

January 22, 2016 –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 at 800-992-7552. For more information on natural gas safety, visit CenterPointEnergy.com/Safety.

Cooler temperatures also mean increased energy usage. CenterPoint Energy recommends the following tips for a more efficient heating season: 

Furnace: A furnace is the largest natural gas consuming appliance.
  • Set your thermostat no higher than 68 degrees. If possible set it at 65 degrees when you are home and 60 degrees when you are away from home. 
  • Lowering your thermostat can help you save on your annual heating costs. Installing a programmable thermostat can help you automatically control your heat usage. Add on extra layers of clothing to keep warm.
  • Change your air filters monthly. A dirty filter restricts airflow and can increase the operating cost of your furnace by as much as 10 percent. A good reminder is to change the filter each time you receive your natural gas bill. 

Water heater: The water heater is the second-largest gas consuming appliance.
  • Set the water heater temperature at 120 degrees and wrap water heater pipes. Lowering the temperature to 120 degrees from 140 degrees and insulating your pipes can help you save on your water heating costs. 
Other appliances: Although they consume less natural gas, you can still maximize their efficiency.
  • Run your washing machine, dish washer and gas dryer only with full loads. 

Make your home more airtight and keep cold air outside:​
  • ​Seal leaks around doors, windows and other openings such as pipes or ducts, with caulk or weather-stripping. The most common places where air escapes in homes are floors, walls, ceilings, ducts, fireplaces, plumbing penetrations, doors, windows, fans, vents, and electrical outlets. 
  • If it has been a while, consider adding more insulation in your attic.
  • On sunny days, open draperies and blinds to let the sun’s warmth in. Close them at night to insulate against the cold air outside. 

2016-01-22T06:00:00Z
Carbon monoxide exposure incidents increase 10 percent during winter

MINNEAPOLIS – January 21, 2016 – Carbon monoxide (CO) incidents increase by more than 10 percent during the winter months.  CO is often called the silent killer; it is a colorless, odorless, tasteless gas which when inhaled, enters the blood stream preventing proper absorption of oxygen, leading to illness and even death.  According to the Minnesota State Fire Marshal Division, municipal fire departments across Minnesota respond to approximately 2,000 CO incidents or more each year; including serious injury or death. 

 “Typically, CO is created when fuels such as gasoline, wood, coal, natural gas, propane, oil or methane don’t burn completely,” said Tim Boettcher, master service technician for CenterPoint Energy’s Home Service Plus®. “Home heating and cooking equipment that burn fuel inadequately can be sources of carbon monoxide.” 

 “According to the Minnesota Poison Control Center, there are thousands of deaths each year as a result of carbon monoxide, making it the leading cause of death due to poisoning,” said Bryan Tyner, Minneapolis Fire Department Assistant Chief. “Additionally, our response to non-fire related CO incidents increase by 10 percent during the winter, so the time for prevention is now.”

CenterPoint Energy together with the Minneapolis Fire Department reminds the public of important safety tips about how to recognize the symptoms and signs of CO exposure
  • Flu-like symptoms including headaches, nausea, fatigue, confusion and dizziness that disappear when a person breathes fresh air.
  • ​Unusually high indoor humidity with persistent heavy condensation on walls and windows and soot or water collecting near a burner or vent can be an indication of CO.
  • Stuffy, stale or noticeably poor indoor air quality.
If you suspect CO exposure, leave the area immediately taking your pets with you and tell others to do the same. Once you are safely away from the area, call 911 to report the suspected CO incident.
 
Treatment for CO exposure is fresh air or oxygen. Severe exposure requires medical attention. Do not return to your home or building until the source of the problem is discovered and corrected.  

To prevent CO build up:​
  • As required by law, purchase a CO detection device with an audible alarm and digital display and install it no more than 10 feet from each sleeping quarter. Fuel-burning appliances, equipment and combustible engines all produce CO that can reach dangerous levels if improperly operated or maintained.   
  • ​Have fuel-burning equipment regularly checked by a qualified technician (most manufacturers recommend annual check-ups). 
  • ​​Never operate an automobile, lawn mower or any combustion engine, barbecue grill or similar equipment in an enclosed area such as your home, garage, tent, fish house, trailer or place of business, even with the door open. Any pollutants in the air from the garage, such as a car engine running, can travel into the structure and CO can accumulate.
  • Never leave a fire smoldering in a fireplace. 
  • Check frequently for visible signs of problems, such as high indoor humidity and soot or water collecting near a burner or vent.  
  • Equipment that uses natural gas should produce a clear blue flame. A yellow or orange flame may indicate a qualified technician should check for a potential problem with the equipment.
  • Provide adequate combustion air for all your appliances.
  • Be certain fuel-burning equipment properly vents to the outdoors. 
  • Keep vents, fresh air intakes and chimneys clear of debris or other obstructions and check for vent pipes that have gaps, leaks, spaces or are rusted through.
  • Never attempt to heat a room with a range, oven or clothes dryer 

For more information about natural gas safety, visit www.centerpointenergy.com/besafe​  or call 612-372-4727 or 1-800-245-2377.



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.

2016-01-21T06:00:00Z
CenterPoint Energy increases quarterly dividend 4% to 25.75 cents per share

Houston - Jan. 20, 2016 - CenterPoint Energy, Inc. (NYSE: CNP) announced today that the Board of Directors declared a regular quarterly cash dividend of $0.2575 per share of common stock, payable on March 10, 2016, to shareholders of record at the close of business on Feb. 16, 2016. This represents a 4 percent increase from the previous quarterly dividend of $0.2475 and if annualized, would equate to $1.03 per share.


“We are pleased with the increase in our dividend this quarter, as dividend and earnings per share growth are key components of our investment thesis,” said Scott M. Prochazka, president and chief executive officer of CenterPoint Energy. “This marks the 11th consecutive year we have increased our dividend.”​

About CenterPoint Energy, Inc. 

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 www.CenterPointEnergy.com.

2016-01-20T06:00:00Z

 Recent News

 

 

CenterPoint Energy sets 2016 annual meeting of shareholders

Houston – CenterPoint Energy, Inc.'s (NYSE:CNP) Board of Directors today announced that the 2016 annual meeting of shareholders will be held on Thursday, April 28, 2016, at 9 a.m. CDT in the CenterPoint Energy Tower auditorium, 1111 Louisiana Street, Houston, Texas. Shareholders who hold shares of CenterPoint Energy as of March 3, 2016, will receive notice of the meeting and will be eligible to vote.
 
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.
Join CenterPoint Energy employees in Read Across America

MINNEAPOLIS – CenterPoint Energy invites the public to help build a nation of readers by participating in Read Across America day on March 2. This event is held annually on the birthday of children’s author Dr. Seuss and serves to remind adults of the value and importance of reading to children.

“By reading to a child, you help open their imagination to the broader world,’ said Diane Englet, senior director of Community Relations for CenterPoint Energy.  “We invite you to select your favorite children’s book, pick a time and read with a child on this important day to share the value of reading. Once you begin, it can quickly become a habit with lifelong benefits.”

Across the nation, thousands of schools, libraries and community centers participate and individuals have pledged to spend part of their day reading to young people, helping them experience the magic and wonder that can be found in books. Additionally, adults and children are taking the oath to read every day. To participate and make a Read Across America Pledge visit NEA.org/Grants/ReadAcrossAmericaPledge.

CenterPoint Energy aims to enhance the quality of life in local communities by reaching out as a caring neighbor and is re-emphasizing its commitment to the local economy and the environment.  CenterPoint Energy continues to maintain a long-standing focus on education, community development and volunteer outreach.  To see what CenterPoint Energy is doing in the community, visit CenterPoint Energy.com/Community.

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. 

CenterPoint Energy Announces Strategic Review of Enable Midstream Partners and Exploration of REIT

​​Houston - Feb. 1, 2016 - CenterPoint Energy, Inc. (NYSE: CNP) (the “Company” or “CenterPoint Energy”) today announced that it is evaluating strategic alternatives for the Company’s investment in Enable Midstream Partners (“Enable”), including a sale or spin-off qualifying under section 355 of the U.S. Internal Revenue Code. CenterPoint Energy currently owns a 50 percent general partner interest and a 55.4 percent limited partner interest in Enable, a publicly traded master limited partnership the Company jointly controls with OGE Energy Corp (NYSE: OGE).

Scott M. Prochazka, president and chief executive officer of CenterPoint Energy, said, “We are pleased with our investment in Enable, which has grown its distributions during 2015 and continues to enjoy volume growth despite a challenging commodity price environment. With continued connections and drilling activity across its system, Enable is well-positioned for long-term growth as commodity markets recover. We believe that now is the right time to explore options for unlocking the value of our strategic investment, reflecting our continuous commitment to drive value for shareholders.”

Additionally, the Company announced it will explore the use of the REIT business model for all or part of the utility businesses.

Mr. Prochazka continued, “The REIT structure has recently received significant attention in the regulated utility industry in Texas and could have substantial potential for CenterPoint. We will continue to study the possibilities and monitor developments, including related regulatory proceedings and will present any findings to our shareholders at the appropriate time.”

There can be no assurances that these initiatives will result in any specific action, and the Company does not intend to disclose further developments on these initiatives unless and until its Board approves a specific action in consultation with the Company’s financial and legal advisors.

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 management believes 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 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, (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 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 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 noted in CenterPoint Energy's Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2014, as well as in CenterPoint Energy's Quarterly Report on Form 10-Q for the quarter ended March 31, 2015, June 30, 2015, and Sept. 30, 2015, and other reports CenterPoint Energy or its subsidiaries may file from time to time with the Securities and Exchange Commission.

CenterPoint Energy announces 2016 earnings guidance of $1.12 to $1.20 per diluted share
​​Houston – Feb. 1, 2016
  • ​Reaffirms 2015 full-year earnings guidance of $1.05 to $1.10 per diluted share
  • Reiterates target of 4-6% annual EPS growth in 2016, 2017 and 2018 on a guidance basis

CenterPoint Energy, Inc. (NYSE: CNP), today announced earnings guidance for 2016 to be in the range of $1.12 to $1.20 per diluted share and reaffirmed its expected earnings guidance for the year ending Dec. 31, 2015, to be in the range of $1.05 to $1.10 per diluted share.

Outlook for 2016​

Earnings guidance for 2016 includes a target of 4-6 percent earnings per share growth from existing businesses and investments. Additional accretive earnings per share benefits are expected to come from:

  • ​Investment of $363 million in Enable preferred security, and
  • Expansion of the company’s non-regulated Energy Services business.

2015 Earnings Guidance Reaffirmed​​

On a consolidated basis, CenterPoint Energy reaffirms earnings on a guidance basis for 2015 in the range of $1.05 to $1.10 per diluted share.

The guidance range for 2015 and for 2016 considers utility operations performance to date and certain significant variables that may impact utility operations earnings, such as weather, regulatory and judicial proceedings, throughput, commodity prices, effective tax rates, and financing activities. In providing this guidance, the company does not include other potential impacts, such as changes in accounting standards or unusual items, earnings 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 service business. 
In providing guidance, the company assumes for equity investments in midstream operations a 55.4 percent limited partner ownership interest in Enable Midstream and includes the amortization of CenterPoint Energy’s basis differential in its investment. The company's guidance takes into account such factors as Enable Midstream’s most recent public outlook dated Nov. 4, 2015, and effective tax rates. The company does not include other potential impacts such as any changes in accounting standards, impairments or Enable Midstream’s unusual items. At this time, the company expects to take a non-cash impairment on its interest in Enable Midstream in connection with preparation of its fourth quarter and full year 2015 financials.

Earnings Growth Outlook Reaffirmed​​

The company reiterates a target range of 4‐6 percent earnings growth per annum through 2018. The company also anticipates earnings per share contributions from Utility Operations and Midstream Investments of 70‐75 percent and 25‐30 percent, respectively.

Previously Disclosed Company News​

  • On Jan. 20, 2016, CenterPoint Energy’s board of directors declared a regular quarterly cash dividend of 25.75 cents per share, which represents a 4 percent increase from the previous quarterly dividend and if annualized, would equate to $1.03 per share.
  • On Jan. 29, 2016, CenterPoint Energy announced an agreement to invest $363 million in Enable Midstream Partners’ 10 percent perpetual preferred security.  Enable will redeem $363 million of notes payable to a wholly-owned subsidiary of CenterPoint Energy bearing rates of 2.1 percent to 2.45 percent due in 2017.  The transaction is expected to close prior to the end of the first quarter of 2016 and is expected to be accretive to CenterPoint Energy’s earnings. 
  • On Jan. 29, 2016, CenterPoint Energy Services, Inc., (CES) an indirect, wholly-owned subsidiary of CenterPoint Energy, Inc., announced that a purchase agreement had been signed to acquire Continuum’s energy services business for $77.5 million, plus working capital.

Fourth Quarter and Full Year Earnings Conference Call​​

CenterPoint Energy’s management will host an earnings call on Friday, Feb. 26, 2016, at 10 a.m. Central time or 11a.m. Eastern. Company executives will discuss the company’s 2015 earnings results as well as its revised capital expenditure forecast and the convergence of utility rate base and utility earnings growth. 
 
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 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, expected accretion, or expected impairment charges 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) timely and appropriate rate actions that allow recovery of costs and a reasonable return on investment; (4) the timing and outcome of any audits, disputes or other proceedings related to taxes; (5) 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; (6) 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; (7) 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; (8) weather variations and other natural phenomena, including the impact on operations and capital from severe weather events; (9) 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; (10) the impact of unplanned facility outages; (11) timely and appropriate regulatory actions allowing securitization or other recovery of costs associated with any future hurricanes or natural disasters; (12) changes in interest rates or rates of inflation; (13) 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; (14) actions by credit rating agencies; (15) effectiveness of CenterPoint Energy's risk management activities; (16) inability of various counterparties to meet their obligations; (17) non-payment for services due to financial distress of CenterPoint Energy's customers; (18) 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; (19) the ability of retail electric providers, and particularly the largest customers of the TDU, to satisfy their obligations to CenterPoint Energy and its subsidiaries; (20) the outcome of litigation brought by or against CenterPoint Energy or its subsidiaries; (21) CenterPoint Energy's ability to control costs, invest planned capital, or execute growth projects; (22) the investment performance of pension and postretirement benefit plans; (23) 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; (24) acquisition and merger activities involving CenterPoint Energy or its competitors; (25) future economic conditions in regional and national markets and their effects on sales, prices and costs; (26) 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 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; (27) effective tax rate; (28) other factors discussed in CenterPoint Energy's Annual Report on Form 10-K for the fiscal year ended December 31, 2014, as well as in CenterPoint Energy’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2015, June 30, 2015, September 30, 2015, and other reports CenterPoint Energy or its subsidiaries may file from time to time with the Securities and Exchange Commission.

Use of Non-GAAP Financial Measures​​

In addition to presenting its financial results in accordance with generally accepted accounting principles (GAAP), CenterPoint Energy also provides guidance based on adjusted diluted earnings per share, which is a non-GAAP financial measure. Generally, a non-GAAP financial measure is a numerical measure of a company’s historical or future financial performance that excludes or includes amounts that are not normally excluded or included in the most directly comparable GAAP financial measure.
 
Management evaluates financial performance in part based on adjusted diluted earnings per share and believes that presenting this non-GAAP financial measure enhances an investor’s understanding of CenterPoint Energy’s overall financial performance by providing them with an additional meaningful and relevant comparison of current and anticipated future results across periods by excluding items that Management does not believe most accurately reflect its fundamental business performance, which items include the items reflected in the reconciliation table of this news release. This non-GAAP financial measure should be considered as a supplement and complement to, and not as a substitute for, or superior to, the most directly comparable GAAP financial measure and may be different than non-GAAP financial measures used by other companies.

CenterPoint Energy Enters Into Agreement to Invest $363 Million in Enable Midstream Partners’ Preferred Securities
​HOUSTON – Jan. 29, 2016 – 
  • ​​Enable to redeem $363 million of notes payable to a wholly-owned subsidiary of CenterPoint bearing rates of 2.1% to 2.45% due in 2017
  • CenterPoint to use proceeds from redemption to invest in Enable’s 10% perpetual preferred security

CenterPoint Energy, Inc. (NYSE: CNP) today announced that it has entered into an agreement with Enable Midstream Partners, LP regarding the early redemption of $363 million of notes payable to CenterPoint Energy Resources Corp., a CenterPoint indirect, wholly-owned subsidiary. CenterPoint will invest the proceeds from the redemption in Enable’s 10 percent Series A Fixed-to-Floating Non-Cumulative Redeemable Perpetual Preferred Units. The transaction is expected to close prior to the end of the first quarter of 2016 and is expected to be accretive to CenterPoint’s earnings. The closing will be subject to CenterPoint’s completion of its review of Enable’s audited financial statements for the year-ended Dec. 31, 2015, and certain customary closing conditions. Because the source of funds for the preferred securities investment will be the redemption of the notes, CenterPoint does not need to use either external sources or cash from operations to finance the investment.

“CenterPoint believes this investment will strengthen Enable’s capital structure, improve their credit metrics and financial liquidity, and eliminate debt maturities otherwise due in 2017,” said Bill Rogers, chief financial officer of CenterPoint Energy.  “We believe Enable’s financial strength remains a competitive advantage, benefiting all Enable unit holders.”

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 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, which include statements about our ability to close the preferred securities investment, the accretive effect of such investment on our earnings, the source of funds for the investment, and the effect of such investment on Enable’s capital structure, credit metrics, financial liquidity, debt maturities and financial strength, 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, the financial structure, future financial performance and 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 Enable Midstream and competitive conditions in the midstream industry, (4) other factors discussed in CenterPoint Energy's Annual Report on Form 10-K for the fiscal year ended December 31, 2014, as well as in CenterPoint Energy's Quarterly Report on Form 10-Q for the quarter ended March 31, 2015, June 30, 2015, and September 30, 2015, and other reports on Form 8-K CenterPoint Energy or its subsidiaries may file from time to time with the Securities and Exchange Commission, and (5) other factors discussed in Enable Midstream’s Annual Report on Form 10-K for the fiscal year ended December 31, 2014, as well as in Enable Midstream's Quarterly Report on Form 10-Q for the quarter ended March 31, 2015, June 30, 2015, and September 30, 2015, and other reports on Form 8-K Enable Midstream or its subsidiaries may file from time to time with the Securities and Exchange Commission.

 Media Toolkit