CenterPoint Energy invites the public to join the fun, support a great cause

​​MINNEAPOLIS– August 14, 2015 – In order to spread awareness for National 811 Day, a day observed each year to remind homeowners and excavators to call 811 before digging; CenterPoint Energy has teamed up with local utility and marking companies for the 811 Run/Walk. The 5K Run/Walk will take place around the west side of Lake Calhoun tomorrow at 8:11 a.m. ​

The event will be emceed by Megan Newquist, news anchor for 5 Eyewitness News. Newquist expresses her support toward local charities and enjoys running in her spare time, making her a positive addition to this year’s Minnesota 811 Run/Walk.

This 5K Run/Walk will be an event for the whole family to enjoy. The 811 Run/Walk will be followed by a kids fun run, awards ceremony for top finishers, prize giveaway drawings for attendees in 811 apparel, a safety fair with a band and fire gear from the Minneapolis and St. Paul fire departments that can be tried on. Spectators are also welcome to attend this event to cheer on the participants and take part in the other planned activities throughout the day.

All proceeds from the 811 Run/Walk will benefit Operation Warm, an organization that provides warm winter coats to children in need.  CenterPoint Energy and the other utility and marking companies are partnering with the Minneapolis and St. Paul fire departments to bring this exciting event to the community. 

For more information about this event, visit the 811 Run/Walk page, or follow the Minnesota 811 Run on Facebook and Twitter.

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. The utility also operates a non-regulated business in Minnesota called Home Service Plus®​. For more information, visit the website at CenterPointEnergy.com​.

2015-08-14T05:00:00Z
CenterPoint Energy reports natural gas outage for customers in Texas City area

Houston – August 14, 2015 - CenterPoint Energy is experiencing a natural gas outage in the Texas City area that is affecting about 700 customers.
 
“Safety is our number one priority as we work to restore natural gas service,” said Randall Sanders, district director for CenterPoint Energy. “We have begun the process this afternoon of turning off the flow of gas to 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. To perform these inspections, CenterPoint Energy service technicians will need to enter each home or business; we expect this process to begin late tonight and continue throughout the day tomorrow. We have also brought in technicians from other parts of our service territory to assist in restoring gas service”
 
“There is no need to call us as we make our initial assessments,” Sanders added. “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​.

2015-08-14T05:00:00Z
August 11 (8/11) Serves as a Good Reminder to Always Call Before Digging

HOUSTON– August 11, 2015 – Today’s date of 8/11 is a natural reminder for everyone to call the national “Call Before You Dig” number, 811 prior to any digging project. One free call to 811 before digging can prevent injuries, property damage, service disruption and possibly costly fines for damaged infrastructure.​

“CenterPoint Energy spends millions of dollars annually to enhance the safety and reliability of our underground utility lines in the communities we serve. The public can do their part by calling 811 before every digging project,” said Joe Berry, manager of Underground Locating for CenterPoint Energy. “When a call is made to 811, 99 percent of the time there is no damage to vital underground utility lines.”
 
When homeowners call 811, they connect to their local One Call Center, which then notifies the appropriate utility companies of the homeowner’s intent to dig. Professional locators are sent to the requested digging site to mark the approximate locations of underground lines with flags, spray paint or both. The flags and spray paint notify workers of the underground gas lines and to dig carefully.

The depth of utility lines varies and there may be multiple utility lines in a common area. So, whether it’s a small project like planting trees or shrubs or hiring a professional for an outdoor project, smart digging means calling 811 before each job.

For more information, visit call811.com.

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.

2015-08-11T05:00:00Z
CenterPoint Energy awards grants to communities for initiatives

​MINNEAPOLIS – August 11, 2015 – CenterPoint Energy’s Community Partnership Grant Program awards grants to local communities to fund safety-related equipment and projects.  The company recently awarded the City of Fridley a $1,300 grant for protective clothing for water and ice r​escues that will be used to serve the community.

“At CenterPoint Energy our number one priority is safety.  We are proud that through our grant program, we are able to help cities leverage local funds to purchase needed safety equipment, training or provide financial support for important safety-related projects,” said Jean Krause, Community Relations Director for CenterPoint Energy.  “Through these types of grant programs we can strengthen the communities we serve.”
Over the past 13 years, through its Community Partnership Grant Program, CenterPoint Energy has contributed over $1 million dollars in donations to communities for safety initiatives.  To see what CenterPoint Energy is doing in the community, please visit CenterPointEnergy.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. The utility also operates a non-regulated business in Minnesota called Home Service Plus®. For more information, visit the website at CenterPointEnergy.com.

2015-08-11T05:00:00Z
CenterPoint Energy reports second-quarter 2015 earnings of $0.18 per diluted share; reaffirms full-year guidance of $1.00 – $1.10 per diluted share
  • Company continues to execute strategy for timely recovery of capital through key rate filings in Texas and Minnesota
  • Enable Midstream reaffirmed 2015 distribution growth guidance and provided outlook of 3-7% per-unit annual distribution growth through 2017
  • Company targets annual dividend growth in line with EPS growth through 2018

Houston, TX – August 10, 2015 - CenterPoint Energy, Inc. (NYSE: CNP) today reported net income of $77 million, or $0.18 per diluted share, for the second quarter of 2015, compared with $107 million, or $0.25 per diluted share for the same period of the prior year. On a guidance basis, for the second quarter 2015, CenterPoint Energy earned 19 cents per diluted share consisting of 13 cents from utility operations and 6 cents from midstream investments.   

Utility operations produced $186 million of operating income for the second quarter of 2015, equal to operating income for the same quarter of the prior year. Equity income from midstream investments was $43 million for the second quarter of 2015, compared with $71 million for the same period in the prior year. 

"We remain focused on investing in infrastructure to meet the needs of our growing customer base.  Our utilities delivered strong financial results, and we continue to seek timely recovery of our investments," said Scott M. Prochazka, president and chief executive officer of CenterPoint Energy. "Additionally, Enable is performing as expected in a challenging commodity market, and we remain confident in their growth strategy."

Business Segment

Electric Transmission & Distribution

The electric transmission & distribution segment reported operating income of $158 million for the second quarter of 2015, consisting of $131 million from the regulated electric transmission & distribution utility operations (TDU) and $27 million related to securitization bonds. Operating income for the second quarter of 2014 was $145 million, consisting of $115 million from the TDU and $30 million related to securitization bonds. Operating income for the TDU benefited primarily from higher usage largely due to a return to more normal weather ($13 million), higher net transmission-related revenues ($8 million) and

continued strong customer growth ($5 million). These benefits were partially offset by reduced equity return related to true-up proceeds ($5 million).   

Natural Gas Distribution

The natural gas distribution segment reported operating income of $19 million for the second quarter of 2015, compared with $30 million for the same period of 2014. Operating income was lower, primarily due to reduced usage as a result of colder than normal weather in 2014 ($5 million) and higher depreciation expense ($6 million).   

Energy Services

The energy services segment reported operating income of $9 million for the second quarter of 2015, which included a mark-to-market accounting gain of $2 million, compared with $11 million for the same period of 2014, which included a mark-to-market accounting gain of $6 million. Excluding mark-to-market accounting gains, the $2 million increase in operating income in the second quarter of 2015 was due to improved margins and a decrease in operation and maintenance expenses.

Midstream Investments

The midstream investments segment reported $43 million of equity income for the second quarter of 2015, compared with $71 million in the same quarter of the prior year. 

Cash distributions received in the second quarter of 2015 were $73 million. Further, Enable Midstream declared a quarterly cash distribution on July 22, 2015, from which CenterPoint Energy expects to receive approximately $74 million. This represents an increase of approximately 1.1 percent over the prior quarterly distribution.

Enable Midstream provided outlook for per unit distributions to grow at 3-7 percent annually through 2017. Please refer to their August 5, 2015, earnings press release for details.

Dividend Declaration

On July 24, 2015, CenterPoint Energy's board of directors declared a regular quarterly cash dividend of $0.2475 per share of common stock payable on September 10, 2015, to shareholders of record as of the close of business on August 14, 2015.

Dividend Growth Outlook 

CenterPoint Energy is targeting 4-6 percent annual earnings per share growth on a guidance basis through 2018, inclusive of midstream investments, and anticipates dividend growth to be in line with EPS growth. CenterPoint Energy remains committed to providing a secure dividend with stable, competitive growth. Consistent with this strategy, CenterPoint Energy's board of directors will continue to review quarterly dividends, which will be based upon factors such as recent and projected earnings growth and financial liquidity.

Outlook for 2015

CenterPoint Energy reaffirms that its earnings estimate for 2015 utility operations is in the range of $0.71 - $0.75 per diluted share. The company expects its 2015 earnings estimate from midstream investments to be in the range of $0.29 - $0.35 per diluted share. On a consolidated basis, CenterPoint Energy reaffirms earnings on a guidance basis for 2015 in the range of $1.00 - $1.10 per diluted share. We anticipate utility operations earnings for 2015 near the high end of the range while midstream investments' earnings are anticipated to be near the low end of the range provided.

The utility operations guidance range considers 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 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 for equity investments in midstream operations, the company assumes a 55.4 percent limited partner ownership interest in Enable Midstream and includes the amortization of our basis differential in Enable Midstream. The company's guidance takes into account such factors as Enable Midstream's most recent public outlook for 2015 dated August 5, 2015, 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. 

Q2 Financial Table

Q2 Reg G Table

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 June 30, 2015. 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 Monday, August 10, 2015, at 10:30 a.m. Central time or 11:30 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 7,400 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 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, and June 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. A reconciliation of net income and diluted earnings per share to the basis used in providing 2015 guidance is provided in this news release.

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.

 

###

2015-08-10T12:30:00Z
CenterPoint Energy reports natural gas outage for customers in Drew, Miss.

Houston - At approximately 10 p.m. Tuesday, CenterPoint Energy experienced an equipment malfunction at a regulator station, the point where the company receives natural gas from its supplier. To be safe, the company began turning off natural gas service to approximately 800 customers. 

"Safety is our number one priority and there was never any danger to the community," said Bobby Burns, operations director for CenterPoint Energy. "Later today, our certified service technicians will begin the process of performing a series of safety checks to ensure there is no risk involved in restoring gas service. We have also brought in technicians from other parts of our service territory to assist in restoring gas service."

"There is no need to call us as we make our initial assessments. And while we anticipate restoring service to most customers today, any premise that is not restored by 9 p.m. will be scheduled for completion Thursday starting at 6 a.m.," added Burns.

To perform these inspections, CenterPoint Energy service technicians will need to enter each home or business. At this time, no action is required on the part of the customer. If an adult over the age of 18 is not at the service address when a technician arrives, the company will leave a door hanger with instructions.

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

2015-08-05T05:00:00Z
​CenterPoint Energy files to change natural gas distribution rates for customers in Minnesota
​​​MINNEAPOLIS –August 3, 2015- CenterPoint Energy today filed an application with the Minnesota Public Utilities Commission (MPUC) to change the company’s natural gas distribution rates.  If approved, the new rates would generate approximately $54 million or 6 percent in additional revenue on an annual basis. The effect on individual monthly bills will vary depending on natural gas use. If approved, the net impact of the new rates will increase the average residential customer’s bill by about $5 per month.
 
“Our significant investments, such as our ongoing pipeline replacement programs, maintain the safety and reliability of our natural gas system and benefit our customers and communities,” said Joe Vortherms, division vice president of CenterPoint Energy’s regional gas operations. “These capital investments, which are the primary reasons for this proposed increase, help ensure that we have a modernized, technologically advanced natural gas system that will continue to meet the needs of customers now and in the future.” 
 
This filing seeks approval to change the distribution charge on a customer’s natural gas bill, which makes up about 40 to 50 percent of the total bill and covers the cost of distributing natural gas. The filing does not apply to the cost of natural gas, which is the wholesale price the company pays for natural gas, and makes up about 50 to 60 percent of the bill. The wholesale price of natural gas changes monthly depending on market prices and is passed on directly to customers with no mark-up.
 
The proposed change affects two components that make up the distribution charge portion of a customer’s bill:
  • ​First, CenterPoint Energy is proposing to increase the monthly Basic Charge for residential customers from $9.50 to $11.50 a month.
  • Second, the company is proposing to increase the Delivery Charge from the current $0.18977 per therm (which includes the $0.00519 per therm for the Gas Affordability Service Program) to $0.22405 per therm.
The principal reasons CenterPoint Energy is proposing to change base rates are to:
  • ​Recover the company’s significant capital expenditures in its Minnesota service area. In accordance with natural gas pipeline safety and integrity regulations, these capital expenditures are necessary to maintain a safe and reliable system, to respond to significant public improvement requirements on the system and to modernize the system with technology improvements.
  • Establish rates for all customers groups that better reflect the actual costs of providing service to those customers.
  • Achieve an overall revenue recovery level that meets the company’s financial objectives. 
The MPUC is generally allowed 10 months to issue a final decision on general rate filings, however, if the MPUC approves, interim (temporary) rates are expected to take effect on Oct. 2, 2015, and will be in place until a final decision is made. If the final rates are lower than interim rates, CenterPoint Energy will refund customers the difference including interest. If final rates are higher than interim rates, customers will receive no additional charges for natural gas used while interim rates were in effect.
 
Customers with questions about the proposed change to natural gas distribution rates can call CenterPoint Energy at 612-372-4727 or toll-free 800-245-2377, or visit the company’s website at CenterPointEnergy.com/RateCase.
 
Additionally, public hearings will be held to provide customers and other interested parties the opportunity to comment on the rate request, followed by formal hearings at the MPUC.

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.
 
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 MPUC application, 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.  
2015-08-03T20:30:00Z
CenterPoint Energy awards grants to communities for safety initiatives

​​MINNEAPOLIS – August 5, 2015 – CenterPoint Energy’s Community Partnership Grant Program awards grants to local communities to fund safety-related equipment and projects.  The company recently awarded the City of Eden Valley a $2,000 grant for SCBA air cylinders (self-contained breathing apparatus), back plate with LDV holder and a quick connect adaptor that will be used to serve the community.

“At CenterPoint Energy our number one priority is safety.  We are proud that through our grant program, we are able to help cities leverage local funds to purchase needed safety equipment, training or provide financial support for important safety-related projects,” said Jean Krause, Community Relations Director for CenterPoint Energy.  “Through these types of grant programs we can strengthen the communities we serve.”

Over the past 13 years, through its Community Partnership Grant Program, CenterPoint Energy has contributed over $1 million dollars in donations to communities for safety initiatives.  To see what CenterPoint Energy is doing in the community, please visit CenterPointEnergy.com/co​​mmunity.

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. The utility also operates a non-regulated business in Minnesota called Home Service Plus®. For more information, visit the website at CenterPointEnergy.com​.

2015-08-03T05:00:00Z
CenterPoint Energy awards grants to communities for safety initiatives

MINNEAPOLIS – August 4, 2015 – CenterPoint Energy’s Community Partnership Grant Program awards grants to local communities to fund safety-related equipment and projects.  The company recently awarded the City of St. James a $2,500 grant for a gear dryer for fire fighter response gear that will be used to serve the community.

“At CenterPoint Energy our number one priority is safety.  We are proud that through our grant program, we are able to help cities leverage local funds to purchase needed safety equipment, training or provide financial support for important safety-related projects,” said Jean Krause, Community Relations Director for CenterPoint Energy.  “Through these types of grant programs we can strengthen the communities we serve.”

Over the past 13 years, through its Community Partnership Grant Program, CenterPoint Energy has contributed over $1 million dollars in donations to communities for safety initiatives.  To see what CenterPoint Energy is doing in the community, please visit CenterPointEnergy.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. The utility also operates a non-regulated business in Minnesota called Home Service Plus®. For more information, visit the website at CenterPointEnergy.com.​

2015-08-03T05:00:00Z
CenterPoint Energy awards grants to communities for safety initiatives

MINNEAPOLIS – August 4, 2015 – CenterPoint Energy’s Community Partnership Grant Program awards grants to local communities to fund safety-related equipment and projects.  The company recently awarded the City of South Haven a $2,500 grant for first responder equipment bags for fire & rescue calls that will be used to serve the community.

“At CenterPoint Energy our number one priority is safety.  We are proud that through our grant program, we are able to help cities leverage local funds to purchase needed safety equipment, training or provide financial support for important safety-related projects,” said Jean Krause, Community Relations Director for CenterPoint Energy.  “Through these types of grant programs we can strengthen the communities we serve.”

Over the past 13 years, through its Community Partnership Grant Program, CenterPoint Energy has contributed over $1 million dollars in donations to communities for safety initiatives.  To see what CenterPoint Energy is doing in the community, please visit CenterPointEnergy.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. The utility also operates a non-regulated business in Minnesota called Home Service Plus®. For more information, visit the website at CenterPointEnergy.com.​

2015-08-03T05:00:00Z

 Recent News

 

 

CenterPoint Energy invites the public to join the fun, support a great cause

​​MINNEAPOLIS– August 14, 2015 – In order to spread awareness for National 811 Day, a day observed each year to remind homeowners and excavators to call 811 before digging; CenterPoint Energy has teamed up with local utility and marking companies for the 811 Run/Walk. The 5K Run/Walk will take place around the west side of Lake Calhoun tomorrow at 8:11 a.m. ​

The event will be emceed by Megan Newquist, news anchor for 5 Eyewitness News. Newquist expresses her support toward local charities and enjoys running in her spare time, making her a positive addition to this year’s Minnesota 811 Run/Walk.

This 5K Run/Walk will be an event for the whole family to enjoy. The 811 Run/Walk will be followed by a kids fun run, awards ceremony for top finishers, prize giveaway drawings for attendees in 811 apparel, a safety fair with a band and fire gear from the Minneapolis and St. Paul fire departments that can be tried on. Spectators are also welcome to attend this event to cheer on the participants and take part in the other planned activities throughout the day.

All proceeds from the 811 Run/Walk will benefit Operation Warm, an organization that provides warm winter coats to children in need.  CenterPoint Energy and the other utility and marking companies are partnering with the Minneapolis and St. Paul fire departments to bring this exciting event to the community. 

For more information about this event, visit the 811 Run/Walk page, or follow the Minnesota 811 Run on Facebook and Twitter.

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. The utility also operates a non-regulated business in Minnesota called Home Service Plus®​. For more information, visit the website at CenterPointEnergy.com​.

CenterPoint Energy reports natural gas outage for customers in Texas City area

Houston – August 14, 2015 - CenterPoint Energy is experiencing a natural gas outage in the Texas City area that is affecting about 700 customers.
 
“Safety is our number one priority as we work to restore natural gas service,” said Randall Sanders, district director for CenterPoint Energy. “We have begun the process this afternoon of turning off the flow of gas to 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. To perform these inspections, CenterPoint Energy service technicians will need to enter each home or business; we expect this process to begin late tonight and continue throughout the day tomorrow. We have also brought in technicians from other parts of our service territory to assist in restoring gas service”
 
“There is no need to call us as we make our initial assessments,” Sanders added. “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​.

August 11 (8/11) Serves as a Good Reminder to Always Call Before Digging

HOUSTON– August 11, 2015 – Today’s date of 8/11 is a natural reminder for everyone to call the national “Call Before You Dig” number, 811 prior to any digging project. One free call to 811 before digging can prevent injuries, property damage, service disruption and possibly costly fines for damaged infrastructure.​

“CenterPoint Energy spends millions of dollars annually to enhance the safety and reliability of our underground utility lines in the communities we serve. The public can do their part by calling 811 before every digging project,” said Joe Berry, manager of Underground Locating for CenterPoint Energy. “When a call is made to 811, 99 percent of the time there is no damage to vital underground utility lines.”
 
When homeowners call 811, they connect to their local One Call Center, which then notifies the appropriate utility companies of the homeowner’s intent to dig. Professional locators are sent to the requested digging site to mark the approximate locations of underground lines with flags, spray paint or both. The flags and spray paint notify workers of the underground gas lines and to dig carefully.

The depth of utility lines varies and there may be multiple utility lines in a common area. So, whether it’s a small project like planting trees or shrubs or hiring a professional for an outdoor project, smart digging means calling 811 before each job.

For more information, visit call811.com.

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 awards grants to communities for initiatives

​MINNEAPOLIS – August 11, 2015 – CenterPoint Energy’s Community Partnership Grant Program awards grants to local communities to fund safety-related equipment and projects.  The company recently awarded the City of Fridley a $1,300 grant for protective clothing for water and ice r​escues that will be used to serve the community.

“At CenterPoint Energy our number one priority is safety.  We are proud that through our grant program, we are able to help cities leverage local funds to purchase needed safety equipment, training or provide financial support for important safety-related projects,” said Jean Krause, Community Relations Director for CenterPoint Energy.  “Through these types of grant programs we can strengthen the communities we serve.”
Over the past 13 years, through its Community Partnership Grant Program, CenterPoint Energy has contributed over $1 million dollars in donations to communities for safety initiatives.  To see what CenterPoint Energy is doing in the community, please visit CenterPointEnergy.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. The utility also operates a non-regulated business in Minnesota called Home Service Plus®. For more information, visit the website at CenterPointEnergy.com.

CenterPoint Energy reports second-quarter 2015 earnings of $0.18 per diluted share; reaffirms full-year guidance of $1.00 – $1.10 per diluted share
  • Company continues to execute strategy for timely recovery of capital through key rate filings in Texas and Minnesota
  • Enable Midstream reaffirmed 2015 distribution growth guidance and provided outlook of 3-7% per-unit annual distribution growth through 2017
  • Company targets annual dividend growth in line with EPS growth through 2018

Houston, TX – August 10, 2015 - CenterPoint Energy, Inc. (NYSE: CNP) today reported net income of $77 million, or $0.18 per diluted share, for the second quarter of 2015, compared with $107 million, or $0.25 per diluted share for the same period of the prior year. On a guidance basis, for the second quarter 2015, CenterPoint Energy earned 19 cents per diluted share consisting of 13 cents from utility operations and 6 cents from midstream investments.   

Utility operations produced $186 million of operating income for the second quarter of 2015, equal to operating income for the same quarter of the prior year. Equity income from midstream investments was $43 million for the second quarter of 2015, compared with $71 million for the same period in the prior year. 

"We remain focused on investing in infrastructure to meet the needs of our growing customer base.  Our utilities delivered strong financial results, and we continue to seek timely recovery of our investments," said Scott M. Prochazka, president and chief executive officer of CenterPoint Energy. "Additionally, Enable is performing as expected in a challenging commodity market, and we remain confident in their growth strategy."

Business Segment

Electric Transmission & Distribution

The electric transmission & distribution segment reported operating income of $158 million for the second quarter of 2015, consisting of $131 million from the regulated electric transmission & distribution utility operations (TDU) and $27 million related to securitization bonds. Operating income for the second quarter of 2014 was $145 million, consisting of $115 million from the TDU and $30 million related to securitization bonds. Operating income for the TDU benefited primarily from higher usage largely due to a return to more normal weather ($13 million), higher net transmission-related revenues ($8 million) and

continued strong customer growth ($5 million). These benefits were partially offset by reduced equity return related to true-up proceeds ($5 million).   

Natural Gas Distribution

The natural gas distribution segment reported operating income of $19 million for the second quarter of 2015, compared with $30 million for the same period of 2014. Operating income was lower, primarily due to reduced usage as a result of colder than normal weather in 2014 ($5 million) and higher depreciation expense ($6 million).   

Energy Services

The energy services segment reported operating income of $9 million for the second quarter of 2015, which included a mark-to-market accounting gain of $2 million, compared with $11 million for the same period of 2014, which included a mark-to-market accounting gain of $6 million. Excluding mark-to-market accounting gains, the $2 million increase in operating income in the second quarter of 2015 was due to improved margins and a decrease in operation and maintenance expenses.

Midstream Investments

The midstream investments segment reported $43 million of equity income for the second quarter of 2015, compared with $71 million in the same quarter of the prior year. 

Cash distributions received in the second quarter of 2015 were $73 million. Further, Enable Midstream declared a quarterly cash distribution on July 22, 2015, from which CenterPoint Energy expects to receive approximately $74 million. This represents an increase of approximately 1.1 percent over the prior quarterly distribution.

Enable Midstream provided outlook for per unit distributions to grow at 3-7 percent annually through 2017. Please refer to their August 5, 2015, earnings press release for details.

Dividend Declaration

On July 24, 2015, CenterPoint Energy's board of directors declared a regular quarterly cash dividend of $0.2475 per share of common stock payable on September 10, 2015, to shareholders of record as of the close of business on August 14, 2015.

Dividend Growth Outlook 

CenterPoint Energy is targeting 4-6 percent annual earnings per share growth on a guidance basis through 2018, inclusive of midstream investments, and anticipates dividend growth to be in line with EPS growth. CenterPoint Energy remains committed to providing a secure dividend with stable, competitive growth. Consistent with this strategy, CenterPoint Energy's board of directors will continue to review quarterly dividends, which will be based upon factors such as recent and projected earnings growth and financial liquidity.

Outlook for 2015

CenterPoint Energy reaffirms that its earnings estimate for 2015 utility operations is in the range of $0.71 - $0.75 per diluted share. The company expects its 2015 earnings estimate from midstream investments to be in the range of $0.29 - $0.35 per diluted share. On a consolidated basis, CenterPoint Energy reaffirms earnings on a guidance basis for 2015 in the range of $1.00 - $1.10 per diluted share. We anticipate utility operations earnings for 2015 near the high end of the range while midstream investments' earnings are anticipated to be near the low end of the range provided.

The utility operations guidance range considers 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 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 for equity investments in midstream operations, the company assumes a 55.4 percent limited partner ownership interest in Enable Midstream and includes the amortization of our basis differential in Enable Midstream. The company's guidance takes into account such factors as Enable Midstream's most recent public outlook for 2015 dated August 5, 2015, 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. 

Q2 Financial Table

Q2 Reg G Table

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 June 30, 2015. 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 Monday, August 10, 2015, at 10:30 a.m. Central time or 11:30 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 7,400 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 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, and June 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. A reconciliation of net income and diluted earnings per share to the basis used in providing 2015 guidance is provided in this news release.

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.

 

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