Grid 21 Partners Search for Biggest Energy Saver
Technology Companies and Utilities launch campaign to spur innovation and empower customers
2011-06-13T05:00:00Z

Technology Companies and Utilities launch campaign to spur innovation and empower customers.

WASHINGTON, D.C. (June 13, 2011) — Grid 21, a new non-profit organization committed to engaging electricity customers in using a new generation of tools and technologies to better manage their electricity consumption, is partnering with Texas-based utilities Oncor and CenterPoint Energy, as well as San Diego Gas & Electric in California to launch the Biggest Energy Saver CampaignSM.

In addition to Oncor, CenterPoint and San Diego Gas & Electric, founding partners of the campaign are Itron and Landis+Gyr. IBM is a collaborator on the campaign. The campaign is the largest of its kind in the nation and will jumpstart the market for customer-friendly energy-management tools, while demonstrating to customers the benefits made possible by using information from smart meter technology.

The Biggest Energy Saver Campaign will feature a customer-savings contest sponsored by Grid21.  The campaign will also drive the creation and use of customer-friendly tools for managing home energy consumption. By giving customers easy ways to access and utilize the data provided by their smart meters, the Biggest Energy Saver Campaign will help customers make more educated decisions about their energy consumption controlling their energy costs.

One component of the Biggest Energy Saver Campaign is a nationwide call to create applications that will enable customers to better monitor and control their home energy usage. Software application developers will be vying for prizes totaling up to $150,000.

At the first White House Grid Modernization Event held earlier today, emphasis was stressed about bringing products and services to market to transform the way Americans use energy. More than 150 executives gathered to hear this message and address hurdles standing in the way of modernizing the electric grid, which is based largely on 1960’s technology.

In Texas, one grand prize winner from each participating utility’s service area will receive the Grand Prize of a new electric vehicle while the first-place winners will receive a suite of GE smart appliances that are equipped to talk to the smart meter and empower consumers to make smarter, more informed decisions on how they consume energy.

“There have been dozens of pilot programs involving smart meters across the United States, and consistently customers have reduced their energy usage and controlled their costs. Now the time has come to move beyond pilot programs and into full implementation because customers deserve it,” said Steve Hauser, Executive Director of Grid 21. “Customers are the most important component of any business and what electric utility customers are telling us is that they want the ability to better manage their energy consumption and cost. The Biggest Energy Saver will introduce tools and capabilities to customers who can then use them for the contest and in their daily lives.”

In May 2011, San Diego Gas & Electric completed the rollout of smart meters to all its residential customers.  Smart meters are one of the foundational technologies to the nation’s smart grid.   On June 6, the utility filed the first comprehensive smart grid roadmap that outlines the San Diego region’s energy future over the next decade.  The goal of the roadmap is to empower customers with the latest technology and service choices.

In July, a select group of San Diego Gas & Electric customers will receive in-home devices that display data provided by the home’s smart meter. The displays allow customers to track and analyze their home energy usage in real-time, making it easier to monitor their energy-related spending throughout the month – encouraging them to save energy and participate in the contest. 

“Nearly 20 million advanced meters are expected to be installed by the end of 2012 in California and Texas alone,” Hauser said. “The smart meter-enabled home is a huge market that will continue to grow not only in these two states, but across the country.”

With more than 3 million meters installed across Texas, as well as other significant grid investments to improve reliability and grow the nation-leading wind energy portfolio, Texas electric customers will be the largest group of participants in the inaugural Biggest Energy Saver Campaign.

“Texas has always been a global leader in energy and innovation,” said Barry Smitherman, Chairman of the Public Utility Commission of Texas. “We have a robust competitive market and are investing billions of dollars to improve our power grid, supporting cleaner generation and improving reliability. We couldn’t be more proud to have the two largest utilities in Texas with the broadest deployment of advanced meters leading the way through this new 21st century technology.”

The contests will run later this summer. Complete contest rules and registration will be available on the Biggest Energy Saver website at www.BiggestEnergySaver.com beginning mid-July. Until then, the website will serve as an online resource for customers to engage in conversations about smart meters and how to use smart technology to cut back on their electricity consumption, controlling their cost and making a positive impact on the environment. 

***
About Grid 21
Grid 21 is a new non-profit organization, based in Washington, DC and national initiative to engage customers of electricity in using a new generation of tools and technologies to better manage their electricity consumption.  Contact:  Steve Hauser, 303-275-3122

About CenterPoint Energy, Inc.
CenterPoint Energy, Inc., headquartered in Houston, Texas, is a domestic energy delivery company that includes CenterPoint Energy Houston Electric, LLC, its electric transmission & distribution, subsidiary, as well as natural gas distribution, competitive natural gas sales and services, interstate pipelines, and field services operations. The company serves more than five million metered customers primarily in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma and Texas. Assets total more than $19 billion. With over 8,800 employees, CenterPoint Energy and its predecessor companies have been in business for more than 135 years. For more information, visit the company’s website at CenterPointEnergy.com.

Contact Floyd LeBlanc, 713.207.7125

About GE Appliances & Lighting
GE Appliances & Lighting spans the globe as an industry leader in major appliances, lighting, systems and services for commercial, industrial and residential use. Technology innovation and the company's ecomagination(SM) initiative enable GE Appliances & Lighting to aggressively bring to market products and solutions that help customers meet pressing environmental challenges. General Electric (NYSE: GE), imagination at work, sells products under the Monogram®, Profile™, GE®, Hotpoint®, Reveal® and Energy Smart® consumer brands, and Tetra®, Vio™ and Immersion® commercial brands. For more information, consumers may visit www.ge.com Contact: Kimberly Freeman, 502-452-7819

About IBM
IBM is a trademark of IBM Corporation in the United States and/or other countries. All other company/product names and service marks may be trademarks or registered trademarks of their respective companies. UNIX is a registered trademark in the United States and other countries licensed exclusively through The Open Group.  Contact: Fabienne Guildhary, 917-472-3733

About Itron
At Itron, we're dedicated to delivering end-to-end smart grid and smart distribution solutions to electric, gas and water utilities around the globe. Our company is the world's leading provider of smart metering, data collection and utility software systems, with nearly 8,000 utilities worldwide relying on our technology to optimize the delivery and use of energy and water. Our offerings include electricity, gas, water and heat meters; network communication technology; collection systems and related software applications; and professional services. To realize your smarter energy and water future, start here: www.itron.com.  Contact: Sharelynn Moore, 509-891-3524

About Landis+Gyr
Privately held Landis+Gyr is the leading global provider of integrated energy management products tailored to energy company needs and unique in its ability to deliver true end-to-end advanced metering solutions. Landis+Gyr operates in more than 30 countries across five continents, and employs over 5,000 people with the sole mission of helping the world manage energy better. For more information please visit www.landisgyr.com.  Contact: Thor Valdmanis, 212-850-5696

About Oncor
Oncor Electric Delivery Company LLC “Oncor” is a regulated electricity distribution and transmission business that uses superior asset management skills to provide reliable electricity delivery to customers. Oncor operates the largest distribution and transmission system in Texas, delivering power to approximately 3 million homes and businesses and operating approximately 118,000 miles of transmission and distribution lines in Texas. While Oncor is owned by a limited number of investors (including majority owner, Energy Future Holdings Corp.), Oncor is managed by its Board of Directors, which is comprised of a majority of independent directors. Contact:  Chris Schein, 877-426-1616

About San Diego Gas & Electric
San Diego Gas & Electric (SDG&E) is a regulated public utility that provides safe and reliable energy service to 3.5 million consumers through 1.4 million electric meters and more than 850,000 natural gas meters in San Diego and southern Orange counties.  The utility’s area spans 4,100 square miles.  SDG&E is committed to creating ways to help our customers save energy and money every day.  SDG&E is a subsidiary of Sempra Energy (NYSE: SRE), a Fortune 500 energy services holding company based in San Diego. Contact: April Bolduc, 877-866-2066

About Tendril
Tendril is the Energy Platform company, delivering end-to-end consumer engagement products, applications and services powered by Tendril Connect™—an open, secure and scalable platform that takes the complexity out of the Energy Internet and creates a dialogue between energy service providers and their customers. Delivering consumer engagement software, in-home products and applications as well as easy to integrate utility solutions such as Demand Response and Energy Efficiency, Tendril offers unparalleled insight into energy decisions, making the Energy Marketplace a reality. The company is venture backed by VantagePoint Venture Partners, Good Energies, RRE Ventures and GE. For more information, visit   www.tendrilinc.com   Contact: Sheila O’Neill, 303-324-7310

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CenterPoint Energy reports third quarter 2017 earnings of $0.39 per diluted share; $0.38 per diluted share on a guidance basis

CenterPoint Energy anticipates achieving at or near the high end of the $1.25 - $1.33 guidance range for 2017; Company continues to target upper end of 4-6% year-over-year earnings growth range for 2018

Houston - Nov. 3, 2017 - CenterPoint Energy, Inc. (NYSE: CNP) today reported net income of $169 million, or $0.39 per diluted share, for the third quarter of 2017, compared with net income of $179 million, or $0.41 per diluted share for the same period of the prior year. On a guidance basis, third quarter 2017 earnings were $0.38 per diluted share, consisting of $0.28 from utility operations and $0.10 from midstream investments. Third quarter 2016 earnings on a guidance basis were $0.41 per diluted share, consisting of $0.31 from utility operations and $0.10 from midstream investments. 

Operating income for the third quarter of 2017 was $279 million, compared with $284 million in the third quarter of the prior year. Equity income from midstream investments was $68 million for the third quarter of 2017, compared with $73 million for the third quarter of the prior year.

"We had a solid third quarter, putting us on track to deliver at or near the high end of our full year guidance range," said Scott M. Prochazka, president and chief executive officer of CenterPoint Energy. "Our ongoing focus on reliability and resilience enabled our system to perform well in the face of Hurricane Harvey."

Business Segments

Electric Transmission & Distribution

The electric transmission & distribution segment reported operating income of $247 million for the third quarter of 2017, consisting of $229 million from the regulated electric transmission & distribution utility operations (TDU) and $18 million related to securitization bonds. Operating income for the third quarter of 2016 was $257 million, consisting of $234 million from the TDU and $23 million related to securitization bonds.

Operating income for the TDU benefited primarily from rate relief and customer growth. These benefits were more than offset by lower usage largely due to a return to more normal weather, lower equity return and lower miscellaneous revenues, including right of way. 

Natural Gas Distribution

The natural gas distribution segment reported operating income of $19 million for the third quarter of 2017, compared with $22 million for the same period of 2016. Operating income benefited primarily from rate relief and customer growth.  These benefits were more than offset by higher depreciation and amortization expense, lower usage primarily due to the timing of a decoupling normalization adjustment and higher operations and maintenance expenses. 

Energy Services

The energy services segment reported operating income of $7 million for the third quarter of 2017, which included a mark-to-market gain of $2 million. In comparison, operating income for the same period in 2016 was $5 million, which included a mark-to-market loss of $2 million.  Excluding mark-to-market adjustments, operating income was $5 million for the third quarter of 2017 compared with $7 million for the same period in 2016.  The $2 million decrease in operating income was primarily due to expenses related to the acquisition and integration of Atmos Energy Marketing.

Midstream Investments

The midstream investments segment reported $68 million of equity income for the third quarter of 2017, compared with $73 million in the third quarter of the prior year. 

Earnings Outlook

On a consolidated basis, CenterPoint Energy anticipates earnings at or near the high end of its 2017 guidance range of $1.25 - $1.33 per diluted share. 

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 uses a non-GAAP measure of adjusted diluted earnings per share that does not consider other potential impacts, such as changes in accounting standards or unusual items, earnings or losses from the change in the value of the ZENS securities and the related stocks, or the timing effects of mark-to-market accounting in the company's Energy Services business. 

In providing guidance for midstream investments, the company assumes ownership of 54.1 percent of the common units representing limited partner interests in Enable Midstream and includes the amortization of CenterPoint Energy's basis differential in Enable Midstream. CenterPoint Energy's guidance takes into account such factors as Enable Midstream's most recent public outlook for 2017 dated Nov. 1, 2017, and effective tax rates. The company does not include other potential impacts, such as any changes in accounting standards or Enable Midstream's unusual items. 

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

Today, CenterPoint Energy, Inc. filed with the Securities and Exchange Commission (SEC) its Quarterly Report on Form 10-Q for the period ended Sept. 30, 2017. A copy of that report is available on the company's website, under the Investors section. Other filings the company makes with the SEC and certain documents relating to its corporate governance can also be found under the Investors section.

Webcast of Earnings Conference Call

CenterPoint Energy's management will host an earnings conference call on Friday, Nov. 3, 2017, at 10:00 a.m. Central time/11:00 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 54.1 percent of the common units representing limited partner interests 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 7,700 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, please visit 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. You are cautioned not to place undue reliance on any forward-looking statements. 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) the performance of Enable Midstream Partners, LP (Enable), the amount of cash distributions CenterPoint Energy receives from Enable, Enable's ability to redeem the Series A Preferred Units in certain circumstances and the value of CenterPoint Energy's interest in Enable, and factors that may have a material impact on such performance, cash distributions and value, including factors such as: (A) competitive conditions in the midstream industry, and actions taken by Enable's customers and competitors, including the extent and timing of the entry of additional competition in the markets served by Enable; (B) the timing and extent of changes in the supply of natural gas and associated commodity prices, particularly prices of natural gas and natural gas liquids (NGLs), the competitive effects of the available pipeline capacity in the regions served by Enable, and the effects of geographic and seasonal commodity price differentials, including the effects of these circumstances on re-contracting available capacity on Enable's interstate pipelines; (C) the demand for crude oil, natural gas, NGLs and transportation and storage services; (D) environmental and other governmental regulations, including the availability of drilling permits and the regulation of hydraulic fracturing; (E) recording of non-cash goodwill, long-lived asset or other than temporary impairment charges by or related to Enable; (F) changes in tax status; (G) access to debt and equity capital; and (H) the availability and prices of raw materials and services for current and future construction projects; (2) 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; (3) timely and appropriate rate actions that allow recovery of costs and a reasonable return on investment; (4) future economic conditions in regional and national markets and their effect on sales, prices and costs; (5) weather variations and other natural phenomena, including the impact of severe weather events on operations and capital; (6) state and federal legislative and regulatory actions or developments affecting various aspects of CenterPoint Energy's and Enable's businesses, including, among others, energy deregulation or re-regulation, pipeline integrity and safety and changes in regulation and legislation pertaining to trade, health care, finance and actions regarding the rates charged by our regulated businesses; (7) tax reform and legislation; (8) CenterPoint Energy's ability to mitigate weather impacts through normalization or rate mechanisms, and the effectiveness of such mechanisms; (9) the timing and extent of changes in commodity prices, particularly natural gas, and the effects of geographic and seasonal commodity price differentials; (10) problems with regulatory approval, 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; (11) local, state and federal legislative and regulatory actions or developments relating to the environment, including those related to global climate change; (12) the impact of unplanned facility outages; (13) 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 CenterPoint Energy's businesses or the businesses of third parties, or other catastrophic events such as fires, earthquakes, explosions, leaks, floods, droughts, hurricanes, pandemic health events or other occurrences; (14) CenterPoint Energy's ability to invest planned capital and the timely recovery of CenterPoint Energy's investment in capital; (15) CenterPoint Energy's ability to control operation and maintenance costs; (16) actions by credit rating agencies; (17) the sufficiency of CenterPoint Energy's insurance coverage, including availability, cost, coverage and terms; (18) the investment performance of CenterPoint Energy's pension and postretirement benefit plans; (19) commercial bank and financial market conditions, CenterPoint Energy's access to capital, the cost of such capital, and the results of CenterPoint Energy's financing and refinancing efforts, including availability of funds in the debt capital markets; (20) changes in interest rates or rates of inflation; (21) inability of various counterparties to meet their obligations to CenterPoint Energy; (22) non-payment for CenterPoint Energy's services due to financial distress of its customers; (23) the extent and effectiveness of CenterPoint Energy's risk management and hedging activities, including, but not limited to, its financial hedges and weather hedges; (24) timely and appropriate regulatory actions allowing securitization or other recovery of costs associated with Hurricane Harvey and any future hurricanes or natural disasters; (25) CenterPoint Energy's or Enable's potential business strategies and strategic initiatives, including restructurings, joint ventures and acquisitions or dispositions of assets or businesses (including a reduction of CenterPoint Energy's interests in Enable, whether through its election to sell the common units it owns in the public equity markets or otherwise, subject to certain limitations), which CenterPoint Energy cannot assure will be completed or will have the anticipated benefits to it or Enable; (26) acquisition and merger activities involving CenterPoint Energy or its competitors; (27) CenterPoint Energy's or Enable's ability to recruit, effectively transition and retain management and key employees and maintain good labor relations; (28) the ability of GenOn Energy, Inc. (formerly known as RRI Energy, Inc., Reliant Energy and RRI), a wholly-owned subsidiary of NRG Energy, Inc. (NRG), and its subsidiaries, currently the subject of bankruptcy proceedings, to satisfy their obligations to CenterPoint Energy, including indemnity obligations; (29) the outcome of litigation; (30) the ability of retail electric providers (REPs), including REP affiliates of NRG and Vistra Energy Corp., formerly known as TCEH Corp., to satisfy their obligations to CenterPoint Energy and its subsidiaries; (31) changes in technology, particularly with respect to efficient battery storage or the emergence or growth of new, developing or alternative sources of generation; (32) the timing and outcome of any audits, disputes and other proceedings related to taxes; (33) the effective tax rates; (34) the effect of changes in and application of accounting standards and pronouncements; and (35) other factors discussed in CenterPoint Energy's Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2016, as well as in CenterPoint Energy's Quarterly Report on Form 10-Q for the quarter ended March 31, 2017, June 30, 2017 and September 30, 2017 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 by CenterPoint Energy in Providing Guidance

In addition to presenting its financial results in accordance with generally accepted accounting principles (GAAP), including presentation of net income and diluted earnings per share, CenterPoint Energy also provides guidance based on adjusted net income and adjusted diluted earnings per share, which are non-GAAP financial measures. 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. CenterPoint Energy's adjusted net income and adjusted diluted earnings per share calculation excludes from net income and diluted earnings per share, respectively, the impact of ZENS and related securities and mark-to-market gains or losses resulting from the company's Energy Services business.  CenterPoint Energy is unable to present a quantitative reconciliation of forward looking adjusted net income and adjusted diluted earnings per share because changes in the value of ZENS and related securities and mark-to-market gains or losses resulting from the company's Energy Services business are not estimable.

Management evaluates the company's financial performance in part based on adjusted net income and adjusted diluted earnings per share.  We believe that presenting these non-GAAP financial measures 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.  The adjustments made in these non-GAAP financial measures exclude items that Management believes does not most accurately reflect the company's fundamental business performance.  These excluded items are reflected in the reconciliation tables of this news release, where applicable. CenterPoint Energy's adjusted net income and adjusted diluted earnings per share non-GAAP financial measures should be considered as a supplement to, and not as a substitute for, or superior to, net income and diluted earnings per share, which respectively are the most directly comparable GAAP financial measures.  These non-GAAP financial measures also may be different than non-GAAP financial measures used by other companies.

 

CenterPoint Energy declares $0.2675 quarterly dividend

Houston – Oct. 25, 2017 - CenterPoint Energy, Inc.'s. (NYSE: CNP) board of directors today declared a regular quarterly cash dividend of $0.2675 per share of common stock payable on Dec. 8, 2017, to shareholders of record as of the close of business on Nov. 16, 2017.

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 54.1 percent of the common units representing limited partner interests 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 7,700 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, please visit www.CenterPointEnergy.com.

Minnesota Governor Mark Dayton proclaims October as HVAC System Awareness Month

Minneapolis Oct. 25, 2017Governor Mark Dayton has issued a proclamation announcing October as Heating, Ventilation, and Air Conditioning (HVAC) System Awareness Month in Minnesota. The proclamation is the initiative of the Minnesota Blue Flame Natural Gas Association, which consists of member utilities and companies that promote the safe, efficient use and value of natural gas and natural gas equipment, as well as encourage energy efficiency and energy conservation. This marks the second HVAC System Awareness Month, which is designed to highlight the benefits of annual maintenance.

The proclamation urges Minnesota residents to have a qualified technician perform an annual inspection of their HVAC systems to ensure safety and reliability. Inspections will:

  • Address unsafe conditions;
  • Help prevent malfunctions;
  • Help appliances perform more efficiently, saving energy and money; and
  • Foster environmental stewardship through more efficient operations.

"We want to help our customers stay safe and warm this season by performing HVAC system tune-ups," said Todd Berreman, director of energy efficiency for CenterPoint Energy.  "We are also pleased to offer furnace and boiler system tune-up rebates to customers who complete qualifying inspection and maintenance of their natural gas heating systems."

"We have wonderful trade partners across the state who can help residents tune-up their existing system or recommend a new one if they're in the market," says Greg Olson, Xcel Energy Trade Relations Manager. "We recommend getting bids from three dealers. Check xcelenergy.com for a list of participating dealers and for appliance rebate information."

Heating System Tips

Furnaces and other fuel-burning appliances such as water heaters, clothes dryers and ovens produce carbon monoxide (CO) that can reach dangerous levels if not maintained or used properly. CenterPoint Energy and Xcel Energy recommend that customers have all of their fuel-burning appliances inspected by a qualified technician at the start of the heating season.  It is also recommended that homeowners purchase a CO detection device with an audible alarm and digital display, install it 10 feet from each bedroom as required by law, change the batteries as necessary and check for proper operation. 

Other energy efficiency tips include:

  • Change furnace filters per manufacturer's recommendations;
  • Lower your thermostat 8-10 degrees when you're sleeping or away; and
  • Seal off air-leaks through weather stripping doors, windows and gaps along the home's foundation.

For other energy saving tips and rebate information, please visit CenterPointEnergy.com/SaveEnergy and xcelenergy.com/Rebates.

 

About 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 54.1 percent of the common and subordinated units representing limited partner interests 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 7,700 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. The utility also operates a non-regulated business in Minnesota called Home Service Plus®. For more information, visit the website at CenterPointEnergy.com.

About Xcel Energy

Xcel Energy (NYSE: XEL) provides the energy that powers millions of homes and businesses across eight Western and Midwestern states. Headquartered in Minneapolis, the company is an industry leader in responsibly reducing carbon emissions and producing and delivering clean energy solutions from a variety of renewable sources at competitive prices. For more information, visit xcelenergy.com or follow us on Twitter and Facebook.

 

MPHA, SRC, and CenterPoint Energy team up for extensive weatherization of Glendale Townhomes

​The Minneapolis Public Housing Authority (MPHA), Sustainable Resources Center, Inc. (SRC), and CenterPoint Energy are pleased to announce funding and a timeline for winter weatherization and energy efficiency improvements across all 28 buildings of the Glendale Townhomes.

Glendale is a public housing development of 184 family townhomes in the Prospect Park neighborhood of Minneapolis. It was built in 1952, without modern design or materials ideal for Minnesota winters. In June, SRC weatherized an eight-townhome Glendale building as a pilot project—including wall and attic insulation, vent fans, and weather-stripping—at a cost of approximately $8,000 to $10,000 per unit.

"The pilot was a success in terms of what we learned, and the immediate improvements in comfort we were able to achieve for residents," said Greg Russ, MPHA's Executive Director. "Knowing that, we could push forward with SRC and CenterPoint Energy to find a way to extend the work to every home." Financial support for the project comes from CenterPoint Energy's Conservation Improvement Program (CIP) and the U.S. Department of Energy's "Weatherization Assistance Program" (WAP), which is administered by the Minnesota Department of Commerce.

Based upon the findings from the pilot, SRC anticipates weatherizing an additional 10 to 12 buildings by the end of the year, with the remainder in 2018. SRC provides free home energy upgrades to hundreds of income-eligible homeowners and renters in Hennepin County each year. The Glendale project alone will reach more than 600 people.

"We are proud to be a part of this project and partner with MPHA and SRC to make a positive difference for our neighbors," said Todd Berreman, director of energy efficiency for CenterPoint Energy.  "We look forward to completing the work in the remaining Glendale townhomes and providing a more pleasant and energy-efficient living environment for the residents of this community."

SRC will conduct an energy audit of each building, identifying priorities for each unit. Along with insulation and ventilation, enhancements could include cleaning, repair, or replacement of furnaces or water heaters, and installation of energy-efficient light bulbs.

The three partners are grateful to Minneapolis Ward 2 City Council Member Cam Gordon for helping them bridge the unique hurdles posed by this large-scale project.  

"Glendale has provided home and community for low-income families for 65 years, and we intend for it do so for the next 65," said MPHA Executive Director Russ. "Even as we look to the long-term preservation of Glendale, this major investment with SRC and CenterPoint will make a meaningful difference for families today."

Call CenterPoint Energy now for Cold Weather Rule protection

Minneapolis – Oct. 9, 2017 – CenterPoint Energy is reminding customers about certain rights and their responsibilities as it relates to the Cold Weather Rule (CWR), which protects residential customers experiencing difficulty paying their natural gas bill from having their natural gas service disconnected between Oct. 15, 2017 and April 15, 2018. While the CWR does not prevent customers from being disconnected for nonpayment, it does provide customers extra protection as defined in the CWR, but residential customers must contact CenterPoint Energy to set up a payment plan.

"We want to make sure all of our customers understand the Minnesota Cold Weather Rule. It helps those customers who may have trouble paying their natural gas bill during cold winter months," said Brad Tutunjian, vice president of Gas Operations in Minnesota.  "But, it also helps customers whose service is currently disconnected. I encourage those customers to call us now at 1-800-245-2377 to qualify under the Rule. We'll work together to establish a payment plan so their service is turned back when heating season begins."

Customers who anticipate having trouble paying their entire natural gas bill, have received a Notice of Proposed Disconnection or need gas service reconnected are all urged to call CenterPoint Energy to establish a payment plan. A payment plan will include what is owed as well as the amount to be billed and will take into consideration a customer's financial situation and any other special circumstances. The payment plan must also be agreeable to both the customer and CenterPoint Energy. If an agreed-upon payment plan cannot be reached, customers have a right to appeal under the CWR.

Under the CWR, special payment terms are available to customers who:

  • Apply for and receive Low Income Home Energy Assistance Program (LIHEAP) funding assistance in Minnesota; or
  • Meet income guidelines set by the state of Minnesota and provide proof of income.

Call CenterPoint Energy to set up a payment plan at 1-612-372-4680 or 1-800-729-6164. For additional information, please visit CenterPointEnergy.com/ReadyForWinter.

Other helpful information:

  • In addition to calling CenterPoint Energy to discuss and establish a payment plan, company representatives are available to refer customers to social service agencies who may have energy assistance funds;
  • Customers can also sign up for CenterPoint Energy's Average Monthly Billing Plan, which spreads natural gas costs throughout the year, helping customers avoid payment peaks. Customers can sign up online through My Account at CenterPointEnergy.com/Register or by calling CenterPoint Energy;
  • The Minnesota Department of Commerce maintains a website that provides information on energy efficiency and heating assistance programs; and
  • Customers interested in helping others pay their natural gas bill can support the Salvation Army's HeatShare program. Visit The Salvation Army's website to make a donation.

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