CenterPoint Energy reports third quarter 2014 earnings of $0.33 per diluted share
2014-11-05T06:00:00Z

Houston, TX – Nov. 5, 2014 - CenterPoint Energy, Inc. (NYSE: CNP) today reported net income of $143 million, or $0.33 per diluted share, for the third quarter of 2014, compared to net income of $151 million, or $0.35 per diluted share the previous year.

Operating income for the third quarter and for the nine months ended Sept. 30, 2014, was $233 million and $714 million, respectively. Following the May 1, 2013, formation of Enable, CenterPoint Energy reports its investment in midstream operations as equity income rather than operating income. As a result, operating income for the nine months ended Sept. 30, 2014, is not comparable to prior results.

“I am pleased with our company’s financial and operational performance this quarter, which was in-line with our expectations,” said Scott M. Prochazka, president and chief executive officer of CenterPoint Energy. “We continue to execute our robust capital plan supported by strong customer growth across our service territories. We are on-track to achieve our expected earnings for the year and remain well positioned to deliver long-term growth.”

For the nine months ended Sept. 30, 2014, net income was $435 million, or $1.01 per diluted share. This compares to net income for the nine months ended Sept. 30, 2013, of $198 million, or $0.46 per diluted share. These 2013 results included two unusual items recorded in the second quarter related to the formation of the midstream partnership: (i) a $225 million, non-cash deferred tax charge and (ii) $10 million of partnership formation expenses. Excluding the effects of the unusual items, net income for the nine months ended Sept. 30, 2013, would have been $431 million, or $1.00 per diluted share.

Electric Transmission & Distribution

The electric transmission & distribution segment reported operating income of $232 million for the third quarter of 2014, consisting of $202 million from the regulated utility operations (TDU) and $30 million related to securitization bonds. Operating income for the third quarter of 2013 was $239 million, consisting of $207 million from the TDU and $32 million related to securitization bonds.

Third quarter 2014 operating income for the TDU benefited from higher revenues associated with continued strong customer growth, higher equity returns primarily related to true-up proceeds and increased right of way revenues. This increase was more than offset by higher operating and maintenance expenses and decreased usage, primarily due to milder weather.

Operating income for the nine months ended Sept. 30, 2014, was $482 million, consisting of $392 million from the TDU and $90 million related to securitization bonds. Operating income for the same period of 2013 was $488 million, consisting of $387 million from the TDU and $101 million related to securitization bonds.

Natural Gas Distribution
The natural gas distribution segment reported an operating loss of $8 million for the third quarter of 2014, compared to operating income of $5 million for the same period of 2013. Third quarter 2014 operating income benefited from higher revenues associated with increased economic activity across its footprint, including customer growth. These revenue improvements were more than offset by higher operating and maintenance expenses, depreciation and taxes.
Operating income for the nine months ended Sept. 30, 2014, was $184 million, compared to $169 million for the same period of 2013.

Energy Services
The energy services segment reported operating income of $6 million for the third quarter of 2014, compared to $2 million for the same period of 2013. Third quarter 2014 operating income included a mark-to-market gain of $13 million, compared to $6 million for the same period of 2013.
Operating income for the nine months ended Sept. 30, 2014, was $43 million, compared to $12 million for the same period of 2013.

Midstream Investments
Equity income for the third quarter of 2014 and for the nine months ended Sept. 30, 2014, was $79 million and $241 million, respectively. See Enable Midstream’s earnings press release issued on Nov. 4, 2014, for detailed results of operations.

Dividend Declaration
On Oct. 21, 2014, CenterPoint Energy’s board of directors declared a regular quarterly cash dividend of $0.2375 per share of common stock payable on Dec. 10, 2014, to shareholders of record as of the close of business on Nov. 14, 2014.

Guidance for 2014
CenterPoint Energy affirms its earnings estimate for 2014 Utility Operations to be in the range of $0.72 to $0.76 per diluted share. The Utility Operations guidance range considers performance to date and 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 the impact of any changes in accounting standards, any impact to 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 services business.

The company affirms its 2014 earnings estimate from Midstream Investments to be in the range of $0.42 to $0.45 per diluted share. In providing guidance, the company takes into account Enable’s most recent public forecast, effective tax rates, the amortization of our basis difference in Enable and other factors.


On a consolidated basis, CenterPoint Energy affirms its earnings estimate for 2014 on a guidance basis to be in the range of $1.14 to $1.21 per diluted share.

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, 2014. 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 other documents relating to its corporate governance can also be found on that site.

Webcast of Earnings Conference Call

CenterPoint Energy’s management will host an earnings conference call on Wed., Nov. 5, 2014, 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.

About CenterPoint Energy, Inc.

CenterPoint Energy, Inc., headquartered in Houston, Texas, is a domestic energy delivery company that includes electric transmission & distribution, natural gas distribution and energy services operations. The company serves more than five million metered customers primarily in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma, and Texas. The company also owns a 55.4 percent limited partner interest in Enable Midstream Partners, a publicly traded master limited partnership it jointly controls with OGE Energy Corp., which owns, operates and develops natural gas and crude oil infrastructure assets. With more than 8,500 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.

Investors and others should note that we may announce material information using SEC filings, press releases, public conference calls, webcasts and the Investors page of our website. In the future, we will continue to use these channels to distribute material information about the company and to communicate important information about the company, key personnel, corporate initiatives, regulatory updates and other matters. Information that we post on our website could be deemed material; therefore, we encourage investors, the media, our customers, business partners and others interested in our company to review the information we post on our website.

Forward-Looking Statements
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, 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)), 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; (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; (22) CenterPoint Energy’s ability to invest planned capital; (23) changes in technology, particularly with respect to efficient battery storage or emergence or growth of new, developing or alternative sources of generation; (24) the investment performance of pension and postretirement benefit plans; (25) 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; (26) acquisition and merger activities involving CenterPoint Energy or its competitors; (27) future economic conditions in regional and national markets and their effects on sales, prices and costs; (28) the performance of Enable, the amount of cash distributions CenterPoint Energy receives from Enable, and the value of its interests in Enable, 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; (B) the achievement of anticipated operational and commercial synergies and expected growth opportunities, and the successful implementation of Enable’s business plan; (C) 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; (D) 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, 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; (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; and (29) other factors discussed in CenterPoint Energy's Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2013, as well as in CenterPoint Energy’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2014, June 30, 2014, and Sept. 30, 2014, and other reports CenterPoint Energy or its subsidiaries may file from time to time with the Securities and Exchange Commission, which can be found at www.CenterPointEnergy.com on the Investor Relations page and on the Securities and Exchange Commission’s website at www.sec.gov.


The Use of Non-GAAP Measures
To supplement CenterPoint Energy’s financial results presented on a GAAP basis, CenterPoint Energy provides guidance based on adjusted diluted earnings per share, which is a non-GAAP measure as defined in Regulation G of the Securities Exchange Act of 1934, as amended. A reconciliation of adjusted diluted net earnings per share for guidance purposes to net income is provided in this news release.


CenterPoint Energy reports its financial results in compliance with GAAP, but believes that also discussing non-GAAP measures provides investors with additional, meaningful comparisons of current and anticipated future results to prior periods’ results by excluding items that CenterPoint Energy does not believe reflect its fundamental business performance. This non-GAAP financial measure should be considered as a supplement to, and not as a substitute for, or superior to, the financial measures prepared in accordance with GAAP.


Other Financial Measure Presentation Notes
This release contains time sensitive information that is accurate only as of the time hereof. Information contained in this release is unaudited and subject to change. CenterPoint Energy undertakes no obligation to update the information herein except to the extent required by law.

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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.

CenterPoint Energy prepares for TS Nate; urges customers to be prepared for potential flooding and issues important natural gas safety tips

Houston – Oct. 6, 2017 – As the Gulf Coast braces for Tropical Storm Nate, CenterPoint Energy is closely monitoring and preparing for the storm. The company has developed the following pre- and post-storm natural gas safety tips that customers should follow:

Before the storm:

  • Do not turn off your natural gas service at the meter; doing so could allow water to enter the natural gas lines.
  • Be alert for the smell of natural gas. If you smell gas, leave the area immediately on foot and tell others to leave, too.
  • If you smell gas, do not turn the lights on or off, smoke, strike a match, use a cell phone or operate anything that might cause a spark, including a flashlight or a generator.
  • Do not attempt to turn natural gas valves on or off. Once safely away from the area, call CenterPoint Energy at 888-876-5786. The company will send a trained service technician.

After the storm:

  • If your home was flooded, call a licensed plumber or gas appliance technician to inspect your appliances and gas piping to make sure they are in good operating condition before calling CenterPoint Energy to reconnect service. This includes outdoor gas appliances including pool heaters, gas grills and gas lights.
  • Call 811, the nationwide Call Before You Dig number before cleaning debris, digging on your property or to locate underground natural gas lines and other underground utility lines.
  • Be aware of where your natural gas meter is located. As debris is put out for heavy trash pickup, make sure it is placed away from the meter. If debris is near a gas meter, the equipment used by trash collectors could pull up the meter, damaging it and causing a potentially hazardous situation. If this happens, leave the area immediately and call CenterPoint Energy at 888-876-5786.

Visit CenterPoint Energy's weather safety pages and follow the company @cnpalerts and Facebook.com/CenterPoint Energy.

CenterPoint Energy urges customers to stay safe during clean-up

HOUSTON - September 1, 2017 – The safety of our employees and our customers is our top priority. We urge customers to follow the below safety tips as clean-up efforts continue following Hurricane Harvey.

ELECTRIC SAFETY TIPS

Stay away from downed power lines. Be especially mindful of downed lines that could be hidden in flood waters and debris, and treat all downed lines as if they are energized or “live.” Boats being used in high water can expose you to danger from power lines at their normal height. Be aware and stay away. DO NOT attempt to remove a tree limb or other debris from a power line. Once away from the area, call 713-207-2222 and we will respond as soon as it is safe.

Power restoration

• If you find that water has risen above your electrical outlets, you must call a licensed electrician before you turn on the main circuit breaker or turn on the power for any connected appliances, such as televisions, computers and more.

• Your electrician will assess the damage and will then need to ensure that your home’s electrical system is safe to receive power.

• Your electrician may need to either call CenterPoint Energy or direct you to call us at 713-207-2222 to ensure that it is safe to perform electrical work. CenterPoint Energy may temporarily disconnect service to your home to allow work to be performed.

• Even if you or your electrician calls and asks us to remotely disconnect service, there still could be voltage present. Therefore, we will ask the electrician and you to confirm you want us to proceed before going forward, and will remind you to take precautions around your breakers.

• CenterPoint Energy is responsible for and will make repairs to the electric delivery system up to where it connects to your home or business. However, you are responsible for repairs if there is damage to the meter box or weatherhead (where the line enters your home through a pipe).

• If the meter box or weatherhead is damaged, our crews will not be able to re-establish service. If in doubt, contact a licensed electrician now to make an inspection and any necessary repairs.

Appliance and equipment safety

• All electrical appliances and electronic equipment that have been submerged in water must be dried thoroughly for at least one week. Then, you should have them checked by a qualified repair professional before turning them on.

• Do not try to repair a flood-damaged appliance as it could result in electrical shock or death. Attempting to restart it could result in further damage and costly repairs. Page 2 of 2 For more information contact Olivia Ross 713.207.3288 24-hour media access 713.619.5143 For Immediate Release

• If the outside unit of your air conditioning system has been under water, the controls may have mud and water accumulated in them. Have the unit inspected by a qualified air conditioning technician before using it.

• Never connect a portable electric generator or a motor home/RV generator directly to your home’s electrical system during a power outage. Electricity could back feed into the power lines and endanger repair workers.

Call 811 before any digging is started – it’s the law. Striking buried utility lines can cause serious injury or death. Alert participating utility companies, such as electric, gas, cable and phone about planned digging so they can mark the appropriate location of their underground lines. Please be prepared for a longer than usual wait time during the next few weeks, and do not dig until the lines have been marked.

NATURAL GAS SAFETY TIPS

• Do not turn off your natural gas service at the meter; doing so could allow water to enter the natural gas lines.

• Be alert for the smell of natural gas - It smells like rotten eggs. If you do smell natural gas, leave the area immediately on foot and tell others to leave, too.

• Do NOT turn on your lights, smoke, strike a match, use a cell phone or operate anything that might cause a spark, including a flashlight or a generator.

• Do not attempt to turn natural gas valves on or off. Once you are safely away from the area, call 911 and 888-876-5786. Once it is safe, CenterPoint Energy will send a trained service technician.

• If your home was flooded, call a licensed plumber or gas appliance technician to inspect your appliances and gas piping to make sure they are in good operating condition before calling CenterPoint Energy to reconnect service. This includes outdoor gas appliances including pool heaters, gas grills and gas lights.

Call 811 before any digging is started – it’s the law. Striking buried utility lines can cause serious injury or death. Alert participating utility companies, such as electric, gas, cable and phone about planned digging so they can mark the appropriate location of their underground lines. Please be prepared for a longer than usual wait time during the next few weeks, and do not dig until the lines have been marked.

• Be aware of where your natural gas meter is located. As debris is put out for heavy trash pickup, make sure it is placed away from the meter. In many areas the meter may be located near the curb. If debris is near a gas meter, the mechanized equipment used by trash collectors could pull up the meter, damaging it and causing a potentially hazardous situation. If this happens, leave the area immediately and call CenterPoint Energy at 888- 876-5786.

• Visit CenterPointEnergy.com/StormCenter for natural gas safety tips and other resources.

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CenterPoint Energy donates $1.25 million to assist Hurricane Harvey recovery and relief efforts

Houston – Sept. 1, 2017 – CenterPoint Energy today announced that it is committing $1.25 million to Hurricane Harvey recovery and relief efforts. CenterPoint Energy’s contributions include a $250,000 donation each to the American Red Cross for Hurricane Harvey relief efforts, the City of Houston Mayor’s Hurricane Harvey Relief Fund and the United Way of Greater Houston disaster relief efforts.

“Our thoughts are with everyone impacted by this unprecedented catastrophe,” said Scott Prochazka, president and chief executive officer of CenterPoint Energy. “CenterPoint Energy has been a part of these communities for more than 150 years. The safety and well-being of our communities and employees impacted by Hurricane Harvey remain our top priorities.”

CenterPoint Energy is also donating $300,000 to support employees across its service territory significantly impacted by the storm. The company has also established an employee assistance fund, CenterPoint Energy Employees 1st Fund, to collect employee donations and match them up to a total of $200,000. “We take pride in lending a helping hand to those in need, which is a core part of our culture,” added Prochazka.

In addition to the charitable contributions, employee volunteerism is an important part of CenterPoint Energy’s role in communities throughout its service territory. Employee volunteers provide their time and energy to assist with altruistic initiatives. In 2016, employees, retirees and their families and friends contributed 237,500 hours to their communities, and the company donated more than 2,000 grants to qualified nonprofit organizations.

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. For more information, please visit www.CenterPointEnergy.com.

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