CenterPoint Energy Declares $0.2475 Quarterly Dividend
2015-10-21T05:00:00Z

​Houston – Oct. 21, 2015 - CenterPoint Energy, Inc.'s (NYSE: CNP) board of directors today declared a regular quarterly cash dividend of $0.2475 per share of common stock payable on Dec. 10, 2015, to shareholders of record as of the close of business on Nov. 13, 2015.

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.

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New team of CenterPoint Energy crews arrive in Puerto Rico to support ongoing power restoration efforts

Houston – Feb. 12, 2018 – A new team of 70 CenterPoint Energy employees arrived in Puerto Rico over the weekend, joining the more than 1,500 crews from other U.S. utilities that are helping Puerto Rico Electric Power Authority (PREPA) restore power following the devastation of Hurricane Maria. This second team of skilled linemen replaced the initial 70 employees who have been working on the island since mid-January.

"We continue to make progress having restored power to nearly 1,500 residents in the Arecibo area since we arrived on the island," said Ed Scott, director of operations for CenterPoint Energy. "Because of the logistical and geographical challenges, this mission has been unique. Crews will often work all day to restore service to only a handful of residents. But our employees are highly skilled and dedicated to the task at hand, having replaced 152 poles and more than 1,400 spans of wire to date."

Extensive portions of Puerto Rico's electric grid are located in rugged, mountainous terrain that has little or no road access due to Hurricane Maria's impact. Some customers may not be able to receive power to their homes or businesses because of their location and damage from the storm.

"CenterPoint Energy crews continue to work hand-in-hand with other utilities to overcome these challenges. It's immensely gratifying to turn the lights on for the residents of Puerto Rico," added Scott.

In late October, the Edison Electric Institute (EEI) and the American Public Power Association (APPA) received a request from PREPA to support power restoration efforts on the island. In early November, PREPA expanded its aid request to include the National Rural Electric Cooperative Association (NRECA).

As a result, a team of electric company storm response experts has been on the ground coordinating closely with local officials, the Federal Emergency Management Agency, and the U.S. Army Corps of Engineers. The team has been focused on assessing damages and formalizing a structure for supporting logistics, equipment needs and supply chain issues, as well as ensuring ongoing restoration efforts are completed safely, effectively and efficiently.

CenterPoint Energy is part of electric utility mutual assistance programs that provide access to thousands of linemen and tree trimmers from around the country to lend a hand during widespread power outage emergencies. Coming to the aid of other utilities is nothing new to CenterPoint Energy employees. Over the years, crews have responded and restored power to hundreds of thousands of customers throughout the country who have been left in the dark following hurricanes, ice storms, tornadoes and severe thunderstorms.

For updates, follow CenterPoint Energy on Twitter: @CNPAlerts and Facebook: Facebook.com/CenterPointEnergy.

 

CenterPoint Energy earns "Emergency Recovery Award" for restoration efforts following severe storms in Sealy, Texas

Houston – Jan. 29, 2018 – CenterPoint Energy has been presented with the Edison Electric Institute (EEI)'s "Emergency Assistance Award" for its outstanding power restoration efforts after storms hit Sealy, Texas in May 2017.

"At CenterPoint Energy, we take pride in the work we do and our commitment to serving our communities. Whenever a storm approaches, we have a plan in place and proactively respond to the emergency. Then, we work hard to restore power as quickly and safely as possible," said Ed Scott, director of operations for CenterPoint Energy.

On May 23, severe storms with winds between 80 and 100 mph hit the community of Sealy. The torrential rain, massive hail and tornado-force winds resulted in nearly 70,000 customer outages. While the storm was isolated to only 15.5 square-miles of CenterPoint Energy's 5,000 square-mile service area, the damage to the electrical infrastructure was extreme.

Working safely and efficiently, CenterPoint Energy crews replaced nine wooden transmission poles, 246 distribution poles and 356 spans of wire (See restoration photos). Crews restored service to 100 percent of customers within two days, dedicating more than 16,000 man-hours to the effort.

"The tireless work by CenterPoint Energy's crews during the Sealy Microburst exemplifies our industry's commitment to customer service," said EEI President Tom Kuhn. "CenterPoint Energy's crews worked diligently to safely restore service to customers, and are very deserving of this award."

The award is presented to EEI member companies to recognize their extraordinary efforts to restore power to customers after service disruptions caused by severe weather conditions or other natural events. The winners were chosen by a panel of judges following an international nomination process, and the awards were presented during EEI's Winter Board and Chief Executives Meeting in Scottsdale.

Snow accumulation can block vents and freeze natural gas meters

Minneapolis – Jan. 24, 2018 – As Minnesotans experience the first snow and ice accumulation of the season, CenterPoint Energy would like to remind the public of important safety tips that can also help prevent service interruptions and ensure proper meter operation.  Snow and ice accumulation on or near the natural gas meter set and/or on the roof above a meter can lead to potentially dangerous conditions, including natural gas buildup in homes and businesses and service disruptions. 

Knowing how your gas meter operates and recognizing the following signs of danger can help prevent potential problems:

  • Accumulations of snow and ice on the meter set can also cause the regulator to malfunction. 
  • Regulators are designed to maintain a constant pressure, ensure safe delivery of natural gas and vent natural gas safely to the atmosphere.
  • Snow can block the regulator vent and freeze the regulator causing improper operation.
  • Thawing snow or ice dams from rooftops above the meter should be kept clear to prevent ice from encasing the meter or chunks of ice falling on the meter causing potential damage.
  • Additionally, customers should maintain a clear path of snow or debris to provide easy access to the natural gas meter.

CenterPoint Energy would also like to remind the public of important winter natural gas safety tips:

  • Do not deposit snow piles on or near the meter.
  • Do not use a snow blower or shovel near the meter or attempt to remove ice from the meter yourself. You can use a broom to keep the snow cleared around and on top of the meter and piping.
  • Call 1-800-296-9815 if there is ice on the meter or one or more of the following conditions exist:
      • Meter is located below a downspout.
      • Overhang or eave does not fully extend over the meter.
      • Meter is located below a roof valley without a gutter.
      • Meter is located below an exterior water spout

If you suspect a natural gas leak, leave the area immediately on foot and tell others to do the same. 

    • Do not start or drive your car into or near a gas leak or vapor cloud.
    • Do not use electric switches, telephones (including cell phones), or anything that could cause a spark.
    • Once safely away from the area, call the CenterPoint Energy emergency gas leak hot line at 1-800-296-9815 and 911 to report the location and description of the leak and CenterPoint Energy will dispatch a trained service technician immediately. 

For more natural gas safety tips, visit the company's website at CenterPointEnergy.com/BeSafe.

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.

CenterPoint Energy crews depart for Puerto Rico to support ongoing power restoration efforts

Houston – Jan. 19, 2018 – This morning, CenterPoint Energy crews departed for Puerto Rico as part of a nationwide, coordinated power restoration plan involving several investor-owned electric companies. CenterPoint Energy's 70 employees will join the more than 1,500 additional restoration crew members from other utilities traveling to the island to support the Puerto Rico Electric Power Authority (PREPA) in the next phase of its restoration process. CenterPoint Energy expects its employees and resources to be in Puerto Rico for approximately six weeks.

"We are fully committed to restoring power to Puerto Rico as quickly and as safely as possible," said Ed Scott, director of operations for CenterPoint Energy. "This restoration mission will be more difficult than any other we have worked on, but our crews are prepared to work long hours safely, facing the logistical and geographical challenges accompanying the historic damage to Puerto Rico's infrastructure."

CenterPoint Energy's equipment departed from the Port of Lake Charles in Louisiana on Jan. 3. The barge carrying the trucks and equipment arrived yesterday in the Port of Ponce, Puerto Rico. Once the crews land, they will be transported to the port to collect the equipment and drive the trucks to the Arecibo region, where they will be stationed. This weekend, crews will start working 16-hour shifts after a safety and onboarding process. The company is making plans to send at least one additional shift.

In late October, the Edison Electric Institute (EEI) and the American Public Power Association (APPA) received a request from PREPA to support power restoration efforts on the island. In early November, PREPA expanded its aid request to include the National Rural Electric Cooperative Association (NRECA).

As a result, a team of electric company storm response experts has been on the ground coordinating closely with local officials, the Federal Emergency Management Agency, and the U.S. Army Corps of Engineers. The team has been focused on assessing damages and formalizing a structure for supporting logistics, equipment needs and supply chain issues, as well as ensuring ongoing restoration efforts are completed safely, effectively and efficiently. Experts have identified basecamps for crews and staging sites for materials that will allow workers and materials to be located closer to restoration areas.

Extensive portions of Puerto Rico's electric grid are located in rugged, mountainous terrain that has little or no road access due to Hurricane Maria's impact. Some customers may not be able to receive power to their homes or businesses because of damage from the storm.

"CenterPoint Energy crews will be working hand-in-hand with other utilities to overcome these challenges and assist our fellow citizens in Puerto Rico," added Scott.

CenterPoint Energy is part of electric utility mutual assistance programs that provide access to thousands of linemen and tree trimmers from around the country to lend a hand during widespread power outage emergencies. Coming to the aid of other utilities is nothing new to CenterPoint Energy employees. Over the years, crews have responded and restored power to hundreds of thousands of customers throughout the country who have been left in the dark following hurricanes, ice storms, tornadoes and severe thunderstorms.

For updates, follow CenterPoint Energy on Twitter: @CNPAlerts and Facebook: Facebook.com/CenterPointEnergy.

Natural gas service restoration in Cleveland, Texas substantially complete

Houston – Jan. 19, 2018 – Following a natural gas outage affecting more than 1,400 customers in Cleveland, Texas, CenterPoint Energy has restored service to all customers who have provided the company access to perform safety checks and relight pilots.

A small number of customers still remain without service because CenterPoint Energy employees were not able to access their home or business. The relighting process requires CenterPoint Energy employees to have access to each location to light pilots and check to make sure it is safe to resume service.

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

"We greatly appreciate our customers' cooperation and patience as our employees worked as quickly as we could to safely restore natural gas service," said Chalk.

Customers have been without gas service because of an equipment malfunction due to extremely low temperatures.