CenterPoint Energy recognizes Outstanding Volunteers

Houston, TX – August 25, 2016 – CenterPoint Energy recently recognized ten employees as Outstanding Volunteers for their exceptional service within their local communities in 2015. They will each be awarded a $500 Grant Incentive for Volunteers (GIVE) grant for donation to the nonprofit organization of their choosing.

“These volunteers reflect the caring, unselfish spirit that many of our company’s employees demonstrate in their communities,” said Diane Englet, senior director of Corporate Community Relations at CenterPoint Energy. “CenterPoint Energy is proud to partner with community organizations to build inclusive and sustainable communities in each of the areas that we serve.” 

The Outstanding Volunteer recipients are:​
  • Jennifer Alexander - operations support representative in Byram, Miss.
    • ​Community organization - American Cancer Society/Copiah County Relay for Life.
  • ​Mattie Cade - senior administrative assistant in Houston, TX.
    • ​Community organization - Junior Achievement
  • Mitchell Crocker - senior technical analyst in Houston, TX.
    • ​Community organization - Fifth Ward Enrichment Program
  • Richard Hartstein - C&M technician in Lufkin, TX.
    • ​​​Community organization - Shen-Chuan
  • ​Clayton Hayes - C&M technician in Searcy, Ark.
    • ​Community organization - Letona Volunteer Fire Department
  • David Holmes - odorization technician in Richmond, TX.
    • ​Community organization - Rosenberg National Little League
  • ​Jeff Niederloh - senior financial analyst in Minneapolis, Minn.
    • ​​Community organization - Can Do Canines
  • Shalonda Smith - senior administrative assistant in Houston, TX.
    • ​Community organization - Cy-Fair Sports Association (Cheerleading)
  • Gina Swanson - operations generalist in Linden, Minn.
    • ​Community organization - Faith Lilac Way Church
  • Gary Vander Henst - senior IT programmer analyst in Houston, TX.
    • ​Community organization - Cystic Fibrosis

To learn more about what CenterPoint Energy is doing in your community, visit CenterPointEnergy.com/Community. 



2016-08-25T05:00:00Z
CenterPoint Energy helps natural gas customers in south Louisiana impacted by recent flooding
  • ​​​​​Offers customers assistance with natural gas accounts including waiving late fees and deposits, suspending past-due bills
  • Donates to American Red Cross for flood relief efforts

HOUSTON, TX – August 24, 2016 –CenterPoint Energy is offering assistance to natural gas customers who were impacted by the recent flooding. 

“The heavy rainfall in south Louisiana has forced thousands of people from their homes and resulted in the worst natural disaster to strike the United States since Super Storm Sandy,” said Trey Kuchar, vice president of Gas Operations in Louisiana. “CenterPoint Energy is here to help impacted natural gas customers during this flooding emergency.”

If customers need assistance with a flood-related matter, they can call 800-477-0177.  To assist, CenterPoint Energy is:

  • Waiving recent late fees,
  • Stopping disconnections for non-payment,
  • Accepting requests for payment arrangements,
  • Waiving deposits if a customer is reconnecting service because the previous account was closed due to flood damage, and
  • Suspending past-due collection efforts.
“Respect for the communities in which we operate is a core value upon which CenterPoint Energy has operated for more than 140 years. That’s why in addition to helping with natural gas accounts, CenterPoint Energy has made a $10,000 donation to the American Red Cross to support residents who have been displaced,” added Kuchar. 

The public can help by making a financial donation by visiting RedCross.org​, calling 1-800-RED CROSS or texting the word LAFLOODS to 90999 to make a $10 donation.



2016-08-24T05:00:00Z
CenterPoint Energy and the Houston Dynamo offer chance to win game tickets

Houston, TX – August 24, 2016 – CenterPoint Energy is partnering with the Houston Dynamo to offer Houston-area residents a chance to win Dynamo tickets and meet defender DaMarcus Beasley by entering the Houston Dynamo® and CenterPoint Energy Power Alert ServiceSM Sweepstakes.​

Six lucky winners will get two tickets to the Dynamo regular season home game on September 30, two passes to a post-game meet and greet with DaMarcus Beasley, two Dynamo jerseys and one $100 prepaid gift card.

CenterPoint Energy’s Power Alert Service is a free* and convenient program that automatically delivers email, text and/or phone call alerts when the power goes out at or near your address. Power Alert Service provides an estimated time the problem will be fixed and notifies you when power has been restored.

Entries will be accepted until 5 p.m. on September 5. No purchase is necessary to enter or win. To enter and view official contest rules, visit CenterPointEnergy.com/Dynamo​ today.

* Standard text messaging fees may apply

2016-08-24T05:00:00Z
CenterPoint Energy and the Houston Astros present Power Alert ServiceSM Sweepstakes

Houston, TX – August 18, 2016 – CenterPoint Energy is partnering with the Houston Astros to offer customers in CenterPoint Energy Houston Electric’s service territory a chance to win Astros tickets and more by entering the Houston Astros® and CenterPoint Energy Power Alert ServiceSM Sweepstakes.​

The lucky winner will get four tickets to one Astros 2016 regular season home game (Sept. 23, 24 or 25), a meet and greet with Astros legend Jose Cruz, a ballpark tour and one $500 Astros gift card that is good for food, beverages and souvenirs at Minute Maid Park.

CenterPoint Energy’s Power Alert Service is a free* and convenient program that automatically delivers email, text and/or phone call alerts when the power goes out at or near your address. Power Alert Service provides an estimated time the problem will be fixed and notifies you when power has been restored.

Entries will be accepted until 11:59 p.m. on Sept. 5. No purchase is necessary to enter or win. 
To enter and view official contest rules, visit Astros.com/PowerAlertService​ today.

* Standard text messaging fees may apply


2016-08-18T05:00:00Z
CenterPoint Energy Scores Highest on Customer Engagement among Texas Electric Utilities

HOUSTON, TX – August 16, 2016 - With a score of 721 (on a 1,000-point scale), CenterPoint Energy, Inc. (NYSE: CNP) scores highest among Texas electric transmission & distribution service providers (TDSPs) on residential customer engagement, according to the Texas TDSP Trusted Brand & Customer Engagement study, a Cogent Reports™​ study by Market Strategies International. The study was conducted in the second half of 2015 and first half of 2016 among 2,820 electric service customers residing in Texas in six deregulated electric service territories.

TDSPs are the companies that own and maintain wires, poles and electric infrastructure and facilitate the distribution of electricity within a given region. CenterPoint Energy’s score is 30 points higher than the 691 market average. Customer engagement is scored based upon an Engaged Customer Relationship (ECR) index that comprises three components—Operational Satisfaction, Brand Trust and Product Experience. CenterPoint Energy posts the highest score on each of these components among other Texas TDSPs.

“The focus and strategy CenterPoint Energy put into building strong relationships with its customers has really paid off, resulting in the highest ECR score by a significant amount,” said Chris Oberle, senior vice president at Market Strategies International. “Operational Satisfaction is the utility’s strongest-performing component, and there is now a great opportunity to leverage its superior operational performance into even deeper customer relationships with high value-added product usage.”

“In addition to achieving the highest ECR score, we are the only TDSP to score over 700 on safety and reliability, significantly higher than the market average on customer effort to obtain service, and significantly higher for community support,” said Gregg Knight, senior vice president and chief customer officer for CenterPoint Energy. “We are extremely proud of these results.” 

About Texas TDSP Trusted Brand & Customer Engagement Study

The sample design uses US census data and strict quotas to ensure a demographically balanced sample of each evaluated utility’s customers based on age, gender, income, race and ethnicity. Utilities were weighted to balance the influence of each utility’s customers on survey results. Market Strategies will supply the exact wording of any survey question upon request.
 
CenterPoint Energy, Inc., headquartered in Houston, Texas, is a domestic energy delivery company that includes electric transmission & distribution, natural gas distribution and energy services operations. The company serves more than five million metered customers primarily in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma, and Texas. The company also owns a 55.4 percent limited partner interest in Enable Midstream Partners, a publicly traded master limited partnership it jointly controls with OGE Energy Corp.,  which owns, operates and develops natural gas and crude oil infrastructure assets. With more than 7,400 employees, CenterPoint Energy and its predecessor companies have been in business for more than 140 years. For more information, visit the website at www.CenterPointEnergy.com. 

2016-08-16T05:00:00Z
CenterPoint Energy issues important natural gas flooding safety tips

​​HOUSTON, TX – August 15, 2016 – CenterPoint Energy wants to remind customers of important natural gas flooding 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. If you smell gas, leave the area immediately 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 800-477-0177, and CenterPoint Energy will send a trained service technician immediately.

After the Flood

  • ​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.
  • Before conducting debris cleanup, to locate underground natural gas lines and other underground utility lines, and before digging on property, call 811 - the nationwide Call Before You Dig number.
  • 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 800-477-0177.

Once flood waters recede, CenterPoint Energy crews will be assessing damage to our facilities in affected areas. If the equipment that serves your residence or business was damaged, you will be contacted by CenterPoint Energy so that repairs can be made. 

2016-08-15T05:00:00Z
CenterPoint Energy urges customers to be on alert for potential scam

New Braunfels, TX – August 12, 2016 – CenterPoint Energy is urging customers in the New Braunfels area to be on alert for a potential scam targeting natural gas customers. 

Posing as company employees, scammers are calling customers to tell them they are behind on their natural gas bills and have a short time to make a payment. The customers are told to make payments to avoid having their service shut off.

“It is important to note that while CenterPoint Energy does bill customers for natural gas service, we will never call customers and threaten them with service disconnection,” said Nelda Juarez, director of Gas​ Operations for CenterPoint Energy. “Additionally, any caller requesting banking or credit card information over the phone for payment should be considered suspicious and reported to CenterPoint Energy and local authorities.” 

To avoid falling victim to any scam, CenterPoint Energy reminds customers of the following: ​
  • Protecting personal and financial customer data is of utmost importance to CenterPoint Energy. 
  • CenterPoint Energy phone agents (whether inbound or outbound) will NEVER personally request banking or credit card information over the phone, but will instead transfer a customer to an automated system to collect payment information for natural gas bills. 
  • CenterPoint Energy phone agents (whether inbound or outbound) will NEVER threaten with service disconnection.
  • ​​Company field employees carry identification which clearly shows a photo and name, and will never ask for Social Security Numbers or bank data during a field visit.

For more information about natural gas payment methods, please click here

CenterPoint Energy, Inc., headquartered in Houston, Texas, is a domestic energy delivery company that includes electric transmission & distribution, natural gas distribution and energy services operations. The company serves more than five million metered customers primarily in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma, and Texas. The company also owns a 55.4 percent limited partner interest in Enable Midstream Partners, a publicly traded master limited partnership it jointly controls with OGE Energy Corp., which owns, operates and develops natural gas and crude oil infrastructure assets. With more than 7,400 employees, CenterPoint Energy and its predecessor companies have been in business for more than 140 years. For more information, visit the website at CenterPointEnergy.com.

2016-08-12T05:00:00Z
CenterPoint Energy reports second quarter 2016 net loss of $0.01 per diluted share; $0.17 earnings per diluted share on a guidance basis
  • Utility growth and performance remain on track
  • Earnings reduced by $0.17 per share associated with ZENS primarily due to the merger of Time Warner Cable and Charter Communications
  • Company reaffirms full-year guidance of $1.12 – $1.20 per diluted share
  • ​Company concludes REIT review

Houston, TX – August 5, 2016 - CenterPoint Energy, Inc. (NYSE: CNP) today reported a net loss of $2 million, or a loss of $0.01 per diluted share, for the second quarter of 2016, compared with net income of $77 million, or $0.18 per diluted share, for the same period of the prior year. On a guidance basis, second quarter 2016 earnings were $0.17 per diluted share, consisting of $0.14 from utility operations and $0.03 from midstream investments, compared with earnings of $0.19 per diluted share in the second quarter of 2015, consisting of $0.13 from utility operations and $0.06 from midstream investments.

Operating income for the second quarter of 2016 was $182 million, compared with $186 million in the second quarter of the prior year. Equity income from midstream investments was $31 million for the second quarter of 2016, compared with $43 million for the same period in the prior year.

“Throughput and customer growth remain strong for both of our utility businesses, and we remain on track to achieve our earnings guidance of $1.12 – $1.20 per share by year end,” said Scott M. Prochazka, president and chief executive officer of CenterPoint Energy.  “Milder than normal weather at our electric utility and losses attributable to changes in the fair value of commodity derivatives at Enable Midstream accounted for most of the headwinds we experienced this quarter.” 
REIT Review

As disclosed in February 2016, the company undertook a process to explore the use of a Real Estate Investment Trust (REIT) business model for all or part of the utility business.  The company has completed its evaluation and decided not to pursue forming a REIT structure for its utility business, or any part thereof.

​“Given a broad range of assumptions, we have determined that the potential to create long-term shareholder value by forming a REIT is very limited and does not justify exposure to the associated risks,” said Prochazka.  “We continue to focus on increasing shareholder value by investing in our growing utility businesses.”

Electric Transmission & Distribution​​​

The electric transmission & distribution segment reported operating income of $158 million for the second quarter of 2016, consisting of $135 million from the regulated electric transmission & distribution utility operations (TDU) and $23 million related to securitization bonds. Operating income for the second quarter of 2015 was $158 million, consisting of $131 million from the TDU and $27 million related to securitization bonds. 

Operating income for the TDU benefited primarily from higher net transmission-related revenues ($8 million), customer growth ($8 million) and higher equity return ($5 million), primarily related to true-up proceeds.  These benefits were partially offset by higher depreciation and other taxes ($12 million) as well as lower usage per customer, primarily due to milder weather ($4 million). ​

Natural Gas Distribution​​

The natural gas distribution segment reported operating income of $20 million for the second quarter of 2016, compared with $19 million for the same period of 2015. Operating income benefited from rate increases ($9 million) and customer growth ($2 million).  These benefits were offset by higher depreciation and other taxes ($7 million) as well as increased contractor services expense ($5 million).

Energy Services​

The energy services segment reported operating income of $-0- for the second quarter of 2016 compared with $9 million for the same period in the prior year.  Second quarter operating income for 2016 included a mark-to-market accounting loss of $7 million, compared to a gain of $2 million for the same period of the prior year.  Excluding mark-to-market adjustments, operating income would have been $7 million in both second quarter 2016 and second quarter 2015.  

The second quarter of 2016 also included $2 million of operation and maintenance expenses and $1 million of amortization expenses related to the acquisition and integration of the retail energy services business and wholesale assets of Continuum Energy, which closed April 1, 2016.

Midstream Investments​

The midstream investments segment reported $31 million of equity income for the second quarter of 2016, compared with $43 million in the second quarter of the prior year.  Second quarter 2016 equity income from Enable Midstream was lower by $16 million versus the second quarter 2015 as a result of increased losses attributed to changes in the fair market value of commodity derivatives.

Enable Midstream also declared a quarterly cash distribution of $0.318 per common and subordinated unit on August 2, 2016. Please refer to Enable Midstream’s August 3, 2016 earnings press release for details.​

ZENS-Related Impact

In connection with the merger between Charter Communications and Time Warner Cable, CenterPoint Energy received $100 and 0.4891 shares of Charter Common for each share of TWC Common held, resulting in cash proceeds of $178 million and 872,531 shares of Charter Common. In accordance with the terms of the Zero-Premium Exchangeable Subordinated Notes (ZENS), the company remitted $178 million to ZENS note holders in June 2016, which reduced contingent principal. As a result, the company recorded a pre-tax loss of $117 million, which is included in Loss on indexed debt securities on the Statements of Consolidated Income.

Dividend Declaration​​

On July 28, 2016, CenterPoint Energy’s board of directors declared a regular quarterly cash dividend of $0.2575 per share of common stock payable on September 9, 2016, to shareholders of record as of the close of business on August 16, 2016. ​​​

Outlook for 2016

On a consolidated basis, CenterPoint Energy reaffirms its guidance for 2016 in the range of $1.12 – $1.20 per diluted share.  
The guidance range considers utility operations 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, the company assumes for midstream investments a 55.4 percent limited partner ownership interest in Enable Midstream and includes the amortization of CenterPoint Energy’s basis difference in Enable Midstream. CenterPoint Energy’s guidance takes into account such factors as Enable Midstream’s most recent public outlook for 2016, dated August 3, 2016, 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 June 30, 2016. 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, August 5, 2016 at 10 a.m. Central time or 11 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) recording of non-cash goodwill, long-lived asset or other than temporary impairment charges by or related to Enable Midstream; (4) timely and appropriate rate actions that allow recovery of costs and a reasonable return on investment; (5) the timing and outcome of any audits, disputes or other proceedings related to taxes; (6) problems with construction, implementation of necessary technology or other issues with respect to major capital projects that result in delays or in cost overruns that cannot be recouped in rates; (7) industrial, commercial and residential growth in CenterPoint Energy's service territories and changes in market demand, including the effects of energy efficiency measures and demographic patterns; (8) the timing and extent of changes in commodity prices, particularly natural gas and natural gas liquids, and the effects of geographic and seasonal commodity price differentials, and the impact of commodity changes on producer related activities; (9) weather variations and other natural phenomena, including the impact on operations and capital from severe weather events; (10) any direct or indirect effects on CenterPoint Energy's facilities, operations and financial condition resulting from terrorism, cyber-attacks, data security breaches or other attempts to disrupt its businesses or the businesses of third parties, or other catastrophic events; (11) the impact of unplanned facility outages; (12) timely and appropriate regulatory actions allowing securitization or other recovery of costs associated with any future hurricanes or natural disasters; (13) changes in interest rates or rates of inflation; (14) commercial bank and financial market conditions, CenterPoint Energy's access to capital, the cost of such capital, and the results of its financing and refinancing efforts, including availability of funds in the debt capital markets; (15) actions by credit rating agencies; (16) effectiveness of CenterPoint Energy's risk management activities; (17) inability of various counterparties to meet their obligations; (18) non-payment for services due to financial distress of CenterPoint Energy's and Enable Midstream’s customers; (19) the ability of GenOn Energy, Inc. (formerly known as RRI Energy, Inc.), a wholly owned subsidiary of NRG Energy, Inc., and its subsidiaries to satisfy their obligations to CenterPoint Energy and its subsidiaries; (20) the ability of retail electric providers, and particularly the largest customers of the TDU, to satisfy their obligations to CenterPoint Energy and its subsidiaries; (21) the outcome of litigation; (22) CenterPoint Energy's ability to control costs, invest planned capital, or execute growth projects; (23) the investment performance of pension and postretirement benefit plans; (24) potential business strategies, including restructurings, joint ventures, and acquisitions or dispositions of assets or businesses, for which no assurance can be given that they will be completed or will provide the anticipated benefits to CenterPoint Energy; (25) acquisition and merger activities and successful integration of such activities, involving CenterPoint Energy or its competitors; (26) the ability to recruit, effectively transition and retain management and key employees and maintain good labor relations; (27) future economic conditions in regional and national markets and their effects on sales, prices and costs; (28) the performance of Enable Midstream, the amount of cash distributions CenterPoint Energy receives from Enable Midstream, and the value of its interest in Enable Midstream, and factors that may have a material impact on such performance, cash distributions and value, including certain of the factors specified above and: (A) the integration of the operations of the businesses contributed to Enable Midstream; (B) the achievement of anticipated operational and commercial synergies and expected growth opportunities, and the successful implementation of  Enable Midstream’s business plan; (C) competitive conditions in the midstream industry, and actions taken by Enable Midstream’s customers and competitors, including the extent and timing of the entry of additional competition in the markets served by Enable Midstream; (D) the timing and extent of changes in the supply of natural gas and associated commodity prices, particularly natural gas and natural gas liquids, the competitive effects of the available pipeline capacity in the regions served by Enable Midstream, and the effects of geographic and seasonal commodity price differentials, including the effects of these circumstances on re-contracting available capacity on Enable Midstream’s interstate pipelines; (E) the demand for crude oil, natural gas, NGLs and transportation and storage services; (F) changes in tax status; (G) access to growth capital; and (H) the availability and prices of raw materials for current and future construction projects; (29) effective tax rate; (30) the effect of changes in and application of accounting standards and pronouncements; (31) other factors discussed in CenterPoint Energy’s Annual Report on Form 10-K for the fiscal year ended December 31, 2015, as well as in CenterPoint Energy’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2016 and June 30, 2016, 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.  A reconciliation of net income and diluted earnings per share to the basis used in providing 2016 guidance is provided in this news release.  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 table of this news release. 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.




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2016-08-05T11:00:00Z
CenterPoint Energy declares $0.2575 quarterly dividend

Houston – July 28, 2016 - CenterPoint Energy, Inc.’s. (NYSE: CNP) board of directors today declared a regular quarterly cash dividend of $0.2575 per share of common stock payable on Sept. 9, 2016, to shareholders of record as of the close of business on Aug. 16, 2016. 

CenterPoint Energy, Inc., headquartered in Houston, Texas, is a domestic energy delivery company that includes electric transmission & distribution, natural gas distribution and energy services operations. The company serves more than five million metered customers primarily in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma, and Texas. The company also owns a 55.4 percent limited partner interest in Enable Midstream Partners, a publicly traded master limited partnership it jointly controls with OGE Energy Corp.,  which owns, operates and develops natural gas and crude oil infrastructure assets. With more than 7,400 employees, CenterPoint Energy and its predecessor companies have been in business for more than 140 years. For more information, visit the website at www.CenterPointEnergy.com.​

2016-07-28T21:35:00Z
CenterPoint Energy linemen bring home victories at Texas Lineman’s Rodeo

HOUSTON, TX – July 27, 2016 – CenterPoint Energy linemen teams made an impressive showing at the 20th Annual Texas Lineman’s Rodeo recently held in Sequin, Texas, bringing home a total of seven awards. The event offered the state’s linemen an opportunity to compete against each other in a friendly competition, and showcase their pride in their profession. 

At the Rodeo, Shawn Wassgren of CenterPoint Energy’s Cypress Service Center won first place in the apprentice written test category and first place for overall apprentice; Clint King of Cypress Service Center, and Brandon Rustin and Patrick Huff of Spring Branch Service Center placed first overall in the Investor Owned Utilities (IOU) Division.

“Our crews maintain safety and use difficult technical skills every day at work,” said Ed Scott, regional operations director for CenterPoint Energy. “Their proficiency in these areas helped them do well and receive the recognition they deserve for their skills.”

The Lineman’s Rodeo includes competitive events like the hurt man rescue and the pole climb, which are graded on safety and proficiency. In the hurt man rescue, a 150-pound mannequin, simulating an injured coworker, is "rescued" from the top of a 40-foot pole. The pole climb is a timed event and tests the skills of a lineman by having him/her climb up then climb down a pole without breaking a raw egg that is carried in his/her mouth.

Additional CenterPoint Energy teams and individuals receiving awards included:​
  • Brandon Rustin of Spring Branch Service Center placed second place for individual pole climb,  
  • Clint King of Cypress Service Center, and Brandon Rustin and Patrick Huff of Spring Branch Service Center who placed second in the Journeyman Pole Climb,
  • Mykel Sparacino of Spring Branch Service Center, Chad Albert of Cypress Service Center and Chris Sandoval of H. O. Clarke Service Center, who placed second overall in the IOU Division and
  • Marcus Schexnayder of Spring Branch Service Center, Matt Sanders of H. O. Clarke Service Center and Brad Wagner of South Houston Service Center, who placed third overall in the IOU Division.

In October, the company teams will compete at the International Lineman’s Rodeo in Bonner Springs, Kansas.

2016-07-27T05:00:00Z

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