http://authoring.mycenterpointenergy.com/en-us/Lists/News List/DispForm.aspx?ID=1679
Electric Reliability Council of Texas calls for Power Conservation

​Houston – Sept. 7, 2023 – The Electric Reliability Council of Texas (ERCOT) has issued a conservation appeal due to continued high temperatures, high demand, low wind and declining solar power generation this afternoon. As a result, ERCOT is asking consumers to conserve electricity use, if safe to do so, today from 5 p.m. to 9 p.m. CT. Similar conditions are expected for tomorrow. CenterPoint Energy does not generate electricity itself, so any shortage of electric power capacity from the electric grid is not something that the company controls. ​

Today's conservation appeal does not indicate ERCOT is experiencing emergency conditions at this time. Current forecasts are showing a potential for low reserves today because of continued high temperatures, high demand, low wind and declining solar power generation into the afternoon and evening hours.

Consumers can help the ERCOT grid by conserving energy, especially during peak hours of 5 p.m. to 9 p.m. Please conserve electricity by:  

  • Raising your thermostat by a degree or two, if safe to do so.  
  • Avoid using large appliances, such as washers/dryers and dishwashers.
  • Turn off and unplug non-essential lights and appliances. 
  • Set pool pumps to run early morning or overnight; shut off during peak hours.

​If conditions worsen, ERCOT may issue a directive to curtail power delivered to customers, which requires transmission and distribution utilities like CenterPoint Energy to implement controlled outages due to power generation shortfall. Controlled outages are planned emergency measures designed to avoid potentially longer and more widespread power outages for customers. There are three levels of Energy Emergency Alerts (EEA), and controlled outages are only implemented as a last resort to maintain reliability of the electric system, and they are done with the intent to rotate outages in the electric service territory based on system conditions.  

Houston-area customers should prepare now and have a back-up plan in place, especially those who rely on electricity for life-sustaining equipment.  

ERCOT is the independent system operator for the region and manages the flow of electric power to most of Texas and more than 26 million Texas customers. CenterPoint Energy is an investor-owned electric utility and a member of ERCOT. The company manages the transmission and distribution of electricity to its approximately 2.7 million customers across the greater Houston area and surrounding communities. 

As needed, CenterPoint Energy will continue to keep customers updated through the company's customer communication channels, including X, formerly Twitter, (@CNPalerts), Facebook, Power Alert Service, Outage Tracker (Estimated Restoration Times will not be available for these types of emergencies) and the web.


2023-09-07T05:00:00Z
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Electric Reliability Council of Texas calls for Power Conservation

​Houston – Sept. 6, 2023 – The Electric Reliability Council of Texas (ERCOT) has issued a conservation appeal due to continued high temperatures, high demand, low wind and declining solar power generation this evening. As a result, ERCOT is asking consumers to conserve electricity use, if safe to do so, today from 6 p.m. to 9 p.m. CT. CenterPoint Energy does not generate electricity itself, so any shortage of electric power capacity from the electric grid is not something that the company controls. ​

Today's conservation appeal does not indicate ERCOT is experiencing emergency conditions at this time. Current forecasts are showing a potential for low reserves this evening because of continued high temperatures, high demand, low wind and declining solar power generation into the evening hours.

Consumers can help the ERCOT grid by conserving energy, especially during peak hours of 6 p.m. to 9 p.m. Please conserve electricity by:  

  • Raising your thermostat by a degree or two, if safe to do so.  
  • Avoid using large appliances, such as washers/dryers and dishwashers.
  • Turn off and unplug non-essential lights and appliances. 
  • Set pool pumps to run early morning or overnight; shut off during peak hours.

If conditions worsen, ERCOT may issue a directive to curtail power delivered to customers, which requires transmission and distribution utilities like CenterPoint Energy to implement controlled outages due to power generation shortfall. Controlled outages are planned emergency measures designed to avoid potentially longer and more widespread power outages for customers. There are three levels of Energy Emergency Alerts (EEA), and controlled outages are only implemented as a last resort to maintain reliability of the electric system, and they are done with the intent to rotate outages in the electric service territory based on system conditions.  

Houston-area customers should prepare now and have a back-up plan in place, especially those who rely on electricity for life-sustaining equipment.   

ERCOT is the independent system operator for the region and manages the flow of electric power to most of Texas and more than 26 million Texas customers. CenterPoint Energy is an investor-owned electric utility and a member of ERCOT. The company manages the transmission and distribution of electricity to its approximately 2.7 million customers across the greater Houston area and surrounding communities. 


As needed, CenterPoint Energy will continue to keep customers updated through the company's customer communication channels, including X, formerly Twitter, (@CNPalerts), Facebook, Power Alert Service, Outage Tracker (Estimated Restoration Times will not be available for these types of emergencies) and the web.

​

2023-09-06T05:00:00Z
http://authoring.mycenterpointenergy.com/en-us/Lists/News List/DispForm.aspx?ID=1675
Electric Reliability Council of Texas calls for Power Conservation
​Houston – Aug. 29, 2023 – The Electric Reliability Council of Texas (ERCOT) has issued a conservation appeal due to a high level of unexpected thermal generation outages and forecasted low wind generation. As a result, ERCOT is asking consumers to conserve electricity use, if safe to do so, today, Aug. 29, from 5 p.m. – 9 p.m. CT. CenterPoint Energy does not generate electricity itself, so any shortage of electric power capacity from the electric grid is not something that the company controls. 

Today's conservation appeal does not indicate ERCOT is experiencing emergency conditions at this time. Current forecasts are showing a potential to enter emergency operations this evening because of a high level of unexpected thermal generation outages and forecasted low wind generation.

Consumers can help the ERCOT grid by conserving energy, especially during peak hours of 5 p.m. to 9 p.m. Please conserve electricity by:  

  • Raising your thermostat by a degree or two, if safe to do so.  
  • Avoid using large appliances, such as washers/dryers and dishwashers.
  • Turn off and unplug non-essential lights and appliances. 
  • Set pool pumps to run early morning or overnight; shut off during peak hours.

​If conditions worsen, ERCOT may issue a directive to curtail power delivered to customers, which requires transmission and distribution utilities like CenterPoint Energy to implement controlled outages due to power generation shortfall. Controlled outages are planned emergency measures designed to avoid potentially longer and more widespread power outages for customers. There are three levels of Energy Emergency Alerts (EEA), and controlled outages are only implemented as a last resort to maintain reliability of the electric system, and they are done with the intent to rotate outages in the electric service territory based on system conditions.  

Houston-area customers should prepare now and have a back-up plan in place, especially those who rely on electricity for life-sustaining equipment.  

ERCOT is the independent system operator for the region and manages the flow of electric power to most of Texas and more than 26 million Texas customers. CenterPoint Energy is an investor-owned electric utility and a member of ERCOT. The company manages the transmission and distribution of electricity to its approximately 2.7 million customers across the greater Houston area and surrounding communities. 

As needed, CenterPoint Energy will continue to keep customers updated through the company's customer communication channels, including X, formerly Twitter, (@CNPalerts), Facebook, Power Alert Service, Outage Tracker (Estimated Restoration Times will not be available for these types of emergencies) and the web.​

​

2023-08-29T05:00:00Z
http://authoring.mycenterpointenergy.com/en-us/Lists/News List/DispForm.aspx?ID=1674
CenterPoint Energy urges Merryville customers to be safe when returning home following devastating wildfire

​Houston – Aug. 28, 2023 – In the wake of the recent wildfire in Tiger Island, near the town of Merryville, Louisiana, CenterPoint Energy – in collaboration with emergency responders and local authorities – has been working tirelessly to help keep the community safe and respond effectively to the situation.

CenterPoint Energy's technicians have begun visiting customers' residences to restore service. Crews will need access to customer homes to relight pilot lights on any natural gas appliances. If technicians visit a home and no one over the age of 18 is present, a door hanger with details on how to contact the company to schedule a relight will be left on the door. Our crews and contractors wear identification badges and will show them to you upon request.

“Our thoughts are with impacted community members as they bravely battled the Tiger Island Fire in Beauregard Parish," said Bo Murphy, Vice President, Louisiana and Mississippi Gas at CenterPoint Energy. “The devastating impact of this wildfire reaches far beyond the natural gas system, and we will continue to support Merryville in its recovery during this difficult time." 

Important actions taken by the company include:

  1. Monitoring and shut-off: Technicians actively monitored the wildfire's progression and were ready to initiate emergency shut-offs of natural gas supply lines where necessary. This proactive approach was aimed at minimizing the risk of natural gas-related incidents as a result of the wildfire. In coordination with local authorities, the company temporarily suspended natural gas service to prevent potential natural gas leaks or hazards.
  2. System assessments: Technicians continuously checked the natural gas system to ensure customers can safely return to the Merryville area.
  3. Expedited service restoration: Following the evacuation mandate, CenterPoint Energy technicians have returned to the area to restore service.

Safety tips for Merryville residents returning home

As Merryville residents begin to return to their homes in the aftermath of the wildfire, CenterPoint Energy urges everyone to follow these crucial safety guidelines:

Be alert for natural gas leaks. If you smell natural gas – which has a distinctive, strong odor, often compared to rotten eggs or sulfur – leave the area immediately on foot and tell others to leave, too. Do not turn the lights on or off, smoke, strike a match, use a phone or operate anything that might cause a spark, including a flashlight or a generator. Once safely away from the area, call 911 and CenterPoint Energy, and the company will send a trained service technician immediately.

  • Do not attempt to turn natural gas valves on or off. For your safety, do not turn any valves or tamper with the natural gas meter. If the smell of gas is present, leave the area immediately and tell others to leave, too. Call 911 then call CenterPoint Energy at 888-876-5786.
  • Identify the location of the natural gas meter. As you are putting out debris for heavy trash pick-up, please make sure it is placed away from the meter. In some areas the meter may be located near the curb. Trash collectors are using mechanized equipment to pick up heavy debris, and if the debris is near a natural gas meter, the equipment could pull up the meter damaging it, and causing a potentially hazardous situation. If this does happen, please leave the area immediately and call CenterPoint Energy.
  • Call a licensed plumber or a natural gas appliance technician to inspect your appliances. If you believe natural gas lines may have been damaged in the fire, call a professional to inspect your appliances prior to requesting a service reconnection. Don't forget to check outdoor appliances, such as pool heaters and gas grills.
  • While conducting clean-up, call 811 to locate utility lines prior to digging on your property.

We appreciate your patience as we work as safely and as quickly as possible to resume gas service to homes and businesses.​

2023-08-28T05:00:00Z
http://authoring.mycenterpointenergy.com/en-us/Lists/News List/DispForm.aspx?ID=1673
Electric Reliability Council of Texas calls for Power Conservation
Houston – Aug. 27, 2023 – The Electric Reliability Council of Texas (ERCOT) has issued a Conservation Appeal due to low wind and potential low solar generation and high demand. The grid operator is asking consumers and businesses to conserve electricity use, if safe to do so, today from 4 p.m. – 9 p.m. CenterPoint Energy does not generate electricity itself, so any shortage of electric power capacity from the electric grid is not something that the company controls. ​

Similar to yesterday, today's conservation appeal does not indicate ERCOT is experiencing emergency conditions at this time. Current forecasts are showing a potential to enter emergency operations this evening because of expected low wind and potential low solar generation and high demand.

Consumers can help the ERCOT grid by conserving energy, especially during peak hours of 4 p.m. to 9 p.m. Please conserve electricity by:  

  • Raising your thermostat by a degree or two, if safe to do so.  
  • Avoid using large appliances, such as washers/dryers and dishwashers.
  • Turn off and unplug non-essential lights and appliances. 
  • Set pool pumps to run early morning or overnight; shut off during peak hours.

If conditions worsen, ERCOT may issue a directive to curtail power delivered to customers, which requires transmission and distribution utilities like CenterPoint Energy to implement controlled outages due to power generation shortfall. Controlled outages are planned emergency measures designed to avoid potentially longer and more widespread power outages for customers. There are three levels of Energy Emergency Alerts (EEA), and controlled outages are only implemented as a last resort to maintain reliability of the electric system, and they are done with the intent to rotate outages in the electric service territory based on system conditions.  

Houston-area customers should prepare now and have a back-up plan in place, especially those who rely on electricity for life-sustaining equipment.  

ERCOT is the independent system operator for the region and manages the flow of electric power to most of Texas and more than 26 million Texas customers. CenterPoint Energy is an investor-owned electric utility and a member of ERCOT. The company manages the transmission and distribution of electricity to its approximately 2.7 million customers across the greater Houston area and surrounding communities. 

As needed, CenterPoint Energy will continue to keep customers updated through the company's customer communication channels, including X, formerly Twitter, (@CNPalerts), Facebook, Power Alert Service, Outage Tracker (Estimated Restoration Times will not be available for these types of emergencies) and the web.​

2023-08-27T05:00:00Z
http://authoring.mycenterpointenergy.com/en-us/Lists/News List/DispForm.aspx?ID=1672
Electric Reliability Council of Texas calls for Power Conservation
​Houston – Aug. 26, 2023 – The Electric Reliability Council of Texas (ERCOT) has issued a Conservation Appeal due to low wind and potential low solar generation and high demand. The grid operator is asking consumers and businesses to conserve electricity use, if safe to do so, today from 3 p.m. – 9 p.m. CenterPoint Energy does not generate electricity itself, so any shortage of electric power capacity from the electric grid is not something that the company controls. ​

Similar to yesterday, today's conservation appeal does not indicate ERCOT is experiencing emergency conditions at this time. Current forecasts are showing a potential to enter emergency operations this evening because of expected low wind and potential low solar generation and high demand.

ERCOT is requesting all government agencies (including city and county offices) to implement all programs to reduce energy use at their facilities.

Consumers can help the ERCOT grid by conserving energy, especially during peak hours of 3 p.m. to 9 p.m. Please conserve electricity by:  

  • Raising your thermostat by a degree or two, if safe to do so.  
  • Avoid using large appliances, such as washers/dryers and dishwashers.
  • Turn off and unplug non-essential lights and appliances. 
  • Set pool pumps to run early morning or overnight; shut off during peak hours.

If conditions worsen, ERCOT may issue a directive to curtail power delivered to customers, which requires transmission and distribution utilities like CenterPoint Energy to implement controlled outages due to power generation shortfall. Controlled outages are planned emergency measures designed to avoid potentially longer and more widespread power outages for customers. There are three levels of Energy Emergency Alerts (EEA), and controlled outages are only implemented as a last resort to maintain reliability of the electric system, and they are done with the intent to rotate outages in the electric service territory based on system conditions.  

Houston-area customers should prepare now and have a back-up plan in place, especially those who rely on electricity for life-sustaining equipment.  

ERCOT is the independent system operator for the region and manages the flow of electric power to most of Texas and more than 26 million Texas customers. CenterPoint Energy is an investor-owned electric utility and a member of ERCOT. The company manages the transmission and distribution of electricity to its approximately 2.7 million customers across the greater Houston area and surrounding communities. 

As needed, CenterPoint Energy will continue to keep customers updated through the company's customer communication channels, including X, formerly Twitter, (@CNPalerts), Facebook, Power Alert Service, Outage Tracker (Estimated Restoration Times will not be available for these types of emergencies) and the web.

​ 

​

2023-08-26T05:00:00Z
http://authoring.mycenterpointenergy.com/en-us/Lists/News List/DispForm.aspx?ID=1671
Electric Reliability Council of Texas calls for Power Conservation

​Houston – Aug. 25, 2023 – The Electric Reliability Council of Texas (ERCOT) has issued a Voluntary Conservation Notice due to continued low wind-power generation and high demand. The grid operator is asking consumers and businesses to safely reduce their electricity use as much as possible today from 3 p.m. to 9 p.m. ERCOT expects these conditions to persist through the weekend because of extreme heat. CenterPoint Energy does not generate electricity itself, so any shortage of electric power capacity from the electric grid is not something that the company controls. ​

Similar to yesterday, today's conservation appeal does not indicate ERCOT is experiencing emergency conditions at this time. Current forecasts are showing a potential to enter emergency operations this evening because of expected low wind-power generation and high demand.

Consumers can help the ERCOT grid by conserving energy, especially during peak hours of 3 p.m. to 9 p.m. Please conserve electricity by:  

  • Raising your thermostat by a degree or two, if safe to do so.  
  • Avoid using large appliances, such as washers/dryers and dishwashers.
  • Turn off and unplug non-essential lights and appliances. 
  • Set pool pumps to run early morning or overnight; shut off during peak hours.

​If conditions worsen, ERCOT may issue a directive to curtail power delivered to customers, which requires transmission and distribution utilities like CenterPoint Energy to implement controlled outages due to power generation shortfall. Controlled outages are planned emergency measures designed to avoid potentially longer and more widespread power outages for customers. There are three levels of Energy Emergency Alerts (EEA), and controlled outages are only implemented as a last resort to maintain reliability of the electric system, and they are done with the intent to rotate outages in the electric service territory based on system conditions.  

Houston-area customers should prepare now and have a back-up plan in place, especially those who rely on electricity for life-sustaining equipment.  

ERCOT is the independent system operator for the region and manages the flow of electric power to most of Texas and more than 26 million Texas customers. CenterPoint Energy is an investor-owned electric utility and a member of ERCOT. The company manages the transmission and distribution of electricity to its approximately 2.7 million customers across the greater Houston area and surrounding communities. 

As needed, CenterPoint Energy will continue to keep customers updated through the company's customer communication channels, including X, formerly Twitter, (@CNPalerts), Facebook, Power Alert Service, Outage Tracker (Estimated Restoration Times will not be available for these types of emergencies) and the web.​


2023-08-25T05:00:00Z
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Electric Reliability Council of Texas calls for Power Conservation

​Houston – Aug. 24, 2023 – The Electric Reliability Council of Texas (ERCOT) has issued a Voluntary Conservation Notice due to low wind-power generation and high demand. The grid operator is asking consumers and businesses to safely reduce their electricity use as much as possible today from 3 p.m. to 10 p.m. CenterPoint Energy does not generate electricity itself, so any shortage of electric power capacity from the electric grid is not something that the company controls. ​

ERCOT is not experiencing emergency conditions at this time, but forecasts are showing a high potential to enter emergency operations this evening because of expected low wind-power generation and high demand.

Consumers can help the ERCOT grid by conserving energy, especially during peak hours of 3 p.m. to 10 p.m. Please conserve electricity by:  

  • Raising your thermostat by a degree or two, if safe to do so.  
  • Avoid using large appliances, such as washers/dryers and dishwashers.
  • Turn off and unplug non-essential lights and appliances. 
  • Set pool pumps to run early morning or overnight; shut off during peak hours.

​If conditions worsen, ERCOT may issue a directive to curtail power delivered to customers, which requires transmission and distribution utilities like CenterPoint Energy to implement controlled outages due to power generation shortfall. Controlled outages are planned emergency measures designed to avoid potentially longer and more widespread power outages for customers. There are three levels of Energy Emergency Alerts (EEA), and controlled outages are only implemented as a last resort to maintain reliability of the electric system, and they are done with the intent to rotate outages in the electric service territory based on system conditions.  

Houston-area customers should prepare now and have a back-up plan in place, especially those who rely on electricity for life-sustaining equipment.  

ERCOT is the independent system operator for the region and manages the flow of electric power to most of Texas and more than 26 million Texas customers. CenterPoint Energy is an investor-owned electric utility and a member of ERCOT. The company manages the transmission and distribution of electricity to its approximately 2.7 million customers across the greater Houston area and surrounding communities. 

As needed, CenterPoint Energy will continue to keep customers updated through the company's customer communication channels, including X, formerly Twitter, (@CNPalerts), Facebook, Power Alert Service, Outage Tracker (Estimated Restoration Times will not be available for these types of emergencies) and the web.

​ 


2023-08-24T05:00:00Z
http://authoring.mycenterpointenergy.com/en-us/Lists/News List/DispForm.aspx?ID=1667
CenterPoint Energy appoints new Independent Board Chair

​Houston – Aug. 21, 2023 – CenterPoint Energy, Inc. (NYSE: CNP) announced that the company's Board of Directors has appointed Earl M. Cummings as its Independent Board Chair. Mr. Cummings has served as an Independent Director of CenterPoint Energy's Board of Directors since 2020. During that time, he has also served as the Chair of the Governance, Environmental and Sustainability Committee, as well as a member of the Audit and Compensation Committees.

Mr. Cummings succeeds Martin H. Nesbitt, who served as Independent Board Chair since July 2021.

The Board of Directors and CenterPoint Energy's leadership team said, “We would like to express our appreciation to Marty Nesbitt for his outstanding leadership at a pivotal and transformational time for our company. Marty's strategic direction and steady guidance, including his deep commitments to succession planning and talent development, further strengthened our company's foundation as a pure-play, regulated and premium utility."

The company added, “Earl's extensive leadership experience, combined with his background in corporate governance, government and regulatory affairs, and finance, make him the right leader for this important role. As a lifelong Houstonian, Earl's reputation as a respected and innovative leader in our headquarters city is second-to-none."

Mr. Cummings said, “I feel privileged to take on the role of Independent Chair of the Board at such an exciting time for our company. I am confident that we can continue delivering on our track record of proven performance and sustainable value for customers, communities, investors and employees as we execute on our long-term growth strategy. I look forward to working closely with the Board, CEO Dave Lesar, President and Chief Operating Officer Jason Wells, and the entire CenterPoint Energy leadership team to advance on what we believe is one of the most tangible growth stories in the industry."

About Earl M. Cummings

Mr. Cummings is an entrepreneur and has started and operated several businesses in the technology and real estate industries. He also currently serves on the Board of Directors of Halliburton Company.

Mr. Cummings' entrepreneurial and leadership endeavors include serving as managing partner of MCM Houston Properties, LLC, a real estate fund that invests in properties in Houston. He also serves as Chief Executive Officer of The BTS Team, which began as an information technology and staffing firm providing solutions and services across several regions and evolved into a company that also invested financial resources in various industries to create value for stakeholders. Mr. Cummings previously served as its Chief Information Officer and Chairman of the Board. He also served as Chief Executive Officer of BestAssets, Inc., a private company providing real estate portfolio management and related services.​

He holds a Bachelor of Business Administration in Management Information Systems from the University of Houston and a Master of Business Administration from Pepperdine University. Active across communities and in nonprofit board service, Mr. Cummings serves on the Board of Texas Children's Hospital and the University of Houston Energy Advisory Board.

About CenterPoint Energy, Inc.

As the only investor-owned electric and natural gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Indiana, Louisiana, Minnesota, Mississippi, Ohio and Texas. As of June 30, 2023, the company owned approximately $38 billion in assets. With approximately 9,000 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.

Forward Looking Statement
This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this news release, the words "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "goal," "intend," "may," "objective," "plan," "potential," "predict," "projection," "should," "target," "will" or other similar words are intended to identify forward-looking statements. These forward-looking statements are based upon assumptions of management which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. Actual events and results may differ materially from those expressed or implied by these forward-looking statements. Any statements in this news release regarding future events, such as the potential growth, including the timing and scale of such growth, of CenterPoint Energy, CenterPoint Energy's long-term capital plan and its ability to execute on its long-term capital plan, CenterPoint Energy's ability to execute on its generation transition plan and to implement cleaner energy, future financial performance of CenterPoint Energy, 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. Important factors that could cause actual results to differ materially from those indicated by the provided forward-looking information include risks and uncertainties relating to: (1) the impact of pandemics, including the COVID-19 pandemic; (2) financial market conditions; (3) general economic conditions; (4) the timing and impact of future regulatory and legislative decisions; (5) effects of competition; (6) weather variations; (7) changes in business plans; (8) continued disruptions to the global supply chain and increases in commodity prices; (9) legislative decisions, including tax and developments related to the environment such as global climate change, air emissions, carbon and waste water discharges; (10) CenterPoint Energy's ability to execute on its initiatives, targets and goals and operations and maintenance goals and (11) other factors, risks and uncertainties discussed in CenterPoint Energy's Annual Report on Form 10-K for the fiscal year ended December 31, 2022 and CenterPoint's Quarterly Reports on Form 10-Q for the quarters ended March 31, 2023 and June 30, 2023, and other reports CenterPoint Energy or its subsidiaries may file from time to time with the Securities and Exchange Commission.


2023-08-21T05:00:00Z
http://authoring.mycenterpointenergy.com/en-us/Lists/News List/DispForm.aspx?ID=1669
CenterPoint Energy appoints new Independent Board Chair

Earl M. Cummings named Independent Chair of the Board

HOUSTON, Aug. 21, 2023 - CenterPoint Energy, Inc. (NYSE: CNP) announced that the company's Board of Directors has appointed Earl M. Cummings as its Independent Board Chair. Mr. Cummings has served as an Independent Director of CenterPoint Energy's Board of Directors since 2020. During that time, he has also served as the Chair of the Governance, Environmental and Sustainability Committee, as well as a member of the Audit and Compensation Committees.

Mr. Cummings succeeds Martin H. Nesbitt, who served as Independent Board Chair since July 2021.

The Board of Directors and CenterPoint Energy's leadership team said, "We would like to express our appreciation to Marty Nesbitt for his outstanding leadership at a pivotal and transformational time for our company. Marty's strategic direction and steady guidance, including his deep commitments to succession planning and talent development, further strengthened our company's foundation as a pure-play, regulated and premium utility."

The company added, "Earl's extensive leadership experience, combined with his background in corporate governance, government and regulatory affairs, and finance, make him the right leader for this important role. As a lifelong Houstonian, Earl's reputation as a respected and innovative leader in our headquarters city is second-to-none."

Mr. Cummings said, "I feel privileged to take on the role of Independent Chair of the Board at such an exciting time for our company. I am confident that we can continue delivering on our track record of proven performance and sustainable value for customers, communities, investors and employees as we execute on our long-term growth strategy. I look forward to working closely with the Board, CEO Dave Lesar, President and Chief Operating Officer Jason Wells, and the entire CenterPoint Energy leadership team to advance on what we believe is one of the most tangible growth stories in the industry."

About Earl M. Cummings
Mr. Cummings is an entrepreneur and has started and operated several businesses in the technology and real estate industries. He also currently serves on the Board of Directors of Halliburton Company.

Mr. Cummings' entrepreneurial and leadership endeavors include serving as managing partner of MCM Houston Properties, LLC, a real estate fund that invests in properties in Houston. He also serves as Chief Executive Officer of The BTS Team, which began as an information technology and staffing firm providing solutions and services across several regions and evolved into a company that also invested financial resources in various industries to create value for stakeholders. Mr. Cummings previously served as its Chief Information Officer and Chairman of the Board. He also served as Chief Executive Officer of BestAssets, Inc., a private company providing real estate portfolio management and related services.

He holds a Bachelor of Business Administration in Management Information Systems from the University of Houston and a Master of Business Administration from Pepperdine University. Active across communities and in nonprofit board service, Mr. Cummings serves on the Board of Texas Children's Hospital and the University of Houston Energy Advisory Board.

About CenterPoint Energy, Inc.
As the only investor-owned electric and natural gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Indiana, Louisiana, Minnesota, Mississippi, Ohio and Texas. As of June 30, 2023, the company owned approximately $38 billion in assets. With approximately 9,000 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.

Forward Looking Statement
This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this news release, the words "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "goal," "intend," "may," "objective," "plan," "potential," "predict," "projection," "should," "target," "will" or other similar words are intended to identify forward-looking statements. These forward-looking statements are based upon assumptions of management which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. Actual events and results may differ materially from those expressed or implied by these forward-looking statements. Any statements in this news release regarding future events, such as the potential growth, including the timing and scale of such growth, of CenterPoint Energy, CenterPoint Energy's long-term capital plan and its ability to execute on its long-term capital plan, CenterPoint Energy's ability to execute on its generation transition plan and to implement cleaner energy, future financial performance of CenterPoint Energy, 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. Important factors that could cause actual results to differ materially from those indicated by the provided forward-looking information include risks and uncertainties relating to: (1) the impact of pandemics, including the COVID-19 pandemic; (2) financial market conditions; (3) general economic conditions; (4) the timing and impact of future regulatory and legislative decisions; (5) effects of competition; (6) weather variations; (7) changes in business plans; (8) continued disruptions to the global supply chain and increases in commodity prices; (9) legislative decisions, including tax and developments related to the environment such as global climate change, air emissions, carbon and waste water discharges; (10) CenterPoint Energy's ability to execute on its initiatives, targets and goals and operations and maintenance goals and (11) other factors, risks and uncertainties discussed in CenterPoint Energy's Annual Report on Form 10-K for the fiscal year ended December 31, 2022 and CenterPoint's Quarterly Reports on Form 10-Q for the quarters ended March 31, 2023 and June 30, 2023, and other reports CenterPoint Energy or its subsidiaries may file from time to time with the Securities and Exchange Commission.

For more information contact
Media:
Communications
Media.Relations@CenterPointEnergy.com
Investors:
Jackie Richert/Ben Vallejo
Phone 713.207.6500

SOURCE CenterPoint Energy, Inc.

2023-08-22T05:00:00Z

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