CenterPoint Energy prepares for winter weather conditions

Houston – Jan. 18, 2022 – CenterPoint Energy has made preparations for the potential impact from cold temperatures that might affect the region during the remaining winter months. The company is focused on service reliability and continuously prepares for seasonal weather events.

“From cold fronts to hurricanes, we are constantly monitoring weather conditions that could impact our ability to serve our customers. Our preparations take place year-round in anticipation of the various potential seasonal events that occur in our area,” said Scott Doyle, Executive Vice President, Utility Operations. “Whenever severe weather is expected, we begin preparations, start executing on established restoration plans, and deploy the necessary personnel, resources and equipment to restore electricity and natural gas service as safely and quickly as possible.”

Doyle added, “Since the February 2021 winter storm, we have taken additional steps and measures to ensure that we are ready and prepared for winter weather across greater Houston and surrounding communities.”

Some of CenterPoint Energy’s winter weather preparations include: 

  • Completed additional emergency preparedness training to ensure personnel are ready to respond to extreme events.
  • Worked with suppliers to ensure necessary materials for restoration efforts.
  • Hardened transmission system to enhance resiliency.
  • Undergone additional thorough inspections to ensure electrical facilities, including substations and main feeder lines, are ready for high demand and cooler temperatures. This is in addition to regularly scheduled facility inspections and maintenance. 
  • Completed field inspections in accordance with Winter Weather Readiness requirements from the Public Utility Commission of Texas (PUCT) and the Electric Reliability Council of Texas (ERCOT), and recent legislation.
  • Complied with the Federal Energy Regulatory Commission, North American Electric Reliability Corporation, Railroad Commission of Texas and PUCT, following all weatherization rules.  
  • Met with regulators, local and state elected officials, and emergency management personnel across its service territory to better understand community needs, including communications, response plans and critical facility designations.
  • Expanded customer weatherization programs targeted toward limited and low-income households.
  • Deployed a voluntary load management program to reduce non-residential customers’ electric consumption for short periods during emergency events so more residential power can remain on.
  • Leveraged enhanced system load rotation automation technology to allow customers to have more regular and predictable outage intervals should a load shed event occur.
  • Received and processed more than 100 critical load applications related to the natural gas industry since the February 2021 winter storm. 
  • Coordinated communications plan in place to inform customers about weather conditions, potential impact on service, and the company’s restoration efforts to its customers through various channels, including Facebook, Twitter, Power Alert Service, Outage Tracker and its website.

In addition, the Texas Legislature passed several new laws in 2021 that provide Transmission and Distribution Utilities (TDUs), like CenterPoint Energy, with new capabilities to further improve reliable energy delivery for their customers, including temporary, limited emergency energy generation during certain widespread outages, as described below. 

CenterPoint Energy has entered into lease agreements with Life Cycle Power, a company that employs a diverse fleet of mobile dual-fuel turbine generators, for emergency back-up generation resources. Through the agreements, CenterPoint Energy will receive up to approximately 500 megawatts of total capacity to be deployed across its greater Houston electric footprint. The mobile generation would support the grid and could allow up to hundreds of thousands of homes and businesses, that could otherwise be without power, to have electricity during an extreme emergency event.

CenterPoint Energy President and CEO Dave Lesar said, “We have made and will continue to make prudent, strategic investments to support of the safety, reliability and resiliency of our systems for the benefit of our customers and communities.”

Lesar added, “As the ‘poles and wires’ company that delivers energy to our customers, the temporary back-up mobile generation resources will be critical in aiding our ability to continue serving customers during future widespread power outages from weather events or other unanticipated widespread outages across our electric footprint here in Texas. They will also help us to support ERCOT when it calls for a load shed event and ultimately help our customers.”

Under the new statute, a “widespread power outage” is an event that results in a loss of electric power that affects a significant number of distribution customers of a TDU; that has lasted or is expected to last for at least eight hours; and that results in a risk to public safety. TDUs may use temporary back-up generation resources during widespread power outages in which ERCOT has ordered a TDU to shed load or the TDU’s distribution facilities are not being fully served by the bulk power system under normal operations.

The company’s natural gas system performed very well during the February 2021 winter storm, with customers experiencing minimal impact. As part of its continuous improvement efforts, CenterPoint Energy also took additional steps to enhance natural gas service reliability in the greater Houston area and surrounding communities: 

  • Reinforced natural gas system with multiple reliability and capacity improvement projects.
  • Identified and assigned technicians to key stations ahead of cold weather events.
  • Adjusted locations of electronic pressure monitoring devices to monitor system low points, based on customer growth.
  • Added a fourth propane-air peak shaving facility to supplement natural gas supply to CenterPoint Energy’s natural gas distribution system, enhancing reliability for customers during periods of peak demand.
  • Coordinated with the Texas Energy Reliability Council and Railroad Commission of Texas to identify and ensure operations of critical gas infrastructure for natural gas and electric grid reliability.

CenterPoint Energy continues to encourage customers to have an emergency plan, especially if they depend on electricity for life-sustaining equipment and natural gas or electricity to heat their homes. 

For the latest information on power outages:




2022-01-18T06:00:00Z
CenterPoint Energy completes sale of its Arkansas and Oklahoma natural gas distribution businesses to Summit Utilities

Houston – January 10, 2022 – CenterPoint Energy, Inc. (NYSE: CNP) today announced that it has successfully completed the previously announced sale of its natural gas distribution utilities in Arkansas and Oklahoma to Summit Utilities, Inc. The assets include approximately 17,000 miles of main pipeline in Arkansas, Oklahoma and Texarkana, serving more than 500,000 residential and business customers.

The transaction received all necessary federal and state regulatory approvals, including from the Arkansas Public Service Commission, Oklahoma Corporation Commission and Federal Energy Regulatory Commission. Summit will immediately assume responsibility for serving CenterPoint Energy's former customers in Arkansas, Oklahoma and Texarkana.

CenterPoint Energy Executive Vice President, Utility Operations Scott Doyle said, "We want to thank our employees and those of Summit for the successful completion of this transaction. We will be working together for a seamless transition for the benefit of the customers throughout the service territories."

CenterPoint Energy President and CEO Dave Lesar said, "Completing the sale of these natural gas distribution businesses will help us achieve a number of our strategic goals, including efficiently funding our long-term capital investment plans across our regulated utility businesses without issuing external equity, driving industry-leading rate base growth, and allowing us to focus our efforts on executing our plan across fewer jurisdictions."

Lesar added, "At our recent Analyst Day, we outlined a pathway towards becoming a premium utility, including an updated five-year capital plan of more than $18 billion, as well as a first-ever 10-year capital plan of more than $40 billion to serve our growing customer base. These investments will be dedicated to safety, reliability, growth and enabling clean energy investments to benefit our customers and investors."

About CenterPoint Energy, Inc.

As the only investor-owned electric and 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, after the closing of the Arkansas/Oklahoma transaction, serve nearly 7 million metered customers in Indiana, Louisiana, Minnesota, Mississippi, Ohio and Texas. As of September 30, 2021, the company owned approximately $37 billion in assets. With approximately 9,000 total employees after the closing of the Arkansas/Oklahoma transaction, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.

Forward-Looking Statements

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 CenterPoint Energy's capital investments, rate base growth and its ability to achieve it, financing plans (including future equity issuances), and future financial performance and results of operations 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 COVID-19; (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; and (8) other factors, risks and uncertainties discussed in CenterPoint Energy's Annual Report on Form 10-K for the fiscal year ended December 31, 2020, CenterPoint Energy's Quarterly Reports on Form 10-Q for the quarters ended March 31, 2021, June 30, 2021 and September 30, 2021 and other reports CenterPoint Energy or its subsidiaries may file from time to time with the Securities and Exchange Commission.

2022-01-10T06:00:00Z
CenterPoint Energy natural gas crews depart for Colorado to support restoration efforts following wildfires

Houston – Jan. 2, 2022 – This morning, CenterPoint Energy deployed natural gas mutual assistance crews and support personnel from Shreveport, La., to assist Xcel Energy with natural gas restoration efforts in Boulder, Colorado due to damages caused by recent wildfires impacting the area.  

"Our natural gas technicians are skilled to perform in any type of conditions, just like they do for our customers at home," said Tony Gardner, Vice President, Louisiana/Mississippi Gas, at CenterPoint Energy. "We are fully committed to helping restore service to affected customers as safely and quickly as possible."

CenterPoint Energy mutual assistance crews are also departing from other parts of Louisiana, Mississippi and Texas, and will arrive in Boulder by Monday. Crews will begin working 16-hour shifts after the safety and onboarding process is complete and will continue to take the necessary steps to protect the safety and well-being of customers, employees, contractors and communities.

The company will also continue to monitor local weather conditions and assess customer needs given the severe weather impacting northern Louisiana.

CenterPoint Energy has been a volunteer member of Southern Gas Association, American Gas Association, Northwest Gas Association and Midwest Energy Association natural gas mutual assistance networks for approximately 10 years, to lend a helping hand during natural gas emergencies. Coming to the aid of other utilities is nothing new to CenterPoint Energy employees. Over the years, CenterPoint Energy crews have supported other utilities across the country many times by assisting in the restoration of natural gas service.

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

 

2022-01-02T06:00:00Z
CenterPoint Energy natural gas crews depart for Colorado to support restoration efforts following wildfires

Houston – Jan. 2, 2022 – This morning, CenterPoint Energy deployed natural gas mutual assistance crews and support personnel from Houston to assist Xcel Energy with natural gas restoration efforts in Boulder, Colorado due to damages caused by recent wildfires impacting the area.  

"Our natural gas technicians are skilled to perform in any type of conditions, just like they do for our customers at home," said Tal Centers, Vice President, Texas Gas, at CenterPoint Energy. "We are fully committed to helping restore service to affected customers as safely and quickly as possible."

CenterPoint Energy mutual assistance crews are also departing from other parts of Texas, Louisiana and Mississippi and will arrive in Boulder by Monday. Crews will begin working 16-hour shifts after the safety and onboarding process is complete and will continue to take the necessary steps to protect the safety and well-being of customers, employees, contractors and communities.

The company will also continue to monitor local weather conditions and assess customer needs given the severe weather impacting Texas.

CenterPoint Energy has been a volunteer member of Southern Gas Association, American Gas Association, Northwest Gas Association and Midwest Energy Association natural gas mutual assistance networks for approximately 10 years, to lend a helping hand during natural gas emergencies. Coming to the aid of other utilities is nothing new to CenterPoint Energy employees. Over the years, CenterPoint Energy crews have supported other utilities across the country many times by assisting in the restoration of natural gas service.

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

 

2022-01-02T06:00:00Z
CenterPoint Energy offers tips for customers to stay safe and warm in cold temperatures

Houston – Jan. 1, 2021 – In the coming days, the Greater Houston area will be experiencing cold temperatures. Safety is CenterPoint Energy's top core value. The company is preparing for the upcoming weather conditions and wants customers to be prepared as well. CenterPoint Energy encourages customers to have an emergency plan, particularly if they depend on electricity for life-sustaining equipment and natural gas or electricity to heat their homes.

The company is offering these tips to ensure safety and adequate heating in the coming days:

Electric:

High winds and ice could cause downed power lines in isolated areas. Always assume downed lines or wires are energized and potentially dangerous if contacted.

  • Do not go near downed lines or fallen wires.
  • Keep your distance from objects touching downed lines (tree limbs, vehicles, fences, etc.).
  • If someone is actively being shocked due to contact with a power line, do not try to rescue them – you can't help if you become a victim. Instead, call 911 immediately.
  • Report downed power lines to 713-207-2222 or 800-332-7143.
  • Never use an electricity generator inside your home or any other building.

Natural gas:

  • Make sure your heating system is working properly. Malfunctioning home heating equipment can cause a fire or carbon monoxide poisoning. Check that outside furnace vents aren't blocked by snow or ice. Keep your furnace filter clean for safe, efficient operation.
  • Use space heaters safely. Use a space heater with an automatic shut-off feature, and keep children, pets and all items at least three feet away. A space heater that uses gas, propane or wood should be vented to the outside. Stoves and ovens should never be used for space heating.
  • Check your carbon monoxide (CO) and smoke alarms. These devices are essential to warn you of a fire or dangerous condition involving a furnace, water heater, fireplace or stove. Test your alarms monthly and change batteries as recommended by the manufacturer.
  • Immediately report a suspected natural gas leak. If you smell the "rotten egg" odor of natural gas, immediately leave on foot, go to a safe location and call both 911 and CenterPoint Energy at 713-659-2111 or 800-752-8036. Don't use electric switches/outlets, phones (including cell phones), drive or start a car inside or in close proximity to the location, or do anything that could cause a spark.

Energy Efficiency

Cold temperatures also mean increased energy usage. CenterPoint Energy recommends the following tips for more efficient heating:

Furnace: A furnace is the largest natural gas consuming appliance.

  • Set your thermostat no higher than 68 degrees. If possible, set it at 65 degrees when you are home and 60 degrees when you are away from home.
  • Lowering your thermostat can help you save on your annual heating costs. Installing a programmable thermostat can help you automatically control your heat usage. Add on extra layers of clothing to keep warm.
  • Change your air filters monthly. A dirty filter restricts airflow and can increase the operating cost of your furnace by as much as 10 percent. A good reminder is to change the filter each time you receive your natural gas bill.

Other appliances: Although they consume less natural gas, you can still maximize their efficiency.

  • Run your washing machine, dish washer and gas dryer only with full loads.

Make your home more airtight and keep cold air outside:

  • Seal leaks around doors, windows, and other openings such as pipes or ducts, with caulk or weather-stripping. The most common places where air escapes in homes are floors, walls, ceilings, ducts, fireplaces, plumbing penetrations, doors, windows, fans, vents and electrical outlets.
  • If it has been a while, consider adding more insulation in your attic.
  • On sunny days, open draperies and blinds to let the sun's warmth in. Close them at night to insulate against the cold air outside.

For the latest information on power outages:

2022-01-01T06:00:00Z
CenterPoint Energy offers tips for customers to stay safe and warm in cold temperatures

Houston – Jan. 1, 2021 – In the coming days, some parts of Texas will be experiencing cold temperatures. Safety is CenterPoint Energy's top core value. The company is preparing for the upcoming weather conditions and wants customers to be prepared as well. CenterPoint Energy encourages customers to have an emergency plan, particularly if they depend on natural gas to heat their homes.

The company is offering these tips to ensure safety and adequate heating in the coming days:

  • Make sure your heating system is working properly. Malfunctioning home heating equipment can cause a fire or carbon monoxide poisoning. Check that outside furnace vents aren't blocked by snow or ice. Keep your furnace filter clean for safe, efficient operation.
  • Use space heaters safely. Use a space heater with an automatic shut-off feature, and keep children, pets and all items at least three feet away. A space heater that uses gas, propane or wood should be vented to the outside. Stoves and ovens should never be used for space heating.
  • Check your carbon monoxide (CO) and smoke alarms. These devices are essential to warn you of a fire or dangerous condition involving a furnace, water heater, fireplace or stove. Test your alarms monthly and change batteries as recommended by the manufacturer.
  • Immediately report a suspected natural gas leak. If you smell the "rotten egg" odor of natural gas, immediately leave on foot, go to a safe location and call both 911 and CenterPoint Energy at 888-876-5786. Don't use electric switches/outlets, phones (including cell phones), drive or start a car inside or in close proximity to the location, or do anything that could cause a spark.

Energy Efficiency

Cold temperatures also mean increased energy usage. CenterPoint Energy recommends the following tips for more efficient heating:

Furnace: A furnace is the largest natural gas consuming appliance.

  • Set your thermostat no higher than 68 degrees. If possible, set it at 65 degrees when you are home and 60 degrees when you are away from home.
  • Lowering your thermostat can help you save on your annual heating costs. Installing a programmable thermostat can help you automatically control your heat usage. Add on extra layers of clothing to keep warm.
  • Change your air filters monthly. A dirty filter restricts airflow and can increase the operating cost of your furnace by as much as 10 percent. A good reminder is to change the filter each time you receive your natural gas bill.

Other appliances: Although they consume less natural gas, you can still maximize their efficiency.

  • Run your washing machine, dish washer and gas dryer only with full loads.

Make your home more airtight and keep cold air outside:

  • Seal leaks around doors, windows, and other openings such as pipes or ducts, with caulk or weather-stripping. The most common places where air escapes in homes are floors, walls, ceilings, ducts, fireplaces, plumbing penetrations, doors, windows, fans, vents and electrical outlets.
  • If it has been a while, consider adding more insulation in your attic.
  • On sunny days, open draperies and blinds to let the sun's warmth in. Close them at night to insulate against the cold air outside.

For natural gas safety tips and other resources, visit CenterPointEnergy.com/WeatherSafety.

 

2022-01-01T06:00:00Z
CenterPoint Energy offers tips for customers to stay safe and warm in cold temperatures

Houston – Jan. 1, 2021 – In the coming days, some parts of Louisiana will be experiencing cold temperatures. Safety is CenterPoint Energy's top core value. The company is preparing for the upcoming weather conditions and wants customers to be prepared as well. CenterPoint Energy encourages customers to have an emergency plan, particularly if they depend on natural gas to heat their homes.

The company is offering these tips to ensure safety and adequate heating in the coming days:

  • Make sure your heating system is working properly. Malfunctioning home heating equipment can cause a fire or carbon monoxide poisoning. Check that outside furnace vents aren't blocked by snow or ice. Keep your furnace filter clean for safe, efficient operation.
  • Use space heaters safely. Use a space heater with an automatic shut-off feature, and keep children, pets and all items at least three feet away. A space heater that uses gas, propane or wood should be vented to the outside. Stoves and ovens should never be used for space heating.
  • Check your carbon monoxide (CO) and smoke alarms. These devices are essential to warn you of a fire or dangerous condition involving a furnace, water heater, fireplace or stove. Test your alarms monthly and change batteries as recommended by the manufacturer.
  • Immediately report a suspected natural gas leak. If you smell the "rotten egg" odor of natural gas, immediately leave on foot, go to a safe location and call both 911 and CenterPoint Energy at 888-876-5786. Don't use electric switches/outlets, phones (including cell phones), drive or start a car inside or in close proximity to the location, or do anything that could cause a spark.

 

Energy Efficiency

Cold temperatures also mean increased energy usage. CenterPoint Energy recommends the following tips for more efficient heating:

Furnace: A furnace is the largest natural gas consuming appliance.

  • Set your thermostat no higher than 68 degrees. If possible, set it at 65 degrees when you are home and 60 degrees when you are away from home.
  • Lowering your thermostat can help you save on your annual heating costs. Installing a programmable thermostat can help you automatically control your heat usage. Add on extra layers of clothing to keep warm.
  • Change your air filters monthly. A dirty filter restricts airflow and can increase the operating cost of your furnace by as much as 10 percent. A good reminder is to change the filter each time you receive your natural gas bill.

Other appliances: Although they consume less natural gas, you can still maximize their efficiency.

  • Run your washing machine, dish washer and gas dryer only with full loads.

Make your home more airtight and keep cold air outside:

  • Seal leaks around doors, windows, and other openings such as pipes or ducts, with caulk or weather-stripping. The most common places where air escapes in homes are floors, walls, ceilings, ducts, fireplaces, plumbing penetrations, doors, windows, fans, vents and electrical outlets.
  • If it has been a while, consider adding more insulation in your attic.
  • On sunny days, open draperies and blinds to let the sun's warmth in. Close them at night to insulate against the cold air outside.

For natural gas safety tips and other resources, visit CenterPointEnergy.com/WeatherSafety.

 

2022-01-01T06:00:00Z
CenterPoint Energy offers tips for customers to stay safe and warm in cold temperatures

Houston – Jan. 1, 2021 – In the coming days, Mississippi will be experiencing cold temperatures. Safety is CenterPoint Energy's top core value. The company is preparing for the upcoming weather conditions and wants customers to be prepared as well. CenterPoint Energy encourages customers to have an emergency plan, particularly if they depend on natural gas to heat their homes.

The company is offering these tips to ensure safety and adequate heating in the coming days:

  • Make sure your heating system is working properly. Malfunctioning home heating equipment can cause a fire or carbon monoxide poisoning. Check that outside furnace vents aren't blocked by snow or ice. Keep your furnace filter clean for safe, efficient operation.
  • Use space heaters safely. Use a space heater with an automatic shut-off feature, and keep children, pets and all items at least three feet away. A space heater that uses gas, propane or wood should be vented to the outside. Stoves and ovens should never be used for space heating.
  • Check your carbon monoxide (CO) and smoke alarms. These devices are essential to warn you of a fire or dangerous condition involving a furnace, water heater, fireplace or stove. Test your alarms monthly and change batteries as recommended by the manufacturer.
  • Immediately report a suspected natural gas leak. If you smell the "rotten egg" odor of natural gas, immediately leave on foot, go to a safe location and call both 911 and CenterPoint Energy at 888-876-5786. Don't use electric switches/outlets, phones (including cell phones), drive or start a car inside or in close proximity to the location, or do anything that could cause a spark.

Energy Efficiency

Cold temperatures also mean increased energy usage. CenterPoint Energy recommends the following tips for more efficient heating:

Furnace: A furnace is the largest natural gas consuming appliance.

  • Set your thermostat no higher than 68 degrees. If possible, set it at 65 degrees when you are home and 60 degrees when you are away from home.
  • Lowering your thermostat can help you save on your annual heating costs. Installing a programmable thermostat can help you automatically control your heat usage. Add on extra layers of clothing to keep warm.
  • Change your air filters monthly. A dirty filter restricts airflow and can increase the operating cost of your furnace by as much as 10 percent. A good reminder is to change the filter each time you receive your natural gas bill.

Other appliances: Although they consume less natural gas, you can still maximize their efficiency.

  • Run your washing machine, dish washer and gas dryer only with full loads.

Make your home more airtight and keep cold air outside:

  • Seal leaks around doors, windows, and other openings such as pipes or ducts, with caulk or weather-stripping. The most common places where air escapes in homes are floors, walls, ceilings, ducts, fireplaces, plumbing penetrations, doors, windows, fans, vents and electrical outlets.
  • If it has been a while, consider adding more insulation in your attic.
  • On sunny days, open draperies and blinds to let the sun's warmth in. Close them at night to insulate against the cold air outside.

For natural gas safety tips and other resources, visit CenterPointEnergy.com/WeatherSafety.

2022-01-01T06:00:00Z
CenterPoint Energy Announces Leadership Promotions and Appointments

Houston – Dec. 13, 2021 In conjunction with the CenterPoint Energy Board of Directors' continued focus on a comprehensive succession planning process to support the company's long-term growth, CenterPoint Energy, Inc. (NYSE: CNP) today announced leadership promotions and appointments that will further strengthen its existing management capabilities.

"I am proud that CenterPoint Energy continues to have a strong team of committed and experienced utility professionals at its helm. These leadership promotions and appointments highlight our focus on succession planning as we execute on our long-term growth strategy," said Martin Nesbitt, Board Chair. "As we embark on this next phase of our journey, we are excited about the future of our company and the strength and depth of our leadership."

President and CEO Dave Lesar said, "As we continue to transform CenterPoint Energy into an industry-leading, premium utility company, consistent performance will require a strong, diverse and talented team that is committed to delivering quality results to our customers, shareholders and communities. These leaders, as well as our entire workforce, are well prepared to take on the opportunities for CenterPoint Energy as we execute our strategy, which includes increasing our five-year capital plan to more than $18 billion and our first-ever 10-year capital plan of more than $40 billion. These capital investments will be dedicated to safety, reliability, growth and enabling clean energy investments to benefit our customers and our investors. I am confident that today's announcement will better position us to achieve our strategic priorities."

The following promotions and appointments to CenterPoint Energy's Executive Committee, which is responsible for the company's strategic direction, planning and execution, are effective on January 1, 2022. These individuals will continue to report to Lesar.

Scott E. Doyle, who currently serves as Executive Vice President, Natural Gas, has been named Executive Vice President, Utility Operations. In addition to leading the company's natural gas operations utility footprint, natural gas supply, natural gas engineering, and operations support, Doyle will now also lead CenterPoint Energy's electric business that serves more than 2.7 million metered customers in the greater Houston area and southwestern Indiana, as well as 1,300 megawatts of electric generation capacity in Indiana.

Lynne Harkel-Rumford, who currently serves as Senior Vice President and Chief Human Resources Officer, has been promoted to Executive Vice President and Chief Human Resources Officer. In addition to her current responsibilities, which include talent, compensation and benefits, labor relations, learning and organizational development, communications and community relations, and corporate security, Harkel-Rumford will now also lead the company's safety and technical training organization.

Monica Karuturi, who currently serves as Senior Vice President and General Counsel, has been promoted to Executive Vice President and General Counsel. In addition to her current responsibilities, which include legal, claims, environmental, insurance, enterprise risk management and ethics, compliance and privacy, Karuturi will now also lead CenterPoint Energy's procurement, materials and logistics organization, which will be instrumental in the company's $40 billion-plus capital program over the next 10 years.

Jason M. Ryan, who currently serves as Senior Vice President, Regulatory Services and Government Affairs, has been promoted to Executive Vice President, Regulatory Services and Government Affairs. Ryan will be responsible for leading state and federal legislative initiatives to support enterprise-wide goals, as well as managing the company's rate cases and relationships with its regulators.

Gregory E. Knight, Executive Vice President, Customer Transformation and Business Services, will continue in his current role and lead customer operations, information technology, marketing, economic development, and CenterPoint Energy's two competitive businesses – Energy Systems Group (ESG) and Home Service Plus (HSP) North and South. In addition, he will also add to his responsibilities the leadership of the company's facilities management organization where he will be developing a new enterprise-wide multi-year facilities strategy and plan.  

Jason P. Wells, Executive Vice President and CFO, will continue in his current role, while adding responsibility for the execution of the company's industry-leading goals for reducing carbon emissions attributable to its operations and customer usage. In this capacity, Wells will now also lead the execution of the company's long-term generation transition plan to significantly change the way the company generates power and delivers on its commitment to provide a cost-effective, well-balanced energy mix for its customers in southwest Indiana.

Kenneth M. Mercado, Executive Vice President, Electric Utility, will retire from CenterPoint Energy after more than 36 years of service. Mercado began his career with the company and has held numerous positions of increasing responsibility until becoming a member of CenterPoint Energy's Executive Committee in 2020. Mercado will remain in his current position through January 1, 2022 and then remain with the company through the second quarter 2022 to support the transition of his responsibilities.

Lesar said, "I want to thank Kenny for his many contributions over the course of his career with CenterPoint Energy and his outstanding leadership within our company, across our industry and in our communities. He has been a valued member of our leadership team and played an instrumental role in guiding the successful performance and growth of our electric business. I wish Kenny the very best in his retirement."

About CenterPoint Energy, Inc.

As the only investor-owned electric and 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 Arkansas, Indiana, Louisiana, Minnesota, Mississippi, Ohio, Oklahoma and Texas. As of September 30, 2021, the company owned approximately $37 billion in assets. With approximately 9,500 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.

Forward-Looking Statements

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 Company's succession planning, rate base growth and the Company's ability to achieve it, the Company's ability to execute on its 10-year plan within a certain timeframe or at all, 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 COVID-19; (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; and (8) other factors, risks and uncertainties discussed in CenterPoint Energy's Annual Report on Form 10-K for the fiscal year ended December 31, 2020, CenterPoint Energy's Quarterly Reports on Form 10-Q for the quarters ended March 31, 2021, June 30, 2021 and September 30, 2021 and other reports CenterPoint Energy or its subsidiaries may file from time to time with the Securities and Exchange Commission.

2021-12-13T06:00:00Z
Natural gas bills expected to increase compared to last winter

Lawton, OK – Nov. 4, 2021 CenterPoint Energy announced today that its Oklahoma customers may see an increase in their natural gas bills when compared to those last winter, assuming normal winter weather, due primarily to natural gas market conditions. The utility serves about 100,000 customers in the state.

Based on expected natural gas commodity costs and normal winter weather, CenterPoint Energy's Oklahoma customers can expect to pay on average $95 per month this winter during the five-month heating season of November through March. By comparison, last year's average bill amount for the five-month period was about $71 per month.

The actual bill impact will vary by customer depending on the size and age of the home, number of gas appliances, number of people in the household, thermostat settings, levels of insulation and other factors.

According to the Winter Fuels Outlook report issued in October by the U.S. Energy Information Administration: "On average across the United States, we expect prices for all fuels to be higher than in recent winters. Rising wholesale commodity prices for natural gas, crude oil, and petroleum products are being passed through to retail prices. Although we attribute price increases over the past year to several factors, the main reason wholesale prices of natural gas, crude oil and petroleum products have risen is that fuel demand has increased from recent lows faster than production."

As a regulated utility, CenterPoint Energy does not mark up, or profit from, the purchase and sale of natural gas in Oklahoma. Only gas costs actually incurred and approved by the Oklahoma Corporation Commission are recovered from customers. Natural gas is a commodity bought and sold in a national deregulated market and prices fluctuate daily due to supply-and-demand pressures. CenterPoint Energy purchases natural gas on behalf of its customers and then passes those costs on to customers through a gas cost adjustment, which is listed on the bill as "Gas Supply Rate."

"We encourage our customers to prepare now for the winter heating season ahead," said Cindy Westcott, CenterPoint Energy Vice President for Arkansas and Oklahoma. "Whether it's payment assistance options or energy efficiency improvements, we're available to help our customers manage their heating costs. It's also important to remember that, even with higher natural gas prices this winter heating season, bills should still remain lower than customers experienced in the late 2000s when natural gas prices were at record levels nationwide."

CenterPoint Energy offers a number of options to help customers manage their natural gas bills.

  • Average Monthly Billing: Under this billing plan, a customer's monthly bill amounts are evened out across the year to ease the impact of winter payment peaks by spreading the costs over a 12-month period. Customers can enroll for free at www.centerpointenergy.com/averagemonthlybilling or by calling 866-275-5265.
  • Payment Assistance: Any customer who thinks they may have trouble paying their natural gas bill should contact CenterPoint Energy right away to set up a payment plan. Customers should not wait until they receive a disconnection/shut-off notice or their natural gas service has been disconnected. Visit www.centerpointenergy.com/paymentassistance or call CenterPoint Energy customer service at 866-275-5265.
  • Low Income Home Energy Assistance Program (LIHEAP): This federally-funded program helps pay heating costs for income-eligible residential customers. Learn more about the program and how to apply at www.okdhslive.org.
  • Energy efficiency programs and rebates: CenterPoint Energy offers a wide range of energy efficiency tips, appliance rebates and energy-saving tools to help customers lower their natural gas bills. Visit www.centerpointenergy.com/saveenergy.

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 expected prices of natural gas and the subsequent impact on customer bills, assumptions regarding winter weather, 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 COVID-19; (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; and (8) other factors, risks and uncertainties discussed in CenterPoint Energy's Annual Report on Form 10-K for the fiscal year ended December 31, 2020, CenterPoint Energy's Quarterly Reports on Form 10-Q for the quarters ended March 31, 2021, June 30, 2021 and September 30, 2021 and other reports CenterPoint Energy or its subsidiaries may file from time to time with the Securities and Exchange Commission.

About CenterPoint Energy

As the only investor-owned electric and 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 Arkansas, Indiana, Louisiana, Minnesota, Mississippi, Ohio, Oklahoma and Texas. As of September 30, 2021, the company owned approximately $37 billion in assets and also owned 53.7 percent of the common units representing limited partner interests in Enable Midstream Partners, LP, a publicly traded master limited partnership that owns, operates and develops strategically located natural gas and crude oil infrastructure assets. With approximately 9,500 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.

2021-11-04T05:00:00Z
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