CenterPoint Energy’s green hydrogen facility is first ever to register and issue certificates on M-RETS Renewable Thermal tracking platform

​MINNEAPOLIS – December 1, 2022 – CenterPoint Energy (NYSE: CNP), Minnesota's largest natural gas utility, has registered its Minneapolis green hydrogen facility on the M-RETS® Renewable Thermal Tracking System to track renewable thermal certificates (RTCs).  CenterPoint Energy's facility, which began operations earlier this year, is the first-ever green hydrogen facility to register with a tracking system in North America and the company is receiving the nation's first RTCs issued for green hydrogen.

RTCs are a tool that represents the environmental attributes associated with renewable natural gas and other renewable thermal commodities, including green hydrogen. CenterPoint Energy plans to retire the RTCs generated from its green hydrogen facility on behalf of its customers.

"We are proud to collaborate with CenterPoint Energy on making green hydrogen RTCs available in the M-RETS Renewable Thermal tracking system," said Ben Gerber, M-RETS President, and CEO. "With new incentives in the Inflation Reduction Act, green hydrogen-producing facilities will grow. This is an important step to establishing the market."

M-RETS manages the RTC platform that validates the environmental attributes of renewable fuels and issues a traceable digital certificate for every dekatherm produced by a renewable thermal generator. RTCs empower buyers to trace and claim renewable fuel consumption from specific facilities across the United States and Canada, allowing them to address the emissions attributable to their natural gas usage.

M-RETS created its Renewable Thermal tracking system in 2020 to increase transparency, spur market development for industries that cannot be electrified, and provide the value and liquidity necessary to support renewable thermal projects. Zero- or low-carbon fuels such as green hydrogen and renewable natural gas offer an alternative to fossil fuels, providing an essential resource for companies to lower their emissions from energy use.

"CenterPoint Energy is committed to evaluating innovative solutions that help reduce emissions to support a cleaner energy future," said Scott Doyle, Executive Vice President, Utility Operations. "With our green hydrogen pilot facility, we are exploring the potential of this zero-carbon energy resource to supplement the conventional natural gas delivered through our local distribution systems to benefit both our customers and the environment."

CenterPoint Energy's green hydrogen system in Minneapolis uses renewable electricity and purified water to produce 60 dekatherms of hydrogen within a 24-hour period. The green hydrogen is added to natural gas in a portion of the utility's local distribution pipeline system, reducing the carbon impact of the gas when burned.

Last year, CenterPoint Energy announced carbon reduction goals to achieve net-zero emissions for certain scope 1 and 2 emissions by 2035 and to reduce its residential and commercial customers' scope 3 emissions by 20-30% by 2035.  The company also expects to use a new state law in Minnesota, the Natural Gas Innovation Act, as an opportunity to evaluate investments in zero- or low-carbon energy resources and technologies.

About M-RETS®

M-RETS® envisions a future powered by clean, sustainable energy practices that prioritize our environment, stimulate our economy, and help our world thrive. As an innovative not-for-profit organization made up of environmental experts, we help generators and suppliers across North America track generated renewable energy outputs and other sustainable resources to place a dollar value on environmental benefits. Through our online platform and trusted quality data, M-RETS is building the transformational digital infrastructure critical for a thriving, decarbonized economy. To learn more, visit MRETS.org.

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 Indiana, Louisiana, Minnesota, Mississippi, Ohio and Texas. As of September 30, 2022, the company owned approximately $35 billion in assets. With approximately 8,900 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 growth of green hydrogen, the benefits to the company of green hydrogen, including from tracking green hydrogen, 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 disruption to the global supply chain; (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, 2021, CenterPoint Energy's Quarterly Reports on Form 10-Q for the quarters ended March 31, 2022, June 30, 2022 and September 30, 2022 and other reports CenterPoint Energy or its subsidiaries may file from time to time with the Securities and Exchange Commission.

Net Zero Disclaimer

While CenterPoint Energy believes that it has a clear path towards achieving its net zero emissions (Scope 1 and Scope 2) by 2035 goals, its analysis and path forward required it to make a number of assumptions. These goals and underlying assumptions involve risks and uncertainties and are not guarantees. Should one or more of its underlying assumptions prove incorrect, its actual results and ability to achieve net zero emissions by 2035 could differ materially from its expectations. Certain of the assumptions that could impact its ability to meet its net zero emissions goals include, but are not limited to: emission levels, service territory size and capacity needs remaining in line with company expectations (inclusive of changes related to the sale of its Natural Gas businesses in Arkansas and Oklahoma); regulatory approval of Indiana Electric's generation transition plan; impacts of future environmental regulations or legislation; impacts of future carbon pricing regulation or legislation, including a future carbon tax; price, availability and regulation of carbon offsets; price of fuel, such as natural gas; cost of energy generation technologies, such as wind and solar, natural gas and storage solutions; adoption of alternative energy by the public, including adoption of electric vehicles; rate of technology innovation with regards to alternative energy resources; our ability to implement our modernization plans for our pipelines and facilities; the ability to complete and implement generation alternatives to Indiana Electric's coal generation and retirement dates of Indiana Electric's coal facilities by 2035; the ability to construct and/or permit new natural gas pipelines; the ability to procure resources needed to build at a reasonable cost, the lack of scarcity of resources and labor, the lack of any project cancellations, construction delays or overruns and the ability to appropriately estimate costs of new generation; impact of any supply chain disruptions; and enhancement of energy efficiencies. In addition, because Texas in an unregulated market, CenterPoint Energy's Scope 2 estimates do not take into account Texas electric transmission and distribution assets in the line loss calculation and exclude emissions related to purchased power between 2024E-2026.  CenterPoint Energy's Scope 3 estimates are based on the total natural gas supply delivered to residential and commercial customers as reported in the U.S. Energy Information Administration (EIA) For EIA-176 reports and do not take into account the emissions and transport customers and emissions related to upstream extraction.  Please also review the section entitled "Forward Looking Statement" in this news release. 


2022-12-01T06:00:00Z
As temperatures drop, CenterPoint Energy offers tips to save energy and stay safe while keeping warm

Evansville –Nov. 17, 2022 – As temperatures drop below freezing this week, CenterPoint Energy is reminding its customers about simple energy-saving and safety steps they can take to help lower their heating bills while continuing to stay safe and warm in the cold weather.

Energy-Saving Tips

  • Make sure your heating system is operating safely and efficiently. An annual inspection and tune-up is recommended, and make sure it is performed by a qualified technician.
  • Change or clean your furnace filter regularly. Good air flow is essential for maximizing the efficiency and life of your furnace.
  • Turn down the thermostat. Lower it by 10 degrees at night or when you're away for at least eight hours. You can potentially save 10% on your space heating costs. With a programmable thermostat, it's easy to have your heating system work around your schedule.  
  • Make your home more airtight to keep warm air in and cold air out. Use caulk or weather-stripping to seal leaks around doors, windows and other openings such as pipes or ducts. Close fireplace dampers when not in use so you don't lose heat.
  • Keep curtains and blinds open during the day to allow the sun's heat to warm your house. Close curtains and blinds at night so you don't lose heat when the sun goes down.

 
Safety Tips

  • Use space heaters safely. Use a space heater with an automatic shut-off, 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.
  • Test your carbon monoxide (CO) and smoke alarms to make sure they work properly. Change batteries regularly. Alarms don't last forever, so replace according to the manufacturer's instructions. 
  • Know the signs of CO poisoning. Early symptoms such as headache and fatigue are similar to the flu, but without a fever. Continued CO exposure can lead to more severe headaches, dizziness, nausea, difficulty thinking clearly and fainting. If everyone in a household is experiencing symptoms, it may be CO poisoning. Get fresh air immediately and call 911.
  • 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 800-227-1376. Don't use electric switches/outlets, phones (including cell phones), drive or start a car inside or close to the location, or do anything that could cause a spark.

 
Customers who believe they may have trouble paying their heating bills this winter should contact CenterPoint Energy to set up a payment arrangement and find out if they are eligible for energy assistance that can help pay their bills. To learn more, visit CenterPointEnergy.com/EnergyforIndiana.

###

2022-11-17T20:00:00Z
As temperatures drop, CenterPoint Energy offers tips to save energy and stay safe while keeping warm

Dayton – Nov. 17, 2022 – As temperatures drop below freezing this week, CenterPoint Energy is reminding its customers about simple energy-saving and safety steps they can take to help lower their heating bills while continuing to stay safe and warm in the cold weather.

Energy-Saving Tips

  • Make sure your heating system is operating safely and efficiently. An annual inspection and tune-up is recommended, and make sure it is performed by a qualified technician.
  • Change or clean your furnace filter regularly. Good air flow is essential for maximizing the efficiency and life of your furnace.
  • Turn down the thermostat. Lower it by 10 degrees at night or when you're away for at least eight hours. You can potentially save 10% on your space heating costs. With a programmable thermostat, it's easy to have your heating system work around your schedule.  
  • Make your home more airtight to keep warm air in and cold air out. Use caulk or weather-stripping to seal leaks around doors, windows and other openings such as pipes or ducts. Close fireplace dampers when not in use so you don't lose heat.
  • Keep curtains and blinds open during the day to allow the sun's heat to warm your house. Close curtains and blinds at night so you don't lose heat when the sun goes down.

 
Safety Tips

  • Use space heaters safely. Use a space heater with an automatic shut-off, 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.
  • Test your carbon monoxide (CO) and smoke alarms to make sure they work properly. Change batteries regularly. Alarms don't last forever, so replace according to the manufacturer's instructions. 
  • Know the signs of CO poisoning. Early symptoms such as headache and fatigue are similar to the flu, but without a fever. Continued CO exposure can lead to more severe headaches, dizziness, nausea, difficulty thinking clearly and fainting. If everyone in a household is experiencing symptoms, it may be CO poisoning. Get fresh air immediately and call 911.
  • 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 800-227-1376. Don't use electric switches/outlets, phones (including cell phones), drive or start a car inside or close to the location, or do anything that could cause a spark.

 
Customers who believe they may have trouble paying their heating bills this winter should contact CenterPoint Energy to set up a payment arrangement and find out if they are eligible for energy assistance that can help pay their bills. To learn more, visit CenterPointEnergy.com/NaturalGasCost.

2022-11-17T20:00:00Z
CenterPoint Energy offering bill assistance and energy-saving resources as energy market prices remain on the rise

Louisiana – Nov. 9, 2022 – CenterPoint Energy is encouraging customers to take action now to help manage natural gas bills for the upcoming heating season. The company's Louisiana natural gas territory today announced customers will see an incremental increase in their natural gas bills when compared to those of last winter, assuming normal winter weather, due primarily to natural gas market conditions. Customers can take advantage of CenterPoint Energy's array of payment assistance options as well as energy-saving tips to help mitigate the impact to bills.

  • Increase in natural gas bills primarily driven by continued natural gas price surge
  • Customers encouraged to prepare now for managing their energy bills
  • Company encourages customers to utilize assistance programs, various payment options and energy-saving tips

"We recognize that our customers have concerns about their heating bills this winter, mainly due to the higher market prices of natural gas," said Tony Gardner, Vice President, Louisiana and Mississippi Gas. "While the cost of natural gas makes up the largest portion of a customer's monthly heating bill, the price we pay in the market for natural gas is the same price we charge our customers – with no markup."

Heating with natural gas remains significantly more cost-effective than the alternatives of electricity, propane or heating oil. Bills will vary by customer depending on the size and age of the home, number of gas appliances, number in the household, thermostat settings and levels of insulation.

CenterPoint Energy also encourages customers to utilize the following resources should they need bill assistance or energy savings tips.

  • Federal Utility Assistance Dollars: Those needing bill assistance should determine if they qualify for federal utility assistance dollars through the Low Income Home Energy Assistance Program (LIHEAP). In Louisiana, LIHEAP funds are administered through the  Louisiana Housing Corporation's Energy Assistance Department. Assistance is administered through subrecipients across the state. Visit https://www.lhc.la.gov/energy-assistance.
  • Due Date Extension and Payment Arrangement: These are two free offerings which are available to customers in need of a special payment plan on a temporary basis in order to keep service connected and manage energy costs.
  • Average Monthly Bill: Under this billing plan, a customer's estimated costs for a year of gas service are spread in equal monthly bill amounts for the year. This leveling of monthly bill amounts reduces the need to pay the full amount in the winter and spreads some of those higher bill charges into the non-heating months. Amounts are adjusted each summer for actual costs, and the customer's credit or amount due rolls into the next Budget Bill payment for the next 12-month period. Customers can enroll for free on www.centerpointenergy.com or by calling 1-800-227-1376.

 
"We recognize the financial hardships our customers may be facing this heating season, and we want to encourage them to contact us for options to assist in managing costs prior to their first high bill of the heating season," said Gardner. "We are committed to helping our customers manage their bills to ease the impact of higher energy costs."

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 Indiana, Louisiana, Minnesota, Mississippi, Ohio and Texas. As of June 30, 2022, the company owned approximately $35 billion in assets. With approximately 8,900 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.


2022-11-09T06:00:00Z
CenterPoint Energy offering bill assistance and energy-saving resources as energy market prices remain on the rise

Mississippi – Nov. 9, 2022 – CenterPoint Energy is encouraging customers to take action now to help manage natural gas bills for the upcoming heating season. The company's Mississippi natural gas territory today announced customers will see an incremental increase in their natural gas bills when compared to those of last winter, assuming normal winter weather, due primarily to natural gas market conditions. Customers can take advantage of CenterPoint Energy's array of payment assistance options as well as energy-saving tips to help mitigate the impact to bills.

  • Increase in natural gas bills primarily driven by continued natural gas price surge
  • Customers encouraged to prepare now for managing their energy bills
  • Company encourages customers to utilize assistance programs, various payment options, rebate programs and energy-saving tips

The average CenterPoint Energy customer bill in Mississippi is expected to be roughly $70, based on annual usage for natural gas service. This represents about a $20 increase over last year's average bill where the increase is primarily due to the rise in cost of natural gas.

"We recognize that our customers have concerns about their heating bills this winter, mainly due to the higher market prices of natural gas," said Tony Gardner, Vice President, Louisiana and Mississippi Gas. "While the cost of natural gas makes up the largest portion of a customer's monthly heating bill, the price we pay in the market for natural gas is the same price we charge our customers – with no markup."

The Energy Information Administration continues to recognize natural gas as the most affordable heating source, according to a report recently issued. Heating with natural gas remains significantly more cost-effective than the alternatives of electricity, propane or heating oil. Bills will vary by customer depending on the size and age of the home, number of gas appliances, number in the household, thermostat settings and levels of insulation.

CenterPoint Energy also encourages customers to utilize the following resources should they need bill assistance or energy savings tips.

  • Federal Utility Assistance Dollars: Those needing bill assistance should determine if they qualify for federal utility assistance dollars through the Low Income Home Energy Assistance Program (LIHEAP). In Mississippi, LIHEAP funds are administered through the Mississippi Department of Human Services' Division of Community Services. Assistance is administered through subrecipients across the state. Visit https://www.mdhs.ms.gov/community-services/liheap/.
  • Due Date Extension and Payment Arrangement: These are two free offerings which are available to customers in need of a special payment plan on a temporary basis in order to keep service connected and manage energy costs.
  • Budget Bill: Under this billing plan, a customer's estimated costs for a year of gas service are spread in equal monthly bill amounts for the year. This leveling of monthly bill amounts reduces the need to pay the full amount in the winter and spreads some of those higher bill charges into the non-heating months. Amounts are adjusted each summer for actual costs, and the customer's credit or amount due rolls into the next Budget Bill payment for the next 12-month period. Customers can enroll for free on www.centerpointenergy.com or by calling 1-800-227-1376.

 
"We recognize the financial hardships our customers may be facing this heating season, and we want to encourage them to contact us for options to assist in managing costs prior to their first high bill of the heating season," said Tony Gardner. "We are committed to helping our customers manage their bills to ease the impact of higher energy costs."

CenterPoint Energy's natural gas service territory delivers natural gas to approximately 4.2 million homes and businesses in six states: Indiana, Louisiana, Minnesota, Mississippi, Ohio, and Texas.

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 Indiana, Louisiana, Minnesota, Mississippi, Ohio and Texas. As of June 30, 2022, the company owned approximately $35 billion in assets. With approximately 8,900 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.

 

2022-11-09T06:00:00Z
CenterPoint Energy offering bill assistance and energy-saving resources as energy market prices remain on the rise

Houston – Nov. 9, 2022 – CenterPoint Energy is encouraging customers to take action now to help manage natural gas bills for the upcoming heating season. The company's Texas natural gas territory today announced customers will see an incremental increase in their natural gas bills when compared to those of last winter, assuming normal winter weather, due primarily to natural gas market conditions. Customers can take advantage of CenterPoint Energy's array of payment assistance options as well as energy-saving tips to help mitigate the impact to bills.

  • Increase in natural gas bills primarily driven by continued natural gas price surge
  • Customers encouraged to prepare now for managing their energy bills
  • Company encourages customers to utilize assistance programs, various payment options and energy-saving tips 

"We recognize that our customers have concerns about their heating bills this winter, mainly due to the higher market prices of natural gas," said Tal Centers, Vice President, Texas Gas. "While the cost of natural gas makes up the largest portion of a customer's monthly heating bill, the price we pay in the market for natural gas is the same price we charge our customers – with no markup."

Heating with natural gas remains significantly more cost-effective than the alternatives of electricity, propane or heating oil. Bills will vary by customer depending on the size and age of the home, number of gas appliances, number in the household, thermostat settings and levels of insulation.

CenterPoint Energy also encourages customers to utilize the following resources should they need bill assistance or energy savings tips.

  • Federal Utility Assistance Dollars: Those needing bill assistance should determine if they qualify for federal utility assistance dollars through the Low Income Home Energy Assistance Program (LIHEAP). In Texas, LIHEAP funds are administered through the Texas Department of Housing and Community Affairs' Comprehensive Energy Assistance Program (CAEP). The CEAP is administered through subrecipients, which collectively cover all counties across the state.
    Visit https://www.tdhca.state.tx.us/community-affairs/ceap/.
  • Due Date Extension and Payment Arrangement: These are two free offerings which are available to customers in need of a special payment plan on a temporary basis in order to keep service connected and manage energy costs.
  • Average Monthly Bill: Under this billing plan, a customer's estimated costs for a year of gas service are spread in equal monthly bill amounts for the year. This leveling of monthly bill amounts reduces the need to pay the full amount in the winter and spreads some of those higher bill charges into the non-heating months. Amounts are adjusted each summer for actual costs, and the customer's credit or amount due rolls into the next Budget Bill payment for the next 12-month period. Customers can enroll for free on www.centerpointenergy.com or by calling 1-800-227-1376.

 
"We recognize the financial hardships our customers may be facing this heating season, and we want to encourage them to contact us for options to assist in managing costs prior to their first high bill of the heating season," said Centers. "We are committed to helping our customers manage their bills to ease the impact of higher energy costs."


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 Indiana, Louisiana, Minnesota, Mississippi, Ohio and Texas. As of June 30, 2022, the company owned approximately $35 billion in assets. With approximately 8,900 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.


2022-11-09T06:00:00Z
CenterPoint Energy statement on 1010 N. Weinbach Avenue investigation

Evansville – Nov. 2, 2022 - Our thoughts and prayers continue to be with all those affected by the Aug. 10 incident at 1010 N. Weinbach Avenue. We also want to express our appreciation to the Indiana State Fire Marshal, Evansville Fire Department, Evansville Police Department and all personnel who assisted with the investigation.

Following the incident, CenterPoint Energy conducted various tests on its system and outside the surrounding area in the 1000 block of North Weinbach Avenue, indicating no issues. CenterPoint Energy shared its data and fully cooperated with the Indiana State Fire Marshal and additional agencies in its investigation. The State Fire Marshal's report released today further supports the company's findings, determining that an accident inside the house, independent of CenterPoint Energy's system, was the cause of the incident. 

CenterPoint Energy is committed to protecting our employees, contractors, systems, customers and the public. Our goal is to deliver electricity and natural gas safely to the communities we serve. 


2022-11-02T05:00:00Z
CenterPoint Energy reports strong Q3 2022 results and updates long-term capital plan

Houston – November 1, 2022 - CenterPoint Energy, Inc. (NYSE: CNP) or "CenterPoint" today reported income available to common shareholders of $189 million, or $0.30 per diluted share on a GAAP basis, for the third quarter of 2022 compared to $0.33 of diluted earnings per share, which included $0.08 of midstream earnings for the third quarter of 2021 and $0.04 of one-time items.

  • Reported Q3 2022 earnings of $0.30 and $0.32 per diluted share on a GAAP and non-GAAP basis, respectively
  • Reiterated full-year 2022 non-GAAP EPS guidance of $1.37-$1.39, representing an increase of 9% at the midpoint compared to full year 2021
  • Initiated 2023 non-GAAP guidance range of $1.48-$1.50, which represents an 8% growth over 2022 and further maintains growth targets of 8% for 2024 and the mid-to-high end of 6%-8% thereafter
  • Increased long-term capital plan through 2030 by $2.3B to nearly $43B for further resiliency and grid modernization to benefit our customers; confirmed this plan will not require issuance of new equity
  • Identified an additional ~$3B of capital opportunities; future guidance targets do not include earnings impact of the total $5.3B increased capital opportunities

On a non-GAAP basis, EPS for the third quarter was $0.32, a 28% increase over the third quarter 2021 non-GAAP utility EPS; or a 10% increase when adjusted to remove one-time items from 2021. The positive variance was primarily driven by increased regulatory recovery of capital and favorable weather in the Houston Electric service territory benefitting the quarter.  These drivers represented a favorable increase of approximately $0.07 per share over the third quarter of 2021.  In addition, ongoing cost management contributed an additional benefit of $0.02 per share over the comparable quarter of 2021.  These drivers were partially offset by other unfavorable variances of $0.01 per share for the quarter, including higher interest expense and recording the remaining portion of the partial disallowance of extraordinary gas costs in Minnesota.    

"We are certainly excited to deliver our 10th consecutive quarter of meeting or exceeding expectations as a management team. We remain on track to deliver on our full-year $1.37-$1.39 of non-GAAP EPS for 2022, a 9% growth for the year. And we remain on track to deliver an industry-leading 8% non-GAAP EPS growth each year through 2024 followed by the mid-to-high end of 6-8% each year thereafter through 2030," said Dave Lesar, President and Chief Executive Officer of CenterPoint.  

"We are equally excited to provide an updated capital plan that increases our previous $40B-plus customer-driven capital plan by $2.3B to nearly $43B through 2030.  This incremental capital will be dedicated to further distribution system resiliency, reliability and grid modernization, as well as transmission upgrades in our Houston Electric area that should benefit our customers.  Another $3B of capital opportunities have been developed, which would be additive to our capital plans through 2030 as we look to add it efficiently and prudently in over time," continued Lesar.

Lesar added, "Although we have not modified our earnings targets for this incremental capital update, we expect this additional capital investment will provide future earnings power for the company.  Our focus continues to be on delivering industry leading growth each and every year, while over-delivering for our customers, investors, and other stakeholders." 

Earnings Outlook

Given the merger between Enable and Energy Transfer and CenterPoint's divestiture of its remaining midstream investments during 2022, CenterPoint will be presenting a consolidated non-GAAP EPS guidance range for 2022, which is the comparable measure to non-GAAP Utility EPS reported in 2021.

In addition to presenting its financial results in accordance with GAAP, including presentation of income (loss) available to common shareholders and diluted earnings (loss) per share, CenterPoint provides guidance based on non-GAAP income and non-GAAP diluted earnings per share. 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.

Management evaluates CenterPoint's financial performance in part based on non-GAAP income and non-GAAP earnings per share. Management believes that presenting these non-GAAP financial measures enhances an investor's understanding of CenterPoint'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 do not most accurately reflect the company's fundamental business performance. These excluded items are reflected in the reconciliation tables of this news release, where applicable. CenterPoint's non-GAAP income and non-GAAP diluted earnings per share measures should be considered as a supplement to, and not as a substitute for, or superior to, income available to common shareholders 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.

2021 non-GAAP Utility EPS

"Utility EPS" (a non-GAAP financial measure) included net income from the company's Electric and Natural Gas segments, as well as after-tax Corporate and Other operating income and an allocation of corporate overhead based upon Electric's and Natural Gas's relative earnings contribution. Corporate overhead consisted primarily of interest expense, preferred stock dividend requirements, and other items directly attributable to the parent, along with the associated income taxes.

  • 2021 Utility EPS excluded:
    • Earnings or losses from the change in value of the CenterPoint 2.0% Zero-Premium Exchangeable Subordinated Notes due 2029 ("ZENS") and related securities;
    • Earnings and losses associated with the ownership and disposal of midstream common and preferred units (including amounts reported in discontinued operations), net gain associated with the consummation of the merger between Enable Midstream Partners, LP and Energy Transfer LP, a corresponding amount of debt related to midstream common and preferred units, and an allocation of associated corporate overhead;
    • Cost associated with the early extinguishment of debt;
    • Impacts associated with Arkansas and Oklahoma gas LDC sales; and
    • Certain impacts associated with other mergers and divestitures.

2022 non-GAAP EPS guidance range

Beginning in 2022, CenterPoint no longer separates utility and midstream operations and will report on a consolidated non-GAAP EPS basis.

  • 2022 non-GAAP EPS guidance excludes:
    • Earnings or losses from the change in value of ZENS and related securities;
    • Gain and impact, including related expenses, associated with mergers and divestitures, primarily the Arkansas and Oklahoma gas LDC sales; and
    • Income and expense related to ownership and disposal of Energy Transfer common and Series G preferred units, and a corresponding amount of debt related to the units.

In providing 2022 non-GAAP EPS guidance, CenterPoint does not consider the items noted above and other potential impacts such as changes in accounting standards, impairments, or other unusual items, which could have a material impact on GAAP reported results for the applicable guidance period. The 2022 non-GAAP EPS guidance range also considers assumptions for certain significant variables that may impact earnings, such as customer growth and usage including normal weather, throughput, recovery of capital invested, effective tax rates, financing activities and related interest rates, and regulatory and judicial proceedings. To the extent actual results deviate from these assumptions, the 2022 non-GAAP EPS guidance range may not be met, or the projected annual non-GAAP EPS growth rate may change. CenterPoint is unable to present a quantitative reconciliation of forward-looking non-GAAP diluted earnings per share because changes in the value of ZENS and related securities, future impairments, and other unusual items are not estimable and are difficult to predict due to various factors outside of management's control.

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 quarter ended September 30, 2022. A copy of that report is available on the company's website, under the Investors section. Investors and others should note that we may announce material information using SEC filings, press releases, public conference calls, webcasts, and the Investor Relations page of our website.  In the future, we will continue to use these channels to distribute material information about the company and to communicate important information about the company, key personnel, corporate initiatives, regulatory updates, and other matters.  Information that we post on our website could be deemed material; therefore, we encourage investors, the media, our customers, business partners and others interested in our company to review the information we post on our website.

Webcast of Earnings Conference Call

CenterPoint's management will host an earnings conference call on November 1, 2022, at 7:00 a.m. Central time / 8:00 a.m. Eastern time. Interested parties may listen to a live audio broadcast of the conference call on the company's website under the Investors section. A replay of the call can be accessed approximately two hours after the completion of the call and will be archived on the website for at least one year.

About CenterPoint Energy, Inc.

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 Indiana, Louisiana, Minnesota, Mississippi, Ohio and Texas. As of September 30, 2022, the company owned approximately $35 billion in assets. With approximately 8,900 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, and the earnings conference call will include 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. Examples of forward-looking statements in this news release or on the earnings conference call include statements regarding capital investments (including with respect to incremental capital opportunities, deployment of capital, renewables projects, mobile generation spend and Resilient Now), the impacts of the February 2021 winter storm event on our business and service territories, the recovery and timing of recovery of associated gas costs and related litigation, future earnings and guidance, including long-term growth rate, customer charges, operations and maintenance expense reductions, financing plans (including the timing of any future equity issuances, securitization, credit metrics and parent level debt), the impact of disruptions to the global supply chain on our business, including our generation transition plan and our capital plan, ZENS and impacts of the maturity of ZENS, tax planning opportunities (such as any potential use of the repairs expense deduction), future financial performance and results of operations, including with respect to regulatory actions and recoverability of capital investments, customer rate affordability, value creation, opportunities and expectations, ESG strategy, including transition to Net Zero, and any other statements that are not historical facts are forward-looking statements. Each forward-looking statement contained in this news release or discussed on the earnings conference call speaks only as of the date of this release or the earnings conference call.

Important factors that could cause actual results to differ materially from those indicated by the provided forward-looking information include, but are not limited to, risks and uncertainties relating to: (1) CenterPoint's business strategies and strategic initiatives, restructurings, joint ventures and acquisitions or dispositions of assets or businesses, including the completed sale of our Natural Gas businesses in Arkansas and Oklahoma, the exit from midstream and the internal restructuring of certain subsidiaries, which we cannot assure you will have the anticipated benefits to us; (2) industrial, commercial and residential growth in CenterPoint's service territories and changes in market demand; (3) CenterPoint's ability to fund and invest planned capital, and the timely recovery of its investments; (4) financial market and general economic conditions, including access to debt and equity capital and inflation, and their effect on sales, prices and costs; (5) continued disruptions to the global supply chain and increases in commodity prices; (6) actions by credit rating agencies, including any potential downgrades to credit ratings; (7) the timing and impact of regulatory proceedings and actions and legal proceedings, including those related to Houston Electric's mobile generation and the February 2021 winter storm event; (8) legislative decisions, including tax and developments related to the environment such as global climate change, air emissions, carbon, waste water discharges and the handling of coal combustion residuals, among others, and CenterPoint's Net Zero and carbon emissions reduction goals; (9) the impact of pandemics, including the COVID-19 pandemic; (10) the recording of impairment charges; (11) weather variations and CenterPoint's ability to mitigate weather impacts, including impacts from the February 2021 winter storm event; (12) changes in business plans; (13) CenterPoint's ability to execute on its initiatives, targets and goals, including its Net Zero and carbon emissions reduction goals and operations and maintenance goals; and (14) other factors discussed CenterPoint's Annual Report on Form 10-K for the fiscal year ended December 31, 2021 and CenterPoint's Quarterly Reports on Form 10-Q for the quarters ended March 31, 2022, June 30, 2022, and September 30, 2022 including in the "Risk Factors" and "Cautionary Statement Regarding Forward-Looking Information" sections of such reports, and other reports CenterPoint or its subsidiaries may file from time to time with the Securities and Exchange Commission.


 

 


2022-11-01T05:00:00Z
CenterPoint Energy offering bill assistance and energy-saving resources as energy market prices remain on the rise

Evansville – Oct. 12, 2022 – CenterPoint Energy is encouraging customers to take action now to help manage natural gas bills for the upcoming heating season. The company's Indiana South natural gas territory today announced customers will likely see an incremental increase in their natural gas bills when compared to those of last winter, assuming normal winter weather, due primarily to natural gas market conditions. The volatility of natural gas prices continues to impact utilities across the state and country, but customers can take advantage of CenterPoint Energy's array of payment assistance options as well as energy-saving tips and energy efficiency programs to help mitigate the impact to bills.

  • Expected increase in natural gas bills primarily driven by continued natural gas price surge
  • Customers encouraged to prepare now for managing their energy bills
  • Company encourages customers to utilize assistance programs, various payment options, energy-saving tips and energy efficiency programs

This year based upon expected natural gas commodity costs and normal winter weather, customers can expect to pay on average $150 a month, over the 5-month heating season of November through March. By comparison, last year's average bill amount for the 5-month period was around $145 a month.

"With the increase in natural gas prices, assuming our region experiences normal weather this heating season, customers should expect an incremental increase in their bills," said Ashley Babcock, Vice President, Indiana and Ohio Gas. "While energy market prices have continued to rise over the last year, offsets such as the completion of the recovery of charges associated with Winter Storm Uri will likely help customers not experience the significant increase of last winter season."

CenterPoint Energy utilities are not allowed to markup, nor profit, from the purchase and sale of natural gas. Natural gas is a commodity bought and sold in a national deregulated market and prices fluctuate daily due to supply and demand pressures.

Only gas costs actually incurred and approved by the Indiana Utility Regulatory Commission are recovered from customers. CenterPoint Energy purchases natural gas on behalf of its customers and then passes those costs on to customers through the gas cost adjustment, which is listed on the bill as "Gas Cost Charge."

Natural gas continues to be the most affordable heating source. In fact, CenterPoint Energy gas customers who heated their homes with natural gas last year saved up to $785 compared to those who heat with propane.

It is important to remember bills will vary by customer depending on the size and age of the home, number of gas appliances, number in the household, thermostat settings and levels of insulation. Customers are encouraged to still implement energy efficiency measures and find ways to use less natural gas to lower bills even further.

CenterPoint Energy has in place several tools to help customers manage their energy bills.

  • Energy Assistance Program (EAP):  State and federal utility assistance dollars are available for income-eligible customers. Those that fall within 60 percent of state median income should visit their local community action agency to sign up for the EAP. To apply for the EAP, customers should call 1-800-872-0371 to locate their nearest community action agency. Customers may also apply any time at the Indiana Housing and Community Development Authority website at www.EAP.ihcda.in.gov.
  • Universal Service Program (USP): All eligible natural gas heating customers who apply and qualify for EAP will automatically be enrolled in the USP, which provides additional gas bill reductions that range from 15 to 32 percent of the total bill received (not including EAP benefits) in the months of December through May. The USP, which has been in place since 2005 is the result of a collaborative effort by CenterPoint Energy, Citizens Energy Group, the Indiana Office of Utility Consumer Counselor, Citizens Action Coalition and a group representing industrial customers.
  • Due Date Extension and Payment Arrangement: These are two free offerings which are available to customers in need of a special payment plan on a temporary basis in order to keep service connected and manage energy costs.
  • Energy efficiency resources: CenterPoint Energy offers energy efficiency tips, appliance rebates and energy-saving tools to help customers lower their natural gas bills. All Indiana residential and small commercial natural gas customers are eligible. Visit www.centerpointenergy.com/smartsavings or call 1-866-240-8476 for a list of rebates, qualifying appliances and energy efficiency tips.
  • Budget Bill: Under this billing plan, a customer's estimated costs for a year of gas service are spread in equal monthly bill amounts for the year. This leveling of monthly bill amounts reduces the need to pay the full amount in the winter and spreads some of those higher bill charges into the non-heating months. Amounts are adjusted each summer for actual costs, and the customer's credit or amount due rolls into the next Budget Bill payment for the next 12-month period. Customers can enroll for free on www.centerpointenergy.com or by calling 1-800-227-1376.

 
Additionally, in an effort to provide all customers with access to the tools and services needed to manage bills, CenterPoint Energy will be participating in the City of Evansville's recently scheduled Access to Service Fairs, which will be hosted throughout the upcoming winter heating season. Company representatives will be onsite to speak with customers and provide resources.

"We recognize the financial hardships our customers may be facing this heating season, and we want to encourage them to contact us for options to assist in managing costs prior to their first high bill of the heating season," said Babcock. "Additionally, customers needing further financial assistance can apply for programs available through our local community action agencies and local non-profits."

Programs and services are operated under the brand CenterPoint Energy by Southern Indiana Gas and Electric Company d/b/a CenterPoint Energy Indiana South. 

CenterPoint Energy's Indiana South territory delivers natural gas to approximately 115,000 customers in Daviess, Gibson, Knox, Martin, Pike, Posey, Spencer, Vanderburgh and Warrick counties.
 
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 disruption to the global supply chain; (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, 2021, CenterPoint Energy's Quarterly Reports on Form 10-Q for the quarters ended March 31, 2022 and June 30, 2022 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 Indiana, Louisiana, Minnesota, Mississippi, Ohio and Texas. As of June 30, 2022, the company owned approximately $35 billion in assets. With approximately 8,900 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.


2022-10-12T05:00:00Z
CenterPoint Energy offering bill assistance and energy-saving resources as energy market prices remain on the rise

Indianapolis – Oct. 12, 2022 – CenterPoint Energy is encouraging customers to take action now to help manage natural gas bills for the upcoming heating season. The company's Indiana North natural gas territory today announced customers will likely see an incremental increase in their natural gas bills when compared to those of last winter, assuming normal winter weather, due primarily to natural gas market conditions. The volatility of natural gas prices continues to impact utilities across the state and country, but customers can take advantage of CenterPoint Energy's array of payment assistance options as well as energy-saving tips and energy efficiency programs to help mitigate the impact to bills.

  • Expected increase in natural gas bills primarily driven by continued natural gas price surge
  • Customers encouraged to prepare now for managing their energy bills
  • Company encourages customers to utilize assistance programs, various payment options, energy-saving tips and energy efficiency programs

This year based upon expected natural gas commodity costs and normal winter weather, customers can expect to pay on average $135 a month, over the 5-month heating season of November through March. By comparison, last year's average bill amount for the 5-month period was around $130 a month.

"With the increase in natural gas prices, assuming our region experiences normal weather this heating season, customers should expect an incremental increase in their bills," said Ashley Babcock, Vice President, Indiana and Ohio Gas. "While energy market prices have continued to rise over the last year, offsets such as the completion of the recovery of charges associated with Winter Storm Uri will likely help customers not experience the significant increase of last winter season."

CenterPoint Energy utilities are not allowed to markup, nor profit, from the purchase and sale of natural gas. Natural gas is a commodity bought and sold in a national deregulated market and prices fluctuate daily due to supply and demand pressures.

Only gas costs actually incurred and approved by the Indiana Utility Regulatory Commission are recovered from customers. CenterPoint Energy purchases natural gas on behalf of its customers and then passes those costs on to customers through the gas cost adjustment, which is listed on the bill as "Gas Cost Charge."

Natural gas continues to be the most affordable heating source. In fact, CenterPoint Energy gas customers who heated their homes with natural gas last year saved up to $1,152 compared to those who heat with propane and up to $307 to $1,244 compared to those who heat with an electric heat pump or electric furnace, respectively.

It is important to remember bills will vary by customer depending on the size and age of the home, number of gas appliances, number in the household, thermostat settings and levels of insulation. Customers are encouraged to still implement energy efficiency measures and find ways to use less natural gas to lower bills even further.

CenterPoint Energy has in place several tools to help customers manage their energy bills.

  • Energy Assistance Program (EAP):  State and federal utility assistance dollars are available for income-eligible customers. Those that fall within 60 percent of state median income should visit their local community action agency to sign up for the EAP. To apply for the EAP, customers should call 1-800-872-0371 to locate their nearest community action agency. Customers may also apply any time at the Indiana Housing and Community Development Authority website at www.EAP.ihcda.in.gov.
  • Universal Service Program (USP): All eligible natural gas heating customers who apply and qualify for EAP will automatically be enrolled in the USP, which provides additional gas bill reductions that range from 15 to 32 percent of the total bill received (not including EAP benefits) in the months of December through May. The USP, which has been in place since 2005 is the result of a collaborative effort by CenterPoint Energy, Citizens Energy Group, the Indiana Office of Utility Consumer Counselor, Citizens Action Coalition and a group representing industrial customers.
  • Due Date Extension and Payment Arrangement: These are two free offerings which are available to customers in need of a special payment plan on a temporary basis in order to keep service connected and manage energy costs.
  • Energy efficiency resources: CenterPoint Energy offers energy efficiency tips, appliance rebates and energy-saving tools to help customers lower their natural gas bills. All Indiana residential and small commercial natural gas customers are eligible. Visit www.centerpointenergy.com/smartsavings or call 1-866-240-8476 for a list of rebates, qualifying appliances and energy efficiency tips.
  • Budget Bill: Under this billing plan, a customer's estimated costs for a year of gas service are spread in equal monthly bill amounts for the year. This leveling of monthly bill amounts reduces the need to pay the full amount in the winter and spreads some of those higher bill charges into the non-heating months. Amounts are adjusted each summer for actual costs, and the customer's credit or amount due rolls into the next Budget Bill payment for the next 12-month period. Customers can enroll for free on www.centerpointenergy.com or by calling 1-800-227-1376.

 
"We recognize the financial hardships our customers may be facing this heating season, and we want to encourage them to contact us for options to assist in managing costs prior to their first high bill of the heating season," said Babcock. "Additionally, customers needing further financial assistance can apply for programs available through our local community action agencies and local non-profits."

Programs and services are operated under the brand CenterPoint Energy by Indiana Gas Company, Inc. d/b/a CenterPoint Energy Indiana North. 

CenterPoint Energy's Indiana North territory delivers natural gas to approximately 634,000 customers in Adams, Allen, Bartholomew, Blackford, Boone, Clark, Clay, Clinton, Decatur, Delaware, Fayette, Floyd, Fountain, Grant, Greene, Hamilton, Hancock, Hendricks, Henry, Huntington, Jackson, Jay, Jefferson, Johnson, Lawrence, Madison, Marion, Martin, Miami, Monroe, Montgomery, Morgan, Orange, Owen, Parke, Putnam, Randolph, Rush, Shelby, Tippecanoe, Tipton, Vermillion, Vigo, Wabash, Warren, Wayne, Wells and White counties.
 
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 disruption to the global supply chain; (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, 2021, CenterPoint Energy's Quarterly Reports on Form 10-Q for the quarters ended March 31, 2022 and June 30, 2022 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 Indiana, Louisiana, Minnesota, Mississippi, Ohio and Texas. As of June 30, 2022, the company owned approximately $35 billion in assets. With approximately 8,900 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.


2022-10-12T05:00:00Z
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