CenterPoint Energy Foundation donates $100,000 to Comp-U-Dopt and distributes free laptops to Lake Charles students

​LAKE CHARLES, La. – June 9, 2021 – Two hundred free laptop computers were recently distributed to underserved youth in Lake Charles during a two-day distribution event. Provided by Comp-U-Dopt, a nonprofit with a mission to provide technology access, and funded by a $100,000 donation from the CenterPoint Energy Foundation, the laptops were awarded to lottery registrants randomly selected in advance of the distribution. CenterPoint Energy employees, Calcasieu School Parish staff and local leaders were on hand to personally distribute the computers during the event. 

"There is a huge technological divide for children, and in recent years that divide has become a huge barrier to learning for low income children" says Christe Singleton, vice president of regional operations for CenterPoint Energy. "Giving these children access to reconditioned computers provides them with a valuable tool that will support their education and empower their future."  

The CenterPoint Energy Foundation is a charitable giving vehicle focused on strengthening the quality of life in the communities served by CenterPoint Energy.  For more information, visit CenterPointEnergy.com/Foundation.


2021-06-09T05:00:00Z
CenterPoint Energy gears up for 2021 hurricane season

Houston – June 1, 2021 – Hurricane season begins June 1 and CenterPoint Energy encourages customers to have an emergency plan that reflects current public health guidelines, especially for customers who depend on electricity for life-sustaining equipment. As a part of CenterPoint Energy's commitment to restore service as safely and quickly as possible following a severe weather event, the company has an Emergency Operations Plan (EOP). CenterPoint Energy's employees, across all areas, are called upon to support the company­­'s EOP.

"This hurricane season is predicted to be very active, so customers should be prepared for electric outages and have plans in place now," said Randy Pryor, Vice President of Distribution Operations for CenterPoint Energy.  

According to the guidance below from the National Hurricane Center and National Oceanic and Atmospheric Administration's Saffir-Simpson Hurricane Wind Scale, customers should be prepared to be without electric service according to the following guidelines:

HURRICANE WIND SPEED TYPE OF DAMAGE AND ESTIMATED OUTAGE*
CATEGORY 1 Winds 74-95 mph Extensive damage to power lines and poles likely will result in power outages that could last a few to several days.
CATEGORY 2Winds 96-110 mph Near-total power loss is expected with outages that could last from several days to weeks.
CATEGORY 3Winds 111-129 mph Electricity and water will be unavailable for several days to weeks after the storm passes.
CATEGORY 4Winds 130-156 mph Most trees will be snapped or uprooted and power poles downed. Fallen trees and power poles will isolate residential areas. Power outages will last for weeks to possibly months.
CATEGORY 5Winds 157 mph and up Fallen trees and power poles will isolate residential areas. Power outages will last for weeks to possibly months.

*Individual restoration times will vary.

The Saffir-Simpson Hurricane Wind Scale's information can be found here: https://www.nhc.noaa.gov/aboutsshws.php

"After severe weather, CenterPoint Energy employees work around the clock to assess storm damage to our electric grid and restore electricity as safely and quickly as possible," added Pryor.

CenterPoint Energy crews begin the restoration process with facilities vital to safety, health and welfare, such as hospitals, water treatment plants and public service facilities. After key facilities, the company follows its priority restoration process by making repairs to electrical facilities that will return power to the largest number of customers first, then continue the restoration process by prioritizing repairs to benefit the greatest number of customers, until power is returned to everyone.

In addition, CenterPoint Energy is a part of electric utility mutual assistance programs that provide access to thousands of linemen and tree trimmers from around the country to support restoration efforts during widespread power outage emergencies. The company is in close contact with mutual assistance partners in the event additional crews are needed.

The company also shared that the Electric Reliability Council of Texas (ERCOT) recently predicted that it is anticipating record-breaking electric demand this summer due to expected hot and dry weather conditions, as well as continued economic and population growth throughout the region. ERCOT is the independent system operator for the region and manages the flow of electric power to most of Texas and more than 26 million Texas customers.

CenterPoint Energy is a member of ERCOT and manages the transmission and distribution of electricity to its approximately 2.6 million customers across the greater Houston area and surrounding communities. The company does not generate electricity itself in Texas, so any shortage of power generation is not something that CenterPoint Energy controls.

CenterPoint Energy is also prepared to continue to meet customers' natural gas demands across its eight-state service territory. Operations personnel are regularly checking and adjusting natural gas pressures at delivery points and remotely monitoring pressures at hundreds of locations across the company's system.

"The safety of our customers and employees is our top priority, and we have plans in place to respond to extreme weather events," said Tal Centers, CenterPoint Energy's Vice President, Texas Gas. "Our dedicated team members are prepared and ready to restore our natural gas system safely and effectively if a weather event impacts our area."

No two weather events are alike, and flooding can also have a significant impact on natural gas operations. For information on natural gas safety, electric safety and other resources, visit: CenterPointEnergy.com/StormCenter.

For the latest information on electric power outages:

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 March 31, 2021, the company owned approximately $36 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.

2021-06-01T05:00:00Z
CenterPoint Energy gears up for 2021 hurricane season

Houston – June 1, 2021 – Hurricane season begins June 1 and CenterPoint Energy encourages customers to have an emergency plan that reflects current public health guidelines. As a part of CenterPoint Energy's commitment to restore service as safely and quickly as possible following a severe weather event, the company has an Emergency Operations Plan (EOP). CenterPoint Energy's employees, across all areas, are called upon to support the company­­'s EOP.

"The safety of our customers and employees is our top priority, and we are prepared to respond to extreme weather events," said Tal Centers, CenterPoint Energy's Vice President, Texas Gas. "This hurricane season is predicted to be very active and we encourage our customers to have plans in place now."

CenterPoint Energy is prepared to continue to meet customers' natural gas demands across its eight-state service territory. Operations personnel are regularly checking and adjusting natural gas pressures at delivery points and remotely monitoring pressures at hundreds of locations across the company's system. "Our dedicated team members are prepared and ready to restore our natural gas system safely and effectively if a weather event impacts our area," added Centers.

No two weather events are alike, and flooding can also have a significant impact on natural gas operations. For information on natural gas safety and other resources, visit: CenterPointEnergy.com/WeatherSafety.

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 March 31, 2021, the company owned approximately $36 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.

2021-06-01T05:00:00Z
CenterPoint Energy gears up for 2021 hurricane season

SHREVEPORT, La – June 1, 2021 – Hurricane season begins June 1 and CenterPoint Energy encourages customers to have an emergency plan that reflects current public health guidelines. As a part of CenterPoint Energy's commitment to restore service as safely and quickly as possible following a severe weather event, the company has an Emergency Operations Plan (EOP). CenterPoint Energy's employees, across all areas, are called upon to support the company­­'s EOP.

"The safety of our customers and employees is our top priority, and we are prepared to respond to extreme weather events," said Christe Singleton, CenterPoint Energy's Vice President of Louisiana and Mississippi Gas Operations. "This hurricane season is predicted to be very active and we encourage our customers to have plans in place now."

CenterPoint Energy is prepared to continue to meet customers' natural gas demands across its eight-state service territory. Operations personnel are regularly checking and adjusting natural gas pressures at delivery points and remotely monitoring pressures at hundreds of locations across the company's system. "Our dedicated team members are prepared and ready to restore our natural gas system safely and effectively if a weather event impacts our area," added Singleton.

No two weather events are alike, and flooding can also have a significant impact on natural gas operations. For information on natural gas safety and other resources, visit: CenterPointEnergy.com/weathersafety.

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 December 31, 2020, the company owned approximately $33 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.

2021-06-01T05:00:00Z
CenterPoint Energy gears up for 2021 hurricane season

BYRAM, Miss – June 1, 2021 – Hurricane season begins June 1 and CenterPoint Energy encourages customers to have an emergency plan that reflects current public health guidelines. As a part of CenterPoint Energy's commitment to restore service as safely and quickly as possible following a severe weather event, the company has an Emergency Operations Plan (EOP). CenterPoint Energy's employees, across all areas, are called upon to support the company­­'s EOP.

"The safety of our customers and employees is our top priority, and we are prepared to respond to extreme weather events," said Christe Singleton, CenterPoint Energy's Vice President of Louisiana and Mississippi Gas Operations. "This hurricane season is predicted to be very active and we encourage our customers to have plans in place now."

CenterPoint Energy is prepared to continue to meet customers' natural gas demands across its eight-state service territory. Operations personnel are regularly checking and adjusting natural gas pressures at delivery points and remotely monitoring pressures at hundreds of locations across the company's system. "Our dedicated team members are prepared and ready to restore our natural gas system safely and effectively if a weather event impacts our area," added Singleton.

No two weather events are alike, and flooding can also have a significant impact on natural gas operations. For information on natural gas safety and other resources, visit: CenterPointEnergy.com/weathersafety.

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 December 31, 2020, the company owned approximately $33 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.

 

2021-06-01T05:00:00Z
CenterPoint Energy launches Power Alert Service® in SW Indiana

Evansville – May 20, 2021 CenterPoint Energy today announced it has launched its Power Alert Service® (PAS) electric outage notification system to residential and commercial customers in the southwestern Indiana electric territory. The free, award-winning service automatically notifies customers via SMS text, email or phone call when a power outage or other power problem is detected at or near their address. During a power outage, PAS will notify a customer of the outage, identify an estimated time of restoration, send restoration progress updates, and notify the customer when power has been restored.

"The expansion of Power Alert Service to CenterPoint Energy's portfolio of offerings in the southwest Indiana electric service territory delivers on the company's commitment to offer new products to customers that add value to their lives," said Tony Gardner, Vice President of Customer Experience. "We strive to provide customers with the peace-of-mind of knowing when they experience a power outage, we are aware of the issue and working to restore service as quickly and safely as possible."

Customers can add family, friends and others to their PAS contact list so all who need to be informed of an outage will receive alerts and updates. Alerts can be programmed for up to five separate text (standard messaging rates apply), email and phone numbers for each registered account – a total of 15 points of contact per account.

Those CenterPoint Energy electric customers with active online accounts will automatically start receiving PAS alerts when they have an outage beginning this month. Customers without an online account can register at CenterPointEnergy.com/MyAccount and be automatically enrolled. Customers can modify PAS preferences and add additional contact information, at CenterPointEnergy.com/PAS. Customers can opt-out of Power Alert Service at any time.

PAS has proved successful in providing CenterPoint Energy's Houston-area electric customers with timely outage notifications since 2013. For more information, visit CenterPointEnergy.com/PAS. PAS is offered to our Indiana electric customers under the brand CenterPoint Energy by Southern Indiana Gas and Electric Company d/b/a CenterPoint Energy Indiana South.

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 "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 performance and benefits of PAS, 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) general economic conditions; (2) the timing and impact of future regulatory and legislative decisions; (3) weather variations; (4) changes in business plans; and (5) 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 quarter ended March 31, 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 March 31, 2021, the company owned approximately $36 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.

2021-05-20T05:00:00Z
CenterPoint Energy’s southwest Indiana 50MW universal solar array now live

Evansville, Ind. May 19, 2021 – As a component of the company's long-term electric generation transition plan, CenterPoint Energy's 50-megawatt (MW) universal solar array located in eastern Spencer County is now in service and providing energy to the company's 145,000 electric customers in southwest Indiana.

The $95 million project received regulatory approval in March 2019. CenterPoint Energy partnered with Burns & McDonnell on the engineering and construction of the project. One of the largest single-site solar arrays in Indiana, the project is located near Troy, Ind., on approximately 300 acres and consists of about 150,000 solar panels. Each panel is mounted on a single-axis tracking system, enabling the panels to automatically rotate to follow the sun and maximize energy generation.

"This 50 MW project – combined with our existing 4MW of solar and future plans for additional renewables – continues to demonstrate our commitment to developing a more balanced energy mix in how we generate electricity," said Steve Greenley, Senior Vice President of Generation Development. "We appreciate the collaboration with Burns & McDonnell design and construction teams to bring this project to fruition."

The Troy solar array, in addition to the two previously built 2-MW universal solar projects, now generate enough power to meet the needs of more than 12,000 households per year. When including Vectren's 80 MW of wind power purchased through contracts with Benton County wind farms and its 3.2-MW landfill gas facility in Pike County, that amounts to enough renewable energy in CenterPoint Energy's electric generation portfolio to power more than 35,000 homes, or nearly 25 percent of the company's residential electric customers in Indiana. The project further supports CenterPoint Energy's carbon reduction plan of lowering carbon emissions by 70% over 2005 levels by 2035.

The Troy solar project is part of CenterPoint Energy's Smart Energy Future strategy, which includes electric generation fleet diversification by adding natural gas and renewables, grid modernization projects and smart energy management tools for customers. For more information, visit www.CenterPointEnergy.com/SmartEnergyFuture

CenterPoint Energy delivers electricity to approximately 145,000 customers in southwest Indiana in all or portions of Gibson, Dubois, Pike, Posey, Spencer, Vanderburgh and Warrick counties. Programs and services are operated under the brand CenterPoint Energy by Southern Indiana Gas and Electric Company d/b/a CenterPoint Energy Indiana South.

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 "continue," "could," "estimate, "plan," "potential," "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 those relating to electric generation transition plans, the generation performance and impact of the Troy solar array on customers and level of renewable energy generated, and carbon reduction plans and strategies, 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) financial market conditions; (2) general economic conditions; (3) the timing and impact of future regulatory and legislative decisions; (4) effects of competition; (5) weather variations; (6) changes in business plans; and (7) 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 Report on Form 10-Q for the quarter ended March 31, 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 March 31, 2021, the company owned approximately $36 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.

2021-05-19T05:00:00Z
CenterPoint Energy reports strong Q1 2021 earnings

Houston - May 6, 2021 - CenterPoint Energy, Inc. (NYSE: CNP) today reported income available to common shareholders of $334 million, or $0.56 per diluted share, for the first quarter of 2021, compared to a loss available to common shareholders of $1,228 million, or a loss of $2.44 per diluted share, for the first quarter of 2020. First quarter 2020 results included after-tax non-cash impairment charges related to our midstream investments.

  • Q1 2021 earnings of $0.56 per diluted share; $0.59 per diluted share on a non-GAAP basis, including strong results from utility operations of $0.47
  • Reaffirming 2021 Utility EPS guidance (“Utility EPS”) range of $1.24 - $1.26 and reiterating 6% - 8% Utility EPS annual growth rate target
  • On path to deliver 10% compound annual rate base growth through $16 billion 5-year capital plan
  • Rollout of our transition to Net-Zero, as part of our ESG strategy, later this year

On a non-GAAP basis, first quarter 2021 earnings were $0.59 per diluted share, with $0.47 per diluted share from utility operations, and $0.12 per diluted share from midstream investments, compared to $0.50 per diluted share from utility operations and $0.10 per diluted share from midstream investments in first quarter 2020. The utility growth drivers, including organic growth, rate recovery and ongoing cost management contributed $0.09 per diluted share of favorable variance when compared to the first quarter of 2020. This was offset by the impact of $0.12 negative variance attributable to the May of 2020 equity issuance and one-time CARES Act benefit in the first quarter of 2020. 

"The increasing strength of our utility operations contributed to our strong first quarter results," said Dave Lesar, President and Chief Executive Officer of CenterPoint Energy. "We are developing a consistent track record of delivering on our financial and strategic objectives that we outlined during our 2020 Investor Day."

Lesar added, "Regarding our financial objectives, we are reaffirming our 2021 Utility EPS range of $1.24 - $1.26. In addition, we are on a path to deliver on our industry-leading 10% compound annual rate base growth target which is supported by our current $16 billion 5-year capital plan. These investments, coupled with our O&M discipline and organic customer growth of approximately 2% per year, will advance us towards delivering on a consistent long-term 6% - 8% Utility EPS annual growth target while keeping rates affordable for our customers."

"Regarding strategic objectives, we recently announced the agreement to sell our Arkansas and Oklahoma gas LDC businesses for $1.725 billion, net of winter storm related gas costs, representing a landmark valuation. At this sales price, we now anticipate that this transaction will provide us with approximately $300 million of incremental after-tax proceeds, compared to our Investor Day plan. These additional proceeds will now allow us the opportunity to begin to invest above our current $16 billion capital plan after the sale closes."

"Another strategic goal we are targeting later this year is the roll out of an industry-leading Net Zero ESG plan which is also in line with our commitments from Investor Day. I strongly believe that the strategy we laid out and the progress we have made so far more than demonstrates the unique value proposition CenterPoint offers," said Dave Lesar.

Earnings Outlook

Given the recently announced merger between Enable and Energy Transfer, CenterPoint Energy will only be presenting a Utility EPS guidance range for 2021 as Enable did not provide 2021 guidance during its recent earnings call.

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 Energy 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 Energy'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 Energy's overall financial performance by providing them with an additional meaningful and relevant comparison of current and anticipated future results across periods. The adjustments made in these non-GAAP financial measures exclude items that Management believes 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 Energy'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.

(1) Utility EPS Guidance Range

  •  The Utility EPS guidance range includes net income from Electric and Natural Gas segments, as well as after tax Corporate and Other operating income and an allocation of corporate overhead based upon the Utility's relative earnings contribution. Corporate overhead consists primarily of interest expense, preferred stock dividend requirements, and other items directly attributable to the parent along with the associated income taxes.
  • The Utility EPS guidance excludes:
    • Earnings or losses from the change in value of ZENS and related securities
    • Certain expenses associated with Vectren merger integration
    • Midstream Investments segment and associated income from the Enable preferred units and a corresponding amount of debt in addition to an allocation of associated corporate overhead and impact, including related expenses, associated with the merger between Enable and Energy Transfer
    • Cost associated with the early extinguishment of debt
    • Gain and impact, including related expenses, associated with gas LDC sales

In providing this guidance, CenterPoint Energy 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 2021 Utility 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. In addition, the 2021 Utility EPS guidance range assumes a continued re-opening of the economy in CenterPoint Energy's service territories throughout 2021. To the extent actual results deviate from these assumptions, the 2021 Utility EPS guidance range may not be met or the projected annual Utility EPS growth rate may change. CenterPoint Energy 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.

(2) Midstream Investments EPS Expected Range

Midstream guidance is not initiated at this time as a result of a pending merger between Enable and Energy Transfer. CenterPoint Energy will continue to record its share of Enable's earnings as well as basis difference accretion, earnings from the Enable preferred distributions net of an associated amount of debt, interest on the Midstream note, and an allocation of corporate overhead based on Midstream Investment segment's relative earnings contribution until the transaction closes.

Upon closing of the transaction, CenterPoint Energy's investment in Energy Transfer will be accounted for as an equity method investment with a fair value option. Following the closing of the transaction, CenterPoint Energy will establish Midstream Investments EPS expected range based on the distributions from Energy Transfer and the debt and corporate allocations previously described as a component of our Midstream Investments, excluding market-to-market gains or losses recorded for the Energy Transfer investments.

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 March 31, 2021. 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 Energy's management will host an earnings conference call on Thursday, May 6, 2021, 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 Arkansas, Indiana, Louisiana, Minnesota, Mississippi, Ohio, Oklahoma and Texas. As of March 31, 2021, the company owned approximately $36 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.

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. Any statements in this news release or on the earnings conference call regarding capital investments, rate base growth and our ability to achieve it, future earnings and guidance, including long-term growth rate, and future financial performance and results of operations, including with respect to regulatory actions, the expected closing of, or proceeds from the merger between Enable and Energy Transfer or the sale of our Arkansas and Oklahoma gas LDC businesses, customer rate affordability, value creation, opportunities and expectations, ESG strategy, including transition to Net-Zero, or ESG plan rollout 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) the performance of Enable, the amount of cash distributions CenterPoint Energy receives from Enable, and the value of CenterPoint Energy's interest in Enable;

(2) the integration of the businesses acquired in the merger with Vectren Corporation (Vectren), including the integration of technology systems, and the ability to realize additional benefits and commercial opportunities from the merger;

(3) financial market and general economic conditions, including access to debt and equity capital and the effect on sales, prices and costs; (4) industrial, commercial and residential growth in CenterPoint Energy's service territories and changes in market demand; (5) actions by credit rating agencies, including any potential downgrades to credit ratings; (6) the timing and impact of regulatory proceedings and actions and legal proceedings, including those related to the February 2021 winter storm event; (7) 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 Energy's carbon reduction targets; (8) the impact of the COVID-19 pandemic; (9) the recording of impairment charges, including any impairments related to CenterPoint Energy's investment in Enable; (10) weather variations and CenterPoint Energy's ability to mitigate weather impacts, including impacts from the February 2021 winter storm event; (11) changes in business plans; (12) CenterPoint Energy's ability to fund and invest planned capital, and timely and appropriate rate actions that allow recovery of costs and a reasonable return on investment, including costs associated with the February 2021 winter storm event; (13) CenterPoint Energy's or Enable's potential business strategies and strategic initiatives, restructurings, joint ventures and acquisitions or dispositions of assets or businesses, including the announced sale of our Natural Gas businesses in Arkansas and Oklahoma, which may not be completed or result in the benefits anticipated by CenterPoint Energy, and the proposed merger between Enable and Energy Transfer, which may not be completed or result in the benefits anticipated by CenterPoint Energy or Enable; (14) CenterPoint Energy's ability to execute operations and maintenance management initiatives; and (15) other factors discussed in CenterPoint Energy's March 31, 2021 Form 10-Q and 2020 Form 10-K, including in the "Risk Factors" and "Cautionary Statement Regarding Forward-Looking Information" sections of such reports, and other reports CenterPoint Energy or its subsidiaries may file from time to time with the Securities and Exchange Commission.

2021-05-06T05:00:00Z
CenterPoint Energy names Eric Easton Vice President, Real-Time Operations

Houston – May 4, 2021 – CenterPoint Energy today announced Eric Easton has been named Vice President, Real-Time Operations. In this leadership role, Easton leads the company's real-time electricity operations in Texas and Indiana. He works to enhance alignment and bring technological advances to the company's operating systems. Eric also manages the relationships with grid operators within CenterPoint Energy's electric service territory.

Easton began his career with CenterPoint Energy in 2007. Most recently, he served as Director, Real-Time Operations. Over his 13 years at CenterPoint Energy, he has held roles of increasing responsibility, including Engineer and Manager in Real-Time Operations, as well as in multiple areas of Electric Engineering.

“Through his hard work and leadership, Eric has proven to be a valuable member of our company and team. His knowledge and expertise make him well deserving of this promotion,” said Lynnae Wilson, CenterPoint Energy’s Senior Vice President, High Voltage Operations. “Eric was instrumental during the recent winter weather and power generation shortfall event in Texas, as he was able to lead his team in the extraordinary effort to maintain grid stability, while facing unprecedented circumstances. Eric also led CenterPoint Energy’s efforts to restore electricity to our customers safely and quickly as soon as the power became available.”

Easton received a bachelor’s degree in electric engineering from Prairie View A&M University, a Master of Business Administration degree from the University of Nebraska at Omaha, and a doctoral research degree in systems engineering from Texas Tech University. He is a registered Professional Engineer in the state of Texas and one of the inventors of CenterPoint Energy’s patented substation electromagnetic mitigation module.

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 December 31, 2020, the company owned approximately $33 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.

2021-05-04T05:00:00Z
CenterPoint Energy completes name transition in Indiana and Ohio

Evansville, Ind. May 3, 2021 – CenterPoint Energy has reached a milestone in completing the transition of company facilities, uniforms, vehicles, and customer bills and systems to feature the CenterPoint Energy name and logo in Indiana and Ohio. The transition further unifies the company and its commitment to deliver energy to millions of customers across its eight-state footprint.

"With the retirement of the Vectren name, we are proud to move forward with the CenterPoint Energy name and logo throughout our Indiana and Ohio service territory," said Richard Leger, Vice President of Natural Gas Distribution. "While our name will be changing in Indiana and Ohio, we will continue our longstanding commitment to provide safe and reliable service to the customers who count on us every day for their natural gas and electricity needs."

Signage at CenterPoint Energy properties, including corporate and field office buildings, as well as electric and natural gas facilities throughout Indiana and Ohio, have been updated. CenterPoint Energy employees working in the field are now wearing uniforms and driving trucks with the new logo. Employees will also be wearing CenterPoint Energy shirts when volunteering in the community.

Other completed transition updates include:

  • Customer bills: Beginning this week, CenterPoint Energy customers in Indiana and Ohio will receive their bills with the CenterPoint Energy logo. Depending on customer billing cycles, customers could receive one additional bill with the Vectren logo.
  • Website: To access online accounts, pay bills and for other company information, customers should visit www.centerpointenergy.com and choose their applicable state from the service area drop down menu. At this time, if customers type or link to Vectren.com, they will be redirected to the new site.
  • Social media: Information about the company can be found on social media on Facebook (CenterPoint Energy) and Twitter (@CenterPoint). Customers in the company's southwest Indiana electric territory can now find updates on electric outages by following @CNPalerts_IN on Twitter, formerly @VectrenStorm.
  • Vectren mobile app: The Vectren mobile app has been retired. Customers can access their online account to pay their bill or report a power outage by visiting www.centerpointenergy.com, which is mobile-friendly.

"While the company has reached this milestone by transitioning the majority of assets, completely phasing out the Vectren name will take some time," said Leger. "A combination of Vectren and CenterPoint Energy logos might still be found throughout our territory, and we appreciate our customers' patience as we work to remove them."

Customers will continue to use the same number to report emergencies or reach company representatives by calling 1-800-227-1376 from the hours of 7 a.m. to 7 p.m. Eastern, Monday through Friday. 

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 December 31, 2020, the company owned approximately $33 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. Programs and services are operated under the brand CenterPoint Energy by Indiana Gas Company, Inc. d/b/a CenterPoint Energy Indiana North, Southern Indiana Gas and Electric Company d/b/a CenterPoint Energy Indiana South and Vectren Energy Delivery of Ohio, Inc. d/b/a CenterPoint Energy Ohio in their respective service territories. For more information, visit CenterPointEnergy.com.

2021-05-03T05:00:00Z
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