CenterPoint Energy and HomeServe USA partner to provide home protection services to customers
Home repair plans will be available to CenterPoint Energy natural gas customers in Texas
2018-06-13T10:45:00Z

Houston – June 13, 2018 – CenterPoint Energy (NYSE: CNP) and HomeServe USA Corp. (HomeServe), a provider of emergency home repair programs to homeowners nationwide, today announced a new partnership through which CenterPoint Energy's natural gas customers in Texas will be able to purchase service plans for several household systems.

CenterPoint Energy and HomeServe's new program will offer a suite of service plans covering repairs to several energy-consuming and other home systems, including customer-owned natural gas lines, heating and cooling systems, interior electric wiring, water heaters, and exterior water and sewer lines. The service plans are designed to protect homeowners from the inconvenience and unexpected expenses associated with repairs to these critical household systems. The initial rollout will include protection for customer-owned natural gas lines and cooling systems, and will be available later this summer.

"CenterPoint Energy prides itself on being a trusted energy advisor, so we are pleased to work with HomeServe to provide our customers access to these new valuable services," said Gregg Knight, senior vice president and Chief Customer Officer of CenterPoint Energy. "CenterPoint Energy provides high-quality, highly rated energy delivery to our customers. These new service plans are a natural extension and will provide homeowners with a low-cost, peace-of mind option for unexpected repairs to covered systems."

The Gas Line service plan, for example, will offer homeowners protection against the expense and inconvenience of repairs to the customer-owned natural gas line from the CenterPoint Energy meter up to and including the connectors to each natural gas appliance inside the home. The plan would also cover repairs to the piping leading to connectors to natural gas appliances outside around the property, such as a natural gas grill or natural gas pool heater. Future offerings will include service plans to help repair or maintain energy-consuming appliances, which will help them use energy more efficiently. 

"HomeServe shares the same level of commitment to quality customer service as CenterPoint Energy," said John Kitzie, CEO of HomeServe. "Our cost-effective service plans provide a better way for customers to secure and pay for repairs through our reliable network of qualified local contractors."  

This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based upon assumptions of management which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. Actual events and results may differ materially from those expressed or implied by these forward-looking statements. Any statements in this news release regarding future events, such as future offerings under CenterPoint's new program, and any other statements that are not historical facts are forward-looking statements. Each forward-looking statement contained in this news release speaks only as of the date of this release.  Factors that could affect actual results include (1) factors related to our business and the economy, including commodity prices, (2) the performance of the companies, (3) competitive conditions in the industry, (4) state and federal legislative and regulatory actions or developments affecting various aspects of the businesses and (5) other factors discussed in CenterPoint Energy's Annual Report on Form 10-K for the fiscal year ended December 31, 2017, as well as in CenterPoint Energy's Quarterly Report on Form 10-Q for the quarters ended March 31, 2018, and other reports on Form 8-K CenterPoint Energy or its subsidiaries may file from time to time with the Securities and Exchange Commission.

About CenterPoint Energy:

CenterPoint Energy, Inc., headquartered in Houston, Texas, is a domestic energy delivery company that includes electric transmission & distribution, natural gas distribution and energy services operations. The company serves more than five million metered customers primarily in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma and Texas. The company also owns 54.0 percent of the common units representing limited partner interests in Enable Midstream Partners, a publicly traded master limited partnership it jointly controls with OGE Energy Corp. Enable Midstream Partners owns, operates and develops natural gas and crude oil infrastructure assets. With nearly 8,000 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, please visit www.CenterPointEnergy.com

About HomeServe USA Corp.:

HomeServe USA Corp. (HomeServe) is a leading provider of home repair solutions serving 3.6 million customers across the US and Canada under the HomeServe, Home Emergency Insurance Solutions, Service Line Warranties of America (SLWA) and Service Line Warranties of Canada (SLWC) names. Since 2003, HomeServe has been protecting homeowners against the expense and inconvenience of water, sewer, electrical, HVAC and other home repair emergencies by providing affordable repair coverage, installations and quality local service. As an A+ rated Better Business Bureau Accredited Business, HomeServe is dedicated to being a customer-focused company supplying best-in-class repair plans and other services to consumers directly and through over 550 leading municipal, utility and association partners. For more information about HomeServe, a 2017 Connecticut Top Workplace winner and recipient of eighteen 2018 Stevie Awards for Sales & Customer Service, or to learn more about HomeServe's affordable repair plans, please go to www.homeserveusa.com. To connect with HomeServe on Facebook and Twitter, please visit www.facebook.com/homeserveusa and www.twitter.com/homeserveusa.

 

For more information:

 

CenterPoint Energy

Media:  Leticia Lowe   

Phone: 713-207-7702

Investors:  David Mordy

Phone: 713-207-6500

 

HomeServe USA

Myles Meehan                                                

Phone: 203-356-4259                                       

             

Hill+Knowlton Strategies for HomeServe USA

Merrie Leininger

Phone: 775-846-0664

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CenterPoint Energy Announces Leadership Transition

HOUSTON, Feb. 19, 2020 - CenterPoint Energy, Inc. (NYSE: CNP) today announced that its board of directors has appointed John W. Somerhalder II as interim President and Chief Executive Officer to succeed Scott M. Prochazka, who has stepped down as President and Chief Executive Officer, and as a member of the board of directors.

CenterPoint Energy logo. (PRNewsFoto)

Mr. Somerhalder is a 40-year energy industry veteran, including as Chief Executive and a Director of AGL Resources Inc., a natural gas utility. He has served as a Director of CenterPoint Energy, Inc. since 2016 and also serves as Director and Trustee on the boards of numerous non-profit organizations. The company has commenced a process to identify a permanent CEO and has formed a sub-committee of the board to support the selection process. These changes are effective immediately.

Milton Carroll, Executive Chairman, said, "On behalf of the board of directors and CenterPoint Energy's employees, I would like to thank Scott for his meaningful contributions to the company during his distinguished career. Scott led CenterPoint Energy through significant growth and transformation and, under his leadership, we made progress in our journey to achieve our vision to lead the nation in delivering energy, service, and value."

Mr. Carroll added, "The board has determined that now is the right time for a new leader with a fresh strategic perspective to lead the company though its next phase of growth and value creation. We are fortunate to have found in John an outstanding energy industry executive with vast utility experience and the skills to ensure that we continue our momentum during the search process."

Mr. Somerhalder said, "I am privileged to step in and lead this company and its talented employees to ensure that we remain focused on meeting our commitments. As interim President and CEO, I am intent on delivering strong performance, continuous dividend growth, and a strengthened balance sheet, while enhancing our business risk profile, earnings quality, and earnings growth for the benefit of our stakeholders."

Mr. Somerhalder added, "Our Chief Financial Officer Xia Liu and I look forward to discussing our strong 2019 performance, as well as providing our 2020 EPS guidance and utility EPS growth target during our upcoming earnings call on February 27. I also look forward to working alongside the leadership team in the exciting next phase of the company's future."

About John W. Somerhalder II

John W. Somerhalder II has been a Director of CenterPoint Energy, Inc. since October 2016. Mr. Somerhalder is a private investor. He most recently served as Interim President and Chief Executive Officer of Colonial Pipeline Company, a privately held company that operates a refined liquid petroleum products pipeline system, from February 2017 to October 2017. Prior to joining Colonial Pipeline Company, Mr. Somerhalder served as President, Chief Executive Officer and as a director of AGL Resources Inc., a former publicly traded energy services holding company, which was acquired by Southern Company, whose principal business is the distribution of natural gas, from March 2006 through December 2015 and as Chairman of the Board of AGL Resources Inc. from November 2007 through December 2015. Prior to joining AGL Resources Inc., he served in a number of roles with El Paso Corporation, a publicly traded natural gas and related energy products provider, and its subsidiaries since 1977, including as Executive Vice President, and as President of El Paso Pipeline Group. He has served as a director of Crestwood Equity GP LLC, the general partner of Crestwood Equity Partners LP, and he served as a director of SunCoke Energy Partners, L.P. from 2017 to July 2019. He currently serves as director and trustee on the boards of numerous non-profit organizations.

About CenterPoint Energy, Inc.

Headquartered in Houston, Texas, CenterPoint Energy, Inc. is an energy delivery company with regulated utility businesses in eight states and a competitive energy businesses footprint in nearly 40 states. Through its electric transmission & distribution, power generation and natural gas distribution businesses, the company serves more than 7 million metered customers in Arkansas, Indiana, Louisiana, Minnesota, Mississippi, Ohio, Oklahoma, and Texas. CenterPoint Energy's competitive energy businesses include natural gas marketing and energy-related services; energy efficiency, sustainability and infrastructure modernization solutions; and construction and repair services for pipeline systems, primarily natural gas. The company also owns 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 14,000 employees and approximately $35 billion in assets, CenterPoint Energy, Inc. and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.

This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based upon assumptions of management which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. Actual events and results may differ materially from those expressed or implied by these forward-looking statements. Any statements in this news release regarding future earnings, and future financial performance and results of operations, including, but not limited to earnings guidance, targeted dividend growth rate and any other statements that are not historical facts are forward-looking statements. Each forward-looking statement contained in this news release speaks only as of the date of this release.

For more information contact
Media:
Alicia Dixon

Phone 713.207.5885
Investors:
Dave Mordy
Phone 713.207.6500

SOURCE CenterPoint Energy, Inc.

CenterPoint Energy to Sell Miller Pipeline and Minnesota Limited to PowerTeam Services

HOUSTON and ATLANTA, Feb. 3, 2020 - CenterPoint Energy, Inc. (NYSE: CNP) and PowerTeam Services, LLC ("PowerTeam"), an integrated infrastructure services provider, today announced that they have entered into an agreement through which CenterPoint Energy will sell Miller Pipeline and Minnesota Limited (collectively, "MVerge") to PowerTeam for $850 million in cash, subject to customary purchase price adjustments. Net proceeds of the sale will be used to repay a portion of outstanding CenterPoint Energy debt.

Scott Prochazka, president and chief executive officer of CenterPoint Energy, said, "The sale is a key achievement in our ongoing strategic focus to strengthen our balance sheet and improve our business risk profile and earnings quality pursuant to increased relative contribution of our core utility businesses. Post transaction, we expect our utility earnings contribution to increase to greater than 80% over the next few years."  

Prochazka added, "With PowerTeam, we believe we have found the right company to continue growing the businesses of Miller Pipeline and Minnesota Limited and position them for long-term success."

Miller Pipeline and Minnesota Limited, which represent CenterPoint Energy's Infrastructure Services business segment, are two of the premier natural gas distribution and transmission pipeline contractors in the United States, providing services to customers in 35 states. In 2019, both Miller Pipeline and Minnesota Limited were acquired by CenterPoint Energy in the CenterPoint Energy-Vectren Corporation merger. Miller Pipeline is headquartered in Indianapolis, Ind. and employs more than 3,500 people. Minnesota Limited is based in Big Lake, Minn. with peak employment of more than 1,400 employees.

"PowerTeam's combination with Miller Pipeline and Minnesota Limited creates a powerful platform with nationwide scale to continue to safely and reliably serve customers, provide enhanced career opportunities for employees, and capitalize on significant growth opportunities in the utility and energy infrastructure industry," said Brian Palmer, chief executive officer of PowerTeam, who will serve as the chief executive officer of the combined company. "Our highly complementary businesses have a shared set of values and a diverse customer base and geographic presence that will serve as the foundation for our continued growth. Together, we will focus on continuing to deliver top-notch safety, execution, quality and professionalism to our customers across the United States."  

Doug Banning, current chief executive officer of MVerge who will continue to oversee Miller Pipeline and Minnesota Limited, said, "This is an exciting development for everyone at Miller Pipeline and Minnesota Limited. PowerTeam shares our goal of being the best in the industry and recognizes the talent that our organization brings. By combining two industry leaders, we believe our employees and customers will see significant benefits."

The sale is anticipated to be completed in the second quarter of 2020, subject to the satisfaction of customary closing conditions, including the expiration or termination of the Hart-Scott-Rodino waiting period.

J.P. Morgan is serving as exclusive financial advisor to CenterPoint Energy. Latham & Watkins LLP is acting as legal counsel to CenterPoint Energy. Credit Suisse, UBS Investment Bank, and Harris Williams are serving as financial advisors to PowerTeam, and Debevoise & Plimpton LLP is serving as legal counsel to PowerTeam.

Headquartered in Houston, Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with regulated utility businesses in eight states and a competitive energy businesses footprint in nearly 40 states. Through its electric transmission & distribution, power generation and natural gas distribution businesses, the company serves more than 7 million metered customers in Arkansas, Indiana, Louisiana, Minnesota, Mississippi, Ohio, Oklahoma and Texas. CenterPoint Energy's competitive energy businesses include natural gas marketing and energy-related services; energy efficiency, sustainability and infrastructure modernization solutions; and construction and repair services for pipeline systems, primarily natural gas. The company also owns 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 14,000 employees and nearly $35 billion in assets, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.

PowerTeam Services, LLC, based in Atlanta, Ga., is an industry-leading provider of integrated infrastructure services to the natural gas and electric industries across 20 states. PowerTeam employs more than 4,000 people throughout the United States and its operating companies include KS Energy Services, Southeast Connections, Volt Power and Hydro-X. For more information, visit http://www.powerteamservices.com

Forward-Looking Statement

The statements in this press release contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical fact included in this press release are forward-looking statements made in good faith by us and are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995.  When used in this press 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. Forward-looking statements include, but are not limited to, statements relating to benefits of the sale, the timing of the closing and the relative contribution of CenterPoint Energy's core energy delivery business after closing. Each forward-looking statement contained in this press 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 timing of the expiration or termination of the Hart-Scott-Rodino waiting period or any other commitment to not close before a certain date under a timing agreement with the United States Federal Trade Commission or the Antitrust Division of the United States Department of Justice, (2) the occurrence of any event, change or other circumstances that could give rise to the termination of the proposed transactions or could otherwise cause the failure of the proposed transactions to close, (3) the risk that a condition to the closing of the proposed transactions may not be satisfied, (4) the outcome of any legal proceedings, regulatory proceedings or enforcement matters that may be instituted relating to the proposed transactions, (5) the timing to consummate the proposed transactions, (6) disruption from the proposed transactions making it more difficult to maintain relationships with customers, employees, regulators or suppliers, (7) the diversion of management time and attention on the proposed transactions  and (8) other factors discussed in CenterPoint Energy's Annual Report on Form 10-K for the fiscal year ended December 31, 2018, CenterPoint Energy's Quarterly Report on Form 10-Q for the quarters ended March 31, 2019, June 30, 2019 and September 30, 2019 and other reports CenterPoint Energy or its subsidiaries may file from time to time with the Securities and Exchange Commission.

CenterPoint Communications

CenterPoint Investor Relations

 

PowerTeam Services

Natalie Hedde: 812.491.5105

David Mordy: 713.207.6284

 

Abernathy MacGregor

Natalie.hedde@centerpointenergy.com 

David.mordy@centerpointenergy.com 

 

Blair Hennessy: 212.371.5999

     

bth@abmac.com

Miller Pipeline Communications

   

Christen Bagley: 713.999.8057

Laura Morrow: 317.653.5284

   

cdb@abmac.com

Laura.morrow@millerpipeline.com 

     

 

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SOURCE CenterPoint Energy, Inc.

CenterPoint Energy Proposes Bipartisan Clean Energy Legislation

Minneapolis – Feb. 6, 2020 – CenterPoint Energy, Minnesota’s largest natural gas utility serving more than 860,000 residential and business customers, is proposing state legislation promoting innovative clean energy resources and technologies to reduce greenhouse gas emissions and advance Minnesota’s clean energy future.

The Natural Gas Innovation Act would establish a state regulatory policy allowing a natural gas utility to add alternative fuels, such as renewable natural gas and hydrogen gas, to its distribution system. A utility could also deploy new energy-efficiency and carbon-capture technologies to reduce or avoid greenhouse gas emissions from natural gas use.

Renewable natural gas is produced from organic materials such as agricultural manure, landfill waste, wastewater, food waste and agricultural or forest waste. Renewable hydrogen gas is produced from water through electrolysis using renewable electricity such as solar. Renewable natural gas is interchangeable with conventional natural gas, while hydrogen gas can be blended with natural gas.

In addition to helping Minnesota meet its renewable energy and greenhouse gas reduction goals, the legislation’s other potential benefits include diversifying the state’s energy sources, encouraging technological innovation, improving waste management and supporting rural economic development. 

“As our cold winters always remind us, natural gas plays an essential role in meeting Minnesota’s energy needs,” said Brad Tutunjian, CenterPoint Energy Vice President-Minnesota Region. “At CenterPoint Energy, we are committed to delivering reliable, affordable energy while also pursuing innovative solutions to help our customers limit the climate impact of their energy use. We see many great opportunities for clean energy innovation with natural gas, and this legislation will help Minnesota continue its clean energy leadership.”

The bipartisan legislation will be introduced when the 2020 Minnesota Legislature convenes on Feb. 11, with Rep. Zack Stephenson (DFL-District 36A) and Sen. Bill Weber (R-District 22) as authors.

“The Natural Gas Innovation Act is a major opportunity for Minnesota to build on the important clean energy success we have already achieved,” said Rep. Stephenson, who is vice chair of the House Commerce Committee and a member of the House Energy and Climate Finance and Policy Committee. “This legislation creates a forward-looking framework that will help our natural gas utilities innovate and invest in renewable resources to address climate change and continue Minnesota’s clean energy transition.”

Sen. Weber, who chairs the Senate Agriculture, Rural Development and Housing Policy Committee said, “The Natural Gas Innovation Act provides a responsible pathway for our state’s energy future by prioritizing new technology and homegrown, made-in-Minnesota resources. In particular, renewable natural gas made from agricultural waste holds great economic potential for Minnesota’s farmers and rural communities, while also protecting the environment and helping Minnesota meet its energy needs.”

While several states have passed recent laws specifically to promote renewable natural gas, the Minnesota legislation encompasses a broader range of potential clean energy resources and technologies that a natural gas utility could use.

Under the proposed legislation, a natural gas utility could submit an “alternative resource plan” to the Minnesota Public Utilities Commission, seeking approval to provide its customers with access to new clean energy options.

To limit the financial impact on customers, the cost of the alternative resource plan must be no more than five percent of the utility’s total annual revenue requirement approved by the Public Utilities Commission. The actual cost for any specific customer would depend on actual gas usage and the details of the plan as reviewed and approved by the Commission. For a typical CenterPoint Energy residential customer, the maximum expected cost could be about one dollar extra on their monthly bill, based on current rates and the specific plan approved by the Commission.

The Minnesota Commerce Department would also prepare a statewide inventory of Minnesota’s potential renewable natural gas resources, including a list of all potential sources and estimated energy from each source.

“The Natural Gas Innovation Act is entirely consistent with the stakeholder-based process we are doing with the Great Plains Institute to explore options to decarbonize natural gas end uses in Minnesota,” said Mike Bull, Director of Policy and External Affairs at the Center for Energy and Environment.  “We truly appreciate CenterPoint Energy’s leadership in proposing this policy for deploying low- and no-carbon alternatives to conventional natural gas, including enhanced energy efficiency initiatives.”

Shannon Schlecht, Executive Director of the Agricultural Utilization Research Institute (AURI) said, “Minnesota agriculture has always been a leader in innovation. With the Natural Gas Innovation Act, farmers and rural entrepreneurs will have an exciting opportunity to take that leadership to a new level by transforming agricultural waste into a sustainable, Minnesota-produced clean energy alternative to conventional natural gas.”

Hennepin County Commissioner Debbie Goettel, Chair of the Partnership on Waste and Energy, which includes Hennepin, Ramsey and Washington counties, said, “By promoting renewable natural gas made from organic waste, the Natural Gas Innovation Act will help the state and counties achieve waste management and recycling goals that protect our air, land, water and public health. Organic waste, including food waste, represents an enormous, untapped clean energy resource that is widely available in Minnesota. Converting this resource into a biofuel like renewable natural gas substantially reduces the carbon impacts of waste and is an important step in supporting recycling of organic waste.”

About CenterPoint Energy

Headquartered in Houston, Texas, CenterPoint Energy, Inc. is an energy delivery company with regulated utility businesses in eight states and a competitive energy businesses footprint in nearly 40 states. Through its electric transmission & distribution, power generation and natural gas distribution businesses, the company serves more than 7 million metered customers in Arkansas, Indiana, Louisiana, Minnesota, Mississippi, Ohio, Oklahoma and Texas. CenterPoint Energy’s competitive energy businesses include natural gas marketing and energy-related services; energy efficiency, sustainability and infrastructure modernization solutions; and construction and repair services for pipeline systems, primarily natural gas. The company also owns 53.8 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 14,000 employees and nearly $34 billion in assets, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.

CenterPoint Energy declares dividends, sets 2020 annual meeting of shareholders

HOUSTON, Feb. 3, 2020 - CenterPoint Energy, Inc.'s (NYSE: CNP) board of directors today declared dividends on shares of its common stock, Series A Perpetual Preferred Stock and Series B Mandatory Convertible Preferred Stock.

CenterPoint Energy logo. (PRNewsFoto)

Common Stock Dividend

The company's board of directors declared a regular quarterly cash dividend of $0.2900 per share of common stock payable on March 12, 2020 to shareholders of record as of the close of business on Feb. 20, 2020. This quarterly dividend, if annualized, would equate to $1.16 per share.

"This marks the 15th consecutive year we have increased our common stock dividend," said Scott Prochazka, president and chief executive officer of CenterPoint Energy. "The board's decision today demonstrates CenterPoint Energy's continued commitment to dividend growth, while also driving shareholder value by capitalizing on its significant rate base investment opportunities in its regulated utilities. Central to this commitment of dividend and regulated utilities earnings growth is our continued focus on strengthening our balance sheet following the Vectren merger and the divestiture of the non-rate regulated CenterPoint Energy Infrastructure Services business segment."

Series A Preferred Stock Dividend

The company's board of directors declared a regular semiannual cash dividend of $30.6250 per share on its Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock payable on March 2, 2020 to shareholders of record as of the close of business on Feb. 14, 2020.

Series B Preferred Stock Dividend

The company's board of directors declared a regular quarterly cash dividend of $17.5000 per share on its 7.00% Series B Mandatory Convertible Preferred Stock payable on March 2, 2020 to shareholders of record as of the close of business on Feb. 15, 2020. As Feb. 15, 2020 falls on a Saturday, the effective record date for the dividend will be the close of business on Feb. 14, 2020. This equates to $0.8750 per depositary share (NYSE: CNPPRB), each of which represents a 1/20th interest in a share of the Series B Mandatory Convertible Preferred Stock.

Annual Meeting

The company also announced that its 2020 annual meeting of shareholders will be held on Friday, April 24, 2020, at 9 a.m. CDT in the CenterPoint Energy Tower auditorium, 1111 Louisiana Street, Houston, Texas. Shareholders who hold shares of CenterPoint Energy common stock as of Feb. 28, 2020, will receive notice of the meeting and will be eligible to vote.

Headquartered in Houston, Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with regulated utility businesses in eight states and a competitive energy businesses footprint in nearly 40 states. Through its electric transmission & distribution, power generation and natural gas distribution businesses, the company serves more than 7 million metered customers in Arkansas, Indiana, Louisiana, Minnesota, Mississippi, Ohio, Oklahoma and Texas. CenterPoint Energy's competitive energy businesses include natural gas marketing and energy-related services; energy efficiency, sustainability and infrastructure modernization solutions; and construction and repair services for pipeline systems, primarily natural gas. The company also owns 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 14,000 employees and nearly $35 billion in assets, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.

This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based upon assumptions of management which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. Actual events and results may differ materially from those expressed or implied by these forward-looking statements. Any statements in this news release regarding future events, such as annualized dividends per share, dividend and utility earnings growth, actions with respect to CenterPoint Energy's balance sheet, capital investments and rate base growth, the anticipated divestiture of the infrastructure services business segment 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.

For more information contact
Media:
Alicia Dixon
Phone 713.207.5885
Investors:
Dave Mordy
Phone 713.207.6500

 

SOURCE CenterPoint Energy, Inc.

CenterPoint Energy along with HomeServe USA bringing home protection plans to Louisiana

Houston – Feb. 3, 2020 – Today, CenterPoint Energy (NYSE: CNP) and HomeServe USA Corp. (HomeServe), a provider of emergency home repair programs to homeowners nationwide, are announcing an extension of their business relationship to bring home protection plans to CenterPoint Energy's Louisiana natural gas customers.  Since launching June 2018 in other markets, more than 250,000 CenterPoint Energy customers have already purchased a HomeServe plan and have saved more than $5 million in repair costs.

The program from HomeServe, introduced by CenterPoint Energy, will offer a suite of optional plans covering repairs to a variety of energy-consuming and home systems, including customer-owned natural gas lines, heating and cooling systems, interior and exterior electric lines, water heaters, and exterior water and sewer service lines.

The service plans are designed to protect homeowners from the inconvenience and unexpected expenses associated with repairs to these critical household systems. Another benefit is plans will help repair or maintain energy-consuming appliances, which will help them use energy more efficiently.

"CenterPoint Energy prides itself on being a trusted energy advisor, so we are pleased to work with HomeServe to provide our customers access to these new services," said Christe Singleton, Vice President of CenterPoint Energy's Louisiana Gas Operations. "CenterPoint Energy provides high-quality, highly rated energy delivery to our customers. In fact, J.D. Power has ranked us #1 in Customer Satisfaction with Residential Natural Gas Service in the South among Large Utilities, 3 Years in a Row.* These new  plans from HomeServe are a natural service extension, and we believe they will provide homeowners with a low-cost, peace-of mind option for unexpected repairs to covered systems."

The Gas Line service plan, for example, will offer homeowners protection against the expense and inconvenience of repairs to the customer-owned natural gas line from the CenterPoint Energy meter up to and including the connectors to each natural gas appliance inside the home. The plan would also cover repairs to the piping leading to connectors to natural gas appliances outside around the property, such as a natural gas grill or natural gas pool heater.

"HomeServe shares the same level of commitment to quality customer service as CenterPoint Energy," said John Kitzie, CEO of HomeServe. "Our cost-effective service plans provide a better way for customers to secure and pay for repairs through our reliable network of qualified local contractors."

For more information on these plans, call CenterPoint Energy at 833-273-4663 or visit ProtectYourPipes.com

*CenterPoint Energy received the highest score in the South Large segment of the J.D. Power 20172019 Gas Utility Residential Customer Satisfaction Studies (tied in 2017) of customers' satisfaction with their residential gas provider. Visit jdpower.com/awards