CenterPoint Energy files for renewable natural gas program in Minnesota
Company seeks Commission approval to introduce innovative renewable natural gas offering to Minnesota customers
2018-08-23T05:00:00Z

Minneapolis – Aug. 23, 2018 CenterPoint Energy filed a proposal today with the Minnesota Public Utilities Commission (MPUC) seeking approval to introduce a renewable natural gas green tariff pilot program to its Minnesota customers. If approved, CenterPoint Energy customers would be able to enroll in the program as early as spring 2019. CenterPoint Energy is one of the first natural gas providers in the U.S. to offer renewable natural gas (RNG) to customers.

The proposed program offers CenterPoint Energy customers in Minnesota the option to purchase RNG through their monthly bill. RNG is created by cleaning and refining methane produced from landfills, agriculture and waste water. If approved, the initial pilot program would be in place for five years, after which time CenterPoint Energy could request to continue, modify, or discontinue the program.

RNG is chemically nearly identical to conventional natural gas, but is sourced differently. Conventional natural gas is a fossil fuel obtained by drilling into underground rock formations. RNG is made of biogenic methane produced when organic waste breaks down in the absence of oxygen. Common sources include landfills, wastewater treatment plants and anaerobic digesters on farms or at food processing plants. Once processed, this biofuel can be injected directly into natural gas pipelines and used as a clean and reliable energy source for homes and businesses.

"In many cases, the methane emitted from these waste sources is not put to any useful purpose. The methane is either released directly into the atmosphere or burned in flares and converted to CO2 —in either case increasing greenhouse gas pollutants in the atmosphere. When it is collected, processed and used as a fuel, it can reduce waste and meet customers' energy needs while reducing greenhouse gas emissions," said Nick Mark, manager of Conservation and Renewable Energy Policy for CenterPoint Energy.

How it works

The proposed pilot is designed to operate similarly to electric green tariffs, through which customers may choose to spend more to purchase renewable energy. Under the proposal, residential or commercial customers will be able to voluntarily enroll in the RNG program. Customers will decide how much they wish to spend on RNG, with a minimum of $1 per month. As was the case for early electric green tariffs, the initial cost of RNG will be more expensive than non-renewables due to higher production costs and limited supply. While the finalized per-therm cost will be determined after MPUC approval, CenterPoint Energy estimates that RNG will cost approximately $3.89 per therm. In the future, CenterPoint Energy anticipates adjusting the per-therm program price annually based on market supply and customer demand, but these adjustments will not affect the amount charged to customers. Customers who choose to enroll in the RNG program will pay only the amount they designate.

"We've heard from our customers that they want to have options for how they get their energy and that many of them are interested in using more renewable energy," Mark added. "I'm excited to roll out this innovative program for Minnesota customers interested in supporting renewable forms of energy."

Opportunity for public comment

The filing process includes an opportunity for public comment on the program. After reviewing feedback from stakeholders and the public, the Commission will vote on whether the program is approved, denied or needs to be revised. If approved, CenterPoint Energy would start enrolling customers in the late spring of 2019 and have RNG flowing during the 2019-2020 heating season.

Only a handful of energy companies have sought to implement a voluntary renewable natural gas option for customers. The filing responds to customer and local government sustainability goals such as City of Minneapolis' goal to achieve an 80% reduction in greenhouse gas emissions by 2050.

"In addition to this being an exciting opportunity for CenterPoint Energy to offer our customers an innovative service, this filing helps advance energy policy and increase the amount of energy we get from renewables. We think it can help Minnesota achieve its energy policy goals as well as achieving environmental benefits," said Mark.

For more information on what CenterPoint Energy is doing to conserve the environment and help the community, see their Corporate Responsibility Report. For more information about CenterPoint Energy's RNG program, visit our website.

 

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 more than 8,000 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. The utility also operates a non-regulated business in Minnesota called Home Service Plus®.  For more information, please visit    CenterPointEnergy.com

 

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Gov. Holcomb Announces State Equity Chief

​INDIANAPOLIS — Governor Eric J. Holcomb today announced Karrah A. Herring will serve as Indiana's first-ever chief equity, inclusion and opportunity officer.

"My goal is to better build diversity and foster an inclusive environment within state government and the services we provide so every Hoosier can take full advantage of their gifts and potential," Gov. Holcomb said. "Karrah will guide every state agency with her impressive experience at one of our state's world-renowned universities."

In addition to naming Herring, the governor also announced that the CenterPoint Energy Foundation is supporting the state's diversity and inclusion programs and services.

"The CenterPoint Energy Foundation has stepped up with a financial contribution for this effort because they understand getting this right is important for the long-term quality of life and growth in this state," Gov. Holcomb said. "We are grateful for their focus on fostering more understanding, respect and trust in areas of diversity and inclusion."

Herring currently serves as the director of public affairs for the University of Notre Dame, where she has worked since 2011. From 2014 until 2018, she served on Notre Dame's Human Resource's Senior Leadership Team as director of the Office of Institutional Equity and Title IX coordinator. In this role, Herring provided oversight and support of the university's efforts to comply with federal and state civil rights laws related to policies prohibiting discrimination, harassment, and retaliation. Herring created Notre Dame's affirmative action plans, had oversight of employee disability compliance for the campus, and oversaw workplace investigations falling under Title VII and Title IX.

Herring earned her undergraduate degree from Purdue University and her law degree from Valparaiso University.

"I am honored to join Gov. Holcomb's administration and be named the state's first chief equity, inclusion and opportunity officer," Herring said. "This is an incredible opportunity to drive cultural change across state government workplaces and essential state services by increasing equity and inclusion."

Gov. Holcomb announced the creation of the chief equity, inclusion and opportunity officer during his August address to the state. The officer will focus on improving state government operations as well as drive systemic change to remove hurdles in the government workplace and services the state provides. Herring will help agencies develop strategic plans to remove any barriers. As a member of the governor's cabinet, Herring will report directly to the governor.

Through its charitable foundation, CenterPoint Energy has been in discussions with the state since the announcement of the position in August to help understand how they may partner with the state of Indiana to enhance diversity and inclusion programs. The CenterPoint Energy Foundation, through its strategic giving areas, supports programs that serve under-resourced populations to help communities thrive.

Herring starts her new role on Feb. 1, 2021. A headshot is available to download here: https://www.flickr.com/photos/govholcomb/50620964243/in/dateposted/

CenterPoint Energy gains approval for made-in-Minnesota renewable natural gas

Minneapolis – Nov. 19, 2020 – CenterPoint Energy (NYSE: CNP) announced today it has received approval from the Minnesota Public Utilities Commission to open its natural gas distribution system to made-in-Minnesota renewable natural gas (RNG). RNG is produced by recycling biogas from organic materials such as agricultural manure, wastewater and commercial food waste.

Earlier this year, CenterPoint Energy submitted the proposal to allow Minnesota RNG suppliers to "interconnect" with its pipeline system. Suppliers would pay for the interconnection, with no cost to the utility's customers. CenterPoint Energy will require RNG suppliers to meet gas quality standards, including ongoing testing, to ensure that RNG entering the utility's system is interchangeable with conventional natural gas.

CenterPoint Energy is the state's largest natural gas utility, serving more than 870,000 customers in 260 communities.

The RNG proposal was supported by the Minnesota Department of Commerce, which called the proposal "innovative" and said it "appreciates CenterPoint Energy's efforts to provide an opportunity for RNG producers and/or developers who are concerned about reducing greenhouse gas emissions and/or encouraging domestic energy use."

In addition, 20 different organizations and businesses, including prospective RNG producers and project developers, submitted comments to the Commission in support of the proposal. The Commission approved the proposal after adding several technical modifications and reporting requirements.

"Renewable Natural Gas is part of CenterPoint Energy's ongoing commitment to pursue innovative clean energy solutions," said Brad Tutunjian, Vice President of Minnesota Regional Operations. "We are already in discussions with potential RNG producers who are interested in the opportunity to work with us to build a Minnesota RNG industry that can help diversify our energy supply, improve waste management and boost the economy, especially in rural areas."

RNG has significant potential to reduce greenhouse gas emissions by offering a productive use for waste methane gas that might otherwise be released directly into the air and by replacing conventional fossil-fuel natural gas with a renewable resource. Depending on the source, RNG can even have a net negative carbon impact (taking more carbon out of the environment than it produces).

Interconnection with CenterPoint Energy's distribution system can promote Minnesota RNG production by making it easier for producers to sell their product to existing markets. Initially, Minnesota-made RNG is expected to pass through interstate pipelines for use in other states that offer financial incentives. But CenterPoint Energy ultimately hopes to make RNG available to its customers in Minnesota.

As part of its commitment to clean energy innovation, CenterPoint Energy has also proposed the bipartisan Natural Gas Innovation Act at the Minnesota Legislature. It would allow a natural gas utility to submit an alternative resource plan with the Public Utilities Commission to invest further in alternative fuels, such as RNG and renewable hydrogen, as well as new energy-efficiency and carbon-capture technologies to reduce or avoid greenhouse gas emissions

While the Senate passed the legislation earlier this year by a 62-4 margin, the House did not take action before adjournment. The legislation will be re-introduced in 2021.

 

About CenterPoint Energy

As the only investor owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Arkansas, Indiana, Louisiana, Minnesota, Mississippi, Ohio, Oklahoma and Texas. As of September 30, 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 9,600 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 Company's commitment to carbon emission reductions and innovative clean energy solutions, its RNG program and the expected opportunities and benefits derived therefrom and proposed legislation regarding alternative fuels, and any other statements that are not historical facts are forward-looking statements. Each forward-looking statement contained in this news release speaks only as of the date of this release. Important factors that could cause actual results to differ materially from those indicated by the provided forward-looking information include risks and uncertainties relating to: (1) the impact of COVID-19; (2) financial market conditions; (3) general economic conditions; (4) the timing and impact of future regulatory and legislative decisions; (5) effects of competition; (6) weather variations; (7) changes in business plans; and (8) other factors, risks and uncertainties discussed in CenterPoint Energy's Annual Report on Form 10-K for the fiscal year ended December 31, 2019, CenterPoint Energy's Quarterly Reports on Form 10-Q for the quarters ended March 31, 2020, June 30, 2020 and September 30, 2020 and other reports CenterPoint Energy or its subsidiaries may file from time to time with the Securities and Exchange Commission.

 

CenterPoint Energy Names Kenneth E. Coleman Senior Vice President and Chief Information Officer

HOUSTON, Nov. 12, 2020 - CenterPoint Energy, Inc. (NYSE: CNP) today announced that Kenneth E. Coleman has been named as Senior Vice President and Chief Information Officer, effective Nov. 16. Coleman will lead the company's enterprise-wide information technology strategy, including the development, maintenance, use and security of CenterPoint Energy's computer systems, software and networks. He will report to Gregory Knight, Executive Vice President, Customer Transformation and Business Services.

"Kenny joins CenterPoint Energy's leadership team with a proven track record of building and leading world-class technology management and product development organizations, with a focus on origination of new projects and strategic planning for growth," said Knight. "Under Kenny's leadership, we will continue to leverage technology, data and analytics to support enterprise-wide business goals and drive innovative solutions for improving the customer experience and the company's business and workforce efficiency."

Coleman joins CenterPoint Energy following roles of increasing responsibility over more than 20 years at Southern Company and its subsidiaries, including serving as Senior Vice President and CIO where he led enterprise-wide IT. Most recently, Coleman served as President and CEO of the Birmingham Business Alliance (BBA) where he was responsible for developing collaborative efforts between the BBA and its community partners to lead economic growth for the seven-county Birmingham region.

Coleman earned a Bachelor of Science degree in Communications from the University of New Haven in New Haven, Conn., and a Master of Business Administration degree from the University of Alabama.

Coleman has served on the board of directors for the Boys and Girls Clubs of Metro Atlanta, Midtown Alliance (Atlanta) and WorkSource DeKalb. He is a faculty member for the Advanced Economic Development Leadership (AEDL) program and has served on customer advisory councils for Oracle, Verizon and the Edison Electric Institute (EEI). Coleman is also a member of the 100 Black Men of Atlanta, the American Association of Blacks in Energy (AABE) and the Information Technology Senior Management Forum (ITSMF).

About CenterPoint Energy
As the only investor-owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Arkansas, Indiana, Louisiana, Minnesota, Mississippi, Ohio, Oklahoma and Texas. As of September 30, 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 9,600 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.

For more information contact
Media:
John Sousa
Phone  713.619.5143
Investors:
David Mordy
Phone  713.207.6500

SOURCE CenterPoint Energy, Inc.

CenterPoint Energy reports Q3 2020 earnings of $0.13 per diluted share; $0.34 diluted EPS on a guidance basis, with $0.29 diluted EPS from utility operations and $0.05 diluted EPS from midstream investments
  • Utilities led company with strong third quarter results
  • Raising 2020 Utility EPS guidance range to $1.12 - $1.20 and reiterating 5% - 7% Utility EPS guidance basis growth rate target
  • Third quarter 2020 GAAP results include after-tax non-cash impairment charges of $92 million or $0.15 per diluted share for the company's share of impairment charges recorded by Enable

Houston - Nov. 5, 2020 - CenterPoint Energy, Inc. (NYSE: CNP) today reported income available to common shareholders of $69 million, or $0.13 per diluted share, for the third quarter of 2020, compared to income available to common shareholders of $241 million, or $0.47 per diluted share, for the third quarter of 2019. The third quarter 2020 results included after-tax non-cash impairment charges of $92 million or $0.15 per diluted share for the company's share of impairment charges recorded by Enable Midstream Partners, LP ("Enable").

On a guidance basis, third quarter 2020 earnings were $0.34 per diluted share, with $0.29 per diluted share from utility operations, and $0.05 per diluted share from midstream investments, excluding non-cash impairment charges. Third quarter 2019 earnings, on a guidance basis, were $0.47 per diluted share, with $0.39 per diluted share from utility operations and $0.08 per diluted share from midstream investments. See "Reconciliation of Consolidated income (loss) available to common shareholders and diluted earnings (loss) per share (GAAP) to guidance basis income and guidance basis diluted earnings per share (Non-GAAP)" and "Earnings Outlook and Non-GAAP Considerations" below.

"Our strong third quarter results confirm our commitment to delivering value for our customers and shareholders," said Dave Lesar, President and Chief Executive Officer of CenterPoint Energy. "Given the strength of our results, we are raising our 2020 guidance basis Utility EPS range to $1.12 - $1.20."

Lesar added, "We also recently concluded the work of the Business Review and Evaluation Committee of the Board. We are eager to share our strategy and invite investors to join management for a virtual Investor Day on December 7, 2020."

"During our Investor Day, we will highlight our updated long-term annual rate base growth projection of approximately 10%. This rate base growth is central to our strategy to deliver consistent year-over-year earnings growth to investors and improve service to our customers. The projected additional capital expenditures driving this 10% annual rate base growth not only put us in a position to reiterate our 5% - 7% five-year guidance basis Utility EPS annual growth target, but gives us confidence in being able to deliver results at the top end of that range. I remain greatly energized about CenterPoint Energy's future and will continue to work tirelessly to drive maximum value for all of our stakeholders."

Earnings Outlook and Non-GAAP Considerations

To provide greater transparency on utility earnings, 2020 guidance will be presented in two components, a guidance basis Utility EPS range and a Midstream Investments EPS expected range.

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 guidance basis income and guidance basis diluted earnings per share, which are non-GAAP financial measures.  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 guidance basis earnings per share. Management believes that presenting these non-GAAP financial measures enhances an investor's understanding of CenterPoint Energy's overall financial performance, including the impact of its Enable investment, 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 guidance basis income and guidance basis diluted earnings per share non-GAAP financial 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 Houston Electric, Indiana Electric and Natural Gas Distribution segments, as well as after tax Corporate and Other operating income.
  • The 2020 Utility EPS guidance range reflects dilution and earnings as if the Series C preferred stock were issued as common stock.
  • The Utility EPS guidance excludes:
    • Earnings or losses from the change in value of ZENS and related securities
    • Certain expenses associated with merger integration and Business Review and Evaluation Committee activities
    • Severance costs
    • Results related to Infrastructure Services and Energy Services, including costs and impairment resulting from the sale of those businesses
    • Midstream Investments and allocation of associated corporate overhead

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 2020 Utility EPS guidance range also considers operations performance to date and assumptions for certain significant variables that may impact earnings, such as customer growth (above 2% for electric operations and 1% for natural gas distribution) and usage including normal weather, throughput, recovery of capital invested, effective tax rates, financing activities and related interest rates, regulatory and judicial proceedings, and anticipated cost savings as a result of the merger. In addition, the Utility EPS guidance range incorporates a full-year COVID-19 scenario range of $0.10 - $0.15 which assumes reduced demand levels and miscellaneous revenues with the second quarter as the peak and reflects anticipated deferral and recovery of certain incremental expenses, including bad debt. The COVID-19 scenario range also assumes a gradual re-opening of the economy in CenterPoint Energy's service territories, with anticipated reduced demand and lower miscellaneous revenues over the remainder of 2020. The 2020 Utility EPS guidance range also assumes an allocation of corporate overhead based upon its relative earnings contribution. Corporate overhead consists of interest expense, preferred stock dividend requirements, income on Enable preferred units and other items directly attributable to the parent along with the associated income taxes. CenterPoint Energy is unable to present a quantitative reconciliation of forward-looking guidance basis 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

The 2020 Midstream Investments EPS expected range is $0.15 - $0.18. In providing this EPS expected range for Midstream Investments, CenterPoint Energy assumes a 53.7 percent ownership of Enable's common units and includes the amortization of its basis differential in Enable and assumes an allocation of its corporate overhead based upon Midstream Investments relative earnings contribution. The Midstream Investments EPS expected range reflects dilution and earnings as if CenterPoint Energy's Series C preferred stock were issued as common stock. The Midstream Investments EPS expected range takes into account such factors as Enable's most recent public outlook for 2020 dated November 4, 2020, and effective tax rates. In providing this 2020 guidance, CenterPoint Energy uses a non-GAAP measure of guidance basis diluted earnings per share that does not consider other potential impacts such as changes in accounting standards, impairments or Enable's unusual items, which could have a material impact on GAAP reported results for the applicable guidance period.  CenterPoint Energy is unable to present a quantitative reconciliation of forward looking guidance basis diluted earnings per share because changes in Enable's outlook, future impairments related to Midstream Investments or Enable's unusual items are not estimable and are difficult to predict due to various factors outside of CenterPoint Energy 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, 2020. 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, November 5, 2020, 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 September 30, 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 9,600 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, but not limited to the impact of COVID-19, including with respect to regulatory actions and the COVID-19 scenario range discussed in this news release, the Business Review and Evaluation Committee's review process and outcomes, value creation, opportunities and expectations 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) CenterPoint Energy's expected benefits of the merger with Vectren Corporation (Vectren) and integration, including the ability to successfully integrate the Vectren businesses and to realize anticipated benefits and commercial opportunities;

(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 future regulatory and legal proceedings; (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; (11) changes in business plans; (12) CenterPoint Energy's ability to fund and invest planned capital, including timely and appropriate rate actions that allow recovery of costs and a reasonable return on investment; (13) CenterPoint Energy's or Enable's potential business strategies and strategic initiatives, including the recommendations and outcomes of the Business Review and Evaluation Committee, restructurings, joint ventures and acquisitions or dispositions of assets or businesses, 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 Annual Report on Form 10-K for the fiscal year ended December 31, 2019, CenterPoint Energy's Quarterly Report on Form 10-Q for the quarters ended March 31, 2020, June 30, 2020 and September 30, 2020, 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.

CenterPoint Energy issues 2020 Corporate Responsibility Report and 2019 GRI Index

HOUSTON, Nov. 4, 2020 - CenterPoint Energy, Inc. (NYSE: CNP) today announced the release of its 2020 Corporate Responsibility Report, We Deliver Responsibility, which focuses on the company's environmental, social and governance (ESG) commitments. The report discusses how CenterPoint Energy engages with stakeholders, approaches leadership and governance, builds strong communities, delivers reliable electricity and natural gas and invests in a clean energy future.

"CenterPoint Energy strives to honor our commitments to safely and reliably deliver essential energy needs to our communities in a sustainable manner," said Angila Retherford, Vice President, Environmental and Corporate Responsibility. "The first combined sustainability report and GRI Index published since the company merged with Vectren in 2019 explains how we deliver on responsibility through our commitment to leadership, sustainability, safety and inclusion."

The company is building on ESG commitments, as reflected by the following highlights:

  • Environmental: Through CenterPoint Energy's new carbon policy, the company's goal is to reduce operational emissions by 70% by 2035 and emissions attributable to natural gas usage in heating appliances and equipment within the residential and commercial sectors by 20-30% by 2040. These reduction goals are based on 2005 emission levels.
  • Social: The company responded immediately to COVID-19, implementing enhanced safety protocols and providing personal protective equipment for employees to guard the health of employees and customers when necessary to enter customers' residences or facilities. The essential services of electricity and natural gas continued for customers as demonstrated by an extremely dedicated workforce. The CenterPoint Energy Foundation contributed $1.5 million to nonprofit organizations, agencies and causes committed to supporting those disproportionately impacted by COVID-19.
  • Governance: CenterPoint Energy is focusing on sustainable, long-term actions that build on its diversity and inclusion vision and position. The company established a Diversity and Inclusion Council that provides governance and oversight on diversity and inclusion efforts and drives companywide communication. CenterPoint Energy is committed to advancing diversity and inclusion to support colleagues, customers, contractors, suppliers and community members, regardless of race, gender, color, sexual orientation, age, religion, or physical or mental disability, so they have an equal opportunity to thrive.

The report follows the Global Reporting Initiative (GRI) framework and has been prepared in accordance with the GRI Standards: Core option. The associated 2019 GRI Index is available at www.CenterPointEnergy.com/Responsibility.

The company has also disclosed information using the Sustainability Accounting Standards Board (SASB) standards and incorporated both the American Gas Association's (AGA) and Edison Electric Institute's (EEI) Version 2 ESG template into its annual sustainability reporting activities.

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 carbon emissions reduction goals and diversity and inclusion initiatives, and any other statements that are not historical facts are forward-looking statements. Each forward-looking statement contained in this news release speaks only as of the date of this release. Important factors that could cause actual results to differ materially from those indicated by the provided forward-looking information include risks and uncertainties relating to: (1) the impact of COVID-19; (2) financial market conditions; (3) general economic conditions; (4) the timing and impact of future regulatory and legislative decisions; (5) effects of competition; (6) weather variations; (7) changes in business plans; and (8) other factors, risks and uncertainties discussed in CenterPoint Energy's Annual Report on Form 10-K for the fiscal year ended December 31, 2019, CenterPoint Energy's Quarterly Reports on Form 10-Q for the quarters ended March 31, 2020 and June 30, 2020 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 June 30, 2020, the company owned approximately $32 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 9,600 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years.

For more information, visit CenterPointEnergy.com. For additional updates, follow CenterPoint Energy on Facebook and Twitter.

For more information, contact
Media: Natalie Hedde, Phone  812.491.5105
Investors: David Mordy, Phone  713.207.6500

SOURCE CenterPoint Energy, Inc.