CenterPoint Energy reports full-year 2018 earnings of $0.74 per diluted share; $1.60 earnings per diluted share on a guidance basis, excluding impacts associated with the merger
2019-02-28T06:00:00Z

Houston – Feb. 28, 2019 - CenterPoint Energy, Inc. (NYSE: CNP) today reported full-year income available to common shareholders of $333 million, or $0.74 per diluted share, compared with $1,792 million, or $4.13 per diluted share in 2017.

On a guidance basis, full-year 2018 earnings were $1.60 per diluted share, excluding impacts associated with the Vectren merger (the merger). Full-year 2017 earnings, on a guidance basis, were $1.37 per diluted share, excluding a one-time tax benefit of $1,113 million related to the Tax Cuts and Jobs Act (TCJA) federal income tax rate reduction.

Fourth quarter 2018 earnings were $0.18 per diluted share, compared to $2.99 per diluted share for the fourth quarter of 2017. On a guidance basis, fourth quarter 2018 earnings were $0.36 per diluted share, excluding impacts associated with the merger. Excluding the TCJA tax benefit, on a guidance basis, fourth quarter 2017 earnings were $0.33 per diluted share.

“I am very pleased with our 2018 results as they represent another solid year of meeting the financial goals we set,” said Scott M. Prochazka, president and chief executive officer of CenterPoint Energy. “Our recently completed merger expands our utility businesses to eight states, provides opportunities to leverage and expand our competitive energy businesses across a larger U.S. footprint, and gives us greater confidence in putting forward long-term financial targets.”

Business Segments

Electric Transmission & Distribution

The electric transmission & distribution segment reported full-year 2018 operating income of $623 million, consisting of $568 million from the regulated electric transmission and distribution utility operations (TDU) and $55 million related to securitization bonds. Operating income for 2017 was $636 million, consisting of $561 million from the TDU and $75 million related to securitization bonds.

Operating income for the TDU benefited primarily from rate relief, customer growth and higher equity return related to the annual true-up of transition charges. These benefits were partially offset by higher operation and maintenance expenses, lower revenues reflecting the lower federal corporate income tax rate due to the TCJA, and higher depreciation and amortization expense.

The retrospective adoption of the accounting standard for compensation-retirement benefits (ASU 2017-07) resulted in an increase to TDU operating income and a corresponding decrease to other income of $26 million for 2017.

Natural Gas Distribution

The natural gas distribution segment reported full-year 2018 operating income of $266 million, compared with $348 million in 2017.

Full-year 2018 operating income for natural gas distribution improved primarily as a result of rate relief and customer growth. These increases were more than offset by lower revenues reflecting the lower federal corporate income tax rate due to the TCJA, higher operation and maintenance expenses and higher depreciation and amortization expense.

The retrospective adoption of ASU 2017-07 resulted in an increase to natural gas distribution operating income and a corresponding decrease to other income of $20 million for 2017.

Energy Services

The energy services segment reported a full-year operating loss of $47 million, which included a mark-to-market loss of $110 million, compared with operating income of $126 million for 2017, which included a mark-to-market gain of $79 million. Excluding mark-to-market adjustments, operating income was $63 million in 2018 compared to $47 million in 2017. Operating income increased primarily due to improved margin and volumes. This increase was partially offset by higher operation and maintenance expenses primarily associated with growth.

Midstream Investments

The midstream investments segment reported full-year 2018 equity income of $307 million, compared with $265 million in 2017.

Other Operations

The other operations segment reported an operating loss of $11 million for full-year 2018, compared with operating income of $26 million in 2017. This decrease is primarily due to merger-related costs.

Earnings Outlook

  • 2018 - 2023 target of 5 - 7% compound annual guidance basis EPS growth, using $1.60 as the starting EPS
  • 2019 guidance basis EPS range of $1.60 - $1.70, excluding certain impacts associated with the merger:
    • Integration and transaction-related fees and expenses, including severance and other costs to achieve anticipated cost savings as a result of the merger
    • Merger financing impacts in January, prior to the completion of the merger, due to the issuance of debt and equity securities to fund the merger that resulted in higher net interest expense and higher common stock share count
    • 2020 guidance basis EPS range of $1.75 - $1.90

Both the 2019 and 2020 guidance ranges consider operations performance to date and assumptions for certain significant variables that may impact earnings, such as customer growth (approximately 2% for electric operations and 1% for natural gas distribution) and usage including normal weather, throughput, commodity prices, recovery of capital invested through rate cases and other rate filings, effective tax rates, financing activities and related interest rates, and regulatory and judicial proceedings as well as the volume of work contracted in our infrastructure services business. The ranges also consider anticipated cost savings as a result of the merger and the estimated cost and timing of technology integration projects. The 2019 guidance range assumes Enable Midstream Partners, LP’s (Enable) 2019 guidance range for net income attributable to common units of $435 - $505 million, provided on Enable’s 4th quarter earnings call on February 19, 2019. The 2020 guidance range utilizes a range of CenterPoint Energy scenarios for Enable’s 2020 net income attributable to common units.

In providing this guidance, CenterPoint Energy uses a non-GAAP measure of adjusted diluted earnings per share that does not consider other potential impacts, such as changes in accounting standards or unusual items, including those from Enable, earnings or losses from the change in the value of the ZENS securities and the related stocks, or the timing effects of mark-to-market accounting in the company’s Energy Services business, which, along with the certain excluded impacts associated with the merger, 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 adjusted diluted earnings per share because changes in the value of ZENS and related securities and mark-to-market gains or losses resulting from the company’s Energy Services business are not estimable as they are highly variable and difficult to predict due to various factors outside of management’s control.

Filing of Form 10-K for CenterPoint Energy, Inc.

Today, CenterPoint Energy, Inc. filed with the Securities and Exchange Commission (SEC) its Annual Report on Form 10-K for the fiscal year ended December 31, 2018. A copy of that report is available on the company’s website, under the Investors section. Other filings the company makes with the SEC and certain documents relating to its corporate governance can also be found under the Investors section.

Webcast of Earnings Conference Call

CenterPoint Energy’s management will host an earnings conference call on Thursday, February 28, 2019, at 9:00 a.m. Central time/10:00 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.

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 54.0 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 $30 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 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.

Risks Related to CenterPoint Energy

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 performance of Enable Midstream Partners, LP (Enable), the amount of cash distributions CenterPoint Energy receives from Enable, Enable’s ability to redeem the Enable Series A Preferred Units in certain circumstances and the value of CenterPoint Energy’s interest in Enable, and factors that may have a material impact on such performance, cash distributions and value, including factors such as: (A) competitive conditions in the midstream industry, and actions taken by Enable’s customers and competitors, including the extent and timing of the entry of additional competition in the markets served by Enable; (B) the timing and extent of changes in the supply of natural gas and associated commodity prices, particularly prices of natural gas and natural gas liquids (NGLs), the competitive effects of the available pipeline capacity in the regions served by Enable, and the effects of geographic and seasonal commodity price differentials, including the effects of these circumstances on re-contracting available capacity on Enable’s interstate pipelines; (C) the demand for crude oil, natural gas, NGLs and transportation and storage services; (D) environmental and other governmental regulations, including the availability of drilling permits and the regulation of hydraulic fracturing; (E) recording of goodwill, long-lived asset or other than temporary impairment charges by or related to Enable; (F) changes in tax status; and (G) access to debt and equity capital; (2) CenterPoint Energy’s expected benefits of the merger with Vectren Corporation (Vectren) and integration, including the outcome of shareholder litigation filed against Vectren that could reduce anticipated benefits of the merger, as well as the ability to successfully integrate the Vectren businesses and realize anticipated benefits and the risk that the credit ratings of the combined company or its subsidiaries may be different from what CenterPoint Energy expects; (3) industrial, commercial and residential growth in CenterPoint Energy’s service territories and changes in market demand, including the demand for CenterPoint Energy’s non-utility products and services and effects of energy efficiency measures and demographic patterns; (4) timely and appropriate rate actions that allow recovery of costs and a reasonable return on investment, including Houston Electric’s anticipated rate case in 2019, the outcome of which may not result in expected rates or recovery of costs; (5) future economic conditions in regional and national markets and their effect on sales, prices and costs; (6) weather variations and other natural phenomena, including the impact of severe weather events on operations and capital; (7) state and federal legislative and regulatory actions or developments affecting various aspects of CenterPoint Energy’s and Enable’s businesses, including, among others, energy deregulation or re-regulation, pipeline integrity and safety and changes in regulation and legislation pertaining to trade, health care, finance and actions regarding the rates charged by our regulated businesses; (8) tax legislation, including the effects of the comprehensive tax reform legislation informally referred to as the Tax Cuts and Jobs Act (which includes any potential changes to interest deductibility) and uncertainties involving state commissions’ and local municipalities’ regulatory requirements and determinations regarding the treatment of excess deferred income taxes and CenterPoint Energy’s rates; (9) CenterPoint Energy’s ability to mitigate weather impacts through normalization or rate mechanisms, and the effectiveness of such mechanisms; (10) the timing and extent of changes in commodity prices, particularly natural gas, and the effects of geographic and seasonal commodity price differentials; (11) actions by credit rating agencies, including any potential downgrades to credit ratings; (12) changes in interest rates and their impact on CenterPoint Energy’s costs of borrowing and the valuation of its pension benefit obligation; (13) problems with regulatory approval, construction, implementation of necessary technology or other issues with respect to major capital projects that result in delays or in cost overruns that cannot be recouped in rates; (14) the availability and prices of raw materials and services and changes in labor for current and future construction projects; (15) local, state and federal legislative and regulatory actions or developments relating to the environment, including those related to global climate change; (16) the impact of unplanned facility outages; (17) any direct or indirect effects on CenterPoint Energy’s or Enable’s facilities, operations and financial condition resulting from terrorism, cyber-attacks, data security breaches or other attempts to disrupt CenterPoint Energy’s businesses or the businesses of third parties, or other catastrophic events such as fires, earthquakes, explosions, leaks, floods, droughts, hurricanes, pandemic health events or other occurrences; (18) CenterPoint Energy’s ability to invest planned capital and the timely recovery of CenterPoint Energy’s investments; (19) CenterPoint Energy’s ability to control operation and maintenance costs; (20) the sufficiency of CenterPoint Energy’s insurance coverage, including availability, cost, coverage and terms and ability to recover claims; (21) the investment performance of CenterPoint Energy’s pension and postretirement benefit plans; (22) commercial bank and financial market conditions, CenterPoint Energy’s access to capital, the cost of such capital, and the results of CenterPoint Energy’s financing and refinancing efforts, including availability of funds in the debt capital markets; (23) changes in rates of inflation; (24) inability of various counterparties to meet their obligations to CenterPoint Energy; (25) non-payment for CenterPoint Energy’s services due to financial distress of its customers; (26) the extent and effectiveness of CenterPoint Energy’s and Enable’s risk management and hedging activities, including but not limited to, financial and weather hedges and commodity risk management activities; (27) timely and appropriate regulatory actions, which include actions allowing securitization, for any future hurricanes or natural disasters or other recovery of costs, including costs associated with Hurricane Harvey; (28) CenterPoint Energy’s or Enable’s potential business strategies and strategic initiatives, including restructurings, joint ventures and acquisitions or dispositions of assets or businesses (including a reduction of CenterPoint Energy’s interests in Enable, if any, whether through CenterPoint Energy’s decision to sell a portion of the Enable common units it owns in the public equity markets or otherwise, subject to certain limitations), which CenterPoint Energy and Enable cannot assure will be completed or will have the anticipated benefits to CenterPoint Energy or Enable; (29) acquisition and merger activities involving CenterPoint Energy or its competitors, including the ability to successfully complete merger, acquisition and divestiture plans; (30) CenterPoint Energy’s or Enable’s ability to recruit, effectively transition and retain management and key employees and maintain good labor relations; (31) the outcome of litigation; (32) the ability of retail electric providers (REPs), including REP affiliates of NRG Energy, Inc. and Vistra Energy Corp., formerly known as TCEH Corp., to satisfy their obligations to CenterPoint Energy and its subsidiaries; (33) changes in technology, particularly with respect to efficient battery storage or the emergence or growth of new, developing or alternative sources of generation; (34) the timing and outcome of any audits, disputes and other proceedings related to taxes; (35) the effective tax rates; (36) the effect of changes in and application of accounting standards and pronouncements; and (37) other factors discussed in CenterPoint Energy’s Annual Report on Form 10-K for the fiscal year ended December 31, 2018 and other reports CenterPoint Energy or its subsidiaries may file from time to time with the Securities and Exchange Commission.

Use of Non-GAAP Financial Measures by CenterPoint Energy in Providing Guidance

In addition to presenting its financial results in accordance with generally accepted accounting principles (GAAP), including presentation of income available to common shareholders and diluted earnings per share, CenterPoint Energy also provides guidance based on adjusted income and adjusted 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. CenterPoint Energy’s adjusted income and adjusted diluted earnings per share calculation excludes from income available to common shareholders and diluted earnings per share, respectively, the impact of ZENS and related securities and mark-to-market gains or losses resulting from the company’s Energy Services business. CenterPoint Energy’s guidance for 2019 also does not reflect certain impacts associated with the Vectren merger, which are integration and transaction-related fees and expenses, including severance and other costs to achieve anticipated cost savings as a result of the merger and merger financing impacts in January, prior to the completion of the merger due to the issuance of debt and equity securities to fund the merger that resulted in higher net interest expense and higher common stock share count. CenterPoint Energy is unable to present a quantitative reconciliation of forward looking adjusted net income and adjusted diluted earnings per share because changes in the value of ZENS and related securities and mark-to-market gains or losses resulting from the company’s Energy Services business are not estimable as they are highly variable and difficult to predict due to various factors outside of management’s control. These excluded items, along with the excluded impacts associated with the merger, could have a material impact on GAAP reported results for the applicable guidance period.

Management evaluates the company’s financial performance in part based on adjusted income and adjusted diluted 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 does 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 adjusted income and adjusted 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.

 Recent News

 

 
CenterPoint Energy Activates Emergency Operations Center to Prepare for Potential Impacts from Tropical Depression 2 as Early as Thursday

National Hurricane Center forecasts Tropical Depression 2 to potentially bring impacts to the southeast Texas coast later this week and weekend

Actions CenterPoint Energy is taking to prepare include monitoring weather conditions 24/7, inspecting power lines, clearing high-risk vegetation, and coordinating with emergency partners.

Customers urged to sign up for Power Alert Service® to get latest updates about their service, activate safety plans, and prepare now for heavy precipitation and high winds.​

​HOUSTON — July 20, 2026 — Today, CenterPoint Energy activated its Emergency Operations Center and is taking a series of actions to prepare for potential impacts of Tropical Depression 2, which is forecast to potentially bring impacts to the southeast Texas coast later this week and weekend. As of 12:00 p.m. today, Tropical Depression 2 is expected to bring winds of 30-40 mph and isolated locally heavy rainfall primarily along the coast.

With the storm approaching, CenterPoint is urging all customers to enroll in Power Alert Service® to receive important updates about their gas and electric service via text, email or phone calls, including outage details and estimated restoration times. 

“Our CenterPoint Energy team is taking action and we are prepared to respond to potential impacts to our system from Tropical Depression 2. We have activated our Emergency Operations Center as we continue closely monitoring active weather along the Gulf Coast. With the storm forecast to reach Greater Houston by Friday, if any weather-related outages occur, our crews will be ready to respond and restore power safely and as quickly as possible. We urge customers to stay aware of evolving weather conditions and have a plan to stay safe," said Nathan Brownell, CenterPoint's Vice President, Resilience and Capital Delivery and Incident Commander.

CenterPoint's Emergency Preparedness Actions

To support its Greater Houston customers and communities, CenterPoint continues taking the following actions to prepare for Tropical Depression 2:

  • Activating Emergency Operations Center: Preparing for potential storm impacts and coordinating local preparedness efforts. 
  • Inspecting and testing critical electrical equipment: Inspecting power lines and electric substations across the Greater Houston area and conducting repairs as needed.
  • Trimming and removing high-risk vegetation: Deploying crews and contract personnel to inspect and clear hazardous vegetation from power lines to prepare for potential high winds and precipitation.
  • ​ Keeping customers informed: Providing information directly to customers via email, phone, text or other channels to keep them informed and prepared.  
  • ​ Conducting outreach to critical care customers: Reaching out to identified Critical Care Residential and Chronic Condition Residential electric customers by email, phone and/or text to make them aware of the potential for storm-related outages.
  • Coordinating with government officials: Providing regular updates to federal, state, county and city officials regarding preparedness activities.
  • Providing operational updates for customers and communities: Sharing important information updates about CenterPoint's preparation activities and readiness posture daily.

Emergency Communications: Sign Up for Power Alert Service®

In preparation for Tropical Depression 2, CenterPoint is encouraging its customers to enroll in Power Alert Service® to receive outage details, estimated restoration times and customer-specific restoration updates via phone call, text or email. As part of CenterPoint's overall emergency communications efforts, customers can stay up to date on local outages with CenterPoint's cloud-based Outage Tracker, available in English and Spanish, which allows customers to see outages and restoration times by county, city and zip code.

Emergency Preparations: What Customers Can Do to Stay Safe

To help ensure their safety, CenterPoint is encouraging all its customers and their families to prepare in advance for extreme weather by having a safety plan ready, especially those who rely on electricity for life-sustaining equipment or medical needs. Customers can find specific safety tips to help them prepare at CenterPointEnergy.com/ActionCenter or at Ready.gov.

For the latest updates, follow CenterPoint on social media and visit CenterPointEnergy.com/ActionCenter.

About CenterPoint Energy, Inc. 
As the only investor owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Indiana, Minnesota, Ohio and Texas. As of March 31, 2026, the company owned approximately $47.8 billion in assets. With approximately 8,800 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.

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CenterPoint Energy Closely Monitoring Tropical Depression 2 and Taking Actions to Prepare Ahead of Potential Impacts across Greater Houston

​​To help keep its customers and communities safe, CenterPoint is actively monitoring evolving weather conditions and National Hurricane Center forecasts, taking action by deploying its hurricane/summer storm readiness plans, and coordinating with local officials

Customers urged to sign up for Power Alert Service® to get latest updates about their service, activate safety plans and prepare now for heavy precipitation and high winds which could impact parts of the Greater Houston area as soon as Thursday or Friday.​

HOUSTON — July 19, 2026 — To support its customers and communities, CenterPoint Energy is taking precautionary safety actions including closely monitoring weather conditions and deploying its hurricane/summer storm readiness plans to prepare for Tropical Depression 2. As of 12:00 PM today, the National Hurricane Center upgraded the weather disturbance to a Tropical Depression and expects further upgrades to potentially a Tropical Storm by Monday or Tuesday, with impacts to the Greater Houston area as soon as Thursday. With the storm approaching, CenterPoint urges all customers to register to receive important service-related updates via text, email, or phone call through Power Alert Service®.

“Our teams have been monitoring this weather system for several days and we are taking actions to support our customers ahead of the forecasted Tropical Depression impacts, including continuing to monitor conditions, deploying our readiness plans to be prepared to restore power safely and as quickly as possible. We encourage all customers across the Greater Houston area to prepare and stay safe in anticipation of quickly changing weather conditions," said Nathan Brownell, CenterPoint's Vice President, Resilience and Capital Delivery and Incident Commander.

CenterPoint's Key Preparedness Actions
In preparation for the forecasted Tropical system, CenterPoint has taken a series of safety and readiness actions, including:

  • Actively monitoring weather: Closely monitoring National Hurricane Center forecasts and evolving weather conditions that could impact Texas.
  • Deploying hurricane/summer storm readiness plans: reviewing personnel and equipment needs based on potential storm impacts.
  • Inspecting and testing critical electrical equipment: Inspecting power lines and electric substations across the Greater Houston area and conducting repairs as needed.
  • Trimming and removing high-risk vegetation: Deploying crews and contract personnel to inspect and clear hazardous vegetation from power lines to prepare for potential high winds and precipitation.
  • Coordinating with government officials: Providing regular updates to federal, state, county and city officials regarding preparedness activities.
  • Communicating proactively with customers: Providing safety and preparedness information directly with customers via email, phone, and text, across social media platforms and other channels to keep customers informed and prepared.

 
If the risk of landfall increases, CenterPoint will activate its Emergency Operations Center and stage additional frontline workers and mutual aid personnel in strategic locations to be ready to restore service to impacted customers safely and as quickly as possible.
 
Emergency Communications: Sign Up for Power Alert Service®
To help prepare for the impact of Tropical Depression 2, CenterPoint is encouraging its customers to enroll in Power Alert Service® to receive outage details, estimated restoration times and customer-specific restoration updates via phone call, text, or email. As part of CenterPoint's overall emergency communications efforts, customers can stay up to date on local outages with CenterPoint's cloud-based Outage Tracker, available in English and Spanish, which allows customers to see outages and restoration times by county, city, and ZIP code.
 
Emergency Preparations: What Customers Can Do to Stay Safe
CenterPoint urges the public to put their safety first and prepare in advance for extreme weather, including hurricanes, by having a safety plan ready, especially for those who rely on electricity for life-sustaining equipment or medical needs. Customers can find safety tips to help them prepare at CenterPointEnergy.com/ActionCenter or at Ready.gov.

For the latest updates, follow CenterPoint on social media and visit CenterPointEnergy.com/ActionCenter.

About CenterPoint Energy, Inc.

As the only investor owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Indiana, Minnesota, Ohio and Texas. As of March 31, 2026, the company owned approximately $47.8 billion in assets. With approximately 8,800 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com


CenterPoint Energy Foundation awards $350,000 in energy efficiency grants to southwestern Indiana nonprofits to help reduce costs

Fourteen local grant recipients include the Tri-State Food Bank, Vanderburgh County CASA and the Vanderburgh County Humane Society, among others 

Grants are part of CenterPoint Energy Foundation's $5 million Community Energy Improvement Fund, which to date has provided $2.5 million in funding to CenterPoint Hoosier customers

EVANSVILLE, Ind. – July 16, 2026 – Today, the CenterPoint Energy Foundation awarded $350,000 in matching grants to 14 local nonprofit organizations across southwestern Indiana to support energy efficiency improvements at their facilities. The matching grants announced today are part of a series of Community Affordability Actions CenterPoint launched last year to support its southwestern Indiana customers, including the CenterPoint Energy Foundation's $5 million Community Energy Improvement Fund, which to date has provided $2.5 million in funding to CenterPoint Energy's residential, small business, local retail and restaurant and nonprofit customers.

"All of us at CenterPoint are committed to prioritizing affordability and supporting the local nonprofits at the heart of our communities. These grants will help empower these nonprofit organizations, to make upgrades that reduce expenses, improve operational efficiency and increase their ability to deliver critical services to our communities," said Mike Roeder, President of CenterPoint Energy Indiana.

In addition to the matching grant funds, CenterPoint Energy will provide each grantee with a facility assessment and a 10-year energy efficiency improvement roadmap, expert guidance and educational webinars to help staff manage energy use over time and further reduce costs for the organizations. By reducing energy usage and lowering operating costs, these improvements will help local organizations dedicate more resources to serving the communities that rely on them. The grants reflect CenterPoint's continued commitment to prioritizing affordability for the Hoosier customers it serves.

Supporting Southwestern Indiana Nonprofits
The nonprofit grantees – each awarded up to $25,000 in matching grants for critical facility improvements, such as HVAC replacements, lighting upgrades and building efficiency enhancements – include:

  • Ark Crisis Children's Center
  • Community Action Program of Evansville
  • Encountering Hope Ministries, Inc. (Hope Central)
  • Evansville Christian Life Center
  • Holly's House, Inc.
  • Joshua Academy Charter School
  • Lampion Center
  • Potters Wheel Inc.
  • Reitz Home Preservation Society, Inc.
  • The Salvation Army of Evansville
  • The Way of Rockport Indiana, Inc.
  • Tri-State Food Bank, Inc.
  • Vanderburgh County CASA, Inc.
  • Vanderburgh County Humane Society, Inc.

“As a nonprofit, reducing energy costs allows us to redirect resources to our family services rather than building operations. Every dollar saved is a dollar that can be reinvested into supporting children and families and expanding our capacity to make a positive difference in the community," said Sarah Reis, Executive Director of Vanderburgh County CASA. 

CenterPoint Energy Announces “Emergency Preparedness Week”

Week-long awareness effort to highlight emergency resources, tools and safety tips to help customers be ready throughout hurricane season

Customers will be encouraged to enroll in Power Alert Service® to stay informed during severe weather and emergency events

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HOUSTON – July 14, 2026 – CenterPoint Energy today announced the launch of “Emergency Preparedness Week" to help raise customers' awareness of an array of vital emergency resources, storm safety tips and enhanced communication tools. As part of the week-long effort, which will include a social media campaign and direct outreach to customers, CenterPoint will also be encouraging its 2.9 million customers across the Greater Houston area to update their emergency plans, enroll in Power Alert Service® (PAS) to receive timely alerts about extreme weather, outages and restoration efforts, and visit the company's Action Center website to learn about other ways to be ready for emergencies.

“Extreme weather, hurricanes and emergency events can happen at any time, and we want all our customers and their families to be better prepared. Whether it is updating their emergency plan, enrolling in PAS or taking other safety steps, we all must work together to be ready before storms strike," said Raja Subramanian, Vice President and Chief Customer Officer.

Emergency Preparedness Week: Actions to Be Highlighted
During Emergency Preparedness Week, CenterPoint will be highlighting an array of tools, resources and tips available to help customers be prepared before the next emergency strikes, including:

  • Signing up for Power Alert Service: Enroll to receive free alerts by phone call, text or email about outages, restoration and storm response efforts. Customers can also add up to 15 family and friends to receive alerts for the customers' address.
  • Using CenterPoint's Outage Tracker: View the most up-to-date outage and restoration information by address and report outages.
  • Exploring Emergency Partner Resources: Find additional support through the United Way 211 Helpline, which connects customers with the help they need through a comprehensive database of social services, and the State of Texas Emergency Assistance Registry (STEAR) program, a free registry to let local emergency responders know if you or a loved one require extra assistance in an emergency.
  • Preparing an Emergency Plan and Supply Kit: Create an emergency safety plan and prepare a week's worth of supplies for your home, including bottled water, non-perishable food, a first aid kit and extra batteries.
  • Avoiding Downed Lines: Stay at least 35 feet away from downed power lines and always assume they are still energized.
  • Reporting Gas Leaks: If you smell gas, leave the area immediately on foot, and call CenterPoint at 713-659-2111.

For more information and emergency preparedness tips and resources, follow CenterPoint Energy on social media and visit CenterPointEnergy.com/ActionCenter.

About CenterPoint Energy, Inc. 

As the only investor owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Indiana, Minnesota, Ohio and Texas. As of March 31, 2026, the company owned approximately $47.8 billion in assets. With approximately 8,800 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.

CenterPoint Energy Indiana Highlights Ongoing Commitment to Customer Affordability in Open Letter to Customers and Stakeholders

​Open letter outlines series of affordability actions, including commitment to keeping rates stable for two years, $5 million Community Energy Improvement Fund, bill adjustments and other critical steps 

Company stresses importance of prioritizing customer affordability, investing in resiliency and economic growth vital to ensuring $250 million in future customer energy savings 

Evansville, Ind. – July 14, 2026 – Today, CenterPoint Energy Indiana released an open letter on its ongoing commitment to affordability addressed to customers and stakeholders, including state and local elected leaders, the Indiana Utility Regulatory Commission, the Office of Utility Consumer Counselor, and other community stakeholders. In the open letter, CenterPoint outlined the series of affordability actions it has taken since last year, including: a commitment to keep rates stable through 2027, and a series of bill adjustments and credits to offset October 2025 rate increases. CenterPoint also outlined its public initiatives to raise awareness on programs, tips, and tools available to help customers save energy and money, as well hundreds of millions of dollars in future customer savings possible as additional capacity is added to the local grid.

“Energy affordability is very important to our customers and our CenterPoint Indiana team. We are committed to working alongside our state and local leaders, our regulator, and community stakeholders to continue to prioritize customer affordability and build on the actions we've already taken. Looking to the future, by working together and adding more capacity, we are excited by the real opportunity to save our customers hundreds of millions of dollars even as we build a more reliable and more resilient energy future for our Hoosier families," said Mike Roeder, President of CenterPoint Energy Indiana.

Action Taken: Prioritizing Customer Affordability
Since October 2025, CenterPoint Energy Indiana has taken a series of Community Affordability Actions, which include:

  • Two-year rate stability: Keeping rates stable through 2027, in part, by canceling nearly $1 billion in previously approved generation projects that had become non-economical, saving customers approximately $18 per month.
  • Offsetting October 2025 rate increase: Delivering a credit to residential customers by December 2025, through bill adjustments and credits, to offset rate changes that took effect in October 2025.
  • Voluntarily reduced company profits: Agreeing to lower its authorized return as part of the rate case approved by the IURC in February 2025.
  • Voluntarily eliminated profits on a retired power plant: Eliminating profits on an older, retired coal plant under recent state legislation, reducing customer cost impacts by approximately $5 per month since June 2023.
  • Fourteen years without a base rate case: Filing no formal base rate case requesting increases in electric base rates between 2009 and 2023.

Actions Taken: Bringing Support Directly to Southwestern Indiana Customers
CenterPoint has also launched a series of programs focused on reducing energy burdens and helping customers better manage their costs, including:

  • Customer Connect: Adding new in-person service options in downtown Evansville for customers to get account support, learn about and enroll in cost- and energy-saving programs, and pay their monthly bill.
  • Reduced Call Center Wait Times: Reducing call center wait times by 70% between May and June '26, resulting in wait times of less than one minute for CenterPoint Energy's Hoosier customers.
  • A $5 million Community Energy Improvement Fund: Supporting Hoosier customers through an array of weatherization, energy efficiency and community development projects.
  • The Home Repair & Care Program: Assisting eligible homeowners with energy-saving home improvements. To date, 80-plus households have received energy efficiency enhancements.
  • Optimize for Local: Providing up to $25,000 in matching grants to nine locally owned restaurants and retailers to help make energy efficiency improvements.
  • Optimize for Good: Helping 14 southwestern Indiana nonprofits save energy and costs through matching grants of up to $25,000 to make critical facilities improvements, enabling the organizations to dedicate more resources to serving the communities that rely on them.
  • No-Cost Smart Thermostats and Bill Credits: Expanding energy-efficiency offerings that include no-cost smart thermostats for eligible customers and a one-time bill credit of $75 for signing up for the Smart Cycle program and annual bill credits of up to $67.50 while enrolled.

Working Together: A Commitment to Continued Collaboration
In the letter to Indiana energy stakeholders, CenterPoint outlined the actions it continues taking to prioritize affordability now and in the future, including:

  • Maintaining its two-year rate stability commitment.
  • Supporting local economic development that will create thousands of new jobs, and lower energy costs and taxes for Hoosiers, while increasing funding for public services like schools and roads.
  • Expanding further its community assistance and energy-efficiency programs, including the Community Energy Improvement Fund initiatives.
  • Exploring additional affordability measures and bill assistance options, including a proactive rate design review in consultation with IURC staff and stakeholders.
  • Participating actively in affordability discussions and workshops at the local and state level.
  • Providing transparent updates on the outcomes of affordability and reliability investments.