CenterPoint Energy introduces Carbon Policy committing to reductions in emissions
Goals build on company's ongoing commitment to reduce carbon emissions and use innovative technology to transition toward a cleaner energy future
2020-03-02T06:00:00Z

HOUSTON, March 2, 2020 - Leading U.S. energy delivery company CenterPoint Energy (NYSE: CNP) today announced a goal to reduce its operational emissions by 70 percent by 2035 and emissions attributable to natural gas usage in heating, appliances and equipment within the residential and commercial sectors by 20 to 30 percent by 2040. The company's reduction goals are based on its 2005 emissions.

CenterPoint Energy logo. (PRNewsFoto)

With more than 7 million electric and natural gas metered customers across eight states, CenterPoint Energy is among the first energy delivery companies to make an emissions-reduction commitment across a multi-state footprint.

"CenterPoint Energy has a long history of environmental commitment and we are proud to be a leader in the transition to a cleaner energy future," said John W. Somerhalder II, CenterPoint's interim president and chief executive officer. "Further reductions in our carbon footprint aligns with this commitment, and we look forward to bringing new, innovative technologies to the emissions-reduction effort, while maintaining affordability, reliability and quality of life."

To achieve its reduction goals, CenterPoint Energy will focus on four areas:

  1. Partnering with customers to offer affordable conservation and energy efficiency programs;
  2. Continuing to develop alternative fuel programs;
  3. Collaborating with our suppliers to lower their methane emissions; and
  4. Piloting and supporting innovation.

CenterPoint Energy has invested in infrastructure modernization, as well as research and development projects in recent years to reduce emissions, including carbon capture technology, the piloting of renewable natural gas, and improved methods for identifying and eliminating methane leaks. These technologies span the lifecycle of natural gas and other energy production, from extraction to consumer use and beyond. CenterPoint Energy's commitment will also include providing more consumer choice for alternative transportation fuels and expanding electric vehicle infrastructure in Texas and Indiana.

"There are significant benefits to transitioning to cleaner energy beyond just environmental," said Angila Retherford, CenterPoint Energy's vice president of Environmental Affairs and Corporate Sustainability. "By investing in new projects that lead to good-paying, green jobs, CenterPoint Energy is helping to support local communities, while showing how energy companies can be a partner in building America's clean energy future." 

CenterPoint Energy will work with partners, customers, employees and other stakeholders across its service territory to achieve its reduction goals. The company continues to offer customers energy efficiency programs and is investing in renewable forms of energy on both the natural gas and electric sides of the business. Furthermore, CenterPoint Energy will partner with natural gas suppliers to take meaningful steps to lower methane emissions across the natural gas value chain.

At the same time, CenterPoint Energy will continue to support the communities where it operates with their climate action goals. The company will focus on driving lower emissions across the natural gas value chain to ensure its continued role in supporting the transition of the nation's power generation fleet to meet lower carbon emission goals.

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 carbon policy emission reduction goals, focus areas and related timing thereof, the continuation of customer programs, the anticipated transition of the power generation fleet 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 the timing and impact of future regulatory and legislative decisions, effects of competition, weather variations, changes in business plans, financial market conditions and other factors discussed in CenterPoint Energy's Annual Report on Form 10-K for the fiscal year ended December 31, 2019 and other reports CenterPoint Energy or its subsidiaries may file from time to time with the Securities and Exchange Commission.

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 53.7 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.

For more information, contact
Media Relations
Media Access Line: 713.619.5143
Media.Relations@CenterPointEnergy.com

 

SOURCE CenterPoint Energy, Inc.

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CenterPoint Energy seeks to ease customer impact from record natural gas prices incurred during mid-February winter weather

Houston – July 30, 2021 – To ease the financial impact on its Texas natural gas customers from record natural gas prices during Winter Storm Uri, CenterPoint Energy today filed an application with the Railroad Commission of Texas (Commission) to securitize these extraordinary natural gas costs. If the Commission approves the filing, the costs would be spread out over a number of years instead of just one year. This recovery option is designed for the company to recover its prudently incurred natural gas costs while protecting customers against unexpected increases on their monthly bills.

As a result of HB 1520 passing in the 87th Texas legislative session, natural gas utilities may request approval of the Commission for the Texas Public Finance Authority to issue Customer Rate Relief (CRR) bonds to recover natural gas costs from Winter Storm Uri. To qualify for approval, the utility must establish that the natural gas costs were prudently incurred and that there are benefits to its customers from securitization financing versus traditional recovery through the monthly Purchased Gas Adjustment. If securitization financing is approved, all natural gas customer bills would begin to reflect the recovery of Winter Storm Uri costs upon the issuance of CRR bonds, which are expected to be issued in 2022. 

According to a preliminary estimate, the natural gas price spike resulted in about $1.14 billion in unexpected costs for CenterPoint Energy's Texas natural gas customers during Winter Storm Uri. Without securitization financing, these costs would be passed through to customers through the monthly Purchased Gas Adjustment. The estimated monthly impact to natural gas costs for the average residential customer if Winter Storm Uri's extraordinary costs were recovered through the monthly Purchased Gas Adjustment is estimated to be approximately $15 to $40 per month for 12 months, depending on customer usage. Instead, the use of securitization financing is expected to provide the most cost effective and affordable method of recovering these costs and would provide customers with rate relief. If the securitization request is granted, the estimated monthly customer rate relief charge to recover Winter Storm Uri's costs is expected to be in the range of $2.50 to $5.00 per month depending on usage.

The company serves more than 1.8 million residential and business natural gas customers in Texas that would benefit from the issuance of the CRR bonds.

"We understand the severe impact that the historic weather emergency had on all Texans," said Tal Centers, CenterPoint Energy's Vice President, Texas Gas. "The extraordinary natural gas price increases during Winter Storm Uri's widespread extreme cold resulted in significant natural gas cost increases for CenterPoint Energy and our customers."

Centers added, "This proposal is designed to recover natural gas costs in a way that protects our customers against dramatic increases on their monthly bills that would otherwise occur."

CenterPoint Energy follows a natural gas supply plan that is shared with regulators annually. In mid-February, large parts of the country experienced an extended period of extremely cold temperatures during Winter Storm Uri. In preparation for this weather event, in accordance with its plan, the company took proactive steps to secure reliable natural gas supply ahead of and during the event. However, demand for natural gas and significant supply issues in certain areas contributed to sudden, unprecedented price spikes.

Despite the extreme weather and market conditions, the company maintained reliable natural gas service to its human needs customers. To ensure sufficient supply to meet customer needs, however, the utility had to purchase additional natural gas at very high prices in the daily spot markets. As a regulated utility, CenterPoint Energy is required to purchase and deliver a reliable supply of natural gas to its customers. The price that the utility pays for natural gas is the same price that it charges to customers. There is no mark-up on the cost of natural gas.

In addition to providing for securitization financing of prudently incurred natural gas costs from Winter Storm Uri, HB 1520 requires the Commission to study measures that would mitigate the impact on customer bills from future catastrophic weather events. "We look forward to working with the Commission on this study to make sure our future natural gas supply plans continue to yield reasonable rates for our customers," Centers said.

As always, customers who have difficulty paying their CenterPoint Energy bill can request a payment plan or extension by calling 713-659-2111 or 800-752-8036 or visiting CenterPointEnergy.com/PaymentAssistance.

CenterPoint Energy is also continuing to work with regulators in other jurisdictions regarding customer rate relief.

About CenterPoint Energy

As the only investor-owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Arkansas, Indiana, Louisiana, Minnesota, Mississippi, Ohio, Oklahoma and Texas. As of March 31, 2021, the company owned approximately $36 billion in assets and also owned 53.7 percent of the common units representing limited partner interests in Enable Midstream Partners, LP, a publicly traded master limited partnership that owns, operates and develops strategically located natural gas and crude oil infrastructure assets. With approximately 9,500 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.

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 application to securitize natural gas costs, including its approval, if any, and its expected impacts, such as relating to customers' bills and the effectiveness and benefits of this cost recovery option, 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, 2020, CenterPoint Energy's Quarterly Report on Form 10-Q for the quarter ended March 31, 2021 and other reports CenterPoint Energy or its subsidiaries may file from time to time with the Securities and Exchange Commission.

CenterPoint Energy implements independent board leadership and governance structure

HoustonJuly 22, 2021 – CenterPoint Energy, Inc. (NYSE: CNP) ("CenterPoint" or the "Company") today announced the unanimous decision of the CenterPoint Board's Independent Directors to implement a new independent board leadership and governance structure. The Board named Martin Nesbitt, chair of the Nominating and Governance Committee, as its new independent board chairman, effective immediately.

  • Martin Nesbitt appointed as Independent Chairman of the Board, effective immediately
  • Independent directors eliminate Executive Chairman role
  • Milton Carroll to depart from Executive Chairman position, effective immediately, and from the Board on September 30 
  • Independent directors implement a multi-year retention arrangement for President and CEO Dave Lesar

To institute the Company's new governance structure, this independent seat replaces the position of Executive Chairman. This position has been eliminated by the independent directors of the board, effective immediately. In connection with these decisions by the independent directors, Milton Carroll departs from the Executive Chairman position and as an employee of the Company, effective immediately, and from the Board as a director, effective September 30 of this year, each substantially in advance of Mr. Carroll's current mandatory retirement date in 2023.

CenterPoint's Board, based on extensive feedback from shareholders and evaluation of evolving governance practices, determined that now is the right time to execute this significant leadership and governance transition as the company continues to advance its well-received strategic plan to drive sustainable value for the benefit of all its stakeholders. In connection with today's leadership and governance transition, the Company entered into a multi-year retention grant arrangement with President and CEO Dave Lesar to retain his continued leadership, and to provide executive management continuity, drive successful execution of CenterPoint's value-creation strategy, and provide executive leadership succession planning. The arrangements entered into with Mr. Carroll and Mr. Lesar will be publicly filed on Form 8-K.

Mr. Nesbitt said, "CenterPoint is a backbone of economic vitality and reliable energy delivery for the communities we serve, and CenterPoint's importance is a central part of Milton Carroll's legacy. As we continue to seize opportunities ahead of us, I believe that our unique value proposition will be further strengthened by CenterPoint's commitment to strong corporate governance, including through the leadership and governance transition we announce today. I am honored to have been selected to lead CenterPoint as independent Chairman of the Board and on behalf of the Board, we express our deepest gratitude and respect for Milton, who has served CenterPoint and its stakeholders tirelessly for nearly 30 years. Milton has been a steady source of inspiration, leadership and guidance to all who have known him, and his stewardship and commitment to CenterPoint's success have been unmatched. Milton was instrumental in the creation of CenterPoint, provided initial board leadership and with the help of many others, navigated CenterPoint through the difficult transition of the early days of the deregulation of the Texas electrical market. He then helped lead the company to where it is today – stronger than ever, with a market capitalization near its historic high. I look forward to continuing to work closely with our incredible CEO Dave Lesar, who has demonstrated tremendous energy and accomplishment since he became CEO only a year ago."

Mr. Carroll said, "In the nearly 30 years since I joined CenterPoint's Board in 1992 and during my time as Executive Chairman of the Board, CenterPoint has successfully navigated industry, energy and regulatory challenges, business transitions and changes in our nation and communities. Thanks to our great CenterPoint team, we are an indelible part of the fabric and history of Texas and the other territories we serve. I am excited to see how CenterPoint continues to evolve under the leadership of Marty and Dave and reach even greater heights of potential and promise. It has been an honor to serve as Chairman and then Executive Chairman alongside my fellow directors."

Mr. Lesar said, "We have been on a very focused mission over the past year to unlock the untapped power and potential within this company, its premium regulated utilities and its exceptional talent. Milton has been a critical partner throughout this journey, and with our utility-focused strategy, we are now taking advantage of the robust capital investment opportunities available to us and are firmly on the path to exit our midstream investments and progress our renewable energy growth objectives. I believe the best is yet to come, and I couldn't be more excited to continue my commitment to CenterPoint's future success and the development of its next phase of leadership over the coming years. On behalf of myself and all our employees, I am deeply grateful to Milton for laying CenterPoint's strong foundation and positioning the company so well for this new era. I am excited for our future and look forward to discussing our second quarter results."

About Marty Nesbitt

Martin H. Nesbitt has been a director since April 2018 and will now serve as the independent Chairman of CenterPoint's Board. Since 2013, he has served as Co-Chief Executive Officer of The Vistria Group, LLC, a Chicago-based investment firm focused on the education, healthcare and financial services industries. Prior to co-founding Vistria, Mr. Nesbitt served as Chief Executive Officer of PRG Parking Management (known as The Parking Spot), an owner and operator of off-airport parking facilities, from 1996 to 2012. Prior to The Parking Spot, Mr. Nesbitt also served as officer of the Pritzker Realty Group, L.P. and as Vice President and Investment Manager at LaSalle Partners, with a variety of responsibilities including investment management for regional retail properties. Mr. Nesbitt has served on the Boards of Directors of American Airlines Group, Inc. since 2015 and Chewy, Inc. since 2020. He also previously served on the Board of Directors of Jones Lang LaSalle.  He is a Trustee of Chicago's Museum of Contemporary Art and serves as Chairman of the Barack Obama Foundation. He previously served as a director of Norfolk Southern Corporation from 2013 to May 2019.

About CenterPoint Energy, Inc.

As the only investor-owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Arkansas, Indiana, Louisiana, Minnesota, Mississippi, Ohio, Oklahoma and Texas. As of March 31, 2021, the company owned approximately $36 billion in assets and also owned 53.7 percent of the common units representing limited partner interests in Enable Midstream Partners, LP, a publicly traded master limited partnership that owns, operates and develops strategically located natural gas and crude oil infrastructure assets. With approximately 9,500 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.

Forward Looking Statement
This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this news release, the words "continue," "could," "expect," "intend," "may," "plan," "potential," "should," "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 executive management continuity and succession planning, the benefits of leadership and governance transitions, corporate governance commitments, strategic plans and value creation, capital investments, business opportunities, future financial performance and results of operations, expectations regarding our midstream investments and renewable energy growth objectives, 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, 2020, CenterPoint Energy's Quarterly Report on Form 10-Q for the quarter ended March 31, 2021 and other reports CenterPoint Energy or its subsidiaries may file from time to time with the Securities and Exchange Commission.

 

CenterPoint Energy declares regular Common Stock dividend of $0.1600, Series A Preferred Stock dividend of $30.6250 and Series B Preferred Stock dividend of $17.5000

HOUSTON, July 21, 2021 - 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.

Common Stock Dividend

The company's board of directors declared a regular quarterly cash dividend of $0.1600 per share on the issued and outstanding shares of Common Stock payable on September 9, 2021 to shareholders of record at the close of business on August 19, 2021.

Series A Preferred Stock Dividend

The company's board of directors declared a regular semiannual cash dividend of $30.6250 per share on the issued and outstanding shares of Series A Preferred Stock payable September 1, 2021 to shareholders of Series A Preferred Stock of record at the close of business on August 15, 2021.

Series B Preferred Stock Dividend

The company's board of directors declared a regular quarterly cash dividend of $17.5000 per share on the issued and outstanding shares of Series B Preferred Stock payable September 1, 2021 to shareholders of Series B Preferred Stock of record at the close of business on August 15, 2021. 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 Preferred Stock.

About CenterPoint Energy
As the only investor-owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Arkansas, Indiana, Louisiana, Minnesota, Mississippi, Ohio, Oklahoma and Texas. As of March 31, 2021, the company owned approximately $36 billion in assets and also owned 53.7 percent of the common units representing limited partner interests in Enable Midstream Partners, LP, a publicly traded master limited partnership that owns, operates and develops strategically located natural gas and crude oil infrastructure assets. With approximately 9,500 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.

For more information, contact
Media:
Communications
Media.Relations@CenterPointEnergy.com  
Investors:
Philip Holder / Jackie Richert
Phone: 713.207.6500

 

SOURCE CenterPoint Energy, Inc.

Landmark new law will help advance Minnesota’s clean energy future

Minneapolis – July 6, 2021 – A landmark new state law will help Minnesota's natural gas utilities move forward with development of innovative clean energy resources and technologies, including made-in-Minnesota renewable natural gas and green hydrogen.

Passed with bipartisan support during the June special legislative session and signed into law by Gov. Tim Walz, the Natural Gas Innovation Act was proposed by CenterPoint Energy, Minnesota's largest natural gas utility serving more than 890,000 residential and business customers.

"Natural gas is indispensable to meeting Minnesota's energy needs," said Brad Tutunjian, CenterPoint Energy Vice President-Minnesota Region. "We're committed to delivering reliable, affordable energy while also pursuing innovative solutions to help our customers limit the climate impact of their natural gas use. This new law will help promote new Minnesota-produced, low-carbon or zero-carbon gas resources that can diversify the state's energy supply, improve waste management and support new economic development."

The law creates a state regulatory policy that offers new opportunities for a natural gas utility to provide customers access to renewable energy resources and innovative technologies that reduce the state's greenhouse gas emissions. The Minnesota Public Utilities Commission must review and approve a utility's "innovation plan," with a limit on the cost impact for ratepayers.

CenterPoint Energy will likely submit its first innovation plan under the new law as soon as next year. Examples of innovation allowed by the new law include:

  • Renewable natural gas produced by recycling biogas from organic materials such as agricultural manure, wastewater, food waste and agricultural or forest waste;
  • Green hydrogen produced by using renewable electricity to split water to create a carbon-free gas that can be blended with conventional natural gas;
  • End-use carbon capture technology that converts emissions from natural gas space or water heating equipment into a powder which can be recycled into commercial products; and
  • Leading-edge energy efficiency technologies that would not be eligible for funding through the existing Conservation Improvement Program.

A broad-based coalition of groups supported the legislation, including the Laborers' International Union of North America (LIUNA), Minnesota Pipe Trades Association, Center for Energy and Environment (CEE), Agricultural Utilization Research Institute (AURI), Partnership on Waste and Energy, and Conservation Minnesota.

The legislation was authored by Rep. Zack Stephenson (DFL-District 36A), of Coon Rapids, and Sen. Bill Weber (R-District 22), of Luverne.

"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 Chair of the House Commerce Committee and a member of the House Energy and Climate Finance and Policy Committee. "This new law 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."

"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," said Sen. Weber, who serves as Assistant Senate Majority Leader. "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."

To learn more, visit CenterPointEnergy.com/CleanEnergyMN

About CenterPoint Energy

As the only investor-owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Arkansas, Indiana, Louisiana, Minnesota, Mississippi, Ohio, Oklahoma and Texas. As of March 31, 2021, the company owned approximately $36 billion in assets and also owned 53.7 percent of the common units representing limited partner interests in Enable Midstream Partners, LP, a publicly traded master limited partnership that owns, operates and develops strategically located natural gas and crude oil infrastructure assets. With approximately 9,500 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.

Forward Looking Statement:
This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this news release, the words "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "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 anticipated impact and benefits of the Natural Gas Innovation Act, including opportunities related to the development of energy resources and technologies as well as the expected benefits to customers, climate and the economy, the timing of the submission of an innovation plan under the new law and associated regulatory approval, 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, 2020, CenterPoint Energy's Quarterly Report on Form 10-Q for the quarter ended March 31, 2021 and other reports CenterPoint Energy or its subsidiaries may file from time to time with the Securities and Exchange Commission.

CenterPoint Energy Foundation and company vendors and suppliers contribute more than $3 million to support severe winter weather relief and recovery efforts

Houston – June 21, 2021 – CenterPoint Energy today announced that through contributions from both its charitable foundation and generous donations from its vendors and suppliers, more than $3 million has been donated to the Houston-Harris County Winter Storm Relief Fund. The Relief Fund, which was established by Houston Mayor Sylvester Turner and Harris County Judge Lina Hidalgo, is aimed at supporting low-income Houstonians without insurance who were impacted by February's severe winter weather.

Dave Lesar, President and Chief Executive Officer of CenterPoint Energy, and Chair of the Relief Fund's Advisory Board, said, "We are deeply grateful for all of our vendors and suppliers who gave so generously to the Relief Fund. Led by Quanta Services' donation of $1 million, these funds are going a long way in helping the fund fulfill its mission of meeting the unmet needs of families who need additional help recovering and filling the gaps that may not be met by other local and federal efforts."

The Greater Houston Community Foundation and United Way of Greater Houston jointly oversee and administer the grant distribution process with the help of a grants committee, which includes local philanthropic professionals. To date, $17 million in donations has been pledged to the fund by generous companies and individuals and more than $13.1 million has been distributed through a network of Houston area nonprofits for relief efforts. A final round of grants will be distributed later this month.

CenterPoint Energy would like to recognize the following vendors and suppliers for their contributions:

  • Accenture
  • Akin Gump Strauss Hauer & Feld LLP
  • Baker Botts LLP
  • Burns & McDonnell
  • Central Moloney, Inc.
  • Cisco
  • Deloitte
  • EN Engineering
  • Hewlett Packard Foundation
  • Homeserve
  • Irby, a Sonepar Company
  • Itron
  • J.P. Morgan
  • Love Advertising
  • Magna Legal Services
  • MRC Global
  • MRE Consulting
  • Osmose Utility Services
  • PwC
  • Quanta Services, Inc.
  • R&D Strategic Solutions
  • Shipley Snell Montgomery LLP
  • United Healthcare Retiree Solutions
  • Utegration
  • Wise Men Consultants, Inc.

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