CenterPoint Energy remains committed to health and safety of customers, employees, contractors and communities
Company continues delivery of safe, reliable energy to customers
2020-03-16T05:00:00Z

Houston – March 16, 2020 – As a provider of essential energy services to customers across its footprint, CenterPoint Energy continues to monitor the impact of the Coronavirus (COVID-19). During this time, the company is reassuring its customers that comprehensive plans and processes are in place to help ensure safe, reliable energy delivery to electricity customers across greater Houston and southwest Indiana, as well as to natural gas customers in Arkansas, Indiana, Louisiana, Minnesota, Mississippi, Ohio, Oklahoma and Texas.

"We are committed to the safety and well-being of our customers, employees, contractors and communities as the Coronavirus situation continues to evolve," said John W. Somerhalder II , interim president and chief executive officer of CenterPoint Energy. "CenterPoint Energy has activated its Pandemic Preparedness Plan and we continue to monitor updates and follow protocols from the Centers for Disease Control and Prevention (CDC), World Health Organization (WHO) and state and local officials. We are also working closely with all regulatory agencies, government entities and emergency management organizations across our service territory to help ensure uninterrupted electricity and natural gas service delivery to our customers."

CenterPoint Energy will support customers who may need payment assistance, arrangements or extensions during the Coronavirus situation. In addition, the company has temporarily suspended natural gas service disconnections for nonpayment. For customers in southwest Indiana, this includes the temporary suspension of electric service disconnections.

CenterPoint Energy has implemented additional measures to protect the safety and health of its customers, employees and contractors, as well as to prevent the spread of the Coronavirus. These safety measures include:

  • Equipping employees with hand sanitizer in their vehicles as well as latex gloves and shoe covers – in addition to standard protective equipment;
  • Directing field employees to attempt to resolve service issues without entering homes or businesses;
  • Following social distancing guidelines and wearing protective equipment if entering customers' homes and businesses to provide service;
  • Implementing a telework approach for employees who can perform their job responsibilities from home or a remote location;
  • Increasing cleaning and disinfecting frequency of facilities and vehicles;
  • Leveraging technology to minimize face-to-face contact and meetings;
  • Emphasizing good hygiene, including washing and sanitizing hands;
  • Requiring employees to stay home if they are feeling sick;
  • Suspending international air travel and non-essential domestic air travel; and
  • Minimizing contact with visitors and others at company facilities.

CenterPoint Energy continues to provide regular updates to its employees and has established a Coronavirus information page on the company's intranet site, with resources and current prevention recommendations from official sources, such as the CDC and WHO.

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CenterPoint Energy reports fourth quarter and full-year 2020 results

Houston - February 25, 2021 - CenterPoint Energy, Inc. (NYSE: CNP) today reported fourth quarter 2020 earnings of $0.27 per diluted common share, compared to $0.25 per diluted common share for the fourth quarter of 2019.  On a guidance basis, fourth quarter 2020 earnings were $0.29 per diluted share, compared to $0.35 per diluted share for the fourth quarter of 2019.

  • CenterPoint Energy reported fourth quarter 2020 earnings of $0.27 per diluted share, $0.29  earnings per diluted share on a guidance basis
  • Full-year 2020 results show a loss of $1.79 per diluted share, and $1.40 earnings per diluted share on a guidance basis, with $1.17 from Utility Operations and $0.23 from Midstream Investments
  • Fourth quarter and full-year 2020 guidance basis results beat consensus and guidance
  • Raising 2021 Utility EPS guidance range to $1.24 - $1.26, and reiterating 6% - 8% Utility EPS guidance basis growth rate target and 10% rate base compound annual growth rate
  • CenterPoint Energy remains focused on customers, and is proud of its dedicated employees and the resiliency of its electric and gas systems during the February 2021 winter storm

CenterPoint Energy also reported a loss available to common shareholders of $949 million, or a loss of $1.79 per diluted share, for the full-year 2020, compared with income available to common shareholders of $674 million, or $1.33 per diluted share for the full-year 2019. Full year 2020 results included after-tax non-cash impairment charges of $1,269 million or $2.25 per diluted share, associated with the company's midstream investments. On a guidance basis, full-year 2020 earnings were $1.40 per diluted share, compared to $1.60 per diluted share for full-year 2019.

"Our service territories, particularly here in Texas, have been significantly impacted by the recent severe winter storm. Our thoughts are with our communities and our customers as they recover from the impacts of this storm," said Dave Lesar, President and Chief Executive Officer of CenterPoint Energy.

"I am proud of our employees who went above and beyond to manage the impacts of the storm, the generation shortfall, and the resulting ERCOT electricity curtailment. We are also pleased with our system's performance during this event and proud to report that over 98% of our 2.6 million electric customers had power within 12 hours of having the electricity supply made available to us."

"We are proactively managing our near-term working capital needs resulting from the February winter storm.  Today we are pleased to announce we have secured $1.7 billion in financing commitments to help us bridge short term liquidity needs.  We believe that this short-term financing, along with our existing credit facilities, will help provide ample liquidity for us to address any winter storm-related expenses."

"Looking back to 2020, our strong guidance based results speak to the quality of our utility business and our ability to withstand headwinds due in part to our exceptional customer growth and timely recovery mechanisms. While maintaining our 6% - 8% guidance basis Utility EPS growth target and 10% rate base compound annual growth rate, we are raising our 2021 guidance basis Utility EPS range to $1.24 - $1.26."

Lesar added, "We have also recently announced our support of the merger between Enable Midstream Partners, LP and Energy Transfer LP. We committed to taking a disciplined approach to minimizing our midstream exposure on our December 7th Investor Day and this transaction is a big step for CenterPoint Energy as we deliver on our promises to our shareholders. By taking steps to significantly reduce the risk of our midstream investment and improve the liquidity of the underlying security, we can accelerate our transition to a fully regulated business model. We will keep you updated on the closing of the transaction and our plan to ultimately eliminate our midstream exposure."

Earnings Outlook

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

In addition to presenting its financial results in accordance with GAAP, including presentation of income (loss) available to common shareholders and diluted earnings (loss) per share, CenterPoint Energy provides guidance based on 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 income and 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, 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 Electric and Natural Gas segments, as well as after tax Corporate and Other operating income and an allocation of corporate overhead based upon the Utility's relative earnings contribution. Corporate overhead consists primarily of interest expense, preferred stock dividend requirements, and other items directly attributable to the parent along with the associated income taxes.
  • The Utility EPS guidance excludes:
    • Earnings or losses from the change in value of ZENS and related securities
    • Certain expenses associated with merger integration
    • Midstream Investments segment and associated income from the Enable preferred units and a corresponding amount of debt in addition to an allocation of associated corporate overhead and impact, including related expenses, associated with the merger between Enable and Energy Transfer
    • Cost associated with the early extinguishment of debt
    • Gain and impact, including related expenses, associated with gas LDC sales

In providing this guidance, CenterPoint Energy does not consider the items noted above and other potential impacts such as changes in accounting standards, impairments or other unusual items, which could have a material impact on GAAP reported results for the applicable guidance period. The 2021 Utility EPS guidance range also considers assumptions for certain significant variables that may impact earnings, such as customer growth and usage including normal weather, throughput, recovery of capital invested, effective tax rates, financing activities and related interest rates, and regulatory and judicial proceedings. In addition, the 2021 Utility EPS guidance range assumes a continued re-opening of the economy in CenterPoint Energy's service territories throughout 2021. To the extent actual results deviate from these assumptions, the 2021 Utility EPS guidance range may not be met or the projected annual Utility EPS growth rate may change. CenterPoint Energy is unable to present a quantitative reconciliation of forward-looking 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

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

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

Filing of Form 10-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, 2020 ("2020 Form 10-K"). 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, February 25, 2021, at 7:00 a.m. Central time/8:00 a.m. Eastern time. Interested parties may listen to a live audio broadcast of the conference call on the company's website under the Investors section. A replay of the call can be accessed approximately two hours after the completion of the call and will be archived on the website for at least one year.

About CenterPoint Energy, Inc.

As the only investor owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Arkansas, Indiana, Louisiana, Minnesota, Mississippi, Ohio, Oklahoma and Texas. As of December 31, 2020, the company owned approximately $33 billion in assets and also owned 53.7 percent of the common units representing limited partner interests in Enable Midstream Partners, LP, a publicly traded master limited partnership that owns, operates and develops strategically located natural gas and crude oil infrastructure assets. With approximately 9,500 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.

Forward-looking Statements

This news release includes, and the earnings conference call will include, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this news release, the words "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "goal," "intend," "may," "objective," "plan," "potential," "predict," "projection," "should," "target," "will" or other similar words are intended to identify forward-looking statements. These forward-looking statements are based upon assumptions of management which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. Actual events and results may differ materially from those expressed or implied by these forward-looking statements. Any statements in this news release or on the earnings conference call regarding capital investments, rate base growth and our ability to achieve it, future earnings and guidance, including long-term growth rate, and future financial performance and results of operations, including with respect to regulatory actions,  the expected closing of the merger between Enable and Energy Transfer, de-risking our midstream investment and improving the liquidity of our midstream investments, accelerating our transition to a fully regulated business model, our plan to eliminate our midstream exposure, 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, including impacts from the February 2021 winter storm event; (11) changes in business plans; (12) CenterPoint Energy's ability to fund and invest planned capital, 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, including our proposed sale of our Natural Gas businesses in Arkansas and Oklahoma and the proposed merger between Enable and Energy Transfer, which may not be completed or result in the benefits anticipated by CenterPoint Energy or Enable; (14) CenterPoint Energy's ability to execute operations and maintenance management initiatives; and (15) other factors discussed in CenterPoint Energy's 2020 Form 10-K, including in the "Risk Factors" and "Cautionary Statement Regarding Forward-Looking Information" sections of such reports, and other reports CenterPoint Energy or its subsidiaries may file from time to time with the Securities and Exchange Commission.

Important Information for Investors and Unitholders

This communication is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval.

In connection with the proposed merger between Enable and a subsidiary of Energy Transfer, Energy Transfer will file with the SEC a registration statement on Form S-4, which will include a prospectus of Energy Transfer and a consent solicitation statement of Enable. Energy Transfer and Enable will also file other documents with the SEC regarding the proposed merger. After the registration statement has been declared effective by the SEC, a definitive consent solicitation statement/prospectus will be mailed to the unitholders of Enable. INVESTORS AND UNITHOLDERS OF ENABLE ARE URGED TO READ THE CONSENT SOLICITATION STATEMENT/PROSPECTUS (INCLUDING ALL AMENDMENTS AND SUPPLEMENTS THERETO) AND OTHER DOCUMENTS RELATING TO THE PROPOSED MERGER THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED MERGER. Investors and unitholders will be able to obtain free copies of the consent solicitation statement/prospectus and other documents containing important information about Energy Transfer and Enable once such documents are filed with the SEC, through the website maintained by the SEC at http://www.sec.gov. Copies of the documents filed with the SEC by Energy Transfer and Enable will be available free of charge on their respective internet websites at https://www.energytransfer.com/ and https://www.enablemidstream.com/ or by contacting their respective Investor Relations departments at 214-981-0795 (for Energy Transfer) or 405-558-4600 (for Enable).

Participants in the Solicitation

The company, Energy Transfer, Enable and certain of their respective directors, executive officers and employees may be deemed to be participants in the solicitation of proxies from the unitholders of Enable in connection with the proposed merger. Information about (i) the directors and executive officers of the company is set forth in the company's Definitive Proxy Statement on Schedule 14A, which was filed with the SEC on March 13, 2020 and the company's 2020 Form 10-K, which was filed with the SEC on February 25, 2021, respectively, (ii) the directors and executive officers of Energy Transfer is set forth in Energy Transfer's Annual Report on Form 10-K, which was filed with the SEC on February 19, 2021 and (iii) the directors and executive officers of Enable is set forth in Enable's Annual Report on Form 10-K, which was filed with the SEC on February 24, 2021, in each case, as may be updated from time to time by Current Reports on Form 8-K, statements of changes in beneficial ownership and other filings with the SEC. Other information regarding certain participants in the consent solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the consent solicitation statement/prospectus and other relevant materials to be filed with the SEC when they become available. Free copies of these documents can be obtained using the contact information above.

CenterPoint Energy seeks approval for 400 megawatts of renewable energy serving southwestern Indiana

EVANSVILLE, Ind., Feb. 23, 2021 - CenterPoint Energy (CNP) today announced its Indiana-based electric and natural gas business, CenterPoint Energy Indiana South, is seeking approval from the Indiana Utility Regulatory Commission (IURC) to enter into an agreement on the acquisition of a 300-megawatt (MW) solar array as part of the company's long-term electric generation transition plan announced in June 2020. The company is also requesting approval to enter into a power purchase agreement (PPA) for an additional 100 MWs of solar energy.

CenterPoint Energy is seeking to enter into an agreement with Capital Dynamics, the company that will build the 300-MW utility-owned project in Posey County, Ind. Arevon Energy Management and energy company Tenaska are co-developing the project. CenterPoint Energy is also proposing to purchase additional solar power from Clēnera, which is developing a solar project in Southwestern Indiana, under a 25-year contract. The addition of the 400MW of solar through the Capital Dynamics and PPA agreements supports CenterPoint Energy's goal to reduce operational emissions by 70 percent by 2035, avoiding approximately 700,000 tons of CO2 each year after completion.

Together, the 400 MWs represent the next component of the company's Smart Energy Future plan to meet stakeholder sustainability goals and implements the most economic path forward as outlined in last summer's Integrated Resource Plan (IRP). The plan details an all-of-the-above approach including renewables, natural gas and coal to ensure regional reliability and includes flexible generation to meet seasonal peak loads.

"As one of the largest single-sited solar arrays in the Midwest, these significant renewable resources would serve our local electric customers, providing a low-cost, stable energy option," said Steve Greenley, Senior Vice President, Generation Development for CenterPoint Energy. "We are confident we have chosen the right companies with the right experience for projects of this scale."

Following the completion of the most recent IRP in June 2020, which was greatly influenced by customer input and a request for proposal including all sources of generation, CenterPoint Energy has been working with Capital Dynamics to explore opportunities for the eventual development of the Posey County property. Following all required approvals, the solar array will be located on approximately 2,500 acres and will consist of more than 730,000 solar panels. The facility is expected to be fully operational in 2023, generating enough power to meet the needs of more than 50,000 households per year and helping large customers achieve their individual sustainability goals.

"Capital Dynamics is proud to support CenterPoint Energy's efforts to deliver low-cost, sustainable energy generation to its customers in Posey County," said Martin Hahn, CEO of Capital Dynamics. "The project is expected to provide substantial economic benefits to local communities and help the state of Indiana take another step towards meeting its clean energy and climate goals. We thank our partners in Posey County for supporting this important initiative."

"We are pleased to be working with CenterPoint Energy, Capital Dynamics and Tenaska on the construction of a 300 MW Posey County solar project," said Tiago Sabino Dias, President and CEO of Arevon Energy Management, a specialized company with a master service agreement to provide origination services for Capital Dynamics' Clean Energy Infrastructure platform. "We applaud CenterPoint Energy for its commitment to introducing more renewable energy to its electric footprint in Indiana and we're proud to contribute to the future of cleaner energy for Indiana."

Construction of the solar project with Capital Dynamics will begin upon the receipt of necessary authorization and permits from the IURC. A decision on CenterPoint Energy's request is expected in late 2021 or early 2022. The initial construction phase will require establishing a sub-station to interconnect with CenterPoint Energy's power grid.

"The construction of this solar array and the additional energy obtained through the power purchase agreement will further CenterPoint Energy's Smart Energy Future strategy. Ensuring continued reliability, addressing sustainability needs for the region, and tailored to utility ownership values, these projects will contribute significantly to CenterPoint Energy's commitment to deliver clean and reasonably priced energy to its customers," said Greenley.

During the proposed 14- to 18-month construction timeline, the project will provide approximately 250 full-time jobs. Additionally, $47.8 million will be contributed to Posey County during construction, as well as $1.2 million in property taxes per year during the solar array's operation.

Construction on the secondary solar array will begin upon receipt of necessary authorization and permits, with a decision on CenterPoint Energy's request also expected in late 2021 or early 2022. Scheduled to be in service by 2023, CenterPoint Energy will contract 100 MW of the total 200-MW array, which will generate enough power to meet the needs of more than 18,500 homes per year.

Jared McKee, Vice President of Business Development for Clēnera said, "We thank CenterPoint Energy for partnering with Clēnera to acquire clean energy from one of our solar projects. Our team looks forward to the completion of this solar project and assisting CenterPoint Energy in meeting the future energy needs of its southwestern Indiana electric customers."

Greenley added, "CenterPoint Energy thanks Posey County representatives and other project stakeholders for their support of these projects and is pleased to be working with trusted developers in pursuit of continued renewable growth in the communities we serve."

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 CenterPoint Energy's plans to transition to more renewable generation resources, its carbon emissions reduction targets, the IURC's approval process for the projects and timing thereof, the expected capacity of the facilities, the anticipated benefits to customers and the county where such facilities are located, including the costs of such renewable energy, the construction of the facilities and related timing, 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 Report 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.

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.

About Capital Dynamics
Capital Dynamics is an independent global asset management firm focusing on private assets including private equity, private credit and clean energy infrastructure. Capital Dynamics Clean Energy Infrastructure is one of the largest renewable energy investment managers in the world with USD 6.6 billion AUM and has one of the longest track records in the industry. The CEI strategy was established to capture attractive investment opportunities in the largest and fastest growing sector of global infrastructure – proven renewable energy technologies, primarily in North America and Europe, across solar, onshore wind, energy storage and related infrastructure with a focus on both utility-scale and distributed generation technologies. The CEI platform's fully integrated asset management affiliate provides highly-specialized services to ensure optimal performance and value from projects. The CEI strategy currently manages 7.9 GWdc of contracted gross power generation across more than 150 projects in the United States and Europe and is one of the top 3 global solar PV owners. Since the CEI platform's inception in 2010, over 17 million metric tons of greenhouse gas emissions have been avoided as a result of the firm's renewable investments. This is equivalent to the power needed to supply more than 3 million homes or passenger vehicles for one year. In 2020, the CEI strategy received top rankings from GRESB (the ESG benchmark for real assets) for commitment to sustainability, and in 2019 awarded Global PE Energy Firm of the Year by Private Equity International. For more information, please visit: www.capdyn.com.

About Arevon Energy Management
Arevon Energy Management (AEM) is an independent company with a partnership with the Capital Dynamics' Clean Energy Infrastructure platform. AEM's team of experts work directly with utilities, municipalities, cooperatives, and large corporations to jointly develop clean energy strategies that exceed their economic and sustainability objectives. AEM is a one-stop shop for holistic solutions you can count on for the coming decades. For more information, please visit www.arevonenergy.com.

About Clēnera
Clenera, LLC ("Clēnera") is a privately-held renewable energy company headquartered in Boise, Idaho. Clēnera acquires, develops, builds and manages utility-scale solar farms and energy storage facilities throughout the United States. Combining breakthrough technology with a deeply integrated team approach, Clēnera provides reliable, affordable energy systems and helps its utility partners become clean energy leaders in their communities. Clēnera's current operating portfolio exceeds 1.4 GW, with more than 13 GW of solar and storage assets in development. Learn more at www.clenera.com.

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Media Relations
Media.Relations@CenterPointEnergy.com

SOURCE CenterPoint Energy, Inc.

CenterPoint Energy Foundation contributes $1 million to support severe winter weather relief and recovery efforts

Houston – Feb. 23, 2021 – CenterPoint Energy, Inc. today announced that through its charitable foundation it is contributing $1 million 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 the recent extreme winter weather.

Dave Lesar, President and Chief Executive Officer of CenterPoint Energy, will serve as Chair of the relief fund's Advisory Board, which will consist of eight members representing various areas of the community. The Greater Houston Community Foundation and United Way of Greater Houston will jointly oversee and administer the grant distribution process with the help of a grants committee, which will include local philanthropic professionals.

"The severe winter weather has impacted every corner of our community and the needs are immediate and significant. I am honored to partner with Mayor Turner, Judge Hidalgo, civic and community leaders and contributors to answer the call to support our neighbors in need," said Lesar. "For CenterPoint Energy's part, Houston and surrounding communities have been our home for more than 150 years. We are proud to support our neighbors and communities in the aftermath of this unprecedented winter weather event."

At the peak of the severe winter weather event, approximately 1.4 million total customers were impacted across CenterPoint Energy's 5,000-square-mile Houston Electric service territory. Electricity shortfalls were due to an insufficient supply of electricity from power generators and CenterPoint Energy, which does not generate its own power, was required by the Electric Reliability Council of Texas (ERCOT) to suspend electric service to a portion of its customers. Once power became available, the company was ready to deliver it and restored approximately 1.3 million electric customers in a 24-hour period.

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

 

CenterPoint Energy provides update on severe winter weather restoration efforts

Houston – Feb. 19, 2021 – CenterPoint Energy provided an update on its severe winter weather restoration efforts:

At the peak of this event, approximately 1.4 million total customers were impacted by the severe winter weather event across CenterPoint Energy's service territory. As of 8:30 a.m. CT, approximately 1.39 million customers have been restored. More than 99% of CenterPoint Energy's customers currently have electric service, with less than 7,000 customers to be restored.

  • Nearly all electric outages restored overnight
  • Isolated outages expected to be restored by the end of the day; some outages may be attributable to routine service issues; company will work to address all outages as safely and quickly as possible
  • Company to send Electric mutual assistance resources to support restoration efforts in other areas of Texas impacted by severe winter weather
  • Natural gas supply continues to be reliable and stable

"We appreciate our customers' patience and will continue to work hard to restore service as safely and quickly as possible," said Kenny Mercado, CenterPoint Energy's Executive Vice President, Electric Utility. "From elected officials and first responders, to community members who volunteered their time, we would also like to recognize the countless people who have answered the call during our area's time of need. CenterPoint Energy's employees will continue to work around the clock to serve our customers. It is a privilege to work with such a dedicated team."

CenterPoint Energy's customer outage numbers will continue to stabilize as the company works diligently and focuses on the remaining isolated outages, which in some cases can be attributed to damaged equipment from the severe winter weather event. The majority of these outages are expected to be restored by the end of the day. In other instances, outages may be attributed to routine service issues that occur on CenterPoint Energy's system. The company will also be focused on addressing these outages as safely and quickly as possible.

The company also reminded customers to remain prepared for the potential for additional outages if CenterPoint Energy is once again directed by the Electric Reliability Council of Texas (ERCOT) to reduce electricity on its system due to issues with generation capacity. CenterPoint Energy does not generate its own power, and outages due to the lack of generation availability are out of the company's control.

Mercado added, "To help those in neighboring service territories in need, we will send our mutual assistance resources to support electric restoration efforts in other areas of the state impacted by the severe winter weather. As Texans, we want to do our part to help our fellow Texans."

CenterPoint Energy also said that its natural gas supply continues to remain reliable and stable.

"Having experienced another night of freezing temperatures across our eight-state service territory, we are proud to have maintained our ability to supply natural gas to our customers," said Scott Doyle, CenterPoint Energy's Executive Vice President, Natural Gas. "We thank our customers and others for answering the call to conserve, and continue to encourage them to do so, while being aware of natural gas safety measures as customers return to their homes and may be making repairs."

If customers smell the "rotten egg" odor of natural gas, they should immediately leave on foot, go to a safe location and call both 911 and CenterPoint Energy. Customers are asked to be mindful of natural gas pipes inside and outside their homes if they need to make any repairs as a result of ruptured water lines.

Customers should visit https://www.texas811.org/ to educate themselves on safe digging practices and the importance of calling 811 to have utility lines marked prior to any digging activity.

CenterPoint Energy will continue to update customers through local media outlets, its website centerpointenergy.com and its social media channels, Twitter (@CNPalerts) and Facebook.

CenterPoint Energy asks homeowners and businesses to use care when clearing snow or ice near natural gas meters

Houston – Feb. 19, 2021 – As customers deal with severe winter weather, CenterPoint Energy is asking its residential and business customers to keep their outdoor natural gas meters clear of snow and ice in order to prevent a leak or service interruption.

Customers should also make sure any outside vents and air intakes for gas appliances are not blocked by snow or ice, because it can cause a potentially fatal indoor build-up of carbon monoxide. Pay particular attention to side-wall vents and air intakes for furnaces, water heaters and clothes dryers to make sure they are not partially or fully blocked.

CenterPoint Energy offers these important tips to protect your natural gas meter in the winter weather and ensure safe, reliable service:

  • Don't pile snow on or near your natural gas meter. Maintain a clear path to your meter to allow access in an emergency.
  • Use care when clearing snow on and around the meter. Carefully shovel around the meter and move snow away from it. Use a broom or brush to gently clear snow or ice from the top of the meter and piping.
  • Never kick or hit your gas meter or its piping with a shovel, hammer or any hard object to break away built-up snow or ice.
  • Report damage to a struck meter from a vehicle or fallen tree branch to 888-876-5786.

     
  • Remove large icicles hanging over meter assemblies and appliance vents.
  • If you suspect a natural gas leak, leave the area immediately on foot and tell others to do the same. When safely away, report the leak by calling 911 and the CenterPoint Energy emergency hotline at 888-876-5786.

As always, we'd like to encourage customers to maintain safety practices around the use of natural gas:

  • Make sure your heating system is working properly. Malfunctioning home heating equipment can cause a fire or carbon monoxide poisoning. Check that outside furnace vents aren't blocked by snow or ice. Keep your furnace filter clean for safe, efficient operation.
  • Use space heaters safely. Use a space heater with an automatic shut-off, and keep children, pets and all items at least three feet away. A space heater that uses gas, propane or wood should be vented to the outside. Stoves and ovens should never be used for space heating.
  • Check your carbon monoxide (CO) and smoke alarms. These devices are essential to warn you of a fire or dangerous malfunction with a furnace, water heater, fireplace or stove. Test your alarms monthly and change batteries every year.