CenterPoint Energy reports Q3 2020 earnings of $0.13 per diluted share; $0.34 diluted EPS on a guidance basis, with $0.29 diluted EPS from utility operations and $0.05 diluted EPS from midstream investments
2020-11-05T06:00:00Z
  • Utilities led company with strong third quarter results
  • Raising 2020 Utility EPS guidance range to $1.12 - $1.20 and reiterating 5% - 7% Utility EPS guidance basis growth rate target
  • Third quarter 2020 GAAP results include after-tax non-cash impairment charges of $92 million or $0.15 per diluted share for the company's share of impairment charges recorded by Enable

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

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

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

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

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

Earnings Outlook and Non-GAAP Considerations

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

In addition to presenting its financial results in accordance with GAAP, including presentation of income (loss) available to common shareholders and diluted earnings (loss) per share, CenterPoint Energy provides guidance based on guidance basis income and guidance basis diluted earnings per share, which are non-GAAP financial measures.  Generally, a non-GAAP financial measure is a numerical measure of a company's historical or future financial performance that excludes or includes amounts that are not normally excluded or included in the most directly comparable GAAP financial measure.

Management evaluates CenterPoint Energy's financial performance in part based on guidance basis earnings per share. Management believes that presenting these non-GAAP financial measures enhances an investor's understanding of CenterPoint Energy's overall financial performance, including the impact of its Enable investment, by providing them with an additional meaningful and relevant comparison of current and anticipated future results across periods. The adjustments made in these non-GAAP financial measures exclude items that Management believes do not most accurately reflect the company's fundamental business performance. These excluded items are reflected in the reconciliation tables of this news release, where applicable. CenterPoint Energy's guidance basis income and guidance basis diluted earnings per share non-GAAP financial measures should be considered as a supplement to, and not as a substitute for, or superior to, income available to common shareholders and diluted earnings per share, which respectively are the most directly comparable GAAP financial measures. These non-GAAP financial measures also may be different than non-GAAP financial measures used by other companies.

(1) Utility EPS Guidance Range

  • The Utility EPS guidance range includes net income from Houston Electric, Indiana Electric and Natural Gas Distribution segments, as well as after tax Corporate and Other operating income.
  • The 2020 Utility EPS guidance range reflects dilution and earnings as if the Series C preferred stock were issued as common stock.
  • The Utility EPS guidance excludes:
    • Earnings or losses from the change in value of ZENS and related securities
    • Certain expenses associated with merger integration and Business Review and Evaluation Committee activities
    • Severance costs
    • Results related to Infrastructure Services and Energy Services, including costs and impairment resulting from the sale of those businesses
    • Midstream Investments and allocation of associated corporate overhead

In providing this guidance, CenterPoint Energy does not consider the items noted above and other potential impacts such as changes in accounting standards, impairments or other unusual items, which could have a material impact on GAAP reported results for the applicable guidance period. The 2020 Utility EPS guidance range also considers operations performance to date and assumptions for certain significant variables that may impact earnings, such as customer growth (above 2% for electric operations and 1% for natural gas distribution) and usage including normal weather, throughput, recovery of capital invested, effective tax rates, financing activities and related interest rates, regulatory and judicial proceedings, and anticipated cost savings as a result of the merger. In addition, the Utility EPS guidance range incorporates a full-year COVID-19 scenario range of $0.10 - $0.15 which assumes reduced demand levels and miscellaneous revenues with the second quarter as the peak and reflects anticipated deferral and recovery of certain incremental expenses, including bad debt. The COVID-19 scenario range also assumes a gradual re-opening of the economy in CenterPoint Energy's service territories, with anticipated reduced demand and lower miscellaneous revenues over the remainder of 2020. The 2020 Utility EPS guidance range also assumes an allocation of corporate overhead based upon its relative earnings contribution. Corporate overhead consists of interest expense, preferred stock dividend requirements, income on Enable preferred units and other items directly attributable to the parent along with the associated income taxes. CenterPoint Energy is unable to present a quantitative reconciliation of forward-looking guidance basis diluted earnings per share because changes in the value of ZENS and related securities, future impairments, and other unusual items are not estimable and are difficult to predict due to various factors outside of management's control.

(2) Midstream Investments EPS Expected Range

The 2020 Midstream Investments EPS expected range is $0.15 - $0.18. In providing this EPS expected range for Midstream Investments, CenterPoint Energy assumes a 53.7 percent ownership of Enable's common units and includes the amortization of its basis differential in Enable and assumes an allocation of its corporate overhead based upon Midstream Investments relative earnings contribution. The Midstream Investments EPS expected range reflects dilution and earnings as if CenterPoint Energy's Series C preferred stock were issued as common stock. The Midstream Investments EPS expected range takes into account such factors as Enable's most recent public outlook for 2020 dated November 4, 2020, and effective tax rates. In providing this 2020 guidance, CenterPoint Energy uses a non-GAAP measure of guidance basis diluted earnings per share that does not consider other potential impacts such as changes in accounting standards, impairments or Enable's unusual items, which could have a material impact on GAAP reported results for the applicable guidance period.  CenterPoint Energy is unable to present a quantitative reconciliation of forward looking guidance basis diluted earnings per share because changes in Enable's outlook, future impairments related to Midstream Investments or Enable's unusual items are not estimable and are difficult to predict due to various factors outside of CenterPoint Energy management's control.

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

Today, CenterPoint Energy, Inc. filed with the Securities and Exchange Commission (SEC) its Quarterly Report on Form 10-Q for the quarter ended September 30, 2020. A copy of that report is available on the company's website, under the Investors section. Investors and others should note that we may announce material information using SEC filings, press releases, public conference calls, webcasts, and the Investor Relations page of our website.  In the future, we will continue to use these channels to distribute material information about the company and to communicate important information about the company, key personnel, corporate initiatives, regulatory updates and other matters.  Information that we post on our website could be deemed material; therefore we encourage investors, the media, our customers, business partners and others interested in our company to review the information we post on our website.

Webcast of Earnings Conference Call

CenterPoint Energy's management will host an earnings conference call on Thursday, November 5, 2020, at 7:00 a.m. Central time/8:00 a.m. Eastern time. Interested parties may listen to a live audio broadcast of the conference call on the company's website under the Investors section. A replay of the call can be accessed approximately two hours after the completion of the call and will be archived on the website for at least one year.

About CenterPoint Energy, Inc.

As the only investor owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Arkansas, Indiana, Louisiana, Minnesota, Mississippi, Ohio, Oklahoma and Texas. As of September 30, 2020, the company owned approximately $33 billion in assets and also owned 53.7 percent of the common units representing limited partner interests in Enable Midstream Partners, LP, a publicly traded master limited partnership that owns, operates and develops strategically located natural gas and crude oil infrastructure assets. With approximately 9,600 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.

Forward-looking Statements

This news release includes, and the earnings conference call will include, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this news release, the words "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "goal," "intend," "may," "objective," "plan," "potential," "predict," "projection," "should," "target," "will" or other similar words are intended to identify forward-looking statements. These forward-looking statements are based upon assumptions of management which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. Actual events and results may differ materially from those expressed or implied by these forward-looking statements. Any statements in this news release or on the earnings conference call regarding capital investments, rate base growth and our ability to achieve it, future earnings and guidance, including long-term growth rate, and future financial performance and results of operations, including, but not limited to the impact of COVID-19, including with respect to regulatory actions and the COVID-19 scenario range discussed in this news release, the Business Review and Evaluation Committee's review process and outcomes, value creation, opportunities and expectations and any other statements that are not historical facts are forward-looking statements. Each forward-looking statement contained in this news release or discussed on the earnings conference call speaks only as of the date of this release or the earnings conference call.

Important factors that could cause actual results to differ materially from those indicated by the provided forward-looking information include, but are not limited to, risks and uncertainties relating to: (1) the performance of Enable, the amount of cash distributions CenterPoint Energy receives from Enable, and the value of CenterPoint Energy's interest in Enable;

(2) CenterPoint Energy's expected benefits of the merger with Vectren Corporation (Vectren) and integration, including the ability to successfully integrate the Vectren businesses and to realize anticipated benefits and commercial opportunities;

(3) financial market and general economic conditions, including access to debt and equity capital and the effect on sales, prices and costs; (4) industrial, commercial and residential growth in CenterPoint Energy's service territories and changes in market demand; (5) actions by credit rating agencies, including any potential downgrades to credit ratings; (6) the timing and impact of future regulatory and legal proceedings; (7) legislative decisions, including tax and developments related to the environment such as global climate change, air emissions, carbon, waste water discharges and the handling of coal combustion residuals, among others, and CenterPoint Energy's carbon reduction targets; (8) the impact of the COVID-19 pandemic; (9) the recording of impairment charges, including any impairments related to CenterPoint Energy's investment in Enable; (10) weather variations and CenterPoint Energy's ability to mitigate weather impacts; (11) changes in business plans; (12) CenterPoint Energy's ability to fund and invest planned capital, including timely and appropriate rate actions that allow recovery of costs and a reasonable return on investment; (13) CenterPoint Energy's or Enable's potential business strategies and strategic initiatives, including the recommendations and outcomes of the Business Review and Evaluation Committee, restructurings, joint ventures and acquisitions or dispositions of assets or businesses, which may not be completed or result in the benefits anticipated by CenterPoint Energy or Enable; (14) CenterPoint Energy's ability to execute operations and maintenance management initiatives; and (15) other factors discussed in CenterPoint Energy's Annual Report on Form 10-K for the fiscal year ended December 31, 2019, CenterPoint Energy's Quarterly Report on Form 10-Q for the quarters ended March 31, 2020, June 30, 2020 and September 30, 2020, including in the "Risk Factors" and "Cautionary Statement Regarding Forward-Looking Information" sections of such reports, and other reports CenterPoint Energy or its subsidiaries may file from time to time with the Securities and Exchange Commission.

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CenterPoint Energy provides update on Hurricane Nicholas restoration efforts

Houston – Sept. 18, 2021 – CenterPoint Energy provided an update on its Hurricane Nicholas restoration efforts:

At the peak of this severe weather event, approximately 460,000 customers' electric service was impacted by Hurricane Nicholas in Greater Houston and surrounding areas. As of 6 p.m. CT, more than 99.9% of CenterPoint Energy's customers currently have electric service.

"We appreciate our customers' patience as we continue to work hard to restore service to every customer who is still without power," said Kenny Mercado, CenterPoint Energy's Executive Vice President, Electric Utility. "The company has had the privilege of serving Greater Houston and surrounding communities for more than 150 years, and we are committed to responding as safely and quickly as possible when severe weather causes damage to our system."

Mercado added, "From elected officials and first responders, to volunteers and neighbors who helped neighbors, we would also like to recognize the many people who answered the call during our area's time of need."

The company continues to focus on the remaining isolated outages, which in certain cases can be attributed to the storm's extensive damage to some parts of its system. In some instances, outages may be attributed to routine service issues that occur on CenterPoint Energy's system. The company will be focused on addressing both types of outages as safely and quickly as possible.

CenterPoint Energy noted that Hurricane Nicholas may have caused damage to customer-owned equipment, such as their meter box or weatherhead – the point where the line enters the home through a pipe. In those cases, customers will need to contact a qualified electrician to make sure the damage is repaired before the company is able to restore service to them. 

The company also said that its natural gas supply continues to remain reliable and stable.

"Hurricane Nicholas impacted our natural gas system, but we continue to maintain reliable service to our customers, while addressing the issues caused by the storm," said Scott Doyle, Executive Vice President, Natural Gas.

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. In addition, before cleaning debris, digging on their property or to locate underground natural gas lines and other underground utility lines, customers should call 811, the nationwide Call Before You Dig number. 

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

 

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CenterPoint Energy continues to make significant progress restoring power following Hurricane Nicholas

Houston – Sept. 15, 2021 – CenterPoint Energy continues to make significant progress restoring power in the Greater Houston area and surrounding communities following Hurricane Nicholas' impact earlier this week.

"We have made excellent progress so far safely restoring service to our customers who were impacted by Hurricane Nicholas, and our crews continue to work diligently and around-the-clock to address all remaining outages as safely and quickly as possible," said Kenny Mercado, Executive Vice President, Electric Utility, CenterPoint Energy. "We appreciate our customers' continued patience and understanding as we work to address the more challenging outage issues caused by the storm's extensive damage to some parts of our system."  

The company has restored service to more than 380,000 electric customers, down from a peak outage count of 460,000 at 8 a.m. CT on Sept. 14. At this time, CenterPoint Energy is down to less than 80,000 customers without power.

CenterPoint Energy electric system assessments will be completed today, and the company expects its customer outage numbers to continue to decline. CenterPoint Energy said that it expects to have the majority of the remaining customer outages restored by the end of the day. Isolated outages should be addressed by the end of this week.

In addition, mutual assistance crews will be assisting with the restoration process today.

The company noted that Hurricane Nicholas may have caused damage to customer-owned equipment, such as their meter box or weatherhead – the point where the line enters the home through a pipe. In those cases, customers will need to contact a qualified electrician to make sure the damage is repaired before the company is able to restore service to them. 

CenterPoint Energy urges customers to always stay at least 10 feet away from downed power lines and report them to the company at 713-207-2222. For latest information on power outages*:


*Please note that some outage notifications may be delayed. Due to the ongoing system assessment of damage caused by Hurricane Nicholas, estimated restoration times on Outage Tracker and Power Alert Service are not being provided at this time.

The company's natural gas system is performing well and we are continuing to address natural gas issues found during our system assessments," said Scott Doyle, Executive Vice President, Natural Gas. "Our natural gas crews will transition to assist with power restoration efforts as needed."

CenterPoint Energy provides update on Hurricane Nicholas restoration efforts
  • Power restored to nearly 300,000 customers in less than 12 hours since hurricane’s landfall
  • Natural gas system in Houston area performing well; system assessment almost completed
  • Customers’ patience appreciated as company works to restore service as safely and quickly as possible

Houston – Sept. 14, 2021 – In response to Hurricane Nicholas’ impact on its electric and natural gas systems in Greater Houston and surrounding communities, CenterPoint Energy has issued the following update on its restoration efforts:

The company has restored power to nearly 300,000 electric customers over the last 12 hours, down from a peak outage count of more than 460,000 at 8 a.m. CT this morning. Of the 2.6 million CenterPoint Energy customers in the Greater Houston area, more than 93 percent currently have power. At this time, CenterPoint Energy is down to approximately 160,000 customers without power.

“We want to thank our customers for their continued patience. We remain committed to continue our safe and efficient restoration efforts until all of our customers are back in service,” said Kenny Mercado, Executive Vice President, Electric Utility, CenterPoint Energy. “Due to the extensive damage caused by the storm, impacted customers should anticipate some outages taking as long as four to five days, with the majority restored earlier as repairs are safely completed.”

In addition to the more than 3,200 Electric Operations employees and contractors focused on the restoration work, CenterPoint Energy has confirmed 1,800 linemen and tree trimmers from their mutual assistance network and will activate four staging sites across the impacted areas. The mutual assistance resources are expected to begin work on Wednesday, with the remainder arriving on Thursday.

The restoration process begins with facilities vital to safety, health and welfare, such as hospitals, water treatment plants and public service facilities. While addressing key facilities, the company follows its priority restoration process by making repairs to electrical facilities that will return power to the largest number of customers first, then continue the restoration process by prioritizing repairs to benefit the greatest number of customers, until power is returned to everyone.

CenterPoint Energy’s natural gas system is performing well, and system assessment is almost complete.

“To help support our customers who were impacted by the storm, we have temporarily suspended disconnections for nonpayment throughout the affected region,” said Scott Doyle, Executive Vice President, Natural Gas. “Safety remains a top priority as we complete the damage assessment, customers need to call us if they smell natural gas or see a damaged line.”

For latest information on power outages*:

  • Sign up for Power Alert Service for information on individual outages; 
  • Follow @cnpalerts and visit Outage Tracker for general outage locations; and 
  • Visit CenterPointEnergy.com/StormCenter for electric and natural gas safety tips and other resources.

*Please note that some outage notifications may be delayed. Due to the ongoing system assessment of damage caused by Hurricane Nicholas, estimated restoration times on Outage Tracker and Power Alert Service are not being provided at this time.

The company urges the public to follow these important electric and natural gas safety tips:

Electric 

  • Stay away from downed power lines. Be especially mindful of downed lines that could be hidden in flood waters and treat all downed lines as if they are energized.  
  • If you experience flooding and water has risen above the electrical outlets in your home, contact a licensed electrician before turning on the main circuit breaker or trying to restore power.  
  • All electrical appliances and electronic equipment that have been submerged in water need to dry thoroughly for at least one week. Then, have them checked by a qualified repair person before turning them on. Attempting to repair a flood-damaged appliance could result in electrical shock or death. Attempting to restart it could result in further damage and costly repairs. 
  • If the outside unit of an air conditioning system has been under water, mud and water may have accumulated in the controls. Have the unit checked by a qualified air conditioning technician.  

Natural Gas 

  •  Do not turn off your natural gas service at the meter; doing so could allow water to enter the natural gas lines. 
  • Be alert for the smell of natural gas. If you smell gas, leave the area immediately and tell others to leave, too. 
  • If you smell gas, do not turn the lights on or off, smoke, strike a match, use a cell phone or operate anything that might cause a spark, including a flashlight or a generator. 
  • Do not attempt to turn natural gas valves on or off. Once safely away from the area, call 911 and CenterPoint Energy at 888-876-5786 and the company will send a trained service technician. 
  • If your home was flooded, call a licensed plumber or gas appliance technician to inspect your appliances and gas piping to make sure they are in good operating condition before calling CenterPoint Energy to reconnect service. This includes outdoor gas appliances including pool heaters, gas grills and gas lights. 
  • Before cleaning debris, digging on your property or to locate underground natural gas lines and other underground utility lines, call 811, the nationwide Call Before You Dig number. 
  • Be aware of where your natural gas meter is located. As debris is put out for heavy trash pickup, make sure it is placed away from the meter. In many areas the meter may be located near the curb. If debris is near a gas meter, the mechanized equipment used by trash collectors could pull up the meter, damaging it and causing a potentially hazardous situation. If this happens, leave the area immediately and call CenterPoint Energy at 888-876-5786. 

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CenterPoint Energy assessing damage, beginning to restore service following Hurricane Nicholas

Houston – Sept. 14, 2021 – In response to Hurricane Nicholas' impact on its electric and natural gas systems in Greater Houston and surrounding communities, CenterPoint Energy has issued the following update:

As of 7:30 a.m. CT, there are approximately 440,000 customers without power. The storm intensified overnight with strong sustained winds that exceeded more than 75 miles per hour and gusts over 90 miles per hour, resulting in widespread outages throughout CenterPoint Energy's service area. The most significant impact has been on the company's southern, central and eastern service areas.

  • Keep phone lines open for electric and natural gas emergency calls only
  • Estimated electric restoration times will be provided once assessments are completed
  • Natural gas system in Houston area is functioning normally
  • Gas Operations crews have begun system assessment where the storm has passed

CenterPoint Energy's crews have begun their damage assessment and service restoration process. The restoration process begins with facilities vital to safety, health and welfare, such as hospitals, water treatment plants and public service facilities. After key facilities, the company follows its priority restoration process by making repairs to electrical facilities that will return power to the largest number of customers first, then continue the restoration process by prioritizing repairs to benefit the greatest number of customers, until power is returned to everyone.

"We are committed to restoring service to our customers as safely and quickly as possible. However, patience will be important as some areas of our system and equipment may be difficult to reach for our crews due to safety-related issues, such as downed trees," said Kenny Mercado, Executive Vice President, Electric Utility of CenterPoint Energy. "Customers do not need to call us to report outages, our smart meters tell us which customers are out. We ask that everyone to please keep phone lines open for electric or natural gas emergency calls only."

In addition, CenterPoint Energy is part of electric utility mutual assistance programs that provide access to thousands of linemen and tree trimmers from around the country to support restoration efforts during widespread power outage emergencies. The company has requested mutual assistance crews to assist with restoration efforts and is prepared to activate four or more staging sites across Houston.

Scott Doyle, Executive Vice President, Natural Gas, said, "Our natural gas distribution system in the Greater Houston area is functioning normally; however, crews are responding to natural gas leak calls primarily due to toppled trees which have uprooted gas lines.

"Customers need to call us if they smell natural gas or see a damaged line," he added. "Gas Operations crews have begun system assessment system where the storm has passed and it's safe to do so."

For latest information on power outages*:

*Please note that some outage notifications may be delayed. Due to the unpredictable nature of Hurricane Nicholas, estimated restoration times on Outage Tracker and Power Alert Service are not being provided at this time.

The company urges the public to follow these important electric and natural gas safety tips:

Electric  

  • Stay away from downed power lines. Be especially mindful of downed lines that could be hidden in flood waters and treat all downed lines as if they are energized.   
  • If you experience flooding and water has risen above the electrical outlets in your home, contact a licensed electrician before turning on the main circuit breaker or trying to restore power.   
  • All electrical appliances and electronic equipment that have been submerged in water need to dry thoroughly for at least one week. Then, have them checked by a qualified repair person before turning them on. Attempting to repair a flood-damaged appliance could result in electrical shock or death. Attempting to restart it could result in further damage and costly repairs.  
  • If the outside unit of an air conditioning system has been under water, mud and water may have accumulated in the controls. Have the unit checked by a qualified air conditioning technician.  

Natural Gas  

  • Do not turn off your natural gas service at the meter; doing so could allow water to enter the natural gas lines.  
  • Be alert for the smell of natural gas. If you smell gas, leave the area immediately and tell others to leave, too.  
  • If you smell gas, do not turn the lights on or off, smoke, strike a match, use a cell phone or operate anything that might cause a spark, including a flashlight or a generator.  
  • Do not attempt to turn natural gas valves on or off. Once safely away from the area, call 911 and CenterPoint Energy at 888-876-5786 and the company will send a trained service technician.
  • If your home was flooded, call a licensed plumber or gas appliance technician to inspect your appliances and gas piping to make sure they are in good operating condition before calling CenterPoint Energy to reconnect service. This includes outdoor gas appliances including pool heaters, gas grills and gas lights.
  • Before cleaning debris, digging on your property or to locate underground natural gas lines and other underground utility lines, call 811, the nationwide Call Before You Dig number.
  • Be aware of where your natural gas meter is located. As debris is put out for heavy trash pickup, make sure it is placed away from the meter. In many areas the meter may be located near the curb. If debris is near a gas meter, the mechanized equipment used by trash collectors could pull up the meter, damaging it and causing a potentially hazardous situation. If this happens, leave the area immediately and call CenterPoint Energy at 888-876-5786.
CenterPoint Energy announces new Minnesota leader

Minneapolis, Sept. 13, 2021 – CenterPoint Energy today announced that Christe Singleton is the new leader of Minnesota's largest natural gas utility.

As Vice President-Minnesota Gas, Singleton is responsible for all aspects of CenterPoint Energy's natural gas distribution operations in Minnesota, serving 890,000 residential and business customers in more than 260 communities.

She succeeds Brad Tutunjian, who has relocated to Houston as CenterPoint Energy's Vice President, Electric Distribution Operations and Service Delivery.

With more than 30 years of utility industry experience with CenterPoint Energy and its predecessor companies, Singleton has held several leadership roles in construction, operations, compliance, customer service and the Home Service Plus repair and sales business. Most recently, she served as Vice President of Gas Operations for the company's natural gas distribution systems in Louisiana and Mississippi.

A Minnesota native, Singleton is a board member of the Utilization Technology Development with Gas Technology Institute. She has a bachelor's degree in business from the University of Minnesota Carlson School of Management and a master's degree in business administration from Augsburg College.