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CenterPoint Energy reports strong Q1 2021 earnings

2021-05-06T05:00:00Z

Houston - May 6, 2021 - CenterPoint Energy, Inc. (NYSE: CNP) today reported income available to common shareholders of $334 million, or $0.56 per diluted share, for the first quarter of 2021, compared to a loss available to common shareholders of $1,228 million, or a loss of $2.44 per diluted share, for the first quarter of 2020. First quarter 2020 results included after-tax non-cash impairment charges related to our midstream investments.

Q1 2021 earnings of $0.56 per diluted share; $0.59 per diluted share on a non-GAAP basis, including strong results from utility operations of $0.47
Reaffirming 2021 Utility EPS guidance (“Utility EPS”) range of $1.24 - $1.26 and reiterating 6% - 8% Utility EPS annual growth rate target
On path to deliver 10% compound annual rate base growth through $16 billion 5-year capital plan
Rollout of our transition to Net-Zero, as part of our ESG strategy, later this year

On a non-GAAP basis, first quarter 2021 earnings were $0.59 per diluted share, with $0.47 per diluted share from utility operations, and $0.12 per diluted share from midstream investments, compared to $0.50 per diluted share from utility operations and $0.10 per diluted share from midstream investments in first quarter 2020. The utility growth drivers, including organic growth, rate recovery and ongoing cost management contributed $0.09 per diluted share of favorable variance when compared to the first quarter of 2020. This was offset by the impact of $0.12 negative variance attributable to the May of 2020 equity issuance and one-time CARES Act benefit in the first quarter of 2020.

"The increasing strength of our utility operations contributed to our strong first quarter results," said Dave Lesar, President and Chief Executive Officer of CenterPoint Energy. "We are developing a consistent track record of delivering on our financial and strategic objectives that we outlined during our 2020 Investor Day."

Lesar added, "Regarding our financial objectives, we are reaffirming our 2021 Utility EPS range of $1.24 - $1.26. In addition, we are on a path to deliver on our industry-leading 10% compound annual rate base growth target which is supported by our current $16 billion 5-year capital plan. These investments, coupled with our O&M discipline and organic customer growth of approximately 2% per year, will advance us towards delivering on a consistent long-term 6% - 8% Utility EPS annual growth target while keeping rates affordable for our customers."

"Regarding strategic objectives, we recently announced the agreement to sell our Arkansas and Oklahoma gas LDC businesses for $1.725 billion, net of winter storm related gas costs, representing a landmark valuation. At this sales price, we now anticipate that this transaction will provide us with approximately $300 million of incremental after-tax proceeds, compared to our Investor Day plan. These additional proceeds will now allow us the opportunity to begin to invest above our current $16 billion capital plan after the sale closes."

"Another strategic goal we are targeting later this year is the roll out of an industry-leading Net Zero ESG plan which is also in line with our commitments from Investor Day. I strongly believe that the strategy we laid out and the progress we have made so far more than demonstrates the unique value proposition CenterPoint offers," said Dave Lesar.

Earnings Outlook

Given the recently announced merger between Enable and Energy Transfer, CenterPoint Energy will only be presenting a Utility EPS guidance 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 non-GAAP income and non-GAAP diluted earnings per share. 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 non-GAAP income and non-GAAP 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 non-GAAP income and non-GAAP diluted earnings per share 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 Vectren 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 non-GAAP 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-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 March 31, 2021. 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, May 6, 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 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 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, or proceeds from the merger between Enable and Energy Transfer or the sale of our Arkansas and Oklahoma gas LDC businesses, customer rate affordability, value creation, opportunities and expectations, ESG strategy, including transition to Net-Zero, or ESG plan rollout 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) the integration of the businesses acquired in the merger with Vectren Corporation (Vectren), including the integration of technology systems, and the ability to realize additional benefits and commercial opportunities from the merger;

(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 regulatory proceedings and actions and legal proceedings, including those related to the February 2021 winter storm event; (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, and timely and appropriate rate actions that allow recovery of costs and a reasonable return on investment, including costs associated with the February 2021 winter storm event; (13) CenterPoint Energy's or Enable's potential business strategies and strategic initiatives, restructurings, joint ventures and acquisitions or dispositions of assets or businesses, including the announced sale of our Natural Gas businesses in Arkansas and Oklahoma, which may not be completed or result in the benefits anticipated by CenterPoint Energy, 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 March 31, 2021 Form 10-Q and 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.

Q1 2021 Financial Table

Recent News

CenterPoint Energy Announces “Hurricane Readiness Week” to Highlight Resiliency and Readiness Actions with Official Start of Hurricane Season

With National Weather Service forecasting 8 - 14 named storms this year, CenterPoint highlights Greater Houston Resiliency Initiative (GHRI) improvements, enhanced weather monitoring and opening a new Emergency Operations Center to better prepare and ready its response for customers this hurricane season

CenterPoint encourages customers to sign up for its Power Alert Service^® to receive real-time updates about their service throughout hurricane season

HOUSTON – June 2, 2026 – Today, with the start of the 2026 Atlantic hurricane season, CenterPoint is kicking off its “Hurricane Readiness Week," building on Governor Greg Abbott's proclamation last week recognizing May 25 - 30 as Hurricane Preparedness Week in Texas, and sharing a series of critical actions completed to date and underway to strengthen the energy system and keep customers informed.

This season, the National Weather Service predicts 8 to 14 named storms for the Atlantic basin, with 3 - 6 forecast to become hurricanes. To prepare, CenterPoint has prioritized critical resiliency and storm preparedness actions, and throughout the summer will continue to coordinate with local emergency officials and local stakeholders and help customers better prepare for potential severe weather by hosting community events across Greater Houston.

“Preparing for emergencies, like hurricanes, is a year-round priority for our 8,800-strong CenterPoint team. From leveraging state-of-the art weather models and our own network of weather stations, to enhancing how we stage personnel and resources, our teams are prepared with the advanced tools and technology needed to perform at our best for our customers. We're also making critical investments in Houston's energy grid to improve storm resiliency and prepare our crews to respond safely and efficiently when storms strike. Together with local emergency leaders, we stand ready to support our communities before, during and after any severe weather event," said Don Daigler, CenterPoint's Senior Vice President, Emergency Preparedness and Response.
Preparing for the 2026 Hurricane Season: Critical Actions
CenterPoint has taken a series of actions to prepare for the upcoming hurricane season, including:

Completing critical resiliency upgrades, including installing storm-resilient poles, clearing higher-risk vegetation and undergrounding power lines across the system to improve system reliability and preventing 150 million customer outage minutes by the end of 2026.
Introducing a new way for customers to track GHRI upgrades and enhancements through a new online Community Progress Tracker.
Opening a new Emergency Operations Center to support CenterPoint's year-round situational awareness and emergency response readiness and coordinate closely with emergency response partners, local and state officials, media and other key stakeholders.
Enhancing real-time weather monitoring with 150 new advanced weather stations and state-of-the art models to enhance storm prediction and preparedness.
Executing a full-scale emergency exercise to practice a cross-functional response to a simulated category 3 hurricane with more than 400 CenterPoint team members participating and approximately 100 state and local officials in attendance.
Leveraging advanced technology including improved weather tracking, improved damage models and crew resource management to restore power for customers more efficiently following a storm.
Completing more than 25,000 hours of FEMA trainings across more than 800 employees.
Improving the damage assessment and restoration process to support faster damage identification and power restoration.
Leveraging mutual assistance and vendor partnerships to expand our frontline workforce, when necessary, by up to 20 times to support our future storm or emergency response.

Keeping Customers Informed
During its Hurricane Readiness Week and throughout the 2026 hurricane season, CenterPoint will share updates and resources to help customers stay informed and prepare via social media, advertisements, direct-to-customer emails and through a series of community hurricane preparedness events. Important preparedness and safety information will also be shared before, during and after any major storm or hurricane.

As part of its hurricane preparedness campaign, CenterPoint encourages its customers to enroll in Power Alert Service^® (PAS) to receive outage details, estimated restoration times and customer-specific restoration updates via free texts, phone calls or emails. For example, during the storm period from May 21 to May 27, CenterPoint sent more than 1,383,987 PAS alerts to customers with restoration information to keep them informed in real-time. PAS is critical to provide updates to customers, as well as family and friends. 90% of CenterPoint's customers are enrolled in PAS, and utilizing a variety of communication tools, CenterPoint will be encouraging all unsubscribed customers to sign up to ensure they receive timely updates. Customers can visit CenterPointEnergy.com/PowerAlertService to sign up and learn more.

During emergencies, CenterPoint's Outage Tracker provides customers with outage information and the estimated time of restoration by address, via an interactive map. Customers can also report an outage or hazard with a few simple clicks and is available at CenterPointEnergy.com/OutageTracker.

To help its Critical Care customers prepare, regardless of the weather, CenterPoint performs regular outreach, including phone calls, texts, emails and direct mail, throughout hurricane season. Customers can visit CenterPointEnergy.com/CriticalCare to register or learn more.

For more about CenterPoint's preparedness actions and critical resiliency improvements across Greater Houston, visit: CenterPointEnergy.com/TakingAction.

For b-roll of CenterPoint's full-scale emergency exercise in preparation for the 2026 hurricane season, undergrounding efforts, pole replacements and other resiliency work, click HERE.

CenterPoint Energy Advances Extreme Weather Preparedness and Response Efforts with Integrated, AI‑Driven Planning Platform from Technosylva

HOUSTON – June 1, 2026 – As extreme weather events grow more frequent and complex, CenterPoint Energy is continuing to strengthen how it plans, prepares for and responds to severe weather across its electric and gas service territory in Texas, Indiana, Ohio, and Minnesota, where the company serves approximately 7 million metered customers.

To support faster service restoration for customers following storms, CenterPoint is leveraging a new, integrated planning and operations platform developed in collaboration with Technosylva to deliver better outcomes for its customers and communities. Technosylva is a leading provider of wildfire, flooding, and extreme weather modeling and decision‑support software used by utilities, insurers, and public agencies to better anticipate risk and support operational response.

The platform brings together outage forecasting, high‑wind and winter storm modeling, flood risk insights, and wildfire intelligence into a single, system‑wide view. This integrated approach allows CenterPoint teams to monitor evolving conditions days in advance, align the right crews and resources ahead of impact, and improve restoration planning and response - while keeping customer safety at the forefront and helping reduce outage duration and restoration costs.

“Preparing for extreme weather today requires earlier insight and better coordination than ever before," said Jason Wells, Chair, President and Chief Executive Officer of CenterPoint Energy. “Our goal is to build the most resilient coastal grid in the nation to benefit our customers and communities. Technosylva's product gives us much clearer visibility into where impacts are most likely and allows us to mobilize crews more efficiently, support neighboring utilities when possible, and restore service faster for our customers."

CenterPoint's electric and natural gas systems are exposed to a wide range of weather‑related threats, including hurricanes, flooding, high winds, extreme heat and cold, and winter storms. The platform supports the company's long‑term strategy to strengthen grid resilience, improve operational readiness, and better prepare for increasingly complex weather events, all while reinforcing CenterPoint's continued commitment to its customers who depend on safe, reliable electric and natural gas service.

During recent weather events, CenterPoint teams used the platform's multi‑day outage forecasts and storm impact modeling to assess potential system impacts ahead of time, set appropriate emergency response levels, and pre‑position crews. In high‑wind events, outage forecasts closely aligned with actual system impacts, helping teams translate weather data into actionable response plans with greater confidence.

"CenterPoint Energy's leadership is visionary, investing to get ahead of extreme weather risk, not just to respond to it," said Bryan Spear, CEO of Technosylva. "Serving customers and communities who face the full spectrum of extreme weather, this enhanced risk intelligence platform helps CenterPoint to anticipate and prepare for events, including hurricanes, flooding, severe winds, and wildfire. We are grateful to them for their collaboration in developing our AI-powered platform, which delivers outage forecasting, restoration planning, flood insights, and wildfire intelligence, to help keep the lights on and restore power faster when it matters most."

Beyond immediate storm response, the platform also supports longer‑term planning by improving how flood and extreme weather risk are incorporated into infrastructure and capital investment decisions. As weather patterns evolve and infrastructure ages, asset‑level risk visibility is increasingly important for investments to deliver resilience benefits for customers over time.

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

About Technosylva

Technosylva is the leading provider of wildfire and extreme weather modeling, risk mitigation, and operational response software. Technosylva's market-leading solutions, enhanced by AI and machine learning capabilities, provide real-time and predictive insights into developing wildfire and extreme weather risks to support electric utility, insurance, and government agency customers. Founded in 1997, Technosylva has offices in La Jolla, CA, León, Spain, and Calgary, Canada. Learn more at www.Technosylva.com.

CenterPoint Energy restores power to 122,000 customers impacted by overnight and early morning storms across the Greater Houston area

CenterPoint restores customers impacted by severe overnight thunderstorms, on average, in less than 100 minutes

CenterPoint has returned to normal operations and the Emergency Operations Center has been demobilized

HOUSTON – May 27, 2026 – CenterPoint has taken action to restore power to 122,000 customers impacted by the overnight and early morning thunderstorms across the Greater Houston area with an average restoration time of approximately 100 minutes. While crews are continuing to work to restore power safely and as quickly as possible, CenterPoint's Emergency Operations Center has been demobilized and electric business has returned to normal operations.

“Our customers expect and deserve reliable power, and our teams worked around the clock through significant rainfall to safely and quickly restore service to customers who were impacted by the severe storms. We will continue to prioritize restoring power to the remaining impacted customers, many of whom live in areas that experienced significant weather-related damage, until service has been returned to all of our customers in the Greater Houston area," said Jason Fabre, CenterPoint's Vice President of Special Response and Incident Commander.

Restoration & Response Actions (as of 5 p.m.)

CenterPoint's response today followed thunderstorms moving through parts of the Greater Houston area in the early morning hours, with the strongest activity taking place between 2 and 3 a.m. The scope of CenterPoint's storm response and restoration includes the following actions:

Approximately 2,000 CenterPoint frontline workers and contractors have restored approximately 122,000 customers since storms arrived around 1 a.m. Wednesday morning.
More than 99% of all CenterPoint electric customers currently have power.
Since 1 a.m. Wednesday, more than 162,000 Power Alert Service^® messages have been shared directly with customers.

Across our network of 150 weather stations, we recorded the following with Wednesday's severe thunderstorms:

Isolated strong wind gusts of up to 48 mph

Widespread winds up to 38 mph

Isolated rainfall totals of up to 2.65 inches
Approximately 6,000 lightning strikes between 12 a.m. and 5 a.m. across Houston were recorded via a third-party (Vaisala)

Important ways to stay connected to CenterPoint: Power Alert Service

Customers can enroll in the company's Power Alert Service® to receive outage details, estimated restoration times and customer-specific restoration updates via phone call, email or text. Customers can also stay up to date with CenterPoint's Outage Tracker, which allows customers to see outages by county, city and ZIP code.

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

CenterPoint Energy prioritizes affordability and reliability actions at Indiana Utility Regulatory Commission’s Summer Reliability Forum

EVANSVILLE, Ind. – May 26, 2026 – Local CenterPoint Energy Indiana leaders met last week with the Indiana Utility Regulatory Commission (IURC), as part of the state's Summer Reliability Forum, to detail the suite of actions it's taking to strengthen day-to-day reliability this summer, while continuing to prioritize affordability and opportunities for southwestern Indiana customers to save energy.

“We remain focused on what matters most to our customers – delivering reliable power every day. As we head into summer cooling season, higher temperatures may drive increased energy demand, and seasonal bills can be challenging for Hoosier families and businesses. In response, we've taken a series of actions to strengthen the electric grid, and to make our customers more aware of ways they can save energy," said Mike Roeder, President, CenterPoint Energy Indiana.

Strengthening Summer Reliability & Preparedness
CenterPoint's annual IURC presentation detailed the scope of actions that have already been taken ahead of the summer season to support day-to-day reliability and meet expected spikes in energy demand, including:

Secure Fuel: Securing the necessary fuel supply to meet increases in energy demand during peak summer demand;
Diversified Generation Mix: Maintaining a diversified generation and power supply portfolio to meet forecasted customer demand;
Targeted Maintenance: Completing planned system maintenance of critical equipment, including substations, ahead of the cooling season;
Improving Grid Resiliency: Continuing infrastructure investments and grid modernization that have reduced equipment-related outage minutes by 57% since 2018; and
Improving Emergency Response: Enhancing operational emergency response plans to support effective public and customer communications, and better coordination with emergency partners and local officials during emergency events.

Supporting Customers during Summer Cooling Season
As part of its ongoing commitment to customer affordability, CenterPoint also shared with the IURC the resources and programs available to customers to help save energy and reduce energy costs this summer, including:

No-Cost Home Energy Assessments: In-home evaluation and a customized energy report at no cost to customers, which could include the installation of energy-saving products.
Levelized Billing Option: Allowing customers to spread energy costs more evenly across the year to reduce seasonal bill swings.
TimeWise Pilot: A voluntary program that allows customers to save costs by shifting energy use to off-peak hours.
Online Energy Efficiency Store: Rebates and tools to help customers improve home efficiency.
Payment Assistance Programs: Offering flexible payment arrangements and extensions for customers who need more time to manage energy costs.

More information about the programs and resources available to help customers save energy and costs this summer can be found at CenterPointEnergy.com/ResourceHub.

Community Actions: Key Updates
Since 2025, CenterPoint has announced a series of affordability and community actions, including a commitment to keeping electric base rates stable through 2027, coupled with a $5 million contribution to the Community Energy Improvement Fund to help make customer homes more energy efficient. Most recent efforts to help its Southwestern Indiana customers also include:

Pursuing bill-lowering opportunities, by attracting a large load customer to southwestern Indiana, which could lower existing customer bills by more than $250 million over 15 years;
Expanding in-person support, by opening new walk-in customer support and payment services at CenterPoint Energy Plaza in Downtown Evansville; and
Expanding in-person Community Connect events to share important cost and energy saving programs, resources and information with customers.

CenterPoint Energy continues taking action and is ready to respond to the next wave of severe weather forecasted to impact the Greater Houston area

HOUSTON – May 26, 2026 – CenterPoint Energy continues to actively monitor weather conditions and prepare for potentially severe thunderstorms forecasted to impact the Greater Houston area overnight Tuesday and Wednesday morning. The actions CenterPoint is taking to prepare include pre-positioning crews and resources to safely restore power to customers impacted by the storms as quickly as possible. CenterPoint's Emergency Operations Center (EOC) remains activated to monitor the evolving weather conditions and plan and coordinate its storm response efforts.

“Our crews worked day and night over the Memorial Day holiday weekend to safely and quickly restore customers impacted by severe weather and we will continue to monitor forecasts and take action to prepare for, and respond to, the next wave of potentially severe thunderstorms forecasted to impact the region this week. We encourage all our customers across the Greater Houston area to prepare and stay safe in anticipation of quickly changing weather conditions," said Jason Fabre, CenterPoint's Vice President of Special Response and Incident Commander.

Preparing for Severe Weather: Key Actions
As part of its continuing preparedness efforts ahead of the next wave of forecasted storms later this week, CenterPoint is taking the following actions:

Maintaining an enhanced readiness posture: CenterPoint's Emergency Operations Center remains activated and the company continues to monitor the forecasted severe weather and coordinate its storm response efforts.
Pre-positioning the company's workforce and resources: Preparing its enhanced workforce to support storm restoration efforts.
Monitoring severe weather 24/7: The Meteorology team continues to track severe weather, including forecasts for significant rain, storm winds and thunderstorms, and will update response efforts as conditions evolve.
Coordinating with local officials: CenterPoint continues to coordinate with local officials and emergency management partners on preparedness efforts.
Communicating proactively with customers: As part of its storm response, CenterPoint will continue to provide safety and preparedness information directly with customers via email, phone and text, across social media platforms and other channels.

Emergency Communications: Sign Up for Power Alert Service®

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

Emergency Preparations: What Customers Can Do to Stay Safe

CenterPoint urges the public to put their safety first and prepare in advance for extreme weather by having a safety plan ready, especially for those who rely on electricity for life-sustaining equipment or medical needs. Customers can find safety tips to help them prepare at CenterPointEnergy.com/ActionCenter.

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