CenterPoint Energy receives approval for 400 megawatts of renewable energy serving southwestern Indiana
CenterPoint Energy receives approval for 400 megawatts of renewable energy serving southwestern Indiana
2021-10-27T05:00:00Z

EVANSVILLE, Ind., Oct. 27, 2021 - CenterPoint Energy, Inc. (NYSE: CNP) today announced its Indiana-based electric and natural gas business, CenterPoint Energy Indiana South, received approval from the Indiana Utility Regulatory Commission to acquire a 300-megawatt (MW) solar array, as well as enter into a power purchase agreement (PPA) for an additional 100 MWs of solar energy as part of the company's long-term electric generation transition plan.

CenterPoint Energy entered into an agreement with Arevon Energy Management, the company that will build the utility-owned project in Posey County, Ind. The agreement required approval by the Commission.  Arevon Energy Management and energy company Tenaska are co-developing the project. CenterPoint Energy will also purchase additional solar power from Clēnera, which is developing a solar project in Warrick County, Ind., under a 25-year contract.

Together, the approval of these renewable energy projects solidifies the next component of CenterPoint Energy's long-term electric generation transition plan, meeting stakeholder sustainability goals, and implementing the most economic path forward as outlined in the company's Integrated Resource Plan. The continued build out of renewable resources is reflective of CenterPoint Energy's commitment to renewable resources and its net-zero carbon by 2035 emissions goals. More information on the company's net-zero goals can be found at www.sustainability.centerpointenergy.com

"We're pleased to receive regulatory approval to move forward with these significant renewable resources, which will serve our local electric customers, providing a cost-effective, stable energy option," said Steve Greenley, Senior Vice President, Indiana Electric Operations for CenterPoint Energy. "We look forward to the continued work with these companies to bring the Posey County solar array to fruition and provide additional clean energy to our customers through the Warrick County PPA."  

Construction of the solar project with Arevon Energy Management is scheduled to be in service by 2023. The initial construction phase will require establishing a sub-station to interconnect with CenterPoint Energy's power grid. The solar array is anticipated to generate enough power to meet the needs of more than 50,000 households per year, while also helping large customers achieve their individual sustainability goals.

Clēnera projects its solar array will be in service by 2023. CenterPoint Energy's PPA entitles it to 100 MW of the array, which will generate enough power to meet the needs of more than 18,500 homes per year.

Programs and services are operated under the brand CenterPoint Energy by Southern Indiana Gas and Electric Company d/b/a CenterPoint Energy Indiana South. 

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 CenterPoint Energy's long-term electric generation transition plan and expected timing, benefits and generation mix resulting therefrom, expected timing of completion and power to be generated from the solar projects related to the solar array and PPA, the ability to meet CenterPoint Energy's net zero goals on the timeline indicated, 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; (8) growth in CenterPoint Energy's service territory and changes in market demand; (9) CenterPoint Energy's ability to execute on operations initiatives, targets and goals; and (10) other factors, risks and uncertainties discussed in CenterPoint Energy's Annual Report on Form 10-K for the fiscal year ended December 31, 2020, CenterPoint Energy's Quarterly Reports on Form 10-Q for the quarters ended March 31, 2021 and June 30, 2021 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 June 30, 2021, the company owned approximately $36 billion in assets and also owned 53.7 percent of the common units representing limited partner interests in Enable Midstream Partners, LP, a publicly traded master limited partnership that owns, operates and develops strategically located natural gas and crude oil infrastructure assets. With approximately 9,500 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.

For more information, contact
Media Relations
Media.Relations@CenterPointEnergy.com

 

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CenterPoint Energy’s green hydrogen facility is first ever to register and issue certificates on M-RETS Renewable Thermal tracking platform

​MINNEAPOLIS – December 1, 2022 – CenterPoint Energy (NYSE: CNP), Minnesota's largest natural gas utility, has registered its Minneapolis green hydrogen facility on the M-RETS® Renewable Thermal Tracking System to track renewable thermal certificates (RTCs).  CenterPoint Energy's facility, which began operations earlier this year, is the first-ever green hydrogen facility to register with a tracking system in North America and the company is receiving the nation's first RTCs issued for green hydrogen.

RTCs are a tool that represents the environmental attributes associated with renewable natural gas and other renewable thermal commodities, including green hydrogen. CenterPoint Energy plans to retire the RTCs generated from its green hydrogen facility on behalf of its customers.

"We are proud to collaborate with CenterPoint Energy on making green hydrogen RTCs available in the M-RETS Renewable Thermal tracking system," said Ben Gerber, M-RETS President, and CEO. "With new incentives in the Inflation Reduction Act, green hydrogen-producing facilities will grow. This is an important step to establishing the market."

M-RETS manages the RTC platform that validates the environmental attributes of renewable fuels and issues a traceable digital certificate for every dekatherm produced by a renewable thermal generator. RTCs empower buyers to trace and claim renewable fuel consumption from specific facilities across the United States and Canada, allowing them to address the emissions attributable to their natural gas usage.

M-RETS created its Renewable Thermal tracking system in 2020 to increase transparency, spur market development for industries that cannot be electrified, and provide the value and liquidity necessary to support renewable thermal projects. Zero- or low-carbon fuels such as green hydrogen and renewable natural gas offer an alternative to fossil fuels, providing an essential resource for companies to lower their emissions from energy use.

"CenterPoint Energy is committed to evaluating innovative solutions that help reduce emissions to support a cleaner energy future," said Scott Doyle, Executive Vice President, Utility Operations. "With our green hydrogen pilot facility, we are exploring the potential of this zero-carbon energy resource to supplement the conventional natural gas delivered through our local distribution systems to benefit both our customers and the environment."

CenterPoint Energy's green hydrogen system in Minneapolis uses renewable electricity and purified water to produce 60 dekatherms of hydrogen within a 24-hour period. The green hydrogen is added to natural gas in a portion of the utility's local distribution pipeline system, reducing the carbon impact of the gas when burned.

Last year, CenterPoint Energy announced carbon reduction goals to achieve net-zero emissions for certain scope 1 and 2 emissions by 2035 and to reduce its residential and commercial customers' scope 3 emissions by 20-30% by 2035.  The company also expects to use a new state law in Minnesota, the Natural Gas Innovation Act, as an opportunity to evaluate investments in zero- or low-carbon energy resources and technologies.

About M-RETS®

M-RETS® envisions a future powered by clean, sustainable energy practices that prioritize our environment, stimulate our economy, and help our world thrive. As an innovative not-for-profit organization made up of environmental experts, we help generators and suppliers across North America track generated renewable energy outputs and other sustainable resources to place a dollar value on environmental benefits. Through our online platform and trusted quality data, M-RETS is building the transformational digital infrastructure critical for a thriving, decarbonized economy. To learn more, visit MRETS.org.

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, Louisiana, Minnesota, Mississippi, Ohio and Texas. As of September 30, 2022, the company owned approximately $35 billion in assets. With approximately 8,900 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.

Forward Looking Statement:

This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this news release, the words "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "goal," "intend," "may," "objective," "plan," "potential," "predict," "projection," "should," "target," "will" or other similar words are intended to identify forward-looking statements. These forward-looking statements are based upon assumptions of management which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. Actual events and results may differ materially from those expressed or implied by these forward-looking statements. Any statements in this news release regarding future events, such as the growth of green hydrogen, the benefits to the company of green hydrogen, including from tracking green hydrogen, 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 disruption to the global supply chain; (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, 2021, CenterPoint Energy's Quarterly Reports on Form 10-Q for the quarters ended March 31, 2022, June 30, 2022 and September 30, 2022 and other reports CenterPoint Energy or its subsidiaries may file from time to time with the Securities and Exchange Commission.

Net Zero Disclaimer

While CenterPoint Energy believes that it has a clear path towards achieving its net zero emissions (Scope 1 and Scope 2) by 2035 goals, its analysis and path forward required it to make a number of assumptions. These goals and underlying assumptions involve risks and uncertainties and are not guarantees. Should one or more of its underlying assumptions prove incorrect, its actual results and ability to achieve net zero emissions by 2035 could differ materially from its expectations. Certain of the assumptions that could impact its ability to meet its net zero emissions goals include, but are not limited to: emission levels, service territory size and capacity needs remaining in line with company expectations (inclusive of changes related to the sale of its Natural Gas businesses in Arkansas and Oklahoma); regulatory approval of Indiana Electric's generation transition plan; impacts of future environmental regulations or legislation; impacts of future carbon pricing regulation or legislation, including a future carbon tax; price, availability and regulation of carbon offsets; price of fuel, such as natural gas; cost of energy generation technologies, such as wind and solar, natural gas and storage solutions; adoption of alternative energy by the public, including adoption of electric vehicles; rate of technology innovation with regards to alternative energy resources; our ability to implement our modernization plans for our pipelines and facilities; the ability to complete and implement generation alternatives to Indiana Electric's coal generation and retirement dates of Indiana Electric's coal facilities by 2035; the ability to construct and/or permit new natural gas pipelines; the ability to procure resources needed to build at a reasonable cost, the lack of scarcity of resources and labor, the lack of any project cancellations, construction delays or overruns and the ability to appropriately estimate costs of new generation; impact of any supply chain disruptions; and enhancement of energy efficiencies. In addition, because Texas in an unregulated market, CenterPoint Energy's Scope 2 estimates do not take into account Texas electric transmission and distribution assets in the line loss calculation and exclude emissions related to purchased power between 2024E-2026.  CenterPoint Energy's Scope 3 estimates are based on the total natural gas supply delivered to residential and commercial customers as reported in the U.S. Energy Information Administration (EIA) For EIA-176 reports and do not take into account the emissions and transport customers and emissions related to upstream extraction.  Please also review the section entitled "Forward Looking Statement" in this news release. 


As temperatures drop, CenterPoint Energy offers tips to save energy and stay safe while keeping warm

Evansville –Nov. 17, 2022 – As temperatures drop below freezing this week, CenterPoint Energy is reminding its customers about simple energy-saving and safety steps they can take to help lower their heating bills while continuing to stay safe and warm in the cold weather.

Energy-Saving Tips

  • Make sure your heating system is operating safely and efficiently. An annual inspection and tune-up is recommended, and make sure it is performed by a qualified technician.
  • Change or clean your furnace filter regularly. Good air flow is essential for maximizing the efficiency and life of your furnace.
  • Turn down the thermostat. Lower it by 10 degrees at night or when you're away for at least eight hours. You can potentially save 10% on your space heating costs. With a programmable thermostat, it's easy to have your heating system work around your schedule.  
  • Make your home more airtight to keep warm air in and cold air out. Use caulk or weather-stripping to seal leaks around doors, windows and other openings such as pipes or ducts. Close fireplace dampers when not in use so you don't lose heat.
  • Keep curtains and blinds open during the day to allow the sun's heat to warm your house. Close curtains and blinds at night so you don't lose heat when the sun goes down.

 
Safety Tips

  • 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.
  • Test your carbon monoxide (CO) and smoke alarms to make sure they work properly. Change batteries regularly. Alarms don't last forever, so replace according to the manufacturer's instructions. 
  • Know the signs of CO poisoning. Early symptoms such as headache and fatigue are similar to the flu, but without a fever. Continued CO exposure can lead to more severe headaches, dizziness, nausea, difficulty thinking clearly and fainting. If everyone in a household is experiencing symptoms, it may be CO poisoning. Get fresh air immediately and call 911.
  • Immediately report a suspected natural gas leak. If you smell the "rotten egg" odor of natural gas, immediately leave on foot, go to a safe location and call both 911 and CenterPoint Energy at 800-227-1376. Don't use electric switches/outlets, phones (including cell phones), drive or start a car inside or close to the location, or do anything that could cause a spark.

 
Customers who believe they may have trouble paying their heating bills this winter should contact CenterPoint Energy to set up a payment arrangement and find out if they are eligible for energy assistance that can help pay their bills. To learn more, visit CenterPointEnergy.com/EnergyforIndiana.

###

As temperatures drop, CenterPoint Energy offers tips to save energy and stay safe while keeping warm

Dayton – Nov. 17, 2022 – As temperatures drop below freezing this week, CenterPoint Energy is reminding its customers about simple energy-saving and safety steps they can take to help lower their heating bills while continuing to stay safe and warm in the cold weather.

Energy-Saving Tips

  • Make sure your heating system is operating safely and efficiently. An annual inspection and tune-up is recommended, and make sure it is performed by a qualified technician.
  • Change or clean your furnace filter regularly. Good air flow is essential for maximizing the efficiency and life of your furnace.
  • Turn down the thermostat. Lower it by 10 degrees at night or when you're away for at least eight hours. You can potentially save 10% on your space heating costs. With a programmable thermostat, it's easy to have your heating system work around your schedule.  
  • Make your home more airtight to keep warm air in and cold air out. Use caulk or weather-stripping to seal leaks around doors, windows and other openings such as pipes or ducts. Close fireplace dampers when not in use so you don't lose heat.
  • Keep curtains and blinds open during the day to allow the sun's heat to warm your house. Close curtains and blinds at night so you don't lose heat when the sun goes down.

 
Safety Tips

  • 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.
  • Test your carbon monoxide (CO) and smoke alarms to make sure they work properly. Change batteries regularly. Alarms don't last forever, so replace according to the manufacturer's instructions. 
  • Know the signs of CO poisoning. Early symptoms such as headache and fatigue are similar to the flu, but without a fever. Continued CO exposure can lead to more severe headaches, dizziness, nausea, difficulty thinking clearly and fainting. If everyone in a household is experiencing symptoms, it may be CO poisoning. Get fresh air immediately and call 911.
  • Immediately report a suspected natural gas leak. If you smell the "rotten egg" odor of natural gas, immediately leave on foot, go to a safe location and call both 911 and CenterPoint Energy at 800-227-1376. Don't use electric switches/outlets, phones (including cell phones), drive or start a car inside or close to the location, or do anything that could cause a spark.

 
Customers who believe they may have trouble paying their heating bills this winter should contact CenterPoint Energy to set up a payment arrangement and find out if they are eligible for energy assistance that can help pay their bills. To learn more, visit CenterPointEnergy.com/NaturalGasCost.

CenterPoint Energy offering bill assistance and energy-saving resources as energy market prices remain on the rise

Houston – Nov. 9, 2022 – CenterPoint Energy is encouraging customers to take action now to help manage natural gas bills for the upcoming heating season. The company's Texas natural gas territory today announced customers will see an incremental increase in their natural gas bills when compared to those of last winter, assuming normal winter weather, due primarily to natural gas market conditions. Customers can take advantage of CenterPoint Energy's array of payment assistance options as well as energy-saving tips to help mitigate the impact to bills.

  • Increase in natural gas bills primarily driven by continued natural gas price surge
  • Customers encouraged to prepare now for managing their energy bills
  • Company encourages customers to utilize assistance programs, various payment options and energy-saving tips 

"We recognize that our customers have concerns about their heating bills this winter, mainly due to the higher market prices of natural gas," said Tal Centers, Vice President, Texas Gas. "While the cost of natural gas makes up the largest portion of a customer's monthly heating bill, the price we pay in the market for natural gas is the same price we charge our customers – with no markup."

Heating with natural gas remains significantly more cost-effective than the alternatives of electricity, propane or heating oil. Bills will vary by customer depending on the size and age of the home, number of gas appliances, number in the household, thermostat settings and levels of insulation.

CenterPoint Energy also encourages customers to utilize the following resources should they need bill assistance or energy savings tips.

  • Federal Utility Assistance Dollars: Those needing bill assistance should determine if they qualify for federal utility assistance dollars through the Low Income Home Energy Assistance Program (LIHEAP). In Texas, LIHEAP funds are administered through the Texas Department of Housing and Community Affairs' Comprehensive Energy Assistance Program (CAEP). The CEAP is administered through subrecipients, which collectively cover all counties across the state.
    Visit https://www.tdhca.state.tx.us/community-affairs/ceap/.
  • Due Date Extension and Payment Arrangement: These are two free offerings which are available to customers in need of a special payment plan on a temporary basis in order to keep service connected and manage energy costs.
  • Average Monthly Bill: Under this billing plan, a customer's estimated costs for a year of gas service are spread in equal monthly bill amounts for the year. This leveling of monthly bill amounts reduces the need to pay the full amount in the winter and spreads some of those higher bill charges into the non-heating months. Amounts are adjusted each summer for actual costs, and the customer's credit or amount due rolls into the next Budget Bill payment for the next 12-month period. Customers can enroll for free on www.centerpointenergy.com or by calling 1-800-227-1376.

 
"We recognize the financial hardships our customers may be facing this heating season, and we want to encourage them to contact us for options to assist in managing costs prior to their first high bill of the heating season," said Centers. "We are committed to helping our customers manage their bills to ease the impact of higher energy costs."


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 Indiana, Louisiana, Minnesota, Mississippi, Ohio and Texas. As of June 30, 2022, the company owned approximately $35 billion in assets. With approximately 8,900 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.


CenterPoint Energy offering bill assistance and energy-saving resources as energy market prices remain on the rise

Mississippi – Nov. 9, 2022 – CenterPoint Energy is encouraging customers to take action now to help manage natural gas bills for the upcoming heating season. The company's Mississippi natural gas territory today announced customers will see an incremental increase in their natural gas bills when compared to those of last winter, assuming normal winter weather, due primarily to natural gas market conditions. Customers can take advantage of CenterPoint Energy's array of payment assistance options as well as energy-saving tips to help mitigate the impact to bills.

  • Increase in natural gas bills primarily driven by continued natural gas price surge
  • Customers encouraged to prepare now for managing their energy bills
  • Company encourages customers to utilize assistance programs, various payment options, rebate programs and energy-saving tips

The average CenterPoint Energy customer bill in Mississippi is expected to be roughly $70, based on annual usage for natural gas service. This represents about a $20 increase over last year's average bill where the increase is primarily due to the rise in cost of natural gas.

"We recognize that our customers have concerns about their heating bills this winter, mainly due to the higher market prices of natural gas," said Tony Gardner, Vice President, Louisiana and Mississippi Gas. "While the cost of natural gas makes up the largest portion of a customer's monthly heating bill, the price we pay in the market for natural gas is the same price we charge our customers – with no markup."

The Energy Information Administration continues to recognize natural gas as the most affordable heating source, according to a report recently issued. Heating with natural gas remains significantly more cost-effective than the alternatives of electricity, propane or heating oil. Bills will vary by customer depending on the size and age of the home, number of gas appliances, number in the household, thermostat settings and levels of insulation.

CenterPoint Energy also encourages customers to utilize the following resources should they need bill assistance or energy savings tips.

  • Federal Utility Assistance Dollars: Those needing bill assistance should determine if they qualify for federal utility assistance dollars through the Low Income Home Energy Assistance Program (LIHEAP). In Mississippi, LIHEAP funds are administered through the Mississippi Department of Human Services' Division of Community Services. Assistance is administered through subrecipients across the state. Visit https://www.mdhs.ms.gov/community-services/liheap/.
  • Due Date Extension and Payment Arrangement: These are two free offerings which are available to customers in need of a special payment plan on a temporary basis in order to keep service connected and manage energy costs.
  • Budget Bill: Under this billing plan, a customer's estimated costs for a year of gas service are spread in equal monthly bill amounts for the year. This leveling of monthly bill amounts reduces the need to pay the full amount in the winter and spreads some of those higher bill charges into the non-heating months. Amounts are adjusted each summer for actual costs, and the customer's credit or amount due rolls into the next Budget Bill payment for the next 12-month period. Customers can enroll for free on www.centerpointenergy.com or by calling 1-800-227-1376.

 
"We recognize the financial hardships our customers may be facing this heating season, and we want to encourage them to contact us for options to assist in managing costs prior to their first high bill of the heating season," said Tony Gardner. "We are committed to helping our customers manage their bills to ease the impact of higher energy costs."

CenterPoint Energy's natural gas service territory delivers natural gas to approximately 4.2 million homes and businesses in six states: Indiana, Louisiana, Minnesota, Mississippi, Ohio, and Texas.

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 Indiana, Louisiana, Minnesota, Mississippi, Ohio and Texas. As of June 30, 2022, the company owned approximately $35 billion in assets. With approximately 8,900 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.