CenterPoint Energy prepares for winter weather conditions
Company focused on safe, reliable delivery of service to customers in Texas
2022-01-18T06:00:00Z

​Houston – Jan. 18, 2022 – CenterPoint Energy has made preparations for the potential impact from cold temperatures that might affect the region during the remaining winter months. The company is focused on service reliability and continuously prepares for seasonal weather events.

“From cold fronts to hurricanes, we are constantly monitoring weather conditions that could impact our ability to serve our customers. Our preparations take place year-round in anticipation of the various potential seasonal events that occur in our area,” said Scott Doyle, Executive Vice President, Utility Operations. “Whenever severe weather is expected, we begin preparations, start executing on established restoration plans, and deploy the necessary personnel, resources and equipment to restore electricity and natural gas service as safely and quickly as possible.”

Doyle added, “Since the February 2021 winter storm, we have taken additional steps and measures to ensure that we are ready and prepared for winter weather across greater Houston and surrounding communities.”

Some of CenterPoint Energy’s winter weather preparations include: 

  • Completed additional emergency preparedness training to ensure personnel are ready to respond to extreme events.
  • Worked with suppliers to ensure necessary materials for restoration efforts.
  • Hardened transmission system to enhance resiliency.
  • Undergone additional thorough inspections to ensure electrical facilities, including substations and main feeder lines, are ready for high demand and cooler temperatures. This is in addition to regularly scheduled facility inspections and maintenance. 
  • Completed field inspections in accordance with Winter Weather Readiness requirements from the Public Utility Commission of Texas (PUCT) and the Electric Reliability Council of Texas (ERCOT), and recent legislation.
  • Complied with the Federal Energy Regulatory Commission, North American Electric Reliability Corporation, Railroad Commission of Texas and PUCT, following all weatherization rules.  
  • Met with regulators, local and state elected officials, and emergency management personnel across its service territory to better understand community needs, including communications, response plans and critical facility designations.
  • Expanded customer weatherization programs targeted toward limited and low-income households.
  • Deployed a voluntary load management program to reduce non-residential customers’ electric consumption for short periods during emergency events so more residential power can remain on.
  • Leveraged enhanced system load rotation automation technology to allow customers to have more regular and predictable outage intervals should a load shed event occur.
  • Received and processed more than 100 critical load applications related to the natural gas industry since the February 2021 winter storm. 
  • Coordinated communications plan in place to inform customers about weather conditions, potential impact on service, and the company’s restoration efforts to its customers through various channels, including Facebook, Twitter, Power Alert Service, Outage Tracker and its website.

In addition, the Texas Legislature passed several new laws in 2021 that provide Transmission and Distribution Utilities (TDUs), like CenterPoint Energy, with new capabilities to further improve reliable energy delivery for their customers, including temporary, limited emergency energy generation during certain widespread outages, as described below. 

CenterPoint Energy has entered into lease agreements with Life Cycle Power, a company that employs a diverse fleet of mobile dual-fuel turbine generators, for emergency back-up generation resources. Through the agreements, CenterPoint Energy will receive up to approximately 500 megawatts of total capacity to be deployed across its greater Houston electric footprint. The mobile generation would support the grid and could allow up to hundreds of thousands of homes and businesses, that could otherwise be without power, to have electricity during an extreme emergency event.

CenterPoint Energy President and CEO Dave Lesar said, “We have made and will continue to make prudent, strategic investments to support of the safety, reliability and resiliency of our systems for the benefit of our customers and communities.”

Lesar added, “As the ‘poles and wires’ company that delivers energy to our customers, the temporary back-up mobile generation resources will be critical in aiding our ability to continue serving customers during future widespread power outages from weather events or other unanticipated widespread outages across our electric footprint here in Texas. They will also help us to support ERCOT when it calls for a load shed event and ultimately help our customers.”

Under the new statute, a “widespread power outage” is an event that results in a loss of electric power that affects a significant number of distribution customers of a TDU; that has lasted or is expected to last for at least eight hours; and that results in a risk to public safety. TDUs may use temporary back-up generation resources during widespread power outages in which ERCOT has ordered a TDU to shed load or the TDU’s distribution facilities are not being fully served by the bulk power system under normal operations.

The company’s natural gas system performed very well during the February 2021 winter storm, with customers experiencing minimal impact. As part of its continuous improvement efforts, CenterPoint Energy also took additional steps to enhance natural gas service reliability in the greater Houston area and surrounding communities: 

  • Reinforced natural gas system with multiple reliability and capacity improvement projects.
  • Identified and assigned technicians to key stations ahead of cold weather events.
  • Adjusted locations of electronic pressure monitoring devices to monitor system low points, based on customer growth.
  • Added a fourth propane-air peak shaving facility to supplement natural gas supply to CenterPoint Energy’s natural gas distribution system, enhancing reliability for customers during periods of peak demand.
  • Coordinated with the Texas Energy Reliability Council and Railroad Commission of Texas to identify and ensure operations of critical gas infrastructure for natural gas and electric grid reliability.

CenterPoint Energy continues to encourage customers to have an emergency plan, especially if they depend on electricity for life-sustaining equipment and natural gas or electricity to heat their homes. 

For the latest information on power outages:




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CenterPoint Energy announces plans to continue enhancement of reliability, resiliency and safety of its electric infrastructure

​Evansville – May 24, 2023 – CenterPoint Energy Inc.'s (“CenterPoint Energy") Indiana-based electric business today announced plans to further enhance the reliability, resiliency and safety of its infrastructure, filing a five-year plan with the Indiana Utility Regulatory Commission (IURC) to continue execution of the company's electric infrastructure improvement strategy.​

The proposed nearly $455 million plan, which will fund more than 300 projects, is the next phase of the modernization work originally approved by the IURC in 2017. Over the next five years, CenterPoint Energy plans to continue making strategic long-term infrastructure investments to maintain and enhance reliability and resiliency, manage life-cycle assets from aging equipment, and modernize the grid for customer benefit, while striving to safely deliver service.

“We are continuing our modernization and infrastructure investments to enhance the reliability and resiliency of our electric grid and allow for greater flexibility to meet the current and future energy needs of our customers," said Richard Leger, Senior Vice President, Indiana Electric. “Additionally, these investments will replace aging equipment, which is expected to reduce equipment malfunction, restoration costs and the number of outages our customers experience during both blue-sky days and extreme weather events."

During the first phase of the modernization program, CenterPoint Energy replaced and installed more than 220 miles of overhead conductors, 125 miles of underground conductors and 135 substation circuit breakers. Also, more than 2,600 transmission and 8,600 distribution structures were replaced or installed, and nearly 130 miles of transmission line were upgraded or installed.

The second phase of proposed enhancements will include:  

  • Overhead 12kV circuit rebuilds to replace aged conductors, poles, hardware and equipment to satisfy more robust construction standards and incorporate looping to improve reliability and allow for alternate feeds for re-energizing customers during extended outages.
  • Distribution automation to minimize the outage impact and duration and allow for evolving distribution technology to accommodate both electric vehicles and distributed energy resources.
  • Underground rebuilds to replace aging underground bare cable with a jacketed ​cable that meets current construction standards and incorporate looping technologies to improve grid resilience to provide alternate feeds for reenergizing customers during extended outages.
  • Wood pole replacement and treatment program to utilize inspection data of approximately 11,000 poles annually with the flexibility to address urgent and emergent situations as those are identified.
  • Substation rebuilds to replace aging infrastructure and reduce the risk of failure, including catastrophic failure through the replacement of transformers, breakers, relays, and communications equipment.
  • Transmission line rebuilds to incorporate the conversion from wood poles to steel poles and reconductoring to increase the line capacity to allow for additional load without creating a new transmission line footprint. Additional Optical Ground Wire (OPGW) installation to allow modernization of communication systems to enable future automation.
  • Physical security program to increase security to protect the company's most critical assets from increased physical threat of electric grid and substation attacks.

In this proposed plan, CenterPoint Energy is requesting recovery of the capital expenditures of investments made in 2024 through 2028. State law allows energy companies to prepare and submit infrastructure modernization plans with gradual cost recovery for which the IURC has ultimate approval rights and oversight authority. If the grid modernization plan is approved as is, the typical residential customer using 1000 kWh per month is expected to see an annual increase of approximately $3 per month on bills under the Transmission, Distribution, and Storage System Improvement Charge (TDSIC). No increase is expected until November 2024.

“As we look toward our customers' future energy needs, we understand affordability is important. We are continuously modeling and balancing bill impacts, while executing on these necessary reliability and resiliency infrastructure improvements," said Leger. “These projects will allow us to utilize ever evolving technologies, which is expected to result in enhanced reliability, fewer outages and improve restoration response for years to come."

Today's filing does not impact natural gas bills, nor is it related to CenterPoint Energy's recently announced Integrated Resource Plan preferred portfolio.
 
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 approval of CenterPoint Energy's proposed plan, CenterPoint Energy's ability to executed on the proposed plan, including the proposed scope of projects and anticipated benefits,  the extent to which and timing of CenterPoint Energy's ability to recover costs to implement the proposed plan, the amount and expected impact to customer's bills, 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 pandemics, including the COVID-19 pandemic; (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) continued disruptions to the global supply chain and increases in commodity prices; (9) legislative decisions, including tax and developments related to the environment such as global climate change, air emissions, carbon and waste water discharges; (10) CenterPoint Energy's ability to execute on its initiatives, targets and goals and operations and maintenance goals and (11) other factors, risks and uncertainties discussed in CenterPoint Energy's Annual Report on Form 10-K for the fiscal year ended December 31, 2022, CenterPoint Energy's Quarterly Report on Form 10-Q for the quarter ended March 31, 2023 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 natural 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 March 31, 2023, the company owned approximately $38 billion in assets. With approximately 9,000 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.


CenterPoint Energy continues shift from coal-fired generation; renewables complemented with natural gas-fired generation forge ahead as generation portfolio
  • Proposed plan is expected to save customers nearly $80 million in the aggregate
  • Expected to reduce carbon emissions from its electric generation fleet by more than 95% over next 20 years while maintaining reliable service
  • Year-long planning process included detailed analysis and extensive public input

EVANSVILLE, Ind., April 26, 2023 - CenterPoint Energy's (NYSE: CNP) Indiana-based electric business today announced its Integrated Resource Plan (IRP) preferred portfolio to further invest in renewable generation and end its use of Indiana coal by 2027.

The IRP preferred portfolio was shared at CenterPoint Energy's fourth and final public stakeholder meeting, conducted as part of a year-long planning process involving extensive analysis and public input. The proposed plan is expected to save customers nearly $80 million in the aggregate compared to the continued use of coal while reducing carbon emissions from its electric generation fleet by more than 95% over the next 20 years. Currently, 85% of electricity generated for southwest Indiana customers comes from coal. By 2030, it is expected that more than 80% of CenterPoint Energy's electricity will be generated by solar and wind, with the remainder provided by natural gas.

"Our recommended mix of renewable and natural gas resources is expected to maintain the ability to turn on generating resources during times of greatest demand supporting reliability and continuing our strategy of providing cleaner electricity that meets customers' future energy needs," said Richard Leger, Senior Vice President, Indiana Electric. 

CenterPoint Energy's IRP is conducted every three years and submitted to the Indiana Utility Regulatory Commission (IURC). Based on an in-depth analysis of energy needs, public stakeholder input and many other factors which are updated and forecasted across the next 20 years, the IRP identifies a balanced plan that seeks to supply reliable and reasonably priced electricity to the utility's 150,000 customers in southwestern Indiana. The plan also is designed to comply with the new, more stringent capacity requirements set by the Midcontinent Independent System Operator (MISO) to meet peak energy demand across all four seasons.

Modeling conducted within the IRP analysis points CenterPoint Energy toward the following goals:

  • Converting F.B. Culley 3, the last coal unit operated by CenterPoint Energy, to natural gas by 2027, maintaining its 270 MW capacity
    • Preserving the 270 MW of dispatchable generation is expected to maintain reliability during long duration summer and winter weather events
  • Adding 200 MW of wind and 200 MW of solar by 2030, with the potential need for an additional 400 MW of wind resources by 2032

Leger said, "Customer and stakeholder engagement were heavily considered throughout this process. We appreciate the thoughtful insights which helped us arrive at our go-forward plan that will help meet the growing demands of our residential and business customers in the region and maintain our environmental responsibilities. We continue our goal to provide a responsible, resilient and reliable energy future, which requires fast-ramping resources like natural gas turbines to keep the power flowing when renewable generation is not sufficient."

The IURC previously granted approval for the construction of two natural gas combustion turbines, with capacity of 460 MW. CenterPoint Energy also has five previously announced solar projects in various stages of development. In addition, a wind generation project has been filed and is awaiting IURC approval. The completed IRP is expected to be submitted to the IURC by June 1. A director's report, detailing the IURC's comments, will likely be issued by the second quarter of 2024. For more information on CenterPoint Energy's preferred portfolio and the IRP process, visit CenterPointEnergy.com/IRP.

Leger added, "We are confident the proposed portfolio will meet the expectations of our customers and deliver on our goal to provide a cost-effective, well-balanced energy mix. These continued investments in our generation transition plan will allow customers to benefit in the near term and leaves room for flexibility as the future of electric generation continues to evolve." 

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 ability to execute on its generation transition plan and to implement cleaner energy, the ability of CenterPoint Energy to secure sufficient capacity, or that such capacity will be sufficient to meet future customer demand, the extent and amount of, if any, of anticipated bill, anticipated savings and energy reductions, the timing of CenterPoint Energy's IRP 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 pandemics, including the COVID-19 pandemic; (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) continued disruptions to the global supply chain and increases in commodity prices; (9) legislative decisions, including tax and developments related to the environment such as global climate change, air emissions, carbon and waste water discharges; (10) CenterPoint Energy's ability to execute on its initiatives, targets and goals and operations and maintenance goals and (11) other factors, risks and uncertainties discussed in CenterPoint Energy's Annual Report on Form 10-K for the fiscal year ended December 31, 2022 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 natural 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 December 31, 2022, the company owned approximately $38 billion in assets. With approximately 9,000 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

SOURCE CenterPoint Energy, Inc.

CenterPoint Energy reports 2023 annual shareholder meeting results

HOUSTON, April 24, 2023 - CenterPoint Energy, Inc. (NYSE: CNP) announced the results of the voting by shareholders at its 2023 annual meeting. Shareholders approved the following proposals:

  • The election of Wendy Montoya Cloonan, Earl M. Cummings, Christopher H. Franklin, David J. Lesar, Raquelle W. Lewis, Martin H. Nesbitt, Theodore F. Pound, Phillip R. Smith, and Barry T. Smitherman to serve on the company's Board of Directors for one-year terms; 
  • The ratification of the appointment of Deloitte & Touche LLP as the company's independent registered public accounting firm for 2023;
  • An advisory resolution on the compensation paid to the company's named executive officers as disclosed in the proxy statement; and
  • Holding future "say-on-pay" advisory votes on executive compensation on an annual basis.

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 December 31, 2022, the company owned approximately $38 billion in assets. With approximately 9,000 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.

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

SOURCE CenterPoint Energy, Inc.

Assistance still available to help pay winter heating bills

​Minneapolis – April 25, 2023 – Temperatures are warming up and the piles of snow have melted away, signaling the end of the winter heating season. Also ending soon is Minnesota's Cold Weather Rule, which protects Minnesotans from having their natural gas service disconnected between Oct. 1 and April 30.

CenterPoint Energy is reminding its residential customers that assistance is still available to help pay their natural gas bills from the winter. Minnesota's Energy Assistance Program is a federally-funded program that helps cover home heating costs and furnace repairs for income-qualified households.

Both renters and homeowners can qualify, with eligibility based on income and household size. For example, a family of four could earn up to $70,552 annually and qualify to receive assistance. The deadline to apply is May 31.

Customers who have difficulty paying their winter heating bills should contact CenterPoint Energy to see if they are eligible for energy assistance and set up a payment plan to prevent disconnection of their service. A payment plan takes into consideration a customer's financial situation and any other special circumstances.

Customers can call CenterPoint Energy at 800-245-2377 between 7 a.m. and 7 p.m., Monday-Friday, or visit CenterPointEnergy.com/Assistance.

In addition, any CenterPoint Energy customer may sign up for an Average Monthly Billing Plan, which spreads costs throughout the year to help manage winter payment peaks. A customer can sign up at CenterPointEnergy.com/MyAccount or by calling 800-245-2377.

There is also good news for customers in the 2023 forecast for natural gas prices.

According to the latest Short-Term Energy Outlook issued by the U.S. Energy Information Administration on April 11, national average market prices for natural gas this year are expected to be more than 50% lower than last year. The pricing trend reflects increased natural gas production, lower consumption and higher-than-normal storage inventories coming out of the winter heating season.

As a utility, CenterPoint Energy buys natural gas in the market for delivery to its customers. The price CenterPoint Energy pays for natural gas in the market is the same price it charges customers, with no markup.

CenterPoint Energy is Minnesota's largest natural gas utility, serving 900,000 residential and business customers in more than 260 communities.


CenterPoint Energy declares regular Common Stock dividend of $0.1900

HOUSTON, April 20, 2023 - CenterPoint Energy, Inc.'s (NYSE: CNP) Board of Directors today declared a regular quarterly cash dividend of $0.1900 per share on issued and outstanding shares of Common Stock payable on June 8, 2023, to shareholders of record as of the close of business on May 18, 2023.

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 December 31, 2022, the company owned approximately $38 billion in assets. With approximately 9,000 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.

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

SOURCE CenterPoint Energy, Inc.