CenterPoint Energy seeks to lower customers’ electric bills
Securitization of A.B. Brown assets allows for expected customer savings
2022-05-10T05:00:00Z

Evansville – May 10, 2022 - CenterPoint Energy, Inc.'s (NYSE: CNP) Indiana-based electric and natural gas business, Southern Indiana Gas and Electric Company (CenterPoint Energy Indiana South), has filed a request with the Indiana Utility Regulatory Commission (IURC) for securitization of assets of its A.B. Brown coal plant, which should result in a decrease to customers' electric bills by an estimated nearly $60 million versus traditional rate making.

Last year, legislation was passed in Indiana allowing for a securitization pilot to benefit CenterPoint Energy's customers. CenterPoint Energy advocated for the state law change to allow this pilot to demonstrate how the tool saves customers money over traditional rate making where costs typically are recovered at a much higher rate-of-return. As previously announced, CenterPoint Energy plans to retire the A.B. Brown coal plant in late 2023 as part of its long-term electric generation transition plan.

Securitization of these assets will allow for the removal of the remaining value of the coal plant from customer rates and effectively refinance them at a much lower interest rate. The remaining value will be financed, along with other qualified costs, through the issuance of low-cost bonds enabled by the legislation. If approved, customers should see a monthly bill reduction beginning in early 2023.  Future savings are expected, as deferred costs will be included within the securitization. Securitization is dependent on plans to retire the A.B. Brown plant.

"Keeping our customers' and other stakeholders' interests top-of-mind, we are deploying a cost-effective strategy to help reduce bill impacts as we continue on with our long-term electric generation transition plan," said Steve Greenley, Senior Vice President of Generation Development for CenterPoint Energy. "CenterPoint Energy's transition to a generation portfolio consisting of mostly renewable resources is expected to save customers an estimated $320 million over the next 20 years. If approved, the securitization of the A.B. Brown assets is expected to save nearly $60 million over the same general timeframe."

While CenterPoint Energy will be the first utility to utilize securitization in Indiana, this is an established practice that has saved utility customers millions of dollars in nearly 30 states. CenterPoint Energy plans to reinvest the proceeds from the securitization bonds into its generation transition plan and invest in renewable resources such as wind- and solar-powered generation and battery storage which will be backed up by planned natural gas generation resources to maintain reliability.

"Securitization allows us to reinvest in our state and provides a catalyst for the continued growth of renewable energy in Indiana," added Greenley. "The increasing use of renewable energy for CenterPoint Energy Indiana South's generation is also expected to attract new economic development in Indiana, especially from companies with environmental and sustainability goals."

For more information on CenterPoint Energy's long-term electric generation transition plan, visit www.centerpointenergy.com/smartenergyfuture.

CenterPoint Energy delivers electricity to approximately 150,000 customers in southwest Indiana in all or portions of Gibson, Dubois, Pike, Posey, Spencer, Vanderburgh and Warrick counties. 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 the timing and approval of the CenterPoint Energy's securitization request and the benefits therefrom, including anticipated reductions to customer bills and the success of securitization in Indiana, the timing of CenterPoint Energy's generation transition plan, including the anticipated retirement of the A.B. Brown facility, and the mix of renewable resources and expected financial benefits of such generation transition to customers, and the intended use of securitization proceeds, 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 Report on Form 10-Q for the quarter ended March 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 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, 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.

 Recent News

 

 

Hurricane Rafael Projected to Weaken and Remain in the Southern Gulf of Mexico over the Weekend and Could Bring Isolated Rain and Wind to Texas and Louisiana; CenterPoint Energy Will Continue to Monitor throughout the Weekend
  • Teams will remain on standby and ready to respond to any changes with enhanced staffing plans if needed
  • Most CenterPoint teams will return to normal business operations status

HOUSTON, Nov. 8, 2024 - Based on Friday weather forecasts from the National Hurricane Center and third parties, it is expected that Hurricane Rafael's projected path will weaken and remain in the southern Gulf of Mexico over the weekend. According to current projections, there could be isolated rain and wind across parts of Texas and Louisiana. CenterPoint Energy teams will continue to diligently monitor weather forecasts over the weekend and personnel will remain on standby, ready to execute the company's emergency preparedness plans if needed.

Most CenterPoint teams across Texas, Louisiana and Mississippi will resume normal business operations starting today. It is not expected that CenterPoint will need to engage any of the more than 13,000 mutual assistance resources that were available to support emergency response efforts.

"Our teams will remain engaged and vigilant over the weekend to make sure there's no change in Hurricane Rafael's path. We're prepared if anything changes and we have a plan. We want to thank all our customers across Texas, Louisiana and Mississippi, and remind them that this is good time to review individual and community emergency plans and update supplies in go bags. Being hurricane prepared is everyone's responsibility," said Richard Leger, CenterPoint's Senior Vice President of Gas Business.

CenterPoint encourages all customers to have a plan to stay safe
CenterPoint is encouraging all its customers to prepare and have a plan to stay safe during Hurricane Rafael. Customers can get storm-related electric, natural gas and flooding safety tips at CenterPointEnergy.com/StormCenter. Additional preparation best practices are available at Ready.gov

For the latest updates, follow CenterPoint on X (formerly Twitter) for real-time updates. For more information and other resources, visit CenterPointEnergy.com/NaturalGasSafety

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. 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
Communications
Media.Relations@CenterPointEnergy.com

SOURCE CenterPoint Energy

CenterPoint Energy Outlines Plan to Minimize May 2024 Derecho Storm Bill Impact for Electric Customers
  • Company plans to spread emergency Derecho response costs of approximately $450 million across 15 years; Customer bill impact expected to be about $1 per month
  • Financial method expected to save customers more than $50 million in interest charges
  • Derecho storm caused more than an estimated $5 billion in damages across the Greater Houston area unrelated to CenterPoint infrastructure

HOUSTON, Nov. 8, 2024 - As part of its commitment to keeping customer bills more affordable, CenterPoint Energy today filed the first phase of a securitization plan (a lower cost way of financing recovery costs over a longer time period time) with the Public Utility Commission of Texas (PUCT) that would minimize the customer impact of the major May 2024 Derecho and late May storms, that resulted in approximately $450 million in repair, equipment and emergency response costs outside of CenterPoint's normal annual rates as set by the PUCT. Using this method of financing is expected to save customers more than $50 million in interest charges over the 15-year period. 

The May 16th Derecho caused more than an estimated $5 billion in damages across the Greater Houston area not related to CenterPoint's infrastructure.  As reported by numerous media outlets, the Derecho was a "once-in-a-generation wind event" and included wind gusts over 100 miles per hour and multiple tornadoes across the region, shattering thousands of downtown office windows, destroying homes and businesses, knocking down thousands of power poles, and impacting hundreds of miles of power lines and other critical electric equipment across the Greater Houston area.  

The fast-moving storm required CenterPoint to activate its emergency operation plan and mobilize over 7,700 employees, contractors, and mutual aid partners to assess damage, repair downed equipment, and restore power.  

"The Derecho that struck the Houston region in the spring was an unprecedented and extreme weather event that caused billions in damage to our communities and a significant portion of our electrical infrastructure. This proposed cost recovery plan reflects our commitment to minimize the impact on our customers' electric bills while addressing the significant costs related to mobilizing thousands of frontline workers to repair and rebuild the damaged portions of the energy system and restore power for our customers as safely and as quickly as possible," said Jason Ryan, CenterPoint Energy's Executive Vice President, Regulatory Services and Government Affairs.  

Scope of CenterPoint Emergency Response
In response to the Derecho, CenterPoint mobilized thousands of frontline crews and critical resources and coordinated with government, community and utility partners to address the significant damage to the electrical system. As a result, CenterPoint restored power to more than 80 percent of impacted customers within 72 hours. The scope of the company's emergency response included: 

  • Mobilizing over 7,700 frontline electrical workers, contractors and mutual aid resources from eight states to assess system damage and repair equipment; 
  • Replacing more than 400 miles of primary electrical wires, more than1,600 transformers, and approximately 1,600 power poles on its distribution system; 
  • Deploying 13 emergency generation units to provide temporary power to critical facilities including hospitals, cooling centers, first responder sites, schools and senior centers; 
  • Establishing nine multi-city staging sites to efficiently deploy crews and equipment for customer restoration efforts to impacted areas of Greater Houston;  
  • Restoring power to approximately 340,000 impacted customers within the first 24 hours; 550,000 within 48 hours; and 750,000 within 72 hours; and 
  • Restoring 98 percent of all CenterPoint customers within five days of the Derecho. 

CenterPoint Commitment to Customer Affordability: Securitizing for Lower Cost Impact
CenterPoint's plan follows the standard electric sector industry practice used in Texas and across all Gulf Coast states for financing and recovering costs after extreme weather and other one-time events.  The company plans to spread the costs over a period of up to 15 years to help minimize the impact on customers using securitization, which is a less expensive method to finance those costs. Securitization has been used 10 times for large named storm-related events in the previous 25 years in Texas. It was also used by CenterPoint for the benefit of customers following Hurricane Ike in 2008. 

By securitizing the cost recovery following major storms, hurricanes or other one-time events, CenterPoint is able spread cost impacts over several years and at a lower cost when compared to traditional financing, which results in a significantly lower monthly impact to customers. CenterPoint's filing will include costs associated with its emergency response for the May storm events, which includes the mobilization of frontline workers, repair and replacement of critical equipment, crew supplies, fuel and other materials.  

Today's filing does not include any costs associated with CenterPoint's 2024 Hurricane Beryl response. 

Estimated Monthly Customer Bill Impact
CenterPoint's filing seeks stakeholder and PUCT review of approximately $450 million of storm and emergency response-related costs.  The next phase of the recovery plan will propose to collect those costs over up to 15 years to minimize the impact on customers and is expected to initially result in an average residential customer surcharge of just over $1 per month starting in the second half of 2025, and then dropping below a $1 per month in the second half of 2026. Both today's filing and the next phase will undergo a thorough, open and transparent review process at the PUCT with a final decision expected in 2025.  

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. 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.

Forward-looking Statements
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 including statements regarding securitization, customer bill impacts and timing of approvals, 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 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; and (5) other factors, risks and uncertainties discussed in CenterPoint Energy's Annual Report on Form 10-K for the fiscal year ended December 31, 2023 and CenterPoint's Quarterly Reports on Form 10-Q for the quarters ended March 31, 2024, June 30, 2024 and September 30, 2024 and other reports CenterPoint Energy or its subsidiaries may file from time to time with the Securities and Exchange Commission.

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

SOURCE CenterPoint Energy

CenterPoint Energy Plans to Work Toward Resolution of its 2024 Rate Case
  • Company has completed Phase One of the Greater Houston Resiliency Initiative; continues to make progress on Phase Two of the Greater Houston Resiliency Initiative to be better prepared for 2025 hurricane season; and will file its multi-year system resiliency plan by January 2025
  • Company has continued to communicate with intervening parties and plans to resume settlement talks immediately

HOUSTON, Nov. 8, 2024 - CenterPoint Energy (CenterPoint) today announced its plans to proceed with settlement talks for its 2024 CenterPoint Energy Houston Electric (CEHE) rate case that the company had previously requested to withdraw on August 1, 2024. The CEHE 2024 rate case was first filed with Public Utility Commission of Texas (PUCT) and municipal regulatory authorities on March 6, 2024.

Over the last several weeks, CenterPoint has received feedback and continued to communicate with intervening parties to the rate case. The company plans to resume settlement talks immediately.

The original withdrawal request was part of the company-wide commitment to act urgently to improve and strengthen the resiliency of the energy system during this hurricane season.

"Throughout the second half of the year, we've been acting urgently to strengthen our resiliency, including completing the first phase of the Greater Houston Resiliency Initiative, and we are making good progress on phase two. Our company's collective focus remains on building the most resilient coastal grid in the country," said CenterPoint President and CEO Jason Wells.

"Even as we have focused on rapidly hardening our system, we've continued to listen to our customers and parties to the rate case.  Based on that feedback, we believe there is a shared interest in working toward a constructive resolution. We remain focused on providing value to our customers and affordably delivering our ambitious long-term resiliency goals that are vital to Houston's future economic growth," said Wells.

"We are determined to reach an agreement that reflects our commitment to customer affordability while addressing the fact that in 2023 alone CenterPoint invested more in our system, resulting in $75 million more in costs that were not billed to customers for additional system improvements and vegetation management. We look forward to working with all parties bring resolution to this case," said Jason Ryan, Executive Vice President of Regulatory Services and Government Affairs.

First Phase: Greater Houston Resiliency Initiative
Since Hurricane Beryl earlier this summer, CenterPoint has taken action across the 12-county Greater Houston area to improve resiliency and help reduce the risk of outages this hurricane season. 

In the first phase of its Greater Houston Resiliency Initiative, CenterPoint crews and contractors installed more than 1,100 stronger and more resilient fiberglass poles, trimmed vegetation along more than 2,000 miles of power lines and installed more than 300 automation devices in neighborhoods across the region.

Second Phase: Greater Houston Resiliency Initiative
The company's second phase is taking the boldest series of resiliency actions in its nearly 160-year history. In early September, CenterPoint announced a comprehensive suite of new actions as part of the next phase of its Greater Houston Resiliency Initiative, including strengthening the energy system and operations over the next eight months and before the start of the 2025 hurricane season. These extensive near-term actions will: build on the work CenterPoint completed in the first phase of the Greater Houston Resiliency Initiative, continue to strengthen resiliency, improve its communications and develop stronger partnerships, and help reinforce its electric system as it prepares for both the upcoming winter season and the 2025 hurricane season.

The actions in Greater Houston Resiliency Initiative Phase Two will help enable a self-healing grid, reduce the length and frequency of outages and lead to more than an estimated 125 million fewer outage minutes annually for customers in the Greater Houston area. Work will be completed ahead of the 2025 hurricane season, or June 1, 2025, and will include:

  • Installing new or replacing 25,000 poles that meet extreme wind standards;
  • Trimming or removing higher-risk vegetation across 4,000 miles of power lines;
  • Installing 4,500 automation devices, known as trip savers, and 350 Intelligent Grid Switching Devices as part of our effort to build a self-healing grid that utilizes automation to respond to outages faster; and
  • Strategically undergrounding more than 400 miles of power lines.

Third Phase: Multi-Year System Resiliency Plan
As previously stated, CenterPoint will file its updated and enhanced multi-year system resiliency plan by the end of January 2025.

Estimated Monthly Customer Bill Impact
CenterPoint's filing originally sought a net increase on the average residential customer bill using 1,000 kwh per month of approximately $1.25 per month, which is overall less than a one percent net increase on the total retail bill.

CenterPoint Earnings Monitoring Report
As was reported in the company's 2024 Earnings Monitoring Report to the PUCT, for calendar year 2023, CenterPoint invested more in its system, resulting in $75 million more in costs that were not billed to customers for additional system improvements and vegetation management.

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. 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 about affirmation of CenterPoint Energy's current earnings guidance and other financial information, please visit the "Investor Relations" homepage of our website under "Events & Presentations," found here.

Forward-looking Statements
This news release, as well as the website pages related to the Greater Houston Resiliency Initiative, includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this news release or the website pages related to Greater Houston Resiliency Initiative 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, including statements regarding the Greater Houston Resiliency Initiative and longer-term resiliency plans, including effectiveness, timing and related matters, as well as the timing of and projections for upcoming rate cases for CenterPoint and its subsidiaries, 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 the website pages related to the Greater Houston Resiliency Initiative regarding future events that are not historical facts are forward-looking statements. Each forward-looking statement contained in this news release or the website pages related to the Greater Houston Resiliency Initiative speaks only as of the date of this release or the date that such statement is made, as applicable. 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) CenterPoint's business strategies and strategic initiatives; (2) financial market conditions; (3) general economic conditions; (4) the timing and impact of future regulatory and legislative decisions; and (5) other factors, risks and uncertainties discussed in CenterPoint's Annual Report on Form 10-K for the fiscal year ended December 31, 2023 and CenterPoint's Quarterly Reports on Form 10-Q for the quarters ended March 31, 2024, June 30, 2024 and September 30, 2024 and other reports CenterPoint or its subsidiaries may file from time to time with the Securities and Exchange Commission.

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

SOURCE CenterPoint Energy

CenterPoint Energy restores natural gas for the majority customers affected by outage in Lake Crystal, Minnesota

Minneapolis– Nov. 7, 2024 – CenterPoint Energy has been working overnight and throughout today to restore service to customers affected by yesterday's natural gas outage in Lake Crystal, Minnesota. The majority of customers have had service restored. Safety is CenterPoint's top core value, and it will be kept at the forefront as the company works to restore natural gas service today to remaining customers.

To restore service, technicians will go door-to-door to impacted customers to perform a necessary safety check prior to performing relights on natural gas appliances. An adult over 18 needs to be at the service address when a technician arrives. If an adult is not present, the company will leave a door hanger with instructions. All CenterPoint technicians and contractors wear identification badges and will gladly show them upon request before entering a home or business.   

For those customers not at home during the initial attempt to relight, instructions will be left for scheduling a return visit. If a door hanger is left at a customers' location home or business, they can call 800-245-2377 to schedule service restoration.

CenterPoint appreciates customers' patience and cooperation as it works to continue restoring service. ​

Junior Achievement North and the CenterPoint Energy Foundation celebrate investments in experiential learning and career exploration for Minnesota students

Minneapolis – Nov. 7, 2024 – Today, Junior Achievement North and the CenterPoint Energy Foundation celebrated the opening of the CenterPoint Energy shop at Junior Achievement North's facility in St. Paul, which will support learning and career exploration for elementary, middle and high school students throughout Minnesota. Junior Achievement North's on-site interactive programs provide students with hands-on opportunities to run a business, explore potential future career pathways, and practice personal finance and budgeting skills.
The CenterPoint Energy shop will highlight the diverse careers that exist in the energy industry and how those careers benefit their local communities. When running the shop, students perform jobs necessary to operate a utility company, such as reading meters to verify energy use, building a cost-effective energy system by weighing benefits and evaluating opportunities when routing new infrastructure, and promoting vital safety campaigns like calling 811 before any digging project.

To develop the CenterPoint Energy shop, its associated curriculum and to support student access to educational opportunities, the CenterPoint Energy Foundation awarded a $150,000 grant to Junior Achievement North.

"We're absolutely delighted to welcome CenterPoint Energy to our family of shops at our experiential learning center in St. Paul! This wonderful partnership is essential to our mission of providing high-quality, immersive learning experiences for young people. Together, we're equipping them to lead empowered, fulfilling vocational and personal lives beyond the classroom" said Junior Achievement North Vice President of Partnerships Maryse Birr.
The hands-on activities at Junior Achievement North offer in-person experiences in a simulated city at Junior Achievement North's St. Paul facility. Several weeks of classroom learning culminates in a day-long visit where students are paired with volunteers to work in one of the shops or move through a series of structured financial budgeting simulations. The CenterPoint Energy shop and other shops at Junior Achievement North provide students with the ability to develop leadership skills and confidence by learning how to run a business, practice budgeting skills and govern a simulated community.

CenterPoint Energy Vice President for Minnesota Gas Brad Steber remarked, “The CenterPoint Energy Foundation is proud to support Junior Achievement in inspiring our next generation of leaders and empowering them to see the possibilities that exist for them in their future careers. Through the CenterPoint Energy shop at BizTown, we are excited to showcase the diversity of rewarding careers that exist in energy and how those careers support the vitality of our communities."

The CenterPoint Energy Foundation strives to be a catalyst in the communities it serves by leveraging everyday opportunities and resources to increase the vibrancy of these communities. Grants are awarded to eligible nonprofit organizations with programs that support community vitality and education in CenterPoint Energy's footprint. 

About Junior Achievement North
Junior Achievement North focuses on empowering students and creating equitable access to opportunities across Minnesota, North Dakota and western Wisconsin. Junior Achievement North prepares young people with the skillset and mindset to build thriving communities. Through experiential learning focused on financial literacy, career readiness, and entrepreneurship, students build the skills required to succeed in today's dynamic world. More information about Junior Achievement North and their programs can be found at: JANorth.org.

About the CenterPoint Energy Foundation
The CenterPoint Energy Foundation provides philanthropic support to meet the needs of communities where CenterPoint Energy customers live and work.  The Foundation is funded by shareholders and has no impact on customer rates. In Minnesota, the Foundation contributes close to $2 million annually in charitable gifts to nonprofit organizations. More information about the Foundation can be found at CenterPointEnergy.com/Foundation