CenterPoint Energy reports strong second quarter results and raises full year earnings guidance
2022-08-02T05:00:00Z

​Houston – August 2, 2022 - CenterPoint Energy, Inc. (NYSE: CNP) or "CenterPoint" today reported income available to common shareholders of $179 million, or $0.28 per diluted share on a GAAP basis, for the second quarter of 2022 compared to $0.37 of diluted earnings per share, including $0.09 of midstream for the second quarter of 2021.

  • Reported Q2 2022 earnings of $0.28 and $0.31 per diluted share on a GAAP and non-GAAP basis, respectively
  • Full year 2022 non-GAAP EPS guidance increased to $1.37-$1.39, representing an increase of 9% at the midpoint compared to full year 2021 
  • From this higher $1.37-$1.39 guidance, CNP is reaffirming industry leading non-GAAP EPS growth of 8% annually for 2023 and 2024 and mid to high-end of the 6-8% annually range from 2025 through 2030 
  • Capital spending on track for year with ~$2 billion invested as of the end of Q2 for the benefit of customers
  • Continued 30-year trend of at least 2% average annual customer growth in Houston area supporting customer affordability 

On a non-GAAP basis, EPS for the second quarter was $0.31, an 11% increase to the comparable quarter in 2021. The positive variance was primarily driven by favorable weather, usage and continued organic growth across the Houston Electric service territory, which represented an increase of approximately $0.03 per share over second quarter of 2021.   

"The full year 2022 guidance raise is driven by the increased confidence around our business performance, primarily driven by the performance of our Houston Electric business. This is the fifth time we have increased our guidance under this management team.  We are now on track to meet $1.37-$1.39 non-GAAP EPS guidance for the full year 2022, a 9% increase over 2021, setting a new and higher baseline for future earnings growth," said Dave Lesar, President and Chief Executive Officer of CenterPoint.  

"We are in year two of our ten-year, $40 billion-plus capital plan and have invested nearly 50% of our 2022 investment plan as of the second quarter. We expect to be in a position to update our investment plan on our third quarter earnings call, focused on incremental customer driven capital opportunities to continue our investment in the resiliency, safety, and growth across our system.  We are committed to executing this plan with a continued focus on customer affordability."  continued Lesar.

Lesar added.  "We remain steadfast on delivering on our premium value proposition quarter after quarter, underpinned by our pure play regulated utility model, to the benefit of our customers, investors and other stakeholders."

Earnings Outlook

Given the merger between Enable and Energy Transfer and CenterPoint's divestiture of its remaining midstream investments during 2022, CenterPoint will be presenting a consolidated non-GAAP EPS guidance range for 2022, which is the comparable measure to non-GAAP Utility EPS reported in 2021.

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 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'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'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'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.

2021 non-GAAP Utility EPS

"Utility EPS" (a non-GAAP financial measure) included net income from the company's Electric and Natural Gas segments, as well as after-tax Corporate and Other operating income and an allocation of corporate overhead based upon Electric's and Natural Gas's relative earnings contribution. Corporate overhead consisted primarily of interest expense, preferred stock dividend requirements, and other items directly attributable to the parent along with the associated income taxes.

  • 2021 Utility EPS excluded:
    • Earnings or losses from the change in value of the CenterPoint 2.0% Zero-Premium Exchangeable Subordinated Notes due 2029 ("ZENS") and related securities
    • Earnings and losses associated with the ownership and disposal of midstream common and preferred units (including amounts reported in discontinued operations), net gain associated with the consummation of the merger between Enable Midstream Partners, LP and Energy Transfer LP, a corresponding amount of debt related to midstream common and preferred units, and an allocation of associated corporate overhead
    • Cost associated with the early extinguishment of debt
    • Impacts associated with Arkansas and Oklahoma gas LDC sales
    • Certain impacts associated with other mergers and divestitures

2022 non-GAAP EPS guidance range

Beginning in 2022, CenterPoint no longer separates utility and midstream operations and will report on a consolidated non-GAAP EPS basis.

  • 2022 non-GAAP EPS guidance excludes:
    • Earnings or losses from the change in value of ZENS and related securities
    • Gain and impact, including related expenses, associated with mergers and divestitures, primarily the Arkansas and Oklahoma gas LDC sales
    • Income and expense related to ownership and disposal of Energy Transfer common and Series G preferred units, and a corresponding amount of debt related to the units

In providing 2022 non-GAAP EPS guidance, CenterPoint 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 2022 non-GAAP 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. To the extent actual results deviate from these assumptions, the 2022 non-GAAP EPS guidance range may not be met, or the projected annual non-GAAP EPS growth rate may change. CenterPoint 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.

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 June 30, 2022. 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's management will host an earnings conference call on August 2, 2022, 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 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.

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. Examples of forward-looking statements in this news release or on the earnings conference call include statements regarding capital investments (including with respect to expected updates to our 10-year capital plan, renewables projects, mobile generation spend and the City of Houston's Master Energy Plan and Resilient Now), the impacts of the February 2021 winter storm event on our business and service territories, the recovery and timing of recovery of associated gas costs and related litigation, future earnings and guidance, including long-term growth rate, operations and maintenance expense reductions, financing plans (including the timing of any future equity issuances, securitization, credit metrics and parent level debt), the impact of disruptions to the global supply chain on our business, including our generation transition plan, ZENS and impacts of the maturity of ZENS, tax planning opportunities (such as any potential use of the repairs expense deduction), future financial performance and results of operations, including with respect to regulatory actions and recoverability of capital investments, customer rate affordability, value creation, opportunities and expectations, ESG strategy, including transition to Net Zero, 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) CenterPoint's business strategies and strategic initiatives, restructurings, joint ventures and acquisitions or dispositions of assets or businesses, including the completed sale of our Natural Gas businesses in Arkansas and Oklahoma, the exit from midstream and the internal restructuring of certain subsidiaries, which we cannot assure you will have the anticipated benefits to us; (2) industrial, commercial and residential growth in CenterPoint's service territories and changes in market demand; (3) CenterPoint's ability to fund and invest planned capital, and the timely recovery of its investments; (4) financial market and general economic conditions, including access to debt and equity capital and the effect on sales, prices and costs; (5) continued disruptions to the global supply chain and increases in commodity prices; (6) actions by credit rating agencies, including any potential downgrades to credit ratings; (7) the timing and impact of regulatory proceedings and actions and legal proceedings, including those related to Houston Electric's mobile generation and the February 2021 winter storm event; (8) 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's Net Zero and carbon emissions reduction goals; (9) the impact of the COVID-19 pandemic; (10) the recording of impairment charges; (11) weather variations and CenterPoint's ability to mitigate weather impacts, including impacts from the February 2021 winter storm event; (12) changes in business plans; (13) CenterPoint's ability to execute on its initiatives, targets and goals, including its Net Zero and carbon emissions reduction goals and operations and maintenance goals; and (14) other factors discussed CenterPoint's Annual Report on Form 10-K for the fiscal year ended December 31, 2021 and CenterPoint's Quarterly Reports on Form 10-Q for the quarters ended March 31, 2022 and June 30, 2022, including in the "Risk Factors" and "Cautionary Statement Regarding Forward-Looking Information" sections of such reports, and other reports CenterPoint or its subsidiaries may file from time to time with the Securities and Exchange Commission.

 


 Recent News

 

 
CenterPoint Energy, Inc. Second Quarter 2025 Earnings Conference Call

Thursday, July 24, 2025

7:00 a.m. Central / 8:00 a.m. Eastern

HOUSTON, July 7, 2025 - CenterPoint Energy, Inc. (NYSE: CNP) has scheduled a conference call for Thursday, July 24, 2025, at 7:00 a.m. Central time or 8:00 a.m. Eastern time, to discuss Second Quarter results. Earnings will be released the same day before the market opens.

If you would like to participate in the conference call, please register here:

https://edge.media-server.com/mmc/p/pk75xytb

CenterPoint Energy will also provide a live audio webcast of the conference call, which can be accessed at CenterPointEnergy.com. Click on the Investors link and the link, "CenterPoint Energy, Inc. Second Quarter 2025 Earnings Conference Call Webcast."  The webcast will be archived on the company's website for at least one year.

Contact:
Chayla Franklin
713-207-6500

SOURCE CenterPoint Energy, Inc

First CenterPoint Energy Resiliency Technology Summit showcases innovative new tools to help improve hurricane preparedness and response

Global technology leaders share best practices and demonstrate advanced technologies and AI tools being used to enhance storm preparedness and emergency response

HOUSTON, June 25, 2025 - As part of its commitment to build the most resilient coast grid in the country, and to better serve its 2.8 million customers throughout the 2025 hurricane season and beyond, CenterPoint Energy hosted its first ever Technology Summit alongside seven global leaders in AI tools, data analytics and other cutting-edge technologies. The new strategic relationships with Climavision, Convey (formerly Message Broadcast), Neara, Palantir, Pano AI, Technosylva and Urbint will help CenterPoint improve overall operations, identify critical system upgrades, enhance situational awareness, and strengthen storm preparedness and emergency response efforts.

"We are committed to working with the best and brightest to achieve our goal of building and operating the most resilient coastal grid in the country. These global leaders are enabling CenterPoint to leverage the latest innovations in AI, machine learning and other areas to help Houston be better prepared for more powerful hurricanes and storms. Most importantly, these new technologies and tools will help us respond more effectively to emergencies and provide the more reliable, resilient service our customers expect and deserve," said Jason Wells, President and Chief Executive Officer of CenterPoint Energy.

Advanced Technologies: Strengthening Resiliency and Emergency Readiness

During the 2025 Technology Summit, representatives of CenterPoint and global tech leaders engaged with elected officials, local emergency managers and community leaders to demonstrate how these advanced technologies will enhance CenterPoint's efforts to prepare for extreme weather events, including in four key areas:

  • Targeting critical system upgrades: Working with Neara and Technosylva , CenterPoint is enhancing how it plans and executes targeted resiliency actions to strengthen the system against extreme weather.
  • Improving situational awareness and storm preparedness: Climavision and Pano AI are helping CenterPoint improve real-time weather monitoring, AI forecasting and risk detection – enabling CenterPoint to more effectively predict and monitor weather risks to Houston's energy infrastructure.
  • Keeping customers better informed: CenterPoint is using critical tools from Convey to modernize communication operations and efficiently manage interactions, strengthening the company's ability to deliver real-time emergency communications to millions of customers.
  • Strengthening emergency response: Technologies from Palantir and Urbint are helping CenterPoint connect data across its assets to respond to storms more effectively and enhancing onboarding and deployment of mutual assistance crews in an emergency.

Greater Houston Resiliency Initiative: Key Actions and Improvements

CenterPoint's strategic technology relationships are the latest part of a broader series of actions to improve resiliency, communication and partnerships through the Greater Houston Resiliency Initiative (GHRI), launched in August 2024. Over the first two phases of GHRI, which were completed ahead of schedule and before the start of hurricane season on June 1, CenterPoint took the following actions:

  • Installed 26,000+ stronger, storm-resilient poles to withstand extreme winds;
  • Added 5,150+ automation devices to improve restoration times;
  • Cleared 6,000+ miles of higher-risk vegetation to reduce storm-related outages;
  • Undergrounded 400+ miles of power lines to improve overall resiliency;
  • Installed 100+ weather stations across our service territory to improve situational awareness and storm preparation;
  • Donated 21 backup generators to critical facilities across the company's 12-county service area; and
  • Launched a new and improved, cloud-based Outage Tracker to provide real-time updates on outages and restoration efforts in English and Spanish.

The company will continue working throughout the 2025 hurricane season to further strengthen resiliency and address potential system impacts from storms and extreme weather. For more information and updates on GHRI, visit CenterPointEnergy.com/TakingAction .

Media Contact: Media.Relations@CenterPointEnergy.com

About CenterPoint Energy, Inc.

CenterPoint Energy, Inc. (NYSE: CNP) is a multi-state electric and natural gas delivery company serving approximately 7 million metered customers across Indiana, Minnesota, Ohio, and Texas. The company is headquartered in Houston and is the only Texas-domiciled investor-owned utility. As of March 31, 2025, the company had approximately $44 billion in assets. With approximately 8,300 employees, CenterPoint Energy and its predecessor companies have been serving customers for more than 150 years. For more information, visit CenterPointEnergy.com.

About Climavision

Climavision brings together the power of a proprietary, high resolution supplemental weather radar network with its cutting-edge Horizon AI forecasting technology suite to close significant weather observation gaps and drastically improve forecast speed and accuracy. Climavision's revolutionary approach to climate technology is poised to help reduce the economic risks of volatile weather on companies, governments, and communities alike. Climavision is backed by The Rise Fund, the world's largest global impact platform committed to achieving measurable, positive social and environmental outcomes alongside competitive financial returns. The company is headquartered in Louisville, KY, with research and development operations in Raleigh, NC. To learn more, visit www.Climavision.com.

About Convey

Convey delivers intelligent customer workflows that humanize connections in regulated environments. Formerly Message Broadcast, Convey transforms compliance requirements into streamlined experiences through purpose-built solutions that deliver measurable impact for utilities and essential service providers. Our platform helps organizations modernize operations and set new engagement standards while efficiently managing millions of interactions. Reimagine the customer journey at goconvey.com.

About Neara

Neara is a physics-enabled digital twin that eclipses traditional visualization capabilities to deliver a geometrically accurate 3D spatial model of entire infrastructure networks. The model applies detailed individual asset-level analysis to entire integrated infrastructure, providing a context-rich representation of how assets actually behave and react in the physical world in any scenario. Neara connects the granular perspective engineers need to maintain a safe and structurally sound grid system with the network-wide view business leaders need to improve outcomes with effective network investments via high-velocity, automated analysis. With Neara, asset owners upgrade daily reality from reacting to dozens of problems in a context vacuum to proactively identifying exactly where and how to allocate capital for maximum community benefit through an integrated lens. Neara has modeled more than 2 million miles of infrastructure across four continents, enabling customers to save millions each year while improving resiliency and reliability, and transforming processes that once took years into outcomes delivered in hours. More information is available at www.neara.com.

About Palantir

Palantir partners with utilities to modernize the grid, mitigate risk, improve safety, and adapt to changing demand and production patterns. Utilities have a complex data ecosystem that is often challenging to leverage, but we've helped partners optimize their operations at speed and meet complex challenges with data-driven decisions. Today, leading organizations use Palantir software to power critical decisions and operationalize AI. Workflows help address load management optimization, grid upgrades, emergency prevention and response, procurement bottlenecks, and more.

About Pano AI

Pano AI is the leader in AI-powered wildfire detection. Launched in 2020, the company provides advanced early detection and situational awareness solutions to fire agencies, utilities, governments, and private landholders to help protect people, property, and infrastructure from catastrophic wildfires. With deployments across the U.S., Canada, and Australia, Pano AI is building a new standard for real-time wildfire intelligence. To learn more, visit www.pano.ai or follow the company on LinkedIn.

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.

About Urbint

Urbint is the world leader in operational resilience for energy and utilities. Urbint's solutions use Artificial Intelligence and the latest industry science to predict and manage emergencies, protect assets and keep people safe. Urbint's suite features three end-to-end solutions: 1) Worker Safety, which provides digital job safety briefs and energy-based observation workflows to reduce exposure at the point of work; 2) Damage Prevention, which manages and risk-profiles 811 tickets to help prevent third-party damages to underground assets; and 3) Emergency Preparedness & Response, which connects the entire natural disaster lifecycle to predict impact and increase a utility's response to reduce customer downtime. The largest energy and infrastructure companies trust Urbint to protect workers, assets, communities, and the environment. Learn more at urbint.com.

SOURCE CenterPoint Energy

CenterPoint Energy introduces a redesigned Indiana South electric bill

​EVANSVILLE, Ind. – June 24, 2025 – CenterPoint Energy today announced an updated format of its electric bill for Indiana South customers. The revised layout is designed to provide a clearer breakdown of monthly charges and support greater customer understanding of their energy use and how bills are calculated.

The bill revisions do not add any new charges. Instead, existing electric charges will now be grouped and labeled under four clearly organized groups – Customer Facilities Charge, Variable Base Charges, Fuel Charges and Adjustments – to help customers understand how each item contributes to their total bill.

“Improving how we communicate with customers is a responsibility we take seriously," said Mike Roeder, CenterPoint's Senior Vice President, External Affairs. “This update builds on regulatory direction and customer feedback, and it reflects the transparency we are committed to bringing to every aspect of the customer experience. We've listened to the feedback from our customers and hope to bring a better understanding of the various components of the CenterPoint bill."

This update builds on the framework outlined in the Indiana Utility Regulatory Commission's final order in CenterPoint's most recent rate case, which directed the company to add broad categories to its bill presentation. CenterPoint expanded on that guidance by introducing the four itemized groups.

Recent customer experience improvements
The updated bill format is part of CenterPoint's broader effort to enhance how it communicates with and supports Indiana customers. In recent months, the company has also introduced new tools to improve the overall customer experience:

  • Outage Tracker: A mobile-friendly outage map that includes weather overlays, satellite views and a Spanish-language option. Visit CenterPointEnergy.com/OutageTracker to view current conditions and report outages.
  • Action Center: A centralized online resource with safety tips, restoration updates and community information to help customers stay informed during outages and service interruptions. Explore at CenterPointEnergy.com/ActionCenter.

​Additional information about the revised bill format is available at CenterPointEnergy.com/MyItemizedBill.​

CenterPoint Energy reaches settlement agreement on landmark Systemwide Resiliency Plan to strengthen Houston electric system against extreme weather threats and future hazards
  • Largest single resiliency investment in CenterPoint history will build on Greater Houston Resiliency Initiative and help address impacts of wide range of extreme weather and other threats
  • 100% of lines serving the most customers will have automation devices capable of self-healing
  • 130,000 stronger, more storm-resilient poles and braces to be installed or replaced
  • This historic investment will reduce storm-related outages by nearly 1 billion minutes
  • Spreading investments over four years vs. three years will minimize bill impacts and help keep customer bills more affordable

HOUSTON, June 13, 2025 - As part of its commitment to build and operate the most resilient coastal grid in the country, CenterPoint Energy (CenterPoint) announced yesterday that it has reached a settlement agreement with parties to its 2026-2028 Systemwide Resiliency Plan (SRP). Subject to Public Utility Commission of Texas (PUCT) review and approval, the SRP represents the largest single grid resiliency investment in CenterPoint's history and is expected to reduce the impact of storm-related outages by nearly 1 billion (more than 913 million minutes) for its 2.8 million customers by 2029.

CenterPoint's 2026-2028 SRP will build on the progress made during the first two phases of the company's Greater Houston Resiliency Initiative (GHRI) and is designed to further address the impacts of a wide range of extreme weather threats, including more powerful storms, hurricanes, wind events like derechos, flooding, extreme temperatures, tornadoes, wildfires and winter storms.

"We are committed to continuing critical system resiliency work to help provide an electric system for the Greater Houston area that is safe, reliable, cost-effective and resilient when our customers need it most. Following constructive discussions with the Commission and intervening parties, this plan represents a landmark investment and suite of resiliency actions that will provide customers with clear benefits now and in the future," said Jason Wells, President and Chief Executive Officer of CenterPoint Energy.

"Our plan is cost-effective and will build on the progress we've made to date through the Greater Houston Resiliency Initiative. Taken together, we believe that these resiliency actions will help create a future with fewer outages that impact smaller clusters of customers, coupled with faster restoration times for our Greater Houston communities. This is another major step on our strategic roadmap to building and operating the most resilient coastal grid in the nation," said Wells.

Key improvements in CenterPoint's Systemwide Resiliency Plan
This settlement agreement reflects discussions with intervening parties following the filing of CenterPoint's enhanced SRP with the PUCT in January 2025. It includes a revised, agreed-upon investment of more than $3 billion in CenterPoint's electric distribution system. The agreement also includes the deferment of more than $240 million in SRP costs until the second half of 2029, which will help reduce the bill impact for customers by spreading costs over a four-year period instead of three years. Once approved, and while some cost recovery would be deferred into 2029, all SRP work will be completed in the proposed 2026-2028 timeframe.

Separate from the 2026-2028 SRP which is focused on the electric distribution system, CenterPoint will continue its nearly $2 billion investments planned for the electric transmission system, including rebuilding or upgrading more than 2,200 structures to better withstand extreme weather.

Customer bill impacts
Pending approval from the PUCT, CenterPoint's historic SRP investment in the electric distribution system would add approximately $1.40 per month for an average residential customer each year from 2026 through 2028, with a final $0.60 per month added in 2030 to help lessen bill impacts in previous years.

The impacts of these investment in Greater Houston's electric infrastructure are reduced over the next three years, other key components of the average residential customer bill will go down during the same period including:

  • Costs associated with the large temporary emergency generation units will start coming out of rates for Houston Electric customers this summer, and by 2027, bills will be reduced by an estimated $2 per month for the average customer.
  • As a result of the recently settled, four-year Houston Electric rate case, CenterPoint will receive approximately $50 million less revenue annually which means a reduction in electric customer bills by about $1 a month for most customers from 2025 through 2028 while also continuing to deliver support for significant local economic growth and upgrades across Greater Houston area.

Building the stronger, more resilient, self-healing electric system of the future
The investments outlined in CenterPoint's SRP are designed to benefit customers across the entire 12-county service area, with a specific focus on customers in higher-risk areas. When complete, this array of resiliency actions, combined with CenterPoint's normal operations, will achieve the following:

  • Automation Devices: 100% of lines serving the most customers will include automation devices capable of self-healing to reduce the impact of outages;
  • Stronger Distribution Poles: 130,000 stronger, more storm-resilient poles (rated to 110 mph and 132 mph) will be either installed new or replaced or braced to withstand stronger storms;
  • Vegetation Management: CenterPoint will deploy an industry-leading, three-year vegetation management cycle for transmission and distribution lines, with 100% of power lines cleared of hazardous vegetation every three years;
  • Undergrounding: More than 50% of CenterPoint's system will be undergrounded to improve resiliency; and
  • Modernized Cables: 20,150 spans of underground cables will be modernized to reduce the frequency and impact of outages.

Addressing growing energy needs and weather challenges
The resiliency actions outlined by the SRP will also help meet the energy needs of the growing population across CenterPoint's Greater Houston service area. The number of customers is expected to continue growing by approximately 2 percent annually for the foreseeable future – the equivalent of adding a city the size of Waco, Texas, every year. As Greater Houston's population, economy and energy needs continue to grow, CenterPoint's SRP will help address the increasing risk that this fast-growing region faces from extreme weather.

A Systemwide Resiliency Plan shaped by experts, stakeholders and customer feedback
The SRP incorporates important feedback from customers, elected leaders, emergency management agencies and independent experts. In preparation for filing the SRP, CenterPoint conducted 30 community meetings and listening sessions and solicited feedback on the plan during the draft stages. As part of CenterPoint's commitment to long-term affordability, the SRP is designed to provide the greatest dollar value to customers now and in the future by prioritizing proven, cost-effective resiliency actions that will ultimately prove vital to reducing future storm-related costs for the communities CenterPoint serves.

CenterPoint GHRI Phase One and Phase Two resiliency actions
Since launching GHRI in response to Hurricane Beryl last summer, CenterPoint has made progress on the historic series of critical resiliency improvements across both Phase One and Phase Two. When combined, the company has completed the following actions:

  • Installed or replaced more than 26,000 stronger, more storm-resilient poles built to withstand extreme winds;
  • Undergrounded more than 400 miles of power lines to improve overall resiliency;
  • Installed more than 5,150 more automated reliability devices and intelligent grid switching devices to reduce the impact of outages and improve restoration times;
  • Cleared more than 6,000 miles of higher-risk vegetation near power lines to reduce storm-related outages; and
  • Installed 100 weather monitoring stations to improve situational awareness and storm preparation.  

About CenterPoint Energy, Inc.
CenterPoint Energy, Inc. (NYSE: CNP) is a multi-state electric and natural gas delivery company serving approximately 7 million metered customers across Indiana, Minnesota, Ohio, and Texas. The company is headquartered in Houston and is the only Texas-domiciled investor-owned utility. As of March 31, 2025, the company had approximately $44 billion in assets. With approximately 8,300 employees, CenterPoint Energy and its predecessor companies have been serving customers for more than 150 years. For more information, visit CenterPointEnergy.com.

Forward-looking Statements  
This news release, as well as the website pages related to the GHRI, 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," "would" or other similar words are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding the Systemwide Resiliency Plan and the Greater Houston Resiliency Initiative, including their respective benefits, 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 GHRI 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 GHRI 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) business strategies and strategic initiatives, restructurings, joint ventures, acquisitions or dispositions of assets or businesses involving CenterPoint Energy or its industry; (2) CenterPoint Energy's ability to fund and invest planned capital, and the timely recovery of its investments; (3) financial market and general economic conditions; (4) the timing and impact of future regulatory, legislative and political actions or developments; 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, 2024 and CenterPoint's Quarterly Report on Form 10-Q for the quarters ended March 31, 2025 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 kicks off the 2025 summer season by reminding customers of ways to save energy, manage bills and stay safe

​HOUSTON — June 20, 2025 — Today marks the start of summer, and CenterPoint Energy is encouraging customers to prepare for the warmer temperatures ahead using company-offered tools, tips and resources. Customers can unlock savings with easy-to-implement energy efficiency actions and programs, while prioritizing safety as they work on outdoor home digging projects.

“At CenterPoint, we have tips, tools and programs to help customers save energy and manage their bills. The start of summer is a great reminder to prepare for the coming warmer temperatures. We encourage our customers to take steps to increase the energy efficiency of their homes so that they can continue to stay comfortable inside year-round while also reducing their energy use. By taking small and easy actions, customers can make a difference in reducing monthly energy bills," said Tony Gardner, Senior Vice President and Chief Customer Officer.

Gardner continued, “We also want to remind customers to keep safety top of mind by dialing 811 before any home projects that include digging. By taking this easy step, our customers and community members help keep themselves, their loved ones and neighbors safe."

Tips, tools and resources for customers for energy and cost savings

Customers can do the following to stay comfortable while saving energy and money:

  • Turn up the thermostat when leaving home: Raise the temperature a few degrees when away from home for energy savings. With a smart or programmable thermostat, a cooling system can work around a customer's schedule.
  • Change or clean filters in HVAC systems: Air conditioning represents approximately 50 percent of a home's energy use when it's warm out. Regular maintenance can extend the life of a home's system, so change or clean filters to keep the system running efficiently.
  • Slay energy vampires: Energy drainers – also known as “energy vampires"– are electronic devices and appliances that suck up electricity by hovering in standby or ready mode without fully powering off. Save energy by turning off non-essential electric appliances, equipment and lights when not in use. 
  • Use ceiling fans to circulate cool air: Setting ceiling fans to rotate counterclockwise helps circulate cool air and keep rooms at a comfortable temperature.
  • Keep warm air out: Use weatherstripping or caulk areas in and around a home where cooled air may escape, such as around windows and doors or anywhere else warm air might enter.
  • Block the sun's rays: When temperatures increase outside, keep window coverings closed when the sun is shining brightest to maintain a more comfortable indoor temperature.
  • Upgrade appliances and equipment: When replacing appliances and equipment, choose models with increased energy efficiency ratings for long-term cost savings. Rebates may be available for qualifying appliances.

Customers can learn more about tips and programs that can help them prepare for the longer and warmer days at CenterPointEnergy.com/SavingsTips.  

Call before you dig 

There's no time like summer to begin outdoor home improvement projects. Anyone planning a project that requires digging should contact 811 at least three business days before starting work to have underground utilities located and marked at no cost. This includes projects done by customers or their contractors, including gardening, building or repairing a fence, planting trees, installing a deck, placing a mailbox or laying a patio. ​

Visit 811BeforeYouDig.com to learn more about 811 and the process to have underground utility lines located and marked. For more information about natural gas safety, visit CenterPointEnergy.com/Safety. 

Hurricane season preparedness
The start of summer means hurricane season is officially underway in the Greater Houston area. CenterPoint has been fully engaged in completing a series of historic resiliency improvements and preparedness activities, including:

  • Completing historic grid improvements: As part of the Greater Houston Resiliency Initiative (GHRI), CenterPoint has completed a series of critical resiliency actions ahead of schedule, including:
    • Installing 26,000 stronger, more storm-resilient poles;
    • Installing 5,150 automated devices;
    • Clearing high-risk vegetation from 6,000 miles of power lines;
    • Undergrounding more than 400 miles of power lines; and
    • Installing 100 weather stations to provide real-time weather monitoring.
  • Leveraging AI and emerging technologies: Collaborating with industry-leading technology providers, including Neara and Technosylva, to better predict and prepare for extreme weather impacts.
  • Working with emergency partners to get ready: Coordinating with local officials, emergency management offices and community partners to prepare for extreme weather events, including through joint emergency response exercises.
  • Donating and installing emergency generators to key locations: Working with local communities to provide backup generators to critical facilities and community centers that provide medical care, food and water, cooling and other essential services in emergencies.
  • Hosting customer and community hurricane preparedness events: Holding a series of community preparedness events and webinars to provide updates about CenterPoint's preparations for hurricane season, important safety tips and key resources for customers.
  • Enhancing critical storm response tools: Implemented sophisticated damage modeling to help expedite critical decision making before and during an event, as well as adopted a new storm management software program to more efficiently onboard and deploy mutual assistance crews in support of CenterPoint's emergency response efforts.
  • Upgrading CenterPoint's Outage Tracker: Launched a new and improved, cloud-based Outage Tracker to provide real-time updates on outages and restoration efforts, available in English and Spanish.

CenterPoint will continue to provide updates on its critical resiliency actions. More information is available at CenterPointEnergy.com/TakingAction.


About CenterPoint Energy, Inc.
CenterPoint Energy, Inc. (NYSE: CNP) is a multi-state electric and natural gas delivery company serving approximately 7 million metered customers across Indiana, Minnesota, Ohio, and Texas. The company is headquartered in Houston and is the only Texas-domiciled investor-owned utility. As of March 31, 2025, the company had approximately $44 billion in assets. With approximately 8,300 employees, CenterPoint Energy and its predecessor companies have been serving customers for more than 150 years. For more information, visit CenterPointEnergy.com.