CenterPoint Energy continues shift from coal-fired generation; renewables complemented with natural gas-fired generation forge ahead as generation portfolio
CenterPoint Energy continues shift from coal-fired generation; renewables complemented with natural gas-fired generation forge ahead as generation portfolio
2023-05-01T05:00:00Z
  • 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.

 Recent News

 

 
CenterPoint Energy Foundation donates $10,000 to Heart of Indiana United Way to aid flood recovery efforts

​Donation supports long-term recovery for Hoosier families across Delaware, Fayette, Henry, Madison and Randolph counties

INDIANAPOLIS – Aug. 14, 2026 – To help support families and individuals impacted by the recent flooding that brought more than 11 inches of rain to east central Indiana, the CenterPoint Energy Foundation announced a $10,000 donation to the Heart of Indiana United Way's Flood Recovery Fund. CenterPoint has maintained a strong on-going relationship with Heart of Indiana United Way for more than 15 years.

“All of us at CenterPoint Energy are committed to supporting our Hoosier families and communities we serve, and we are proud to help the Heart of Indiana United Way in their recovery efforts," said Mike Roeder, President of CenterPoint Energy Indiana.

Heart of Indiana United Way established the Flood Recovery Fund to support long-term recovery for residents of Delaware, Fayette, Henry, Madison and Randolph counties, communities where CenterPoint delivers natural gas service to Hoosier customers. According to the organization, 100% of every gift to the fund will be used to aid local residents and families with long-term recovery. The assistance is also funded by CenterPoint Energy shareholders and its giving has no impact on customer rates.

How to help, and how to find help
Donations can be made at fundraise.givesmart.com/f/4p2t/n. Heart of Indiana United Way serves Delaware, Fayette, Henry, Madison and Randolph counties.

Hoosiers who need assistance can call 211, a statewide resource that helps connect individuals and families with essential community services, including housing, food, utility assistance and health care.

National 811 Day: CenterPoint Energy Reminds Nearly Two Million Texas Customers to Always Contact 811 Before Any Digging Projects

​​The free 811 national service is an essential safety step to help keep customers, workers, businesses safe and prevent damage to underground natural gas and electric lines 

HOUSTON – Aug. 11, 2026 – Today, on National 811 Day, CenterPoint Energy is reminding its approximately two million customers in Texas to always contact 811 a few business days before starting any outdoor digging project, big or small. Contacting the 811 national service is free, and is an essential safety step customers, businesses and contractors can – and must - take to prevent service interruptions and avoid potentially life-threatening damage to underground utility lines. In 2026 so far, approximately 3,500 damages have been caused to CenterPoint natural gas lines because digging occurred without underground utility lines being located and marked.

“Contacting 811 is about your safety, and the safety of the community. Whether you're planting a tree, building a fence or taking on another outdoor project, starting with 811 is one of the simplest steps you can take to keep your family, home, and neighbors safe. It is a free service and takes just a few minutes to request that underground utility lines are located and marked. Please always remember, before every digging project, know what's below and contact 811," said Vince Gaeto, Senior Vice President, Natural Gas Business at CenterPoint.

National 811 Day: Simple safety steps

Safe digging practices are essential and help prevent damage to underground natural gas, electric, communications, water and sewer lines and are required by state law. Digging without knowing the approximate location of underground utilities can result in serious injury, as well as service disruptions, fines and costly repairs. 

To prevent damage and stay safe, CenterPoint urges everyone to:

  • Plan ahead and call 811 or visit Texas811.org a few business days before starting work.
  • Confirm all utility lines are marked before beginning work.
  • Adjust project locations, as needed, to maintain a safe distance from utility lines.
  • Confirm hired contractors have contacted 811 before their work.
  • Complete digging within the timeframe required by state law. If work cannot be completed in that time, contact 811 again before continuing.  

Important Safety Reminder: Planting the right tree in the right place
In addition to urging customers to contact 811 before digging, CenterPoint Energy also requests that residents look up before planting a tree to ensure they are planted a safe distance from power lines. Residents can use this guide to learn more about safe planting distances based on the estimated mature height of the tree. Finally, CenterPoint Energy reminds residents to never attempt to trim trees near power lines and to call its forestry team at 800-332-7143 to request an inspection.

What to do if a natural gas line is struck
If a natural gas line is struck outside of a home or business, customers should:

  • Leave the area immediately on foot. Do not attempt to restart or move powered equipment or use your mobile device or any other item that could cause a spark.
  • Go to a safe location, then call 911 and CenterPoint.
  • Remain in a safe area until directed by emergency personnel to do otherwise.
  • Leave all repairs to a trained technician. 

Visit 811BeforeYouDig.com for more information about 811. To learn more about natural gas safety, visit CenterPointEnergy.com/Safety.   

Soundbites on the importance of 811 Day, along with b-roll footage and photos of CenterPoint employees marking underground utilities, can be found here: CNP Digital Asset Mgmt

About CenterPoint Energy, Inc.
 As the only investor owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Indiana, Minnesota, Ohio and Texas. As of June 30, 2026, the company owned approximately $48.3 billion in assets. With approximately 8,800 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com

National 811 Day: CenterPoint Energy Reminds Nearly 950,000 Minnesota Natural Gas Customers to Always Contact 811 Before Any Digging Projects

​The free 811 national service is an essential safety step to help keep customers, workers, businesses safe and prevent damage to underground natural gas and electric lines 

MINNEAPOLIS – Aug. 11, 2026 – Today, on National 811 Day, CenterPoint Energy is reminding its approximately 950,000 natural gas customers in Minnesota to always contact 811 a few business days before starting any outdoor digging project, big or small. Contacting the 811 national service is free, and is an essential safety step customers, businesses and contractors can – and must - take to prevent service interruptions and avoid potentially life-threatening damage to underground utility lines. In 2026 so far, approximately 3,500 damages have been caused to CenterPoint natural gas lines because digging occurred without underground utility lines being located and marked.

“Contacting 811 is about your safety, and the safety of the community. Whether you're planting a tree, building a fence or taking on another outdoor project, starting with 811 is one of the simplest steps you can take to keep your family, home, and neighbors safe. It is a free service and takes just a few minutes to request that underground utility lines are located and marked. Please always remember, before every digging project, know what's below and contact 811," said Vince Gaeto, Senior Vice President, Natural Gas Business at CenterPoint.

National 811 Day: Simple safety steps

Safe digging practices are essential and help prevent damage to underground natural gas, electric, communications, water and sewer lines and are required by state law. Digging without knowing the approximate location of underground utilities can result in serious injury, as well as service disruptions, fines and costly repairs.

To prevent damage and stay safe, CenterPoint urges everyone to:

  • Plan ahead and call 811 or visit GopherStateOneCall.org a few business days before starting work.
  • Confirm all utility lines are marked before beginning work.
  • Adjust project locations, as needed, to maintain a safe distance from utility lines.
  • Confirm hired contractors have contacted 811 before their work.
  • Complete digging within the timeframe required by state law. If work cannot be completed in that time, contact 811 again before continuing.  

What to do if a natural gas line is struck
If a natural gas line is struck outside of a home or business, customers should:

  • Leave the area immediately on foot. Do not attempt to restart or move powered equipment or use your mobile device or any other item that could cause a spark.
  • Go to a safe location, then call 911 and CenterPoint.
  • Remain in a safe area until directed by emergency personnel to do otherwise.
  • Leave all repairs to a trained technician. ​

Visit 811BeforeYouDig.com for more information about 811. To learn more about natural gas safety, visit CenterPointEnergy.com/Safety.   

Soundbites on the importance of 811 Day, along with b-roll footage and photos of CenterPoint employees marking underground utilities, can be found here: CNP Digital Asset Mgmt

About CenterPoint Energy, Inc.
As the only investor owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Indiana, Minnesota, Ohio and Texas. As of June 30, 2026, the company owned approximately $48.3 billion in assets. With approximately 8,800 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com​

National 811 Day: CenterPoint Energy Reminds Nearly 800,000 Hoosier Natural Gas Customers to Always Contact 811 Before Any Digging Projects

​The free 811 national service is an essential safety step to help keep customers, workers, businesses safe and prevent damage to underground natural gas and electric lines 

EVANSVILLE, Ind. – Aug. 11, 2026 – Today, on National 811 Day, CenterPoint Energy is reminding its approximately 800,000 natural gas customers in Indiana to always contact 811 a few business days before starting any outdoor digging project, big or small. Contacting the 811 national service is free, and is an essential safety step customers, businesses and contractors can – and must - take to prevent service interruptions and avoid potentially life-threatening damage to underground utility lines. In 2026 so far, approximately 3,500 damages have been caused to CenterPoint natural gas lines because digging occurred without underground utility lines being located and marked.

“Contacting 811 is about your safety, and the safety of the community. Whether you're planting a tree, building a fence or taking on another outdoor project, starting with 811 is one of the simplest steps you can take to keep your family, home, and neighbors safe. It is a free service and takes just a few minutes to request that underground utility lines are located and marked. Please always remember, before every digging project, know what's below and contact 811," said Vince Gaeto, Senior Vice President, Natural Gas Business at CenterPoint.

National 811 Day: Simple safety steps

Safe digging practices are essential and help prevent damage to underground natural gas, electric, communications, water and sewer lines and are required by state law. Digging without knowing the approximate location of underground utilities can result in serious injury, as well as service disruptions, fines and costly repairs.

To prevent damage and stay safe, CenterPoint urges everyone to:

  • Plan ahead and call 811 or visit Indiana811.org a few business days before starting work.
  • Confirm all utility lines are marked before beginning work.
  • Adjust project locations, as needed, to maintain a safe distance from utility lines.
  • Confirm hired contractors have contacted 811 before their work.
  • Complete digging within the timeframe required by state law. If work cannot be completed in that time, contact 811 again before continuing.  

What to do if a natural gas line is struck
If a natural gas line is struck outside of a home or business, customers should:

  • Leave the area immediately on foot. Do not attempt to restart or move powered equipment or use your mobile device or any other item that could cause a spark.
  • Go to a safe location, then call 911 and CenterPoint.
  • Remain in a safe area until directed by emergency personnel to do otherwise.
  • Leave all repairs to a trained technician.

Visit 811BeforeYouDig.com for more information about 811. To learn more about natural gas safety, visit CenterPointEnergy.com/Safety.   

Soundbites on the importance of 811 Day, along with b-roll footage and photos of CenterPoint employees marking underground utilities, can be found here: CNP Digital Asset Mgmt​

About CenterPoint Energy, Inc.
 As the only investor owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Indiana, Minnesota, Ohio and Texas. As of June 30, 2026, the company owned approximately $48.3 billion in assets. With approximately 8,800 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com

National 811 Day: CenterPoint Energy Reminds Nearly 350,000 Ohio Natural Gas Customers to Always Contact 811 Before Any Digging Projects

The free 811 national service is an essential safety step to help keep customers, workers, businesses safe and prevent damage to underground natural gas and electric lines 

DAYTON, Ohio – Aug. 11, 2026 – Today, on National 811 Day, CenterPoint Energy is reminding its approximately 350,000 natural gas customers in Ohio to always contact 811 a few business days before starting any outdoor digging project, big or small. Contacting the 811 national service is free, and is an essential safety step customers, businesses and contractors can – and must - take to prevent service interruptions and avoid potentially life-threatening damage to underground utility lines. In 2026 so far, approximately 3,500 damages have been caused to CenterPoint natural gas lines because digging occurred without underground utility lines being located and marked.

“Contacting 811 is about your safety, and the safety of the community. Whether you're planting a tree, building a fence or taking on another outdoor project, starting with 811 is one of the simplest steps you can take to keep your family, home, and neighbors safe. It is a free service and takes just a few minutes to request that underground utility lines are located and marked. Please always remember, before every digging project, know what's below and contact 811," said Vince Gaeto, Senior Vice President, Natural Gas Business at CenterPoint.

National 811 Day: Simple safety steps

Safe digging practices are essential and help prevent damage to underground natural gas, electric, communications, water and sewer lines and are required by state law. Digging without knowing the approximate location of underground utilities can result in serious injury, as well as service disruptions, fines and costly repairs.

To prevent damage and stay safe, CenterPoint urges everyone to:

  • Plan ahead and call 811 or visit OUPS.org a few business days before starting work.
  • Confirm all utility lines are marked before beginning work.
  • Adjust project locations, as needed, to maintain a safe distance from utility lines.
  • Confirm hired contractors have contacted 811 before their work.
  • Complete digging within the timeframe required by state law. If work cannot be completed in that time, contact 811 again before continuing.  

What to do if a natural gas line is struck
If a natural gas line is struck outside of a home or business, customers should:

  • Leave the area immediately on foot. Do not attempt to restart or move powered equipment or use your mobile device or any other item that could cause a spark.
  • Go to a safe location, then call 911 and CenterPoint.
  • Remain in a safe area until directed by emergency personnel to do otherwise.
  • Leave all repairs to a trained technician.

Visit 811BeforeYouDig.com for more information about 811. To learn more about natural gas safety, visit CenterPointEnergy.com/Safety.   

Soundbites on the importance of 811 Day, along with b-roll footage and photos of CenterPoint employees marking underground utilities, can be found here: CNP Digital Asset Mgmt

About CenterPoint Energy, Inc.
 As the only investor owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Indiana, Minnesota, Ohio and Texas. As of June 30, 2026, the company owned approximately $48.3 billion in assets. With approximately 8,800 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com