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 nearing completion of customer restorations

​​Houston – May 22, 2024 – CenterPoint Energy today reported that it continues to make steady progress on its restoration efforts, with more than 850,000 customers impacted by last week's devastating storm restored as of noon CT.  

  • Company remains on track to be substantially complete with storm-related outages this evening  
  • More than 7,000 workers continue dedicated restoration efforts with concentration on hardest-hit areas and neighborhoods 
  • Company will be laser-focused on addressing remaining outages  ​​

The company said that it is nearing completion of restoration of customers impacted from the severe weather event and any remaining outages after Wednesday evening will be predominantly isolated instances in certain locations where there is substantial damage or where customers are unable to receive power due to severe home damage or damage to customer-owned equipment, such as weatherheads. CenterPoint expects some isolated outages to extend into the weekend. 

"We thank our customers for their continued patience and understanding during a very challenging time," said Lynnae Wilson, Senior Vice President, Electric Business. “Our crews will be laser-focused and work around-the-clock to restore power to every last customer." 

In some cases, outages may be attributable to routine service issues that periodically occur on CenterPoint's system, and our crews are also addressing those outages as safely and quickly as possible. 

 CenterPoint Energy reminds customers to remain safe and: 

  • Stay at least 35 feet away from downed power lines and damaged utility equipment. Be especially mindful of downed lines that could be hidden and treat all downed lines as if they are energized. 
  • Be cautious around work crews and give them plenty of room to safely assess damages and make repairs. 
  • Only use a portable generator in a well-ventilated area and never run it inside or in a garage to avoid carbon monoxide fumes, which can be deadly. 
  • Never connect a portable electric generator directly to your building's electrical system during a power outage; electricity could backfeed into the power lines, potentially endangering CenterPoint Energy workers, mutual assistance workers or members of the public. 

For the latest information on power outages:  


CenterPoint Energy assures customers it is aware of and closely monitoring the status of outages to support full restoration

HoustonMay 21, 2024 – CenterPoint Energy today assured its customers that from the moment severe weather struck its Greater Houston service area on May 16, the company has been aware of and closely monitoring the status of outages, including which customers are out and for how long. In an effort to keep its customers continuously updated, CenterPoint has provided access to tools and channels capturing essential outage data, with the goal of keeping the majority of its customers informed.

  • Interactive map on website provides accurate outage and restoration information for majority of customers
  • Some inaccuracies may exist at the individual customer level, but company has been tracking customer outages and working to restore customers safely and quickly
  • Company surpasses 775,000 customer restorations; on track to be substantially complete with restoration of outages by tomorrow evening ​​

CenterPoint posted an interactive map on its website to provide outage information and restoration expectations to its customers. While the website provides accurate information for a majority of the company's customers, there may be some inaccuracies at the individual address level where the customer is shown as being restored even though they are without power. Even if the interactive map shows an address or area as being restored and the customer has not yet received power, CenterPoint is aware of this outage. Please rest assured that the company is working to restore service as safely and quickly as possible to all customers without service.

“Given the magnitude of outages associated with this severe weather event, we wanted to provide our customers with as much information about their outage and restoration time as possible," said Lynnae Wilson, Senior Vice President, Electric Business. “We apologize for any confusion our outage information may have caused for those customers who continue to be out and are not reflected on our map."  

Although 85% of customers impacted from this event and 95% of all customers on CenterPoint's system now have service, restoration continues for the 140,000 customers who are currently without power due to the storm. The company expects to be substantially complete by tomorrow evening. CenterPoint continues to work safely and urgently, but crews are encountering areas of significant system damage and large downed trees accompanied by difficult restorations. These locations include, but are not limited to, parts of Bellaire, Spring Branch, the Heights, Lazybrook/Timbergrove around Cottage Grove.

“While we have made good progress, we will not be satisfied until every last storm-impacted customer has their service safely restored," Wilson added.

The company shared the reasons why some customers may have their power restored, while others nearby are still without power. One common reason is a situation known as a “nested outage." This occurs when, even after fixing the main issue, smaller problems still cause outages in specific areas. These secondary issues can arise from unseen damage or overloaded systems.

Another reason could be that customers on the same street might be on different electrical circuits. Customers on different circuits can experience varied restoration times because each circuit may have different levels of damage or may be repaired in a different sequence. This means that while one circuit is fully restored, another might still be undergoing repairs. They may also be impacted by a more localized issue, such as damage to fuses, transformers, meters, electric lines or other electric infrastructure.

As CenterPoint moves further into the restoration process, it is important that customers check for damage to their equipment to ensure that they are able to receive service as soon as the system is energized. This will prevent further delays to restoration. Specifically, customers should check their weatherhead, the point where power enters the home through an electric service drop, which is often a pipe located on the side of the residence or building.

If the weatherhead is damaged, we cannot safely restore service to the home until a licensed electrician has made the necessary repairs.  Customers who are served by an underground service will not have a weatherhead, but there may still be damage to their equipment that could require servicing.

CenterPoint Energy reminds customers to remain safe and:

  • Stay at least 35 feet away from downed power lines and damaged utility equipment. Be especially mindful of downed lines that could be hidden and treat all downed lines as if they are energized.
  • Be cautious around work crews and give them plenty of room to safely assess damages and make repairs.
  • Only use a portable generator in a well-ventilated area and never run it inside or in a garage to avoid carbon monoxide fumes, which can be deadly.
  • Never connect a portable electric generator directly to your building's electrical system during a power outage; electricity could backfeed into the power lines, potentially endangering CenterPoint Energy workers, mutual assistance workers or members of the public.

For the latest information on power outages:


CenterPoint Energy restores more than 800,000 customers impacted by last week’s storm

HoustonMay 21, 2024 – As of 6 p.m. CT, CenterPoint Energy has restored more than 800,000 customers who were impacted by last week's sudden and destructive severe weather, which included Category 2 Hurricane-like winds and tornadoes that quickly struck its service territory.

  • Company remains on track to be substantially complete with storm-related outages by tomorrow evening
  • CenterPoint expects some isolated outages to extend into the weekend in certain locations where there is substantial damage or due to issues with customer-owned equipment, such as weatherheads; company will remain laser focused on full restoration
  • Some outages are attributable to routine service issues that periodically occur on CenterPoint's system

The company remains on track to be substantially complete with its restoration efforts by tomorrow evening. The remaining outages will be predominantly isolated instances in certain locations where there is substantial damage or where customers are unable to receive power due to severe home damage or damage to customer-owned equipment, such as weatherheads. In some cases, outages may be attributable to routine service issues that periodically occur on CenterPoint's system. Upon substantial completion of restoration, the company's full complement of internal, contract and mutual assistance crews will focus on addressing these remaining outages as safely and quickly as possible.

“While we take pride in our crews' ability to restore power to more than 800,000 impacted customers​​​​​ in five days, our work is not done until all of our restorations are safely completed," said Lynnae Wilson, Senior Vice President, Electric Business. “We will have our crews laser-focused on addressing the isolated outages. In some of the hardest-hit areas, restoration efforts will extend into the weekend. We will continue to work well beyond Wednesday to replace temporary repairs with permanent infrastructure."

CenterPoint Energy reminds customers to remain safe and:

  • Stay at least 35 feet away from downed power lines and damaged utility equipment. Be especially mindful of downed lines that could be hidden and treat all downed lines as if they are energized.
  • Be cautious around work crews and give them plenty of room to safely assess damages and make repairs.
  • Only use a portable generator in a well-ventilated area and never run it inside or in a garage to avoid carbon monoxide fumes, which can be deadly.
  • Never connect a portable electric generator directly to your building's electrical system during a power outage; electricity could backfeed into the power lines, potentially endangering CenterPoint Energy workers, mutual assistance workers or members of the public.

For the latest information on power outages:


CenterPoint Energy surpasses today’s goal by restoring more than 90% of customers impacted by last week’s storm

HoustonMay 21, 2024 – As of 9 p.m. CT, CenterPoint Energy has restored more than 840,000 or 90% of customers who were impacted by last week's sudden and destructive severe weather, which included Category 2 Hurricane-like winds and tornadoes that quickly struck its service territory.

  • More than 840,000 customers restored through day five
  • Company remains on track to be substantially complete with storm-related outages by tomorrow evening
  • 7,000-strong workforce continues to make steady progress, while tackling hardest-hit areas​

The company remains on track to be substantially complete with its restoration efforts by tomorrow evening. The remaining outages will be predominantly isolated instances in certain locations where there is substantial damage or where customers are unable to receive power due to severe home damage or damage to customer-owned equipment, such as weatherheads. CenterPoint expects some isolated outages to extend into the weekend.

In some cases, outages may be attributable to routine service issues that periodically occur on CenterPoint's system. Upon substantial completion of restoration, the company's internal, contract and mutual assistance crews will focus on addressing these remaining outages as safely and quickly as possible.

 CenterPoint Energy reminds customers to remain safe and:

  • Stay at least 35 feet away from downed power lines and damaged utility equipment. Be especially mindful of downed lines that could be hidden and treat all downed lines as if they are energized.
  • Be cautious around work crews and give them plenty of room to safely assess damages and make repairs.
  • Only use a portable generator in a well-ventilated area and never run it inside or in a garage to avoid carbon monoxide fumes, which can be deadly.
  • Never connect a portable electric generator directly to your building's electrical system during a power outage; electricity could backfeed into the power lines, potentially endangering CenterPoint Energy workers, mutual assistance workers or members of the public.

For the latest information on power outages:


CenterPoint Energy surpasses 700,000 customer restorations

HoustonMay 20, 2024 – As of 12 p.m. CT, CenterPoint Energy has restored more than 700,000 customers who were impacted by last week's sudden and destructive severe weather, which included Category 2 Hurricane-like winds and tornadoes that quickly struck its service territory.

  • Significant progress made toward goal of being substantially complete by Wednesday evening
  • Targeting this evening for approximately 85% of customer outages resulting from storm to be restored
  • Crews working around-the-clock in heavily damaged areas to address difficult restorations as safely as possible​​

Restoration continues for the just over 200,000 customers who are currently without power and is expected to be substantially complete by Wednesday evening. CenterPoint continues to work safely and urgently, but crews are encountering areas of significant damage accompanied by difficult restorations. These locations include parts of Bellaire, Spring Branch, the Heights, Lazybrook/Timbergrove and Cottage Grove.

Crews are finding equipment buried under multiple downed trees, large limbs, heavy debris and fences, as well as entire large trees down on roads, properties and CenterPoint's wires. In addition, the recent heavy rainfall across the area has caused issues with soil and tree stability, further complicating restoration efforts. While crews are addressing the challenges as safely as possible, these issues are impacting the pace of the restorations in certain areas.

“We understand the past four days have been very difficult as our customers have worked to recover from the devastating impacts of last week's severe weather. We also understand those customers who are still without power are dealing with extra levels of anxiety and concern in their lives, especially given the hot weather," said Lynnae Wilson, Senior Vice President, Electric Business. “We are putting all our available resources on safely restoring the remaining customers who are out, and we encourage customers to continue to utilize cooling stations, stay hydrated and take other precautions."

The company also shared the reasons why some customers may have their power restored, while others nearby are still without power. One common reason is a situation known as a “nested outage." This occurs when, even after fixing the main issue, smaller problems still cause outages in specific areas. These secondary issues can arise from unseen damage or overloaded systems.

Another reason could be that customers on the same street might be on different electrical circuits. Customers on different circuits can experience varied restoration times because each circuit may have different levels of damage or may be repaired in a different sequence. This means that while one circuit is fully restored, another might still be undergoing repairs. They may also be impacted by a more localized issue, such as damage to fuses, transformers, meters, electric lines or other electric infrastructure.

As the company gets further into the recovery process, it is important that customers check for damage to their equipment to ensure that they are able to receive service as soon as the system is energized.  This will prevent further delays to restoration. Specifically, customers should check their weatherhead, the point where power enters the home through an electric service drop, which is often a pipe located on the side of the residence or building. If the weatherhead is damaged, we cannot safely restore service to the home until a licensed electrician has made the necessary repairs.  Customers who are served by an underground service will not have a weatherhead, but there may still be damage to their equipment that could require servicing.

On the evening of Sunday, May 19, the company posted an updated restoration map by area on its website. It can be accessed at CenterPointEnergy.com/StormCenter. CenterPoint is also utilizing its Power Alert Service® tool to continue targeted restoration updates to customers. 

CenterPoint Energy reminds customers to remain safe and:

  • Stay at least 35 feet away from downed power lines and damaged utility equipment. Be especially mindful of downed lines that could be hidden and treat all downed lines as if they are energized.
  • Be cautious around work crews and give them plenty of room to safely assess damages and make repairs.
  • Only use a portable generator in a well-ventilated area and never run it inside or in a garage to avoid carbon monoxide fumes, which can be deadly.
  • Never connect a portable electric generator directly to your building's electrical system during a power outage; electricity could backfeed into the power lines, potentially endangering CenterPoint Energy workers, mutual assistance workers or members of the public.

For the latest information on power outages:

  • Follow @CenterPoint; and