CenterPoint Energy announces plans to continue enhancement of reliability, resiliency and safety of its electric infrastructure
2023-05-24T05:00:00Z

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

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

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

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

The second phase of proposed enhancements will include:  

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

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

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

Today's filing does not impact natural gas bills, nor is it related to CenterPoint Energy's recently announced Integrated Resource Plan preferred portfolio.
 
Forward Looking Statement

This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this news release, the words "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "goal," "intend," "may," "objective," "plan," "potential," "predict," "projection," "should," "target," "will" or other similar words are intended to identify forward-looking statements. These forward-looking statements are based upon assumptions of management which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. Actual events and results may differ materially from those expressed or implied by these forward-looking statements. Any statements in this news release regarding future events, such as approval of CenterPoint Energy's proposed plan, CenterPoint Energy's ability to executed on the proposed plan, including the proposed scope of projects and anticipated benefits,  the extent to which and timing of CenterPoint Energy's ability to recover costs to implement the proposed plan, the amount and expected impact to customer's bills, and any other statements that are not historical facts are forward-looking statements. Each forward-looking statement contained in this news release speaks only as of the date of this release. Important factors that could cause actual results to differ materially from those indicated by the provided forward-looking information include risks and uncertainties relating to: (1) the impact of pandemics, including the COVID-19 pandemic; (2) financial market conditions; (3) general economic conditions; (4) the timing and impact of future regulatory and legislative decisions; (5) effects of competition; (6) weather variations; (7) changes in business plans; (8) continued disruptions to the global supply chain and increases in commodity prices; (9) legislative decisions, including tax and developments related to the environment such as global climate change, air emissions, carbon and waste water discharges; (10) CenterPoint Energy's ability to execute on its initiatives, targets and goals and operations and maintenance goals and (11) other factors, risks and uncertainties discussed in CenterPoint Energy's Annual Report on Form 10-K for the fiscal year ended December 31, 2022, CenterPoint Energy's Quarterly Report on Form 10-Q for the quarter ended March 31, 2023 and other reports CenterPoint Energy or its subsidiaries may file from time to time with the Securities and Exchange Commission.

 

About CenterPoint Energy
As the only investor-owned electric and natural gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Indiana, Louisiana, Minnesota, Mississippi, Ohio and Texas. As of March 31, 2023, the company owned approximately $38 billion in assets. With approximately 9,000 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.


 Recent News

 

 
CenterPoint Energy expands strategic relationship with Resilient Structures to accelerate grid hardening and support local economic development

HOUSTON — Feb. 9, 2026 — CenterPoint Energy (NYSE: CNP), today announced a long-term supply agreement with Resilient Structures (RS), a premier manufacturer of high-performance composite utility poles. This strategic relationship strengthens CenterPoint’s Greater Houston Resiliency Initiative (GHRI), a multi-year effort to harden the region’s electric infrastructure against increasingly severe weather events. 

  

Under the agreement, Resilient Structures will significantly expand its Humble, Texas operations to meet CenterPoint’s growing infrastructure needs. The expansion is expected to create more than 200 new jobs in the Houston area, reinforcing both companies’ commitment to local investment and economic development. 

  

“Building the most resilient coastal grid in the nation starts with strong relationships,” said Jesus Soto Jr. Chief Operating Officer at CenterPoint Energy. “Resilient Structures shares our commitment to enhance the reliability, resiliency and innovation of our Greater Houston region. This agreement provides a vital U.S.-based and Texas supported option for our supply chain. It will help make sure that CenterPoint has the critical resources to accelerate grid hardening across southeast Texas. By sourcing materials locally, we’re not only strengthening our electric infrastructure against extreme weather but also supporting economic growth and job creation in the communities we serve.”  

  

The agreement will provide CenterPoint with a secure, U.S.-based supply of advanced composite poles designed to withstand extreme weather conditions. By sourcing materials locally, CenterPoint and RS will shorten the supply chain and speed up deployment of storm-hardened structures across CenterPoint’s 12-county service territory. 

  

"We are incredibly proud to deepen our strategic relationship with CenterPoint Energy at such a pivotal moment for our region’s infrastructure," said John Higgins, Chief Executive Officer of RS. "This agreement is about more than just supply; it is a shared commitment to the safety and stability of our community. By expanding our operations right here in Houston, we are not only bringing over 200 high-quality, long-term jobs to the local economy but also ensuring that the materials strengthening our grid are made by the people who rely on it."  

  

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 September 30, 2025, the company had approximately $45 billion in assets. With approximately 8,300 employees, CenterPoint Energy and its predecessor companies have been serving customers for more than 150 years. 

About Resilient Structures 

Resilient Structures (RS) is a premier North American manufacturer of high-performance composite utility structures designed to harden the electrical grid against extreme weather and environmental threats. In business for over 30 years, RS is backed by Energy Impact Partners, a global investment firm with a strategic focus on the energy sector and Werklund Growth Fund, an investment firm backed by the Werklund family. RS operates three strategic manufacturing facilities in St. George, Utah; Tilbury, Ontario; and Humble, Texas. ​


CenterPoint Energy encourages Ohio customers to explore bill management options to benefit sooner

​​​Current bills to reflect January’s extreme cold

Payment assistance, flexible billing options and energy-saving resources available

DAYTON, Ohio – Feb. 3, 2026 – As CenterPoint Energy customers continue receiving February bills reflecting January’s extreme weather, the company is encouraging those who may need help managing their energy costs to explore available resources now to manage potential bill assistance needs.

January 2026 brought record-breaking snowfall to the region during Winter Storm Fern. The National Weather Service reported the longest streak of consecutive days below freezing since 2017-18. It marks the sixth time since 1893 the region has experienced an extended freeze of this magnitude. When temperatures fall this dramatically, heating systems work harder to maintain indoor comfort, resulting in increased energy usage reflected in monthly bills.

Natural gas commodity prices also rose sharply during the storm as severe weather disrupted production in key supply regions nationwide. These costs, set by national markets, are passed through to customers dollar-for-dollar without markup. Every year, the company procures gas on behalf of customers using tools to mitigate most of the exposure to large, demand-based market swings. CenterPoint does not control or profit from the price of natural gas.

“We understand that colder weather drove more heating use which is generating challenging higher bills,” said Mike Wilson, CenterPoint’s VP, Ohio Gas. “We want customers to know that help is available. Our Resource Hub brings together assistance programs, payment options and energy-saving tools, all in one place.”

The company also offers Budget Billing, which spreads energy costs evenly across the year for more predictable monthly bills.

Customers can sign up for Budget Billing and explore other resources by visiting CenterPoint’s improved Resource Hub at CenterPointEnergy.com/ResourceHub or call 800-227-1376.

As cold weather continues, CenterPoint reminds customers to be aware of the warning signs of carbon monoxide poisoning. Early symptoms such as headache and fatigue are similar to the flu, but without a fever. Continued CO exposure can lead to more severe headaches, dizziness, nausea, difficulty thinking clearly and fainting. If everyone in a household is experiencing these symptoms, it could be CO poisoning. If CO poisoning is suspected, leave the area immediately, get fresh air and call 911.


CenterPoint Energy encourages Indiana customers to explore bill management options to benefit sooner

​Current bills to reflect January’s extreme cold

Payment assistance, flexible billing options and energy-saving resources available

INDIANAPOLIS – Feb. 3, 2026 – As CenterPoint Energy customers continue receiving current bills reflecting January’s extreme weather, the company is encouraging those who may need help managing their energy costs to explore available resources now to manage potential bill assistance needs.

January 2026 brought the region’s heaviest snowfall in over a decade during Winter Storm Fern, with wind chills plunging 20 to 25 degrees below zero. The National Weather Service reported the longest streak of consecutive days below freezing since 2017-18. It marks only the sixth time since 1871 the region has experienced an extended freeze of this magnitude. When temperatures fall this dramatically, heating systems work harder to maintain indoor comfort, resulting in increased energy usage reflected in monthly bills.

Natural gas commodity prices also rose sharply during the storm as severe weather disrupted production in key supply regions nationwide. These costs, set by national markets, are passed through to customers dollar-for-dollar without markup. Every year, the company procures gas on behalf of customers using tools to mitigate most of the exposure to large, demand-based market swings. CenterPoint does not control or profit from the price of natural gas.

“We understand the colder weather drove more heating use which is generating challenging higher bills,” said Mike Roeder, President of CenterPoint Energy Indiana. “We want customers to know that help is available. Our Resource Hub brings together assistance programs, payment options and energy-saving tools, all in one place.”

The company also offers Budget Billing, which spreads energy costs evenly across the year for more predictable monthly bills.

Customers can sign up for Budget Billing and explore other resources by visiting CenterPoint’s improved Resource Hub at CenterPointEnergy.com/ResourceHub or call 800-227-1376.

As cold weather continues, CenterPoint also reminds customers to be aware of the warning signs of carbon monoxide (CO) poisoning. Early symptoms such as headache and fatigue are similar to the flu, but without a fever. Continued CO exposure can lead to more severe headaches, dizziness, nausea, difficulty thinking clearly and fainting. If everyone in a household is experiencing these symptoms, it could be CO poisoning. If CO poisoning is suspected, leave the area immediately, get fresh air and call 911.

CenterPoint Energy encourages southwestern Indiana customers to explore bill management options to benefit sooner
​​Current bills to reflect January’s extreme cold
Payment assistance, flexible billing options and energy-saving resources available

EVANSVILLE, Ind. – Feb. 3, 2026 – As CenterPoint Energy customers continue receiving current bills reflecting January’s extreme weather, the company is encouraging those who may need help managing their energy costs to explore available resources now to manage potential bill assistance needs.

January 2026 brought significant snowfall and dangerously cold wind chills to the region during Winter Storm Fern, with temperatures dropping well below zero. The National Weather Service reported the longest streak of consecutive days below freezing since 2021. When temperatures fall this dramatically, heating systems work harder to maintain indoor comfort, resulting in increased energy usage reflected in monthly bills. 

Natural gas commodity prices also rose sharply during the storm as severe weather disrupted production in key supply regions nationwide. These costs, set by national markets, are passed through to customers dollar-for-dollar without markup. Every year, the company procures gas on behalf of customers using tools to mitigate most of the exposure to large, demand-based market swings. CenterPoint does not control or profit from the price of natural gas.

“We understand the colder weather drove more heating use which is generating challenging higher bills,” said Mike Roeder, President of CenterPoint Energy Indiana. “We want customers to know that help is available. Our Resource Hub brings together assistance programs, payment options and energy-saving tools, all in one place.”

The company also offers Budget Billing, which spreads energy costs evenly across the year for more predictable monthly bills.

Customers can sign up for Budget Billing and explore other resources by visiting CenterPoint’s improved Resource Hub at CenterPointEnergy.com/ResourceHub or call 800-227-1376.

In October 2025, CenterPoint launched a series of Community Affordability Actions​, including the CenterPoint Energy Foundation’s $5 million Community Energy Improvement Fund​. Since then, the company has introduced additional bill management tools and programs for southwestern Indiana customers, including the Home Repair & Care program​—which provides major home repairs at no cost to qualifying households—and TimeWise, a voluntary pilot program offering residential electric customers a pricing option that may help them save by shifting energy use to lower-cost hours.

As cold weather continues, CenterPoint also reminds customers to be aware of the warning signs of carbon monoxide (CO) poisoning. Early symptoms such as headache and fatigue are similar to the flu, but without a fever. Continued CO exposure can lead to more severe headaches, dizziness, nausea, difficulty thinking clearly and fainting. If everyone in a household is experiencing these symptoms, it could be CO poisoning. If CO poisoning is suspected, leave the area immediately, get fresh air and call 911.​

To help manage winter heating bills, CenterPoint Energy encourages customers to use available resources and programs

MINNEAPOLIS – Jan. 29, 2026 – CenterPoint Energy encourages residential customers to use tools and resources that may be available to help manage their natural gas bills. Throughout the year, but especially in the winter months when home heating costs are historically higher, CenterPoint urges customers facing hardship to call the company now to find out about payment arrangements, energy efficiency programs and external agency resources.​

“For customers needing payment assistance resources, we offer various tools and programs to help them manage their natural gas bills and provide pathways to reducing energy use. Our representatives work with each customer to identify programs that may be available throughout the winter heating season. We encourage customers that need support in managing their bills to contact us now to set up a payment plan and find out more about energy assistance programs," said Brad Steber, CenterPoint Energy's Vice President, Minnesota Gas. 

Cold weather protections for residential customers
Under Minnesota's Cold Weather Rule, residential customers having difficulty paying their heating bills are required to set up a payment plan with their utility. Setting up and maintaining a payment plan helps prevent disconnection of service through April 30, 2026.

CenterPoint customers can call 800-245-2377 between 7 a.m. and 7 p.m., Monday-Friday, or visit CenterPointEnergy.com/PaymentAssistance to arrange a payment plan. A payment agreement must consider a customer's financial situation and any extenuating household circumstances.

Payment assistance and bill management resources
CenterPoint representatives can also refer customers to external resources that provide financial assistance for heating costs such as Minnesota's Energy Assistance Program. This program helps pay for home heating costs and furnace repairs for income-eligible households. Applications are being accepted for this program, and funds remain to assist Minnesotans this heating season. 

CenterPoint customers can also enroll in an Average Monthly Billing Plan, which spreads costs throughout the year to balance out payments and helps customers manage winter payment peaks, at CenterPointEnergy.com/MyAccount or by calling 800-245-2377.

Energy efficiency programs support customers in reducing their energy use
Various energy efficiency programs are available for residential customers, including renters. For qualifying customers, these programs may be available at a reduced rate or at no cost. Programs include:

  • Home energy assessment: The Home Energy Squad® is a home energy assessment program provided by CenterPoint and Xcel Energy that provides customers with a personalized energy savings plan and support in identifying qualified contractors and rebates. Through Jan. 31, customers scheduling their visit will receive half off with discount code NEWYEAR50. Schedule a visit at: CenterPointEnergy.com/HomeEnergySquad.
  • Visit the online Energy Efficiency Store: CenterPoint offers a variety of free and discounted products through its online Energy Efficiency Store including smart and programmable thermostats, window insulation kits, weatherstripping, low-flow showerheads and faucet aerators.
  • Air sealing and insulation rebates: By weatherizing a home through air sealing and insulation efforts, customers can prevent heat loss from their homes and reduce their energy use. Residential customers can receive rebates of up to $3,000 for work completed by a qualifying contractor. 

 Learn more about energy efficiency programs at CenterPointEnergy.com/SaveEnergy.