CenterPoint Energy Reports Strong Q3 Results, Raises Full Year 2023 Guidance and Capital Plan, and Initiates 2024 Guidance
2023-10-26T05:00:00Z

HOUSTON -CenterPoint Energy, Inc. (NYSE: CNP) or “CenterPoint" today reported income available to common shareholders of $256 million, or $0.40 per diluted share on a GAAP basis for the third quarter of 2023.

  • Reported GAAP earnings and non-GAAP earnings of $0.40 per diluted share for Q3 2023
  • Increased non-GAAP EPS guidance range for 2023 from $1.48-$1.50 to $1.49-$1.51 which now represents a 9% growth target at the midpoint over 2022 actual results; expected to be the third consecutive year of 9% growth1
  • Increased 10-year capital plan to $43.9 billion, a $500 million increase through 2030 which includes an increase of $200 million in 2023 and $300 million in 2024 and 2025
  • Initiated 2024 non-GAAP EPS guidance range of $1.61-$1.63, which represents an 8% growth over the increased 2023 midpoint and further maintains growth targets of 8% for 2024 and the mid-to-high end of 6%-8% annually thereafter through 20301​

“This quarter is another great example of this management team meeting or exceeding expectations while continuing to demonstrate that there's still potential for additional incremental earnings power"

Non-GAAP EPS for the third quarter 2023 was also $0.40, a 25% increase to the comparable quarter of 2022. These strong third quarter results were primarily driven by growth and regulatory recovery, which contributed $0.09 per share of favorability, and weather, which contributed another $0.05 per share of favorability as compared to the third quarter of 2022. These drivers were partially offset by an unfavorable variance of $0.08 per share attributable to increased interest expense over the comparable quarter of 2022.

“This quarter is another great example of this management team meeting or exceeding expectations while continuing to demonstrate that there's still potential for additional incremental earnings power," said Dave Lesar, CEO of CenterPoint. “Heading into the final quarter of 2023 and looking to 2024, we are anticipating continued headwinds of higher interest rates and persistent inflation but will continue to manage through these conditions, targeting an earnings growth rate that is amongst the top in the sector. This includes an 8% non-GAAP EPS growth target for 2024, and mid-to-high end of 6-8% growth target annually thereafter through 2030."

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1 CenterPoint is unable to present a quantitative reconciliation of forward-looking non-GAAP diluted earnings per share without unreasonable effort because changes in the value of ZENS (as defined herein) 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.


“Given the extreme weather conditions causing significant stress on our system, especially in our Houston Electric service territory, our team did a tremendous job of keeping the power flowing for our customers," said Lesar. “We understand that it's a privilege to serve such a vital role in our communities and it's certainly not one we take lightly."

Lesar added, “We are pleased to announce yet another increase to our customer-driven 10-year capital plan by an incremental $500 million through 2030. This will include approximately $200 million in 2023 and approximately $300 million in 2024 and 2025. As stated in prior quarters, we will incorporate incremental capital when we believe we can operationally execute it, efficiently fund it, and effectively recover it. Our focus continues to be on delivering industry leading growth each and every year, while over-delivering for our customers, investors, and other stakeholders."

Earnings Outlook

Given CenterPoint's divestiture of its remaining midstream investments during 2022, CenterPoint will be presenting a consolidated non-GAAP EPS guidance range for 2023.

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.

2022 and 2023 non-GAAP EPS; 2023 and 2024 non-GAAP EPS guidance range

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

  • 2022 non-GAAP EPS excluded:
    • Earnings or losses from the change in value of ZENS and related securities;
    • Gain and impact, including related expenses, associated with 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.
  • 2023 non-GAAP EPS and 2023 and 2024 non-GAAP EPS guidance excludes:
    • Earnings or losses from the change in value of ZENS and related securities; and
    • Gain and impact, including related expenses, associated with mergers and divestitures, such as the divestiture of Energy Systems Group, LLC.

In providing 2023 non-GAAP EPS and 2023 and 2024 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 2023 and 2024 non-GAAP EPS guidance ranges also consider 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 2023 and/or 2024 non-GAAP EPS guidance ranges 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 without unreasonable effort 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 September 30, 2023. 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 October 26, 2023, 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 September 30, 2023, the company owned approximately $39 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.

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 incremental capital opportunities, deployment of capital, renewables projects, and financing of such projects), the timing of and projections for upcoming rate cases for CenterPoint and its subsidiaries, the timing and extent of CenterPoint's recovery, including with regards to its generation transition plans and projects, mobile generation spend, projects included in CenterPoint's Natural Gas Innovation Plan, and projects included under its 10-year capital plan, the extent of anticipated benefits from new legislation, future earnings and guidance, including long-term growth rate, customer charges, operations and maintenance expense reductions, financing plans (including the timing of any future equity issuances, securitization, credit metrics and parent level debt), the timing and anticipated benefits of our generation transition plan, including our exit from coal and our 10-year capital plan, ZENS and impacts of the maturity of ZENS, tax planning opportunities, 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, expected customer growth, ESG strategy, including our net zero and carbon emissions reduction goals, 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, including the internal restructuring of certain subsidiaries, joint ventures and acquisitions or dispositions of assets or businesses, including the completed sales of our Natural Gas businesses in Arkansas and Oklahoma, and Energy Systems Group, LLC, and the exit from midstream, 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 inflation, interest rates and instability of banking institutions, and their 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 pandemics, including the COVID-19 pandemic; (10) the recording of impairment charges; (11) weather variations and CenterPoint's ability to mitigate weather impacts, including the approval and timing of securitization issuances; (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, 2022 and CenterPoint's Quarterly Reports on Form 10-Q for the quarters ended March 31, 2023, June 30, 2023, and September 30, 2023, 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

 

 
As natural gas construction season begins, CenterPoint Energy reminds Minnesotans to stay alert and safe around work zones

B-roll of CenterPoint’s Minnesota crews at work: https://cnplibrary.canto.com/b/GDEQL​

MINNEAPOLIS – April 21, 2026 – With warmer temperatures arriving in Minnesota, construction activities will be increasing across the state. CenterPoint Energy’s crews and contractors will be working in many communities this year, and the company encourages customers and the public to stay alert and use caution around work zones to help keep themselves and their fellow Minnesotans safe.

In 2025, CenterPoint achieved the following construction milestones to enhance safety and reliability for Minnesota customers and communities:

  • Replacing more than 150 miles of natural gas main lines
  • Installing over 22,000 natural gas service lines
  • Replacing or installing over 38,000 natural gas meters

This year’s construction activities will continue to focus on enhancing the safety and reliability of the company’s natural gas system, especially during winter’s coldest days. Additionally, CenterPoint replaces and relocates its infrastructure to enable projects completed by government agencies such as constructing roads, bridges, drainage and other infrastructure.

“Our top priority is keeping our workers, customers and Minnesota neighbors safe as this important natural gas upgrade work is completed to benefit our local communities,” said Brad Steber, CenterPoint’s Vice President, Minnesota Gas. “As construction activity ramps up, people may see crews, equipment and construction traffic in their neighborhoods and on local roads. Slowing down, staying aware and following posted signs helps protect everyone as these important safety and reliability projects are conducted.”

This year’s construction activities are expected to continue through fall, weather permitting. CenterPoint works to notify customers before construction projects through channels such as direct mail, email and social media.

To learn more about specific construction projects and to sign up for email updates, visit CenterPointEnergy.com/Construction.

Staying safe near construction areas
CenterPoint encourages everyone to follow these safety tips when driving, cycling or walking near construction zones:

  • Work areas can change as activities progress. Watch for crews, equipment, cones and barriers.
  • Remain outside of work areas at all times.
  • Follow posted signs and directions from crew members, such as traffic flaggers.
  • If driving or cycling near activities, slow down and remain outside construction barriers.
  • Avoid distractions like using a cell phone.

Call before you dig 
Anyone planning a project that requires digging should contact 811 at least three business days prior to their work starting to have underground utilities located at no cost. CenterPoint reminds customers that this includes projects done by themselves or their contractors, including building 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.

CenterPoint Energy celebrates National Lineman’s Appreciation Day by honoring frontline workers and their critical role in delivering safe, reliable energy to communities across the Greater Houston area

​HOUSTON — April 18, 2026 — Every year, by designation of the United States Congress, the nation recognizes the profession of linemen and expresses support for the brave men and women who serve as frontline electric workers across the country. These highly skilled professionals serve their communities year-round through extreme heat, severe cold and challenging conditions to deliver safe and reliable electric service every day. Beyond serving their local areas, linemen also answer the call for mutual assistance from utilities across the country, traveling to the hardest-hit areas to help restore power following hurricanes, wildfires, tornadoes, winter storms and other major weather events and natural disasters.

“National Lineman's Appreciation Day gives us the opportunity to recognize our remarkable and highly trained professionals who keep our system operating safely and reliably every day," said Ed De Varona, CenterPoint's Senior Vice President, Electric Business. “From strengthening infrastructure and installing more storm‑resilient equipment to repairing damage caused by accidents and restoring power after severe weather, our linemen are the backbone of safe and reliable electric service in Greater Houston."

CenterPoint's Houston frontline electric workers serve more than 2.9 million metered customers across 12 counties in southeast Texas, maintaining approximately 4,000 circuit miles of transmission lines and approximately 56,000 miles of distribution lines. In addition to installing, maintaining and repairing electric infrastructure such as transmission towers, distribution poles, substations, transformers and wires, these linemen also educate the public on electric wire safety and adhere to rigorous safety standards to protect themselves and the communities CenterPoint serves.

They are also playing a critical role in helping the company work toward its goal of building and operating the most resilient coastal grid in the country. Since CenterPoint launched the Greater Houston Resiliency Initiative (GHRI) in August 2024, company linemen and contractors have:

  • Installed or replaced more than 63,000 stronger, more storm-resilient poles built to withstand extreme winds;
  • Undergrounded more than 430 miles of power lines to improve overall resiliency;
  • Cleared high-risk vegetation from more than 8,000 miles of power lines;
  • Installed more than 590 intelligent grid switching devices to reduce the impact of outages and improve restoration times; and
  • Installed more than 150 weather monitoring stations to improve situational awareness and storm preparation.

For more information on CenterPoint's efforts to build a stronger, more resilient grid for its customers, visit CenterPointEnergy.com/TakingAction.
 
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 December 31, 2025, the company owned approximately $46.5 billion in assets. With approximately 8,800 employees, CenterPoint and its predecessor companies have been in business for more than 150 years.​

CenterPoint Energy’s 2026 Greater Houston Resiliency Initiative (GHRI) first quarter milestones bring strengthened reliability and resiliency to Greater Houston electric customers and communities

​HOUSTON, April 17, 2026 – Today, CenterPoint Energy announced key first quarter progress in achieving its 2026 milestones for the company's Greater Houston Resiliency Initiative (GHRI), a multi-year effort to strengthen resiliency and improve reliability for its 2.9 million electric customers and help build the most resilient coastal grid in the nation.

Building upon the historic GHRI progress achieved to date, in the first quarter of 2026, CenterPoint has installed 10,000+ storm resilient poles, cleared 1,600+ miles of higher-risk vegetation, completed 99 miles of power line undergrounding, and hardened 220+ miles of power lines. With these reliability improvements, CenterPoint is well on its way to achieving its 2026 GHRI goals, which include: installing 35,000 stronger, storm-resilient poles, clearing high-risk vegetation from 8,000 miles of power lines and hardening 500 transmission structures against storms. By the end of 2026, these infrastructure improvements are expected to improve day-to-day reliability for customers, reduce the impact of storm-related outages and save customers from experiencing over 50 million outage minutes this year.

“We are proud of the progress made in 2025 which helped deliver more than 100 million fewer outage minutes when compared to 2024, and we are determined to make even more progress in 2026 as we work toward our defining goal: building the nation's most resilient coastal grid. To date, we are ahead of schedule in making critical 2026 GHRI improvements, and we will continue to build the stronger, smarter infrastructure necessary to further improve systemwide reliability and strengthen resiliency, reducing the likelihood and impact of outages for our customers," said Nathan Brownell, CenterPoint's Vice President of Resilience and Capital Delivery.

2026 GHRI: key resiliency actions & goals
Throughout 2026, all across the greater Houston area, CenterPoint will be undertaking a series of GHRI-related actions to improve resiliency for its customers. Among the actions include:​

2026 GHRI Actions​​

Launch of Community Progress Tracker
To help keep CenterPoint's 2.9 million Greater Houston-area customers better informed about the GHRI reliability and resiliency actions taken since 2024, the company recently launched the Community Progress Tracker, a new web-based map that provides direct access for customers to track progress on infrastructure improvements in their neighborhood. As part of its ongoing commitment to the community, CenterPoint will also be hosting a series of community meetings to share more information on 2026 GHRI actions, as well as engage directly with customers on how to further improve their service.

For more information about GHRI and CenterPoint's actions to strengthen the system on behalf of its customers, visit CenterPointEnergy.com/TakingAction.

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 December 31, 2025, the company owned approximately $46.5 billion in assets. With approximately 8,800 employees, CenterPoint and its predecessor companies have been in business for more than 150 years.
​​

CenterPoint Energy appoints Michael A. “Casey” Herman to Board of Directors

​HOUSTON — April 16, 2026 — As part of the ongoing refreshment process of its Board of Directors, CenterPoint Energy (NYSE: CNP) today announced that its shareholders elected a new Director, Michael A. (“Casey") Herman to its Board, effective April 16, 2026. Herman brings decades of audit, governance, and finance strategy experience in the electric and gas utility industries to CenterPoint's Board.

Herman is a senior industry executive with deep experience leading complex audits and providing consulting services for companies across the utility sector, including his 10 years of leading the U.S. Utility & Power Sector and Sustainability practices at PricewaterhouseCoopers (PwC). He has also served as a C-suite advisor and member of several utility industry-related boards, including as Chair of the Electric Power Research Institute's (EPRI) Advisory Committee and a member of the Edison Electric Institute's (EEI) Wall Street Advisory Group. He is a licensed Certified Public Accountant in Illinois and Louisiana.

“Casey is a well-respected thought leader in our industry having served numerous companies in the investor-owned utility space and he has a wealth and variety of experience that will greatly benefit CenterPoint's Board," said Jason P. Wells, Chair of CenterPoint's Board of Directors. “He brings decades of governance, audit, strategic planning, and long-term financing strategy expertise, especially when it comes to driving long-term strategic plans for Fortune 500 companies. We could not be more pleased to have him join us at this time."

Consistent with its growth-focused strategy and 10-year, $65.5 billion capital investment plan, CenterPoint continues to deliver on its objective to invest in the resilience, reliability and safety of its system and to fuel the company's long-term growth potential, for the benefit of its customers and communities across the service areas it serves.

Regarding his appointment, Herman said, “I am honored to be joining CenterPoint's Board and bringing my perspective to the table. As we all work together to support the company's goals of building and operating the most resilient coastal grid in the in the nation and the safest gas system in the country, I look forward to leveraging my experience and providing insights to the Board to help advance the company's long-term strategy."

About Michael A. “Casey" Herman
A former senior partner at PricewaterhouseCoopers, Casey Herman brings nearly four decades of experience advising companies across the energy, utility, and power sectors. During his tenure at PwC, he served as U.S. Utility and Power Sector Leader, where he led complex audits and provided strategic advisory services to Fortune 500 utility and energy companies. A licensed certified public accountant, Casey served as lead engagement partner for numerous large external audits, providing deep expertise in financial reporting, regulatory compliance, and SEC filings.

Casey holds a Bachelor of Science in Management from the A.B. Freeman School of Business at Tulane University where he also sits on the board. He also serves on the board of Dragos, Inc., a provider of cybersecurity for operational technology in the energy and industrial sectors.

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 December 31, 2025, the company owned approximately $46.5 billion in assets. With approximately 8,800 employees, CenterPoint and its predecessor companies have been in business for more than 150 years.
 
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, which include statements regarding our strategic, growth and capital plans, longer-term resiliency plans, and future performance and financial results, are based upon assumptions of management which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. Actual events and results may differ materially from those expressed or implied by these forward-looking statements. Any statements in this news release regarding future events that are not historical facts are forward-looking statements. Each forward-looking statement contained in this news release speaks only as of the date of this release or the date that such statement is made, as applicable. Important factors that could cause actual results to differ materially from those indicated by the provided forward-looking information include risks and uncertainties relating to: (1) business strategies and strategic initiatives; (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, 2025 and other reports CenterPoint Energy or its subsidiaries may file from time to time with the Securities and Exchange Commission.  ​​​

CenterPoint Energy celebrates National Lineman’s Appreciation Day by honoring frontline workers and their critical role in delivering safe, reliable energy to communities across southwestern Indiana

​EVANSVILLE, Ind. — April 17, 2026 — Observed annually on April 18, by designation of the United States Congress, the nation recognizes the profession of linemen and expresses support for the brave men and women who serve as frontline electric workers across the country. These highly skilled professionals serve their communities year-round through extreme heat, severe cold and challenging conditions to deliver safe and reliable electric service every day. Beyond serving their local areas, linemen also answer the call for mutual assistance from utilities across the country, traveling to the hardest-hit areas to help restore power following hurricanes, wildfires, tornadoes, winter storms and other major weather events and natural disasters.

“National Lineman's Appreciation Day gives us the opportunity to recognize our remarkable and highly trained professionals who keep our system operating safely and reliably," said Shane Bradford, Vice President of CenterPoint's Indiana Electric Business. “From strengthening infrastructure and restoring power after severe weather, our linemen are the backbone of safe and reliable electric service in southwestern Indiana."

CenterPoint's Evansville frontline electric workers serve approximately 154,000 metered customers across 6 counties in southwestern Indiana, maintaining approximately 1,050 circuit miles of transmission lines and approximately 7,170 miles of distribution lines. In addition to installing, maintaining and repairing electric infrastructure such as transmission towers, distribution poles, substations, transformers and wires, these linemen also educate the public on electric wire safety and adhere to rigorous safety standards to protect themselves and the communities CenterPoint serves.

In 2025, these men and women played a critical role in helping the company improve on key measures, including:

  • Fewer outages: The average number of outages customers experienced dropped by nearly 10% compared to 2024, continuing a trend of year-over-year improvement since 2022.
  • Shorter outages: When outages did occur, the system's average duration decreased by 14%, meaning power was restored sooner for customers across the service territory.
  • Fewer repeat outages: The number of customers who experienced four or more outages in a year dropped by 10%, driven by a targeted program that identifies areas with repeated outages and prioritizes improvements.

Additionally, outage minutes attributed to equipment failure have dropped 57% since 2019 as the company has continued to replace and upgrade infrastructure through its grid modernization program.

Ongoing commitment to customers

CenterPoint's prudent investments in reliability are part of a broader commitment to southwestern Indiana customers that includes prioritizing affordability. Over the past year, the company has taken a series of actions to manage costs for customers, including cancelling nearly $1 billion in generation projects that were no longer economical, saving residential customers approximately $18 per month in avoided costs through 2027.​