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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

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

CenterPoint Energy reaches settlement agreement on landmark Systemwide Resiliency Plan to strengthen Houston electric system against extreme weather threats and future hazards

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Forward-looking Statements
This news release, as well as the website pages related to the GHRI, includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this news release, the words "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "goal," "intend," "may," "objective," "plan," "potential," "predict," "projection," "should," "target," "will," "would" or other similar words are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding the Systemwide Resiliency Plan and the Greater Houston Resiliency Initiative, including their respective benefits, are based upon assumptions of management which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. Actual events and results may differ materially from those expressed or implied by these forward-looking statements. Any statements in this news release or the website pages related to the GHRI regarding future events that are not historical facts are forward-looking statements. Each forward-looking statement contained in this news release or the website pages related to the GHRI speaks only as of the date of this release. Important factors that could cause actual results to differ materially from those indicated by the provided forward-looking information include risks and uncertainties relating to: (1) business strategies and strategic initiatives, restructurings, joint ventures, acquisitions or dispositions of assets or businesses involving CenterPoint Energy or its industry; (2) CenterPoint Energy's ability to fund and invest planned capital, and the timely recovery of its investments; (3) financial market and general economic conditions; (4) the timing and impact of future regulatory, legislative and political actions or developments; and (5) other factors, risks and uncertainties discussed in CenterPoint Energy's Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and CenterPoint's Quarterly Report on Form 10-Q for the quarters ended March 31, 2025 and other reports CenterPoint Energy or its subsidiaries may file from time to time with the Securities and Exchange Commission.

For more information, contact:
Communications
Media.Relations@CenterPointEnergy.com

SOURCE CenterPoint Energy

CenterPoint Energy is actively monitoring forecasted severe weather and preparing for potential system impacts in southwestern Indiana

EVANSVILLE, Ind. – June 18, 2025 – CenterPoint Energy is actively monitoring severe weather forecasts and preparing for any potential impacts of strong storms expected to move through southwestern Indiana today. The company is coordinating with emergency and agency partners and mobilizing resources across its service area to be prepared to respond to impacts and outages.

“We are closely monitoring the forecast and have taken steps to position crews, equipment and support teams across our service territory. We have a plan and we are executing our plan," said Shane Bradford, CenterPoint's Vice President, Indiana Electric. “Our teams are prepared to respond, if needed, and will work safely and efficiently to restore service once conditions allow."

Actions CenterPoint is Taking to Prepare
The actions CenterPoint is taking to prepare and respond include:

Pre-staging crews and equipment: CenterPoint crews and equipment are positioned across our service area to quickly respond to potential storm impacts once conditions have cleared.

Coordinating with government officials: Providing regular updates to state, county and city officials about our pre-storm activities and readiness posture.

Sharing information and updates: Providing safety and preparedness information directly with customers via email, phone or text, across social media platforms and other channels to keep customers informed and prepared.

Organizing additional call center staffing: Securing additional call center staff to handle a higher volume of calls during the storm and limit wait times.

Responding to Potential Impacts Across Service Territory
Across its Indiana Electric service area, CenterPoint is carefully monitoring severe weather and preparing to deploy frontline crews to efficiently clear storm debris, repair the grid and restore service to impacted customers as quickly and safely as possible.

Important Information for Electric Customers
CenterPoint electric customers are encouraged to enroll in the company's Power Alert Service® to receive outage details, estimated restoration times and customer-specific restoration updates via phone call, text or email. Customers can also stay up-to-date on outages with CenterPoint's new and improved, cloud-based Outage Tracker, now available in English and Spanish, which allows customers to see outages by county and zip code. The new tracker is capable of handling increased traffic during storms and is ADA- and mobile-friendly.

CenterPoint Encourages All Customers to Have a Plan to Stay Safe
CenterPoint is encouraging all customers to prepare and have a plan to stay safe during severe weather. Customers can get storm-related safety tips at CenterPointEnergy.com/ActionCenter. Additional preparations and best practices are available at Ready.gov.

For the latest updates, follow CenterPoint's Indiana account on X (formerly Twitter) for real-time updates. For more information and other resources, visit CenterPointEnergy.com/ActionCenter.

CenterPoint Energy Foundation encourages nonprofit organizations to apply for the final grant cycle of 2025

ALL REGIONS— June 17, 2025 — The CenterPoint Energy Foundation is currently accepting applications through July 18 for its final grant cycle of the year.

Grants are awarded to eligible nonprofit organizations whose primary location is in CenterPoint Energy's service areas and have programs supporting the Foundation's giving priorities of community vitality and education. The Foundation prioritizes programs serving low-to-moderate income families and under-resourced communities.

Funded separately and financially independent from the utility, the CenterPoint Energy Foundation strives to be a catalyst for good by leveraging everyday opportunities and resources to increase the vibrancy in the communities it serves.

“We're proud of the impact the CenterPoint Energy Foundation has in creating positive, meaningful change within the communities where we deliver electric and natural gas service," said June Deadrick, Vice President, Community Relations at CenterPoint Energy. “The Foundation remains committed to initiatives and programs enriching the lives of those living and working within our service areas, while building a foundation for a brighter tomorrow."

During its first grant cycle of 2025, the CenterPoint Energy Foundation awarded more than $8.6 million in grants to 199 nonprofit organizations in Texas, Minnesota, Indiana and Ohio, that are expected to result in community initiatives implementing the following actions:

Supplying nearly 490,000 free books to kids.
Supporting more than 280,000 hours of tutoring for students.
Investing in more than 2,400 units of affordable housing.
Funding more than 600 home repairs for low-income individuals.
Restoring or preserving more than 100,000 acres of natural habitat.
Planting more than 50,000 trees.
Connecting more than 6,500 teen and adult students to financial literacy, homeownership or budgeting training.

Starting in 2026, each of the two annual Foundation grant cycles will focus on specific funding priority pillars. The first cycle of 2026 will award grants for education efforts, while the second cycle will award grants to community vitality initiatives.

For more details on how the CenterPoint Energy Foundation is making a difference in the communities it serves and to apply for a grant, visit CenterPointEnergy.com/Foundation.

About the CenterPoint Energy Foundation
The CenterPoint Energy Foundation provides philanthropic support to meet the needs of communities where CenterPoint Energy customers live and work. The Foundation is funded by shareholders and has no impact on customer rates. More information about the Foundation can be found at CenterPointEnergy.com/Foundation.

CenterPoint Energy sends large temporary emergency generation units to San Antonio to support state's energy needs and lower costs for Houston customers

Company delivers on unprecedented contribution of approximately $200 million of value to the State of Texas
First five of the 15 large temporary emergency generation units deployed to San Antonio area to help address regional power generation shortfall
Historic agreement with state and industry partners will help address Texas' power generation needs and lower bills for Houston-area customers by approximately $2 per month by 2027

HOUSTON, June 16, 2025 - This weekend, as part of an effort to help the State of Texas meet its current and future energy needs, CenterPoint Energy announced that the first five of 15 large temporary emergency generation units began leaving the Greater Houston area to be deployed to the San Antonio region. To help with staging and installation in San Antonio, the units are departing Greater Houston in a series of three waves over the next two months.

In total, CenterPoint will be providing 15 large temporary emergency generation units for up to two years as part of an unprecedented, Texas-driven solution reached in close collaboration over the last six months with the Electric Reliability Council of Texas (ERCOT), elected leaders, regulators and industry partners. In addition to helping reduce the risk of power generation shortfalls in San Antonio this summer and next, the cost of the deployed units will be removed from Houston-area customers' monthly bills, saving average CenterPoint customers approximately $2 per month by 2027.

"All Texans can be proud that this creative, collaborative solution is moving forward to help meet our great state's significant energy needs and improve reliability across Texas. This unprecedented contribution of value from CenterPoint to the state will help reduce the risk of energy shortfalls in San Antonio and will immediately lower monthly bills for our Houston-area customers. We look forward to successfully delivering the first five units and additional deliveries planned in the weeks ahead," said Jason Ryan, Executive Vice President of Regulatory Services and Government Affairs.

Key Facts: Delivering CenterPoint's Texas-Driven Generation Solution
In early June, ERCOT, CenterPoint and industry partners signed final agreements to begin delivery of the 15 large temporary emergency generation units for up to a two-year service period in San Antonio starting this summer. The plan includes the following components:

Lowering bills for Greater Houston-area customers: Costs associated with the large leased temporary emergency generation units will start coming out of rates for Houston electric customers in the coming months. By 2027, bills will be reduced by an estimated $2 per month for the average customer who uses 1,000 kWh/month.
Meeting Texas' current and future energy needs: The 15 large units (27MW-32MW) will provide critical generation capacity in the Greater San Antonio area to help avoid the risk of shortfalls. The units each provide enough power for approximately 30,000 homes and were acquired following the devastation of Winter Storm Uri across Texas in 2021.
Forgoing revenue and profit for 15 units: CenterPoint will receive no revenue or profit from the 15 large units based on the agreement with ERCOT.

A video summary of the large temporary emergency generation units leaving the Greater Houston area and b-roll footage of one of the units sent to San Antonio this weekend can be found here: CNP Digital Asset Mgmt

CenterPoint's role in the Texas electricity market
CenterPoint is an electric transmission and distribution company in the Texas market. The company does not own any power plants in Texas; other than the leased temporary generation units, CenterPoint does not generate any electricity in the state and does not purchase electricity on behalf of customers in Texas. It also does not have any electric customers in Texas outside the 12-county Greater Houston area.

Forward-looking Statements
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," "would" or other similar words are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding effectiveness, timing and related matters to the movement of the large temporary emergency generation units, 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. Important factors that could cause actual results to differ materially from those indicated by the provided forward-looking information include risks and uncertainties relating to: (1) business strategies and strategic initiatives, restructurings, joint ventures, acquisitions or dispositions of assets or businesses involving CenterPoint Energy or its industry; (2) CenterPoint Energy's ability to fund and invest planned capital, and the timely recovery of its investments; (3) financial market and general economic conditions; (4) the timing and impact of future regulatory, legislative and political actions or developments; and (5) other factors, risks and uncertainties discussed in CenterPoint's Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and CenterPoint's Quarterly Report on Form 10-Q for the quarter ended March 31, 2025 and other reports CenterPoint or its subsidiaries may file from time to time with the Securities and Exchange Commission. Investors and others should note that we may announce material information using SEC filings and the Investor Relations page of our website, including press releases, public conference calls, webcasts. 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 to review the information we post on the Investor Relations page of our website.

For more information, contact:
Communications
Media.Relations@CenterPointEnergy.com

SOURCE CenterPoint Energy

June Storms Update: CenterPoint Energy actively monitoring weather today and tomorrow for potential of localized flooding and continues responding to impacts from back-to-back thunderstorms in the Greater Houston area

HOUSTON — June 12, 2025 — Following severe thunderstorms across the Greater Houston area Wednesday afternoon and Thursday morning, CenterPoint Energy has maintained additional crews and temporarily paused the company's proactive, planned resiliency upgrades to focus on responding to electric outages and potential natural gas emergencies.

At the peak of Wednesday afternoon's storms, approximately 21,000 customers experienced an outage due to the severe weather. All customers who were able to safely receive power were restored within 12 hours of the storms moving through the Greater Houston area, before another round of severe weather began on Thursday morning.

At today's peak, approximately 18,000 customers were without power. Crews have worked to restore more than 85% of impacted customers within ten hours, and fewer than 2,500 customers remain without power as of 3:30 p.m. 99.6% of CenterPoint's customers did not experience power interruptions during these storms, which included widespread lightning, strong winds with gusts of 40-45 mph across parts of Brazoria and Galveston, and torrential rains with parts of Baytown and Crosby recording four inches of rainfall.

“Additional rounds of thunderstorms are forecast across the Greater Houston area tomorrow and into this evening, but today's storms are likely to be the most severe we experience this week. We continue to diligently monitor the weather's impact to our system and the potential for flooding conditions to develop across the Greater Houston area, and we will be ready to respond for our customers and communities. We urge customers to stay weather aware and make sure that if you see any damaged trees or downed power lines, stay at least 35 feet away and report damage to CenterPoint," said Matt Lanza, CenterPoint's Meteorology Manager and Emergency Preparedness and Response team member.

Flood safety tips

Avoid standing water, as it can hide chemicals that could make you sick, electrical hazards from downed powerlines and sharp debris.
Do not attempt to cross flowing streams, whether by vehicle or by foot. It is easy to underestimate the strength of the water's flow.
Never drive through flooded roadways. If your vehicle stalls, leave it immediately and move to higher ground. Be especially careful at night, when it is more difficult to recognize flood dangers.
Stay away from downed powerlines. Flood waters may put you closer to power lines that are typically much higher above you in dry conditions; stay alert and look out for overhead hazards.
Be aware that submerged outlets or electrical cords may energize standing water. Do not enter a flooded area until it has been determined safe to do so.
Do not touch a breaker or replace a fuse with wet hands or while standing on a wet surface.
If your home experiences flooding, keep the power off until a licensed electrician has inspected your system and has deemed it safe.
If you smell natural gas leave immediately on foot, do not use electric switches, cell phones, start a car or do anything that could cause a spark. Go to a safe location and call 911 and CenterPoint Energy.
Floodwater may shift your gas equipment or appliances, causing stress to the natural gas piping, which could result in a natural gas leak.
If water levels were high enough to cover the gas meter, contact us to have your meter checked for safety before using your gas system. Once your appliances are safe to operate, we will turn your gas service back on.

For more information and real-time updates, follow us on social media at X and visit our Outage Tracker.

We encourage customers to enroll in Power Alert Service® to receive outage details, estimated restoration times, as available or determined, and customer-specific restoration updates sent directly via email, text or phone call. To sign up, visit CenterPointEnergy.com/PowerAlertService.