CenterPoint Energy files request to invest in safety, reliability and advancing decarbonization technologies for Minnesota's future
Utility continues to make investments in replacing and upgrading infrastructure to continue complying with federal regulations
2023-11-01T05:00:00Z

Minneapolis – Nov. 1, 2023 – CenterPoint Energy filed an application with the Minnesota Public Utilities Commission (the “Commission") today requesting an adjustment to delivery charges in 2024 and 2025 for the company's natural gas business in Minnesota.

Known as a rate case, the proposed adjustment would help the utility not only comply with required federal regulations but also make meaningful investments to decarbonize and continue the safe and reliable operation of its 14,000-mile pipeline system. As the largest natural gas utility in Minnesota, CenterPoint Energy delivers energy to more than 910,000 residential and business customers in Minnesota.

“Our customers and communities benefit from the meaningful investments we make into our natural gas distribution system," said Christe Singleton, CenterPoint Energy's Vice President, Minnesota Gas. “The rate case is based on the need to maintain a safe, reliable system that delivers the essential and increasingly clean energy our customers count on each day, especially the coldest days."

Singleton added, “We're excited about the Natural Gas Innovation Act plan that we filed with the Commission this past June as part of our commitment to evaluating innovative solutions that help reduce emissions to support a cleaner energy future. Our innovation plan will increase access to renewable energy resources and innovative technologies such as the CarbinX technology that helps our customers reduce their onsite emissions. This rate case filing proposes to recover certain costs associated with the plan."

CenterPoint is committed to innovative, comprehensive solutions that reduce greenhouse gas emissions and advance Minnesota's cleaner energy future. In 2022, CenterPoint began producing green hydrogen, which is hydrogen made with renewable electricity, to blend it into natural gas at low levels of concentration for delivery to customers in Minneapolis. An additional project, proposed within its innovation plan, would produce renewable electricity on site for hydrogen production.

The requested increase is approximately 6.5% or $84.6 million for 2024 and an additional approximately 3.7% or $51.8 million for 2025. If approved, the requested increase would add $5.91 to a typical

residential customer's monthly delivery charge in 2024 and an additional $2.58 to a typical residential customer's monthly delivery charge in 2025. The delivery charge accounts for roughly 40-50% of a typical residential customer's monthly bill.

The rest of a customer's bill is the cost of natural gas which is passed through at cost. CenterPoint Energy does not mark up or profit from the purchase or sale of natural gas. For the 2023-2024 winter season, natural gas costs are estimated to be lower than the 2022-2023 winter season, assuming normal winter weather, that would flow through to mitigate customer bills.

CenterPoint Energy is asking the Commission to review and approve the proposed new rates, which are likely to occur in early 2025. A proposed interim rate increase of approximately 5.3% would take effect on Jan. 1, 2024, while the rate case is pending. Additionally, an interim rate would apply starting on Jan. 1, 2025, for an additional 2.4% increase.

More details about the rate case can be found at CenterPointEnergy.com/RateCase.

About CenterPoint Energy

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 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 the expected prices of natural gas and the subsequent impact on customer bills, assumptions regarding winter weather, the timing of and proposed rates to be approved by the Commission, the approval of the Natural Gas Innovation plan, the related renewable projects, and the anticipated benefits, including reductions in greenhouse gas emissions, and any other statements that are not historical facts are forward-looking statements. Each forward-looking statement contained in this news release speaks only as of the date of this release. Important factors that could cause actual results to differ materially from those indicated by the provided forward-looking information include risks and uncertainties relating to: (1) the impact of pandemics, including the COVID-19 pandemic; (2) financial market conditions; (3) general economic conditions; (4) the timing and impact of future regulatory and legislative decisions; (5) effects of competition; (6) weather variations; (7) changes in business plans; (8) continued disruptions to the global supply chain and increases in commodity prices; (9) legislative decisions, including tax and developments related to the environment such as global climate change, air emissions, carbon and waste water discharges; (10) CenterPoint Energy's ability to execute on its initiatives, targets and goals and operations and maintenance goals and (11) other factors, risks and uncertainties discussed in CenterPoint Energy's Annual Report on Form 10-K for the fiscal year ended December 31, 2022 and CenterPoint's Quarterly Reports on Form 10-Q for the quarters ended March 31, 2023, June 30, 2023 and September 30, 2023, and other reports CenterPoint Energy or its subsidiaries may file from time to time with the Securities and Exchange Commission.

 


 Recent News

 

 

CenterPoint Energy helps restore and support Greater Houston in aftermath of devastating May 16 storm

HoustonMay 23, 2024 – CenterPoint Energy today reported on the results of its efforts following last week's sudden and destructive severe weather, which included Category 2 Hurricane-like winds and tornadoes that quickly struck its service territory.

As of noon CT, the company has restored nearly 900,000 customers impacted by the May 16 severe storm. At this time, 99% of CenterPoint's customers have power.

Any remaining outages are predominantly isolated instances in certain locations where there is substantial damage or where customers are unable to receive power. CenterPoint has and will continue to have the workers and resources needed to address these remaining outages as safely and quickly as possible. In some cases, new outages may be attributable to service issues that periodically occur on CenterPoint's system and are unrelated to the weather event, such as a vehicle accident resulting in a downed pole and wires.

“While we are very proud of the progress we have made over the course of our response to this storm event, we recognize that there are still Houstonians waiting to get their electricity back on," said Lynnae Wilson, Senior Vice President, Electric Business. “We want our customers to know we will continue our around-the-clock efforts until every last customer can be restored."

Wilson added, “Because we have been in the communities devastated by the storm, we have seen first-hand the damage goes well beyond the electric system. We know restoring our communities does not end with getting the lights and air conditioning back on. It also means giving our time, energy and financial support to help our neighbors in need."

To further support the communities it serves, the CenterPoint Energy Foundation has made financial contributions totaling nearly $700,000 to the following nonprofit organizations and causes:

  • $500,000 to Greater Houston Disaster Alliance - Severe Weather and Derecho Recovery Fund
  • $50,000 to Salvation Army Houston Area Command
    • One of CenterPoint's contract powerline construction companies, Collective Strategic Resources (CSR), a division of PowerGrid Services, generously matched the company's grant for a total grant of $100,000.
  • $25,000 to Cypress Assistance Ministries
  • $25,000 to Memorial Assistance Ministries
  • $25,000 to M.D. Anderson Family YMCA
  • $25,000 to Hester House
  • $25,000 to Mercy Chefs

In addition to these contributions, CenterPoint's employee volunteers helped serve meals at various community centers, senior living centers and schools, while also donating approximately 20 tons of ice and 20,000 bottles of water. The company's outreach to neighbors in need will continue over the coming days.

“CenterPoint's efforts would not have been possible without the incredible support and collaboration from peer mutual assistance utilities, contractors, regulators, elected officials, nonprofit organizations, and Houston companies and organizations that helped us restore power to our customers," said Wilson. “We are also grateful for the outstanding assistance we received from local first responders, emergency personnel and many others across Greater Houston, including residents who greeted our crews with water and ice."

Immediately following the May 16 storm, CenterPoint activated a comprehensive response plan to assess and safely repair the widespread damage to its electric system from wind, trees and debris. Despite the extent of the damage, the more than 7,000 CenterPoint employees, contractors and mutual assistance resources have completed the following:

  • Replaced more than 800 miles of electrical wires, which is farther than the distance from Houston to El Paso, Texas;
  • ​Replaced more than 700 transformers and approximately 2,000 poles;
  • Cleared more than 190 miles of vegetation, resulting in removal of thousands of trees;
  • Deployed 13 mobile generation units to provide temporary power restoration to certain critical facilities, cooling centers, healthcare facilities, first responder locations, senior centers, and schools;
  • Established and operated nine multi-citywide staging sites for crews, equipment and materials to effectively mobilize and support restorations across the Greater Houston area;
  • Restored approximately 340,000 impacted customers in the first 24 hours; approximately 550,000 in the first 48 hours; and approximately 750,000 in the first 72 hours; and
  • Restored nearly 900,000 impacted customers as of noon today.

If a customer has been notified by our Power Alert Service that their service has been restored and is still without power, please contact CenterPoint at 713-207-2222.




CenterPoint Energy nearing completion of customer restorations

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

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

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

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

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

 CenterPoint Energy reminds customers to remain safe and: 

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

For the latest information on power outages:  


CenterPoint Energy provides update on restoration efforts

Houston – May 22, 2024 – CenterPoint Energy today reported on its ongoing efforts to restore service to its customers and support Houston and surrounding communities following the devastating May 16 storm.

  • 97% of customers impacted by severe storm restored
  • Company stays laser-focused on returning service to remaining customers
  • CenterPoint committed to helping neighbors in need​​

As of 9:30 p.m. CT, the company has restored 97% or more than 890,000 customers impacted by the May 16 severe storm across its service territory, which represents 99% of all customers. Any remaining outages after this evening will be predominantly isolated instances in certain locations where there is substantial damage or where customers are unable to receive power. CenterPoint has and will continue to have the workers and resources needed to address these remaining outages as safely and quickly as possible.

In some cases, new outages may be attributable to service issues that periodically occur on CenterPoint's system and are unrelated to the May 16 weather event, such as a vehicle accident resulting in a downed pole and wires. In the past 24 hours, CenterPoint has experienced more than 5,000 customer outages associated with these types of incidents, which were not related to the storm and add to the company's overall outage count on its website. Crews are also addressing these outages.

“We believe it is a privilege to serve our customers and communities," said Lynnae Wilson, Senior Vice President, Electric Business. “That is why we are so committed to working around-the-clock to get the lights and air conditioning back on for customers who have had to endure six difficult days without power, and we will not stop until every last customer is restored."

To help its neighbors in their time of need following the storm, CenterPoint has supported meal service distribution and donated approximately 20 tons of ice and 20,000 bottles of water to nonprofit organizations, low-income senior citizen facilities and schools.

“As our communities have shown many times before following natural disasters, the response from Houstonians and others in the wake of the devastating May 16 storm has been nothing short of extraordinary," Wilson said.

CenterPoint reminds customers to remain safe and:  

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

For the latest information on power outages:   


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

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

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

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

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

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

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

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

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

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

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

CenterPoint Energy reminds customers to remain safe and:

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

For the latest information on power outages:


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

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

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

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

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

CenterPoint Energy reminds customers to remain safe and:

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

For the latest information on power outages: