CenterPoint Energy announces sale of its Louisiana and Mississippi natural gas assets to Bernhard Capital Partners for $1.2 billion
2024-02-20T06:00:00Z

Houston – Feb. 20, 2024 – CenterPoint Energy, Inc. (NYSE: CNP) (“CenterPoint") today announced the sale of its Louisiana and Mississippi natural gas LDC businesses to Bernhard Capital Partners, a services and infrastructure-focused private equity management firm, for $1.2 billion. The assets include approximately 12,000 miles of main pipeline in Louisiana and Mississippi serving approximately 380,000 metered customers. CenterPoint's LDCs are the second largest natural gas LDCs in both Louisiana and Mississippi by customer accounts, with a combined workforce of approximately 550 employees.

  • Transaction valuation represents approximately 32 multiple of 2023 Louisiana and Mississippi Local Distribution (LDC) earnings
  • Sale will enable company to efficiently recycle approximately $1 billion in anticipated after-tax cash proceeds to support industry-leading capital plan
  • Transaction also enables CenterPoint to reprioritize future capital investments related to those assets of approximately $1 billion elsewhere across its regulated Electric and Natural Gas utility footprint
  • Closing expected toward the end of first quarter of 2025
  • Sale will not change company's targeted utility non-GAAP EPS growth rate of 8% in 2024, and the mid-to-high end of 6%-8% annually from 2025 through 2030
  • Company reiterates long-term confidence in and commitment to its Natural Gas Business ​

The sales price of $1.2 billion represents approximately 32 multiple of 2023 Louisiana and Mississippi LDC earnings. The transaction is anticipated to close toward the end of first quarter of 2025, subject to customary closing conditions, including Hart-Scott-Rodino antitrust clearance and state regulatory approvals.

“I would like to thank our Louisiana and Mississippi LDC employees, as well as the team members who support these businesses, for their focus on safety, performance, and results. Together, they are our customers' trusted energy partner in these regions," said Jason Wells, President and Chief Executive Officer of CenterPoint. “The transaction will allow us to optimize our portfolio of utility operations and efficiently recycle approximately $1 billion in after-tax cash proceeds into our service territory where we have both electric and natural gas operations or where we have a larger presence at a valuation that is more efficient than issuing common equity. The sale will also enable us to redeploy approximately $1 billion of future capital expenditures intended for Louisiana and Mississippi into jurisdictions with less regulatory lag thereby enhancing the ongoing earnings power of the company."

Wells added, “This will mark the fourth time over the past few years in which we have recycled sales proceeds and reinvested them in our regulated businesses for the benefit of all stakeholders. The transaction, along with the reinvested capital, will not change our targeted non-GAAP EPS growth rate of 8% in 2024, and the mid-to-high end of 6%-8% annually from 2025 through 2030. The efficiency of this transaction and portfolio optimization will further enhance our ability to continue executing our industry-leading long-term growth strategy for years to come.

“Our Natural Gas Business is core to our company and together with our Electric Business will continue to be a cornerstone of our long-term growth strategy," said Wells. “From an operational and strategic perspective, we remain confident in and committed to our regulated natural gas utilities in Texas, Indiana, Minnesota, and Ohio where we have significant footprints and rate bases." CenterPoint's Louisiana and Mississippi LDCs represent less than 4% of the company's overall rate base.

Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC served as CenterPoint's financial advisors. Latham and Watkins LLP, Phelps Dunbar LLP, and Brunini, Grantham, Grower & Hewes, PLLC served as CenterPoint's legal advisors.

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 8,900 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit www.CenterPointEnergy.com.

About Bernhard Capital Partners
Bernhard Capital Partners is a services and infrastructure-focused private equity management firm established in 2013. Bernhard Capital Partners has deployed capital in four funds across several strategies and has approximately $3.4 billion of gross assets under management. Bernhard Capital Partners seeks to create sustainable value by leveraging its experience in acquiring, operating and growing services and infrastructure businesses. For more information, visit www.BernhardCapital.com.

Use of Non-GAAP Measures
As included in this news release, 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. 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.

2024 non-GAAP EPS guidance range

  • 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 Louisiana and Mississippi gas LDC sales.

 
In providing 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 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 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.

Forward-Looking Statements
This news release may contain “forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical fact included in this news release are forward-looking statements made in good faith by us and are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. When used in this Current Report, 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. Forward-looking statements include, but are not limited to, the timing of the closing of the Transaction. Each forward-looking statement contained in this news release speaks only as of the date of this report. 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 timing of the expiration or termination of the Hart-Scott-Rodino waiting period and the receipt of any consents, waivers or approvals required to be obtained pursuant to applicable antitrust laws, (2) the occurrence of any event, change or other circumstances that could give rise to the termination of the Transaction or could otherwise cause the failure of the Transaction to close, (3) the risk that a condition to the closing of the Transaction may not be satisfied, including obtaining required regulatory approvals, (4) the outcome of any legal proceedings, regulatory proceedings or enforcement matters that may be instituted relating to the Transaction, (5) the timing to consummate the Transaction, (6) disruption from the Transaction making it more difficult to maintain relationships with customers, employees, regulators or suppliers, (7) the diversion of management time and attention on the Transaction and (8) other factors discussed in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2023 and other reports the Company may file from time to time with the Securities and Exchange Commission.

​

 Recent News

 

 
CenterPoint Energy distributes 1,000 trees at 14th Annual Energy Saving Trees Event in celebration of Texas Arbor Day

 

Houston – Nov. 6, 2025 – In honor of Texas Arbor Day on Nov. 7, CenterPoint Energy teamed up with Trees for Houston and the Arbor Day Foundation to host the 14th annual Energy Saving Trees event, a community initiative aimed at promoting energy efficiency and environmental stewardship. On Saturday, Oct. 25, CenterPoint electric customers had the opportunity to receive one of 1,000 free trees at this drive-through event, and more than 900 trees were eagerly claimed by customers, reflecting strong community interest in energy-saving and environmental initiatives.

“At CenterPoint, we understand the powerful role trees play in enhancing energy efficiency and strengthening our communities," said Gary O'Neil, Sr. Forester. “We're proud to work with Trees for Houston and the Arbor Day Foundation to empower Houstonians to make a lasting impact — one tree at a time."

By planting the right trees in the right place, customers can reduce energy use, lower cooling costs, and contribute to a greener Houston. Five types of power-line friendly trees, all suitable for Houston's climate, were distributed, helping customers increase energy efficiency and support power reliability while planting safely.   

“CenterPoint is committed to delivering safe, reliable service while helping our customers make smart, sustainable choices. The Energy Saving Trees initiative is a great example of how we can work together with our community to promote energy efficiency, protect our environment, and build a stronger, greener Houston." said O'Neil.

This initiative complements CenterPoint's year-round vegetation management efforts, which have cleared more than 7,000 miles of high-risk vegetation near power lines since mid-2024 to help prevent storm-related outages and improve grid reliability.

 
Soundbites along with b-roll footage and photos of CenterPoint's Energy Saving Trees event can be found here: CNP Digital Asset Mgmt

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 June 30, 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.

About Trees for Houston
Trees For Houston is a non-profit organization whose mission is to plant, protect and promote trees throughout the Greater Houston area. Since being founded in 1983, over 700,000 trees have been planted across the southeast Texas region. For more information visit TreesForHouston.org.

About the Arbor Day Foundation
The Arbor Day Foundation is a global nonprofit inspiring people to plant, nurture, and celebrate trees. They foster a growing community of more than 1 million leaders, innovators, planters, and supporters united by their bold belief that a more hopeful future can be shaped through the power of trees. For more than 50 years, they've answered critical need with action, planting more than half a billion trees alongside their partners. And this is only the beginning.

The Arbor Day Foundation is a 501(c)(3) nonprofit pursuing a future where all life flourishes through the power of trees. Learn more at arborday.org.​

CenterPoint Energy Announces Southwestern Indiana “Community Connect” Events

​​Community Connect events are local community meetings CenterPoint will be hosting across southwestern Indiana to highlight local energy improvements and address customer priorities.

 
During the community events, customers can learn about actions to prioritize affordability, financial assistance programs and resources available to customers, and local infrastructure investments to improve reliability. 

EVANSVILLE, Ind. – October 30, 2025 – Beginning on Thursday, Nov. 6, CenterPoint Energy will host the first of five “Community Connect" events across its southwestern Indiana service territory as part of its commitment to listen to local feedback, highlight local energy improvements, and address customer priorities. The first Community Connect event will be held at South Spencer High School in Rockport and will provide opportunities for customers to learn more about CenterPoint's commitment to southwestern Indiana, the array of critical investments in the local electric system that have improved reliability and resiliency, and the series of actions being taken to prioritize customer affordability.

“Serving southwestern Indiana is a privilege we value, and our Community Connect events are an opportunity for us to listen to feedback and concerns, share more about our service, l and discuss what we can do to improve. We are encouraging all our customers to come meet with our local team and learn more about the actions we have taken, and how we can all work together to build a better future for our great community," said Mike Roeder, President of CenterPoint Energy Indiana.
 
Community Connect Events: Format and Schedule
During the series of CenterPoint Community Connect events, customers can visit a number of informational stations to learn more about local infrastructure investments designed to strengthen the electric system, recent affordability actions, the importance of emergency preparedness, better understand programs they may qualify for and other topics. At each event, members of CenterPoint's customer support team, as well as other local organizations, will be on-hand to provide information on financial assistance programs, energy efficiency resources and other tools and tips to help customers reduce energy costs and manage their bills.  

Throughout November, CenterPoint will hold five events across its southwestern Indiana service territory, including:

  • Thursday, Nov. 6 (4 p.m. – 7 p.m.) – South Spencer High School, 1142 N. County Road 275 W., Rockport, IN 47635.
  • Saturday, Nov. 8 (9 a.m. – noon) – Vanderburgh County 4H Fairgrounds, 201 E. Boonville-New Harmony Road, Evansville, IN 47725.
  • Wednesday, Nov. 12 (4 p.m. – 7 p.m.) – Mount Vernon Junior High School, 701 Tile Factory Road, Mount Vernon, IN 47620.
  • Thursday, Nov. 13 (4 p.m. – 7 p.m.) – CK Newsome Community Center, 100 E. Walnut Street #1, Evansville, IN 47713.
  • Saturday, Nov. 15 (9 a.m. – noon) – Ohio Township Phoenix Event Center, 3433 Libbert Road, Newburgh, IN 47630

A kids' activity area will be available.
 
Community Affordability Actions
During the Community Connect events, CenterPoint customers will be able to learn more about the first phase of actions it has recently taken to prioritize affordability, including:

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.

CenterPoint Energy Foundation Announces $5 Million Community Fund to Support Southwestern Indiana Customers and Local Economic Development

​

Community Energy Improvement Fund will invest $5 million in critical customer resources, including weatherization and energy efficiency programs, and economic development efforts over the next two years.
 
Working together with local elected leaders and nonprofit organizations, this fund is designed to help residential customers and small businesses.
 

EVANSVILLE, Ind. – Oct. 29, 2025 – As part of its commitment to southwestern Indiana customers, the CenterPoint Energy Foundation today announced the creation of a $5 million fund that will support weatherization, energy efficiency and cost-saving programs, as well as local economic and community development efforts across the Evansville region. The “Community Energy Improvement Fund" builds on a series of affordability actions announced last week. The Fund will directly invest in expanding energy efficiency and home weatherization programs that support lower- and middle-income customers, small businesses and renters by helping them save energy and money.

“All of us at CenterPoint, especially our local workforce that proudly calls southwestern Indiana home, are committed to supporting the communities where we live and work. The new Community Energy Improvement Fund will provide vital energy efficiency assistance and cost-saving resources for our customers, while also supporting greater economic development across the Evansville region. The new weatherization program will help residential and small commercial customers with improvements to the shells of their homes, insulation levels and HVAC system improvements and even lighting changes -- all with the goal of lowering energy consumption," said Mike Roeder, President of CenterPoint Energy Indiana.

Community Energy Improvement Fund
As part of its overall effort to prioritize affordability and help customers lower energy costs, CenterPoint's Community Energy Improvement Fund represents a transformative investment into the Evansville region. Beginning early next year, the $5 million commitment from the Foundation will include:

  • Helping Customers Save Energy: $4.5 million will go toward expanding home repair and weatherization programs to help customers improve energy efficiency and lower their monthly bills, including expanded access for lower- and middle-income households, small businesses and renters.
  • Supporting Local Economic Growth: $500,000 will be dedicated toward economic development initiatives aimed at growing and improving the vitality of southwestern Indiana and the Evansville region.
  • Raising Community Awareness: CenterPoint will work closely with the City of Evansville and local nonprofit organizations to help customers learn about and take advantage of important energy efficiency and cost-saving programs.

 
The new Fund is in addition to the suite of energy efficiency, financial assistance and other programs, tips and tools that already exist to help Indiana customers manage energy bills. To learn more about these programs and resources, customers are encouraged to visit CenterPointEnergy.com/ResourceHub​.​

Community Affordability Actions
The Community Energy Improvement Fund is the latest in a series of actions taken to support southwestern Indiana customers. Last week, CenterPoint announced an initial series of immediate and longer-term actions to prioritize affordability. The first phase of this effort included the following actions:

  • Two-Year Rates Stability: Starting in the first quarter of 2026, stabilizing electricity bills by keeping any rate change below or near the rate of inflation for the next two years, an action that equates to future savings for residential customers of approximately $18/month of avoided costs through 2027. These avoided bill impacts were achieved by the cancellation of nearly $1 billion in non-economical generation projects.

Offset October Rate Increase: Reducing bills for average residential customers by December 2025 through a combination of bill adjustments and credits, which will offset rate changes that took effect in October.


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.
 
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.

CenterPoint Energy Announces Updated Generation Plan that Prioritizes Customer Affordability, Reliability and Local Economic Growth

​EVANSVILLE, Ind. – Oct. 27, 2025 – Today, CenterPoint Energy's Indiana electric utility announced its 2025 Integrated Resource Plan (IRP), a forward-looking 20-year generation roadmap that prioritizes customer affordability and reliable service while supporting potential local economic growth. This IRP leverages existing and planned generation resources to meet customers' energy needs while helping to minimize any rate increase in the near term for southwestern Indiana customers. The strategic plan is designed to mitigate future cost impacts of necessary critical investments on customers, with no potential rate adjustments anticipated to occur until 2029 or later. This plan follows the input of four public meetings and builds on CenterPoint's recent actions to prioritize energy affordability and reliability across southwestern Indiana.

“All of us at CenterPoint Energy are focused on prioritizing affordability for our Indiana customers, while continuing to provide the safe, reliable service that our customers expect and deserve. Our 2025 IRP is designed to support local economic growth and energy security and meet current generation needs with minimal additional resources, while prioritizing energy affordability for our customers. Above all, this IRP plan provides us with options to meet future increases in demand brought by regional economic growth. This customer-focused and flexible strategy reflects our commitment to balancing affordability, reliability and remaining well positioned to meet southwestern Indiana's long-term energy and economic needs," said Mike Roeder, President of CenterPoint Energy Indiana.

“The IRP also calls for the continuation of energy efficiency programs to help customers control their energy use to lower bills."

The 2025 IRP and Other Affordability Actions: $1 Billion in Renewables Cancelled
As part of this effort, CenterPoint has cancelled nearly $1 billion in non-economical generation projects, providing current and future savings of approximately $18 per month for residential customers plus additional avoided generation costs at this time. These affordability measures coincide with the announcement of a first phase of Community Affordability Actions designed to target keeping rates near or below inflation through 2027.

Among these additional and previous affordability actions are the following:

  • Two-Year Rates Stability: Starting in first quarter of 2026, stabilizing electricity bills by targeting to keep any rate change below or near the rate of inflation for the next two years, an action that equates to future savings for residential customer of approximately $18/month in avoided costs through 2027.
  • Offset October Rate Increase: Reducing bills by nearly $3/month for average residential customers by December 2025 through a combination of bill adjustments and credits, which will offset rate changes that took effect in October.
  • Customer and Community Engagement: Engaging with local customers, stakeholders and community leaders to listen, gather feedback and identify additional actions to prioritize affordability, while continuing to provide reliable power for southwestern Indiana customers.
  • Long-Standing Affordability Actions: Reducing profits as part of the recent rate case settlement; eliminating profits on an older, retired coal plant to reduce customer costs by approximately $5 per month since June 2023; and not having filed any formal base rate case in 14 years to increase electric base rates.

2025 IRP: Affordably Ensuring Southwestern Indiana's Generation Needs
The 2025 IRP was developed with collaborative stakeholder and expert input, and it builds on recent steps to transition the company's electric generation mix, including retiring or exiting more than 70% of the coal fleet that it operates (approximately 700 MW) and increased investments in renewable and natural gas resources. CenterPoint remains positioned for future demand with approximately 1.1 GW of new generation expected by 2026, more than 60% of which is expected to come from renewable resources.

Since the previous 2022-2023 IRP, CenterPoint has taken the following steps to advance its energy transition:

  • Coal Retirement: Retired two coal-fired units at A.B. Brown and exited joint ownership of coal-fired Warrick Unit 4. The company is on track to suspend operation of the coal-fired F.B. Culley Unit 2 at the end of 2025. The IRP outlines continued operations of F.B. Culley 3 in the near term. Its future will be reassessed in the next IRP.
  • Renewables and Natural Gas-Fired Generation: Brought online two 230 MW natural gas combustion units at A.B. Brown and a 191 MW solar array in Posey County, as well as gained approval for new renewable projects outlined in the previous IRP.
  • Energy Efficiency: Initiated demand-side programs through its 2025-2027 Demand Side Management Plan. 

CenterPoint has also taken a series of steps to limit near-term capital investments in certain generation projects that would increase customer bills. These steps included pausing the proposed natural gas conversion of F.B. Culley Unit 3 and the cancellation of nearly $1 billion in non-economical renewable projects, saving customers approximately $18 per month in current and future costs.

2025 IRP: Strategic Flexibility to Meet Future Demand
The 2025 IRP preferred portfolio also positions CenterPoint to respond to potentially significant new commercial and industrial demand for electricity. As part of the planning process, the company developed an alternate preferred portfolio to support scalable system expansion, including potential combined cycle upgrades at A.B. Brown. This approach helps enable CenterPoint to accommodate potential new load growth, while working to minimize cost impact to customers.

CenterPoint Energy provides safe, reliable energy to homes and businesses across Southwestern Indiana, delivering electricity to approximately 150,000 customers in all or portions of Gibson, Dubois, Pike, Posey, Spencer, Vanderburgh and Warrick counties. CenterPoint will be submitting the final IRP to the Indiana Utility Regulatory Commission in early December. To learn more, visit CenterPointEnergy.com/IRP.


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 June 30, 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 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 2025 Integrated Resources Plan, expected customer rates and rate impacts, and Indiana Electric's generation portfolio 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, and other than as required under applicable securities laws, CenterPoint Energy does not assume any duty to update or revise forward-looking statements. 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) actions by credit rating agencies, including any potential downgrades to credit ratings; (2) financial market conditions; (3) general economic conditions; (4) the timing and impact of future regulatory, executive and legislative decisions and actions; 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 Energy's Quarterly Reports on Form 10-Q for the quarters ended March 31, 2025, June 30, 2025 and September 30, 2025 and other reports CenterPoint Energy or its subsidiaries may file from time to time with the Securities and Exchange Commission (“SEC"). You are cautioned not to place undue reliance on CenterPoint Energy's forward-looking statements.

Investors and others should note that CenterPoint Energy may announce material information using SEC filings and the Investor Relations page of its website, including press releases, public conference calls, webcasts. In the future, CenterPoint Energy 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 CenterPoint Energy posts on its website could be deemed material; therefore, CenterPoint Energy encourages investors to review the information CenterPoint Energy posts on the Investor Relations page of its website.


CenterPoint Energy restores service to essentially all customers following two waves of severe weekend weather


  • Company thanks customers for patience during restoration efforts
  • Fewer than 7% of customers impacted by weekend storms
  • Resilience investments helped accelerate restoration
  • Customers encouraged to stay connected through Power Alert Service

HOUSTON – Oct. 26, 2025 – CenterPoint Energy has restored electric service to essentially all customers impacted by two waves of severe weekend storms that moved through the Greater Houston area on Saturday, October 25. At peak, approximately 169,000 of CenterPoint's 2.9 million customers were without power during the first wave of severe weather early Saturday morning, with an additional approximately 17,000 outages occurring during the second wave late Saturday night and into Sunday morning. In total, fewer than 7% of CenterPoint customers experienced service interruptions.

​​ Greater Houston Weather Impacts: Oct. 25 & 26, 2025
  Peak customer outages Customers
restored   		 Percentage restored
Oct 25: Early Saturday AM wave Approx. 169,000 (Saturday at 4 AM) Approx. 168,965 (as of Sunday at 7 AM) Approx. 99.9%
Oct 26: Early Sunday AM wave Approx. 17,000 (Sunday at 1 AM) Approx. 15,500 (as of as of Sunday 4 PM) Approx. 91%

 

“We appreciate our customers' patience throughout this weather event as our dedicated crews worked around the clock to restore service safely and quickly to our local communities," said Jesus Soto, CenterPoint's Chief Operating Officer. “This weekend's storms were a real-world test of the storm response planning and investments we continue to make to strengthen our grid and make it more resilient. The impacts we saw were primarily due to localized equipment damage and falling trees, limbs and branches into our lines. That's a direct result of our Greater Houston Resiliency Initiative. These upgrades are also allowing us to isolate outages faster, reroute power faster where possible, and restore service even more efficiently."

Resilience investments make a difference

CenterPoint has significantly invested in grid hardening, resiliency and storm response capabilities, including stronger poles, advanced automation, undergrounding power lines, emergency response training and enhanced vegetation management. These improvements helped reduce outage durations and limited the overall impact of the storms. Learn more about CenterPoint's work to build the most resilient coastal grid in the nation at CenterPointEnergy.com/TakingAction.

Be prepared for future storms

While severe weather can occur at any time, customers can take steps to stay safe and informed:

CenterPoint remains committed to building the most resilient coastal grid in the country and thanks customers for their continued trust and cooperation.

About CenterPoint Energy, Inc.  

CenterPoint Energy, Inc. (NYSE: CNP) is a multi-state electric and natural gas delivery company serving approximately 7 million metered customers across Indiana, Minnesota, Ohio, and Texas. The company is headquartered in Houston and is the only Texas-domiciled investor-owned utility. As of September 30, 2025, the company had approximately $45 billion in assets. With approximately 8,300 employees, CenterPoint Energy and its predecessor companies have been serving customers for more than 150 years. For more information, visit CenterPointEnergy.com.​