CenterPoint Energy Plans to Work Toward Resolution of its 2024 Rate Case
CenterPoint Energy Plans to Work Toward Resolution of its 2024 Rate Case
2024-11-08T06:00:00Z
  • Company has completed Phase One of the Greater Houston Resiliency Initiative; continues to make progress on Phase Two of the Greater Houston Resiliency Initiative to be better prepared for 2025 hurricane season; and will file its multi-year system resiliency plan by January 2025
  • Company has continued to communicate with intervening parties and plans to resume settlement talks immediately

HOUSTON, Nov. 8, 2024 - CenterPoint Energy (CenterPoint) today announced its plans to proceed with settlement talks for its 2024 CenterPoint Energy Houston Electric (CEHE) rate case that the company had previously requested to withdraw on August 1, 2024. The CEHE 2024 rate case was first filed with Public Utility Commission of Texas (PUCT) and municipal regulatory authorities on March 6, 2024.

Over the last several weeks, CenterPoint has received feedback and continued to communicate with intervening parties to the rate case. The company plans to resume settlement talks immediately.

The original withdrawal request was part of the company-wide commitment to act urgently to improve and strengthen the resiliency of the energy system during this hurricane season.

"Throughout the second half of the year, we've been acting urgently to strengthen our resiliency, including completing the first phase of the Greater Houston Resiliency Initiative, and we are making good progress on phase two. Our company's collective focus remains on building the most resilient coastal grid in the country," said CenterPoint President and CEO Jason Wells.

"Even as we have focused on rapidly hardening our system, we've continued to listen to our customers and parties to the rate case.  Based on that feedback, we believe there is a shared interest in working toward a constructive resolution. We remain focused on providing value to our customers and affordably delivering our ambitious long-term resiliency goals that are vital to Houston's future economic growth," said Wells.

"We are determined to reach an agreement that reflects our commitment to customer affordability while addressing the fact that in 2023 alone CenterPoint invested more in our system, resulting in $75 million more in costs that were not billed to customers for additional system improvements and vegetation management. We look forward to working with all parties bring resolution to this case," said Jason Ryan, Executive Vice President of Regulatory Services and Government Affairs.

First Phase: Greater Houston Resiliency Initiative
Since Hurricane Beryl earlier this summer, CenterPoint has taken action across the 12-county Greater Houston area to improve resiliency and help reduce the risk of outages this hurricane season. 

In the first phase of its Greater Houston Resiliency Initiative, CenterPoint crews and contractors installed more than 1,100 stronger and more resilient fiberglass poles, trimmed vegetation along more than 2,000 miles of power lines and installed more than 300 automation devices in neighborhoods across the region.

Second Phase: Greater Houston Resiliency Initiative
The company's second phase is taking the boldest series of resiliency actions in its nearly 160-year history. In early September, CenterPoint announced a comprehensive suite of new actions as part of the next phase of its Greater Houston Resiliency Initiative, including strengthening the energy system and operations over the next eight months and before the start of the 2025 hurricane season. These extensive near-term actions will: build on the work CenterPoint completed in the first phase of the Greater Houston Resiliency Initiative, continue to strengthen resiliency, improve its communications and develop stronger partnerships, and help reinforce its electric system as it prepares for both the upcoming winter season and the 2025 hurricane season.

The actions in Greater Houston Resiliency Initiative Phase Two will help enable a self-healing grid, reduce the length and frequency of outages and lead to more than an estimated 125 million fewer outage minutes annually for customers in the Greater Houston area. Work will be completed ahead of the 2025 hurricane season, or June 1, 2025, and will include:

  • Installing new or replacing 25,000 poles that meet extreme wind standards;
  • Trimming or removing higher-risk vegetation across 4,000 miles of power lines;
  • Installing 4,500 automation devices, known as trip savers, and 350 Intelligent Grid Switching Devices as part of our effort to build a self-healing grid that utilizes automation to respond to outages faster; and
  • Strategically undergrounding more than 400 miles of power lines.

Third Phase: Multi-Year System Resiliency Plan
As previously stated, CenterPoint will file its updated and enhanced multi-year system resiliency plan by the end of January 2025.

Estimated Monthly Customer Bill Impact
CenterPoint's filing originally sought a net increase on the average residential customer bill using 1,000 kwh per month of approximately $1.25 per month, which is overall less than a one percent net increase on the total retail bill.

CenterPoint Earnings Monitoring Report
As was reported in the company's 2024 Earnings Monitoring Report to the PUCT, for calendar year 2023, CenterPoint invested more in its system, resulting in $75 million more in costs that were not billed to customers for additional system improvements and vegetation management.

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. 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. For more information about affirmation of CenterPoint Energy's current earnings guidance and other financial information, please visit the "Investor Relations" homepage of our website under "Events & Presentations," found here.

Forward-looking Statements
This news release, as well as the website pages related to the Greater Houston Resiliency Initiative, includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this news release or the website pages related to Greater Houston Resiliency Initiative 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, including statements regarding the Greater Houston Resiliency Initiative and longer-term resiliency plans, including effectiveness, timing and related matters, as well as the timing of and projections for upcoming rate cases for CenterPoint and its subsidiaries, 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 Greater Houston Resiliency Initiative 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 Greater Houston Resiliency Initiative speaks only as of the date of this release or the date that such statement is made, as applicable. Important factors that could cause actual results to differ materially from those indicated by the provided forward-looking information include risks and uncertainties relating to: (1) CenterPoint's business strategies and strategic initiatives; (2) financial market conditions; (3) general economic conditions; (4) the timing and impact of future regulatory and legislative decisions; and (5) other factors, risks and uncertainties discussed in CenterPoint's Annual Report on Form 10-K for the fiscal year ended December 31, 2023 and CenterPoint's Quarterly Reports on Form 10-Q for the quarters ended March 31, 2024, June 30, 2024 and September 30, 2024 and other reports CenterPoint 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

 Recent News

 

 
CenterPoint Energy Launches “Hurricane Safety and Preparedness Week” to Highlight Importance of Emergency Preparedness

Week-long safety and preparedness effort will highlight increased training efforts, enhanced weather detection abilities, regular communication with government officials and resources available for customers 

 Join the over 90% of CenterPoint customers who are enrolled in Power Alert Service® to stay informed and learn of outages and other vital information during emergencies

HOUSTON — August 18, 2026 — Today, CenterPoint Energy launched its “Hurricane Safety and Preparedness Week" to emphasize the importance of staying prepared throughout the next two months when hurricanes and storms are more likely. As part of this safety campaign, CenterPoint will highlight its ongoing preparedness efforts, including the historic action it has taken to strengthen grid resiliency year-round and minimize outages for its customers. Just as CenterPoint prepares for peak hurricane season, customers are encouraged to prepare too.

“Preparing for hurricanes and severe weather is a year-round priority for all of us at CenterPoint, and with peak hurricane season underway, we are determined to remain ready to support our customers throughout the coming months. We remain laser focused on minimizing the impact of extreme weather on our customers and keeping them informed before, during and after any storms," said Ed De Varona, Senior Vice President of CenterPoint Energy's Electric Business.

Starting today, CenterPoint's “Hurricane Safety and Preparedness Week" campaign will include multiple communications, including social media posts and an email to customers and stakeholders to raise awareness of the actions CenterPoint is taking to stay ready to respond to storms, and how customers can stay safe and prepared at home.

CenterPoint Energy's Hurricane Preparedness Key Actions
CenterPoint Energy has taken extensive steps to prepare for hurricane season and best serve customers across the Greater Houston area, including:

  • Expansive Emergency Training: Completed 25,000+ hours of important FEMA preparedness and response trainings across 800+ employees to maintain readiness.
  • Increased Mutual Aid Resources: Increased the number of frontline workers available to support storm response efforts by up to 20 times the normal workforce, to help restore customers as quickly and safely as possible.
  • Better Damage Assessment Model: Improved the damage assessment process to help identify damage to the grid faster and accelerate power restoration efforts.
  • Stronger Weather Detection: Installed 150 weather stations to improve situational awareness and storm preparedness.
  • New Emergency Operations Center (EOC): Opened a state-of-the-art EOC in accordance with FEMA standards to ensure effective coordination and response with emergency partners and faster restorations for customers.
  • Coordinating with government officials: Providing regular updates to federal, state, county and city officials regarding preparedness activities.
  • Communicating proactively with customers: Providing safety and preparedness information to customers via email, phone and text, across social media platforms and other channels to keep customers informed and prepared.

Actions Customers Can Take to Prepare and Get Up-To-Date Information

  • Sign Up for Power Alert Service® to stay informed, learn of outages and other vital information during emergencies. Customers will receive important updates about gas and electric service via phone call, text or email, including outage details and estimated restoration times.
  • Create a Safety Plan: CenterPoint Energy urges customers to put their safety first and prepare in advance for hurricanes by having a safety plan ready, especially for those who require electricity for life-sustaining equipment or medical needs.
  • Stay Up to Date on Local Outages with CenterPoint Energy's cloud-based Outage Tracker, available in English and Spanish, which shows outages and restoration times by county, city and zip code.
  • Visit CenterPointEnergy.com/ActionCenter for additional preparedness and safety resources.

About CenterPoint Energy, Inc.
As the only investor owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Indiana, Minnesota, Ohio and Texas. As of June 30, 2026, the company owned approximately $48.3 billion in assets. With approximately 8,800 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com

CenterPoint Energy Foundation Donates $25,000 to Hamilton County Community Foundation to Aid Flood Recovery Efforts

Donation supports long-term recovery for Hoosier families in Hamilton County

INDIANAPOLIS – Aug. 18, 2026 – To help support families and individuals impacted by the recent flooding in central Indiana, the CenterPoint Energy Foundation announced a $25,000 donation to the Hamilton County Community Foundation's Flood Relief Fund.

“All of us at CenterPoint Energy are committed to supporting the Hoosier families and communities we're privileged to serve, and we are proud to help the Hamilton County Community Foundation in their recovery efforts," said Mike Roeder, President of CenterPoint Energy Indiana.

Hamilton County Community Foundation established the Flood Relief Fund to support long-term recovery for residents in Hamilton County, where CenterPoint delivers natural gas service to Hoosier customers. According to the organization, 100% of every gift to the fund will be used to aid local residents and families with long-term recovery. The CenterPoint Energy Foundation's contribution is  funded by CenterPoint Energy shareholders and its giving has no impact on customer rates.

How to help, and how to find help
Donations can be made at hamiltoncountycf.org/donate/.

Hoosiers who need assistance can call 211, a statewide resource that helps connect individuals and families with essential community services, including housing, food, utility assistance and health care.

CenterPoint Energy Foundation donates $10,000 to Heart of Indiana United Way to aid flood recovery efforts

​Donation supports long-term recovery for Hoosier families across Delaware, Fayette, Henry, Madison and Randolph counties

INDIANAPOLIS – Aug. 14, 2026 – To help support families and individuals impacted by the recent flooding that brought more than 11 inches of rain to east central Indiana, the CenterPoint Energy Foundation announced a $10,000 donation to the Heart of Indiana United Way's Flood Recovery Fund. CenterPoint has maintained a strong on-going relationship with Heart of Indiana United Way for more than 15 years.

“All of us at CenterPoint Energy are committed to supporting our Hoosier families and communities we serve, and we are proud to help the Heart of Indiana United Way in their recovery efforts," said Mike Roeder, President of CenterPoint Energy Indiana.

Heart of Indiana United Way established the Flood Recovery Fund to support long-term recovery for residents of Delaware, Fayette, Henry, Madison and Randolph counties, communities where CenterPoint delivers natural gas service to Hoosier customers. According to the organization, 100% of every gift to the fund will be used to aid local residents and families with long-term recovery. The assistance is also funded by CenterPoint Energy shareholders and its giving has no impact on customer rates.

How to help, and how to find help
Donations can be made at fundraise.givesmart.com/f/4p2t/n. Heart of Indiana United Way serves Delaware, Fayette, Henry, Madison and Randolph counties.

Hoosiers who need assistance can call 211, a statewide resource that helps connect individuals and families with essential community services, including housing, food, utility assistance and health care.

National 811 Day: CenterPoint Energy Reminds Nearly Two Million Texas Customers to Always Contact 811 Before Any Digging Projects

​​The free 811 national service is an essential safety step to help keep customers, workers, businesses safe and prevent damage to underground natural gas and electric lines 

HOUSTON – Aug. 11, 2026 – Today, on National 811 Day, CenterPoint Energy is reminding its approximately two million customers in Texas to always contact 811 a few business days before starting any outdoor digging project, big or small. Contacting the 811 national service is free, and is an essential safety step customers, businesses and contractors can – and must - take to prevent service interruptions and avoid potentially life-threatening damage to underground utility lines. In 2026 so far, approximately 3,500 damages have been caused to CenterPoint natural gas lines because digging occurred without underground utility lines being located and marked.

“Contacting 811 is about your safety, and the safety of the community. Whether you're planting a tree, building a fence or taking on another outdoor project, starting with 811 is one of the simplest steps you can take to keep your family, home, and neighbors safe. It is a free service and takes just a few minutes to request that underground utility lines are located and marked. Please always remember, before every digging project, know what's below and contact 811," said Vince Gaeto, Senior Vice President, Natural Gas Business at CenterPoint.

National 811 Day: Simple safety steps

Safe digging practices are essential and help prevent damage to underground natural gas, electric, communications, water and sewer lines and are required by state law. Digging without knowing the approximate location of underground utilities can result in serious injury, as well as service disruptions, fines and costly repairs. 

To prevent damage and stay safe, CenterPoint urges everyone to:

  • Plan ahead and call 811 or visit Texas811.org a few business days before starting work.
  • Confirm all utility lines are marked before beginning work.
  • Adjust project locations, as needed, to maintain a safe distance from utility lines.
  • Confirm hired contractors have contacted 811 before their work.
  • Complete digging within the timeframe required by state law. If work cannot be completed in that time, contact 811 again before continuing.  

Important Safety Reminder: Planting the right tree in the right place
In addition to urging customers to contact 811 before digging, CenterPoint Energy also requests that residents look up before planting a tree to ensure they are planted a safe distance from power lines. Residents can use this guide to learn more about safe planting distances based on the estimated mature height of the tree. Finally, CenterPoint Energy reminds residents to never attempt to trim trees near power lines and to call its forestry team at 800-332-7143 to request an inspection.

What to do if a natural gas line is struck
If a natural gas line is struck outside of a home or business, customers should:

  • Leave the area immediately on foot. Do not attempt to restart or move powered equipment or use your mobile device or any other item that could cause a spark.
  • Go to a safe location, then call 911 and CenterPoint.
  • Remain in a safe area until directed by emergency personnel to do otherwise.
  • Leave all repairs to a trained technician. 

Visit 811BeforeYouDig.com for more information about 811. To learn more about natural gas safety, visit CenterPointEnergy.com/Safety.   

Soundbites on the importance of 811 Day, along with b-roll footage and photos of CenterPoint employees marking underground utilities, can be found here: CNP Digital Asset Mgmt

About CenterPoint Energy, Inc.
 As the only investor owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Indiana, Minnesota, Ohio and Texas. As of June 30, 2026, the company owned approximately $48.3 billion in assets. With approximately 8,800 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com

National 811 Day: CenterPoint Energy Reminds Nearly 950,000 Minnesota Natural Gas Customers to Always Contact 811 Before Any Digging Projects

​The free 811 national service is an essential safety step to help keep customers, workers, businesses safe and prevent damage to underground natural gas and electric lines 

MINNEAPOLIS – Aug. 11, 2026 – Today, on National 811 Day, CenterPoint Energy is reminding its approximately 950,000 natural gas customers in Minnesota to always contact 811 a few business days before starting any outdoor digging project, big or small. Contacting the 811 national service is free, and is an essential safety step customers, businesses and contractors can – and must - take to prevent service interruptions and avoid potentially life-threatening damage to underground utility lines. In 2026 so far, approximately 3,500 damages have been caused to CenterPoint natural gas lines because digging occurred without underground utility lines being located and marked.

“Contacting 811 is about your safety, and the safety of the community. Whether you're planting a tree, building a fence or taking on another outdoor project, starting with 811 is one of the simplest steps you can take to keep your family, home, and neighbors safe. It is a free service and takes just a few minutes to request that underground utility lines are located and marked. Please always remember, before every digging project, know what's below and contact 811," said Vince Gaeto, Senior Vice President, Natural Gas Business at CenterPoint.

National 811 Day: Simple safety steps

Safe digging practices are essential and help prevent damage to underground natural gas, electric, communications, water and sewer lines and are required by state law. Digging without knowing the approximate location of underground utilities can result in serious injury, as well as service disruptions, fines and costly repairs.

To prevent damage and stay safe, CenterPoint urges everyone to:

  • Plan ahead and call 811 or visit GopherStateOneCall.org a few business days before starting work.
  • Confirm all utility lines are marked before beginning work.
  • Adjust project locations, as needed, to maintain a safe distance from utility lines.
  • Confirm hired contractors have contacted 811 before their work.
  • Complete digging within the timeframe required by state law. If work cannot be completed in that time, contact 811 again before continuing.  

What to do if a natural gas line is struck
If a natural gas line is struck outside of a home or business, customers should:

  • Leave the area immediately on foot. Do not attempt to restart or move powered equipment or use your mobile device or any other item that could cause a spark.
  • Go to a safe location, then call 911 and CenterPoint.
  • Remain in a safe area until directed by emergency personnel to do otherwise.
  • Leave all repairs to a trained technician. ​

Visit 811BeforeYouDig.com for more information about 811. To learn more about natural gas safety, visit CenterPointEnergy.com/Safety.   

Soundbites on the importance of 811 Day, along with b-roll footage and photos of CenterPoint employees marking underground utilities, can be found here: CNP Digital Asset Mgmt

About CenterPoint Energy, Inc.
As the only investor owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Indiana, Minnesota, Ohio and Texas. As of June 30, 2026, the company owned approximately $48.3 billion in assets. With approximately 8,800 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com​