CenterPoint Energy continues to invest in the safety, reliability and resiliency of its natural gas system to benefit customers
CenterPoint Energy continues to invest in the safety, reliability and resiliency of its natural gas system to benefit customers
2024-11-25T06:00:00Z

The company filed a settlement agreement with the Minnesota Public Utilities Commission reached with intervenors on its 2023 rate case

MINNEAPOLIS, Nov. 25, 2024 - Today, CenterPoint Energy filed a settlement agreement with the Minnesota Public Utilities Commission (Commission) for its rate case submitted in November 2023, to adjust natural gas distribution service rates in 2024 and 2025. The company reached a settlement agreement with all intervening parties including: Minnesota Department of Commerce, Minnesota Office of Attorney General – Residential Utilities Division, Citizens Utility Board of Minnesota, International Union of Operating Engineers Local 49, LIUNA of Minnesota and North Dakota, and Suburban Rate Authority.

If approved by the Commission, CenterPoint's rate adjustment will enable the company to:

  • Continue to maintain the safety, resiliency and integrity of its natural gas distribution system to benefit the company's more than 920,000 customers in over 260 local Minnesota communities.
  • Continue to support the advancement of low- and zero-carbon technologies, including recovering certain costs for the company's innovation plan approved in July 2024 by the Commission under Minnesota's Natural Gas Innovation Act for investments in innovative technologies and low- and zero-carbon energy resources.
  • Conduct infrastructure projects to replace or upgrade existing pipelines, provide safe and reliable service, comply with federal pipeline regulations and relocate facilities to enable projects by government agencies such as roads, bridges, drainage and other infrastructure.
  • Accommodate the increased investments to operate, maintain and deliver natural gas through the company's distribution system.

"From the outset, we were determined to use a collaborative approach with state agencies and all intervenors to reach a settlement agreement that worked for all parties. This agreement prioritizes the safety, reliability and resiliency of the energy system for the benefit of our customers and communities throughout Minnesota," said Brad Steber, CenterPoint's Vice President of Minnesota Gas. "The agreement meaningfully plans for current and anticipated near-term future investments to continue to serve our customers' needs for readily available energy resources. These proposed investments will enhance our ability to deliver energy when customers need it most to help them withstand the coldest days of winter and to keep them safe and warm."

The Commission will review and decide upon the filed settlement agreement. A decision is expected in 2025.

Meaningful investments in the company's natural gas system
A rate case is a forward-looking proposal to plan for the continued needs of customers for energy service. CenterPoint plans to continue to make investments in the safety and resiliency of the company's natural gas distribution system to benefit its customers including:

  • Replacing natural gas lines using modern construction methods and materials.
  • Relocating natural gas meters inside residential customer's homes to outside for improved access in case of an emergency and for enhanced customer safety.
  • Deploying smart natural gas meters for residential customers, which have enhanced safety and communications features.
  • Using methane detection vehicles that have a higher level of detection capability to monitor methane emissions and more efficiently conduct leak detection operations, allowing for faster mitigation and repair of natural gas leaks.
  • Leveraging vacuum-like technology, also known as cross-compression, during repair, replacement and inspection of a natural gas line to help prevent natural gas from going into the air. Instead, the natural gas is temporarily stored or placed in another segment of natural gas line.

Rate adjustment proposal
As identified in the proposed settlement agreement, CenterPoint is requesting adjustments to the delivery charge, or the cost to deliver natural gas. The delivery charge accounts for approximately 50% of a typical residential customer's monthly bill. The remaining approximately 50% of a customer's bill is the cost of natural gas which is passed through at cost. CenterPoint does not profit from the overall cost of natural gas.

The requested increase is approximately 4.7% or $60.8 million for 2024 and approximately 3.1% or $42.7 million for 2025. The requested increase will add $2.70 to the average residential customer's monthly bill in 2024 and an additional $1.27 to an average residential customer's monthly bill in 2025.

While the rate case is under consideration, interim rates are in effect. Interim rates started with the January 2024 billing cycle and added approximately $4 per month to the average residential bill. It is anticipated that interim rates for 2025 would begin with the January 2025 billing cycle and be approximately $2 more per month for an average residential customer's bill as the Commission reviews the settlement agreement.

Interim rates are applied as an equal percentage across all customer types. After final rates have been approved by the Commission, and if interim rates are set higher than final approved rates, CenterPoint will calculate a refund to customers for the difference in interim rates and final rates. The refund will be based on actual customer usage while interim rates were in effect, including interest, and will be issued as a credit on a monthly bill.

CenterPoint offers various programs, tools and tips to help customers manage their bills and save energy. The company encourages those facing hardship to call CenterPoint to find out about payment arrangements and be referred to resources that may be available. To learn more, call 800-245-2377 between 7 a.m. and 7 p.m., Monday-Friday or visit CenterPointEnergy.com/PaymentAssistance.

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

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. 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 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 approval by the Commission of the settlement agreement and timing thereof, the anticipated benefits of the rate adjustment, investments in the company's natural gas system and the anticipated benefits thereof, the amount and expected impact to customer's bills, 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) CenterPoint Energy'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 Energy's Annual Report on Form 10-K for the fiscal year ended December 31, 2023 and CenterPoint's Quarterly Report on Form 10-Q for the quarters ended March 31, 2024, June 30, 2024, and September 30, 2024 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, Inc

 Recent News

 

 
CenterPoint Energy teams monitoring severe storms forecasted for southwestern Indiana and preparing for potential impacts

The company is executing preparedness actions and mobilizing resources ahead of storms to support restoration efforts

Customers encouraged to stay safe and prepare emergency plans ahead of storms 

EVANSVILLE, Ind. – March 10, 2026 – CenterPoint Energy is monitoring for potentially severe thunderstorm forecasted across the region and preparing for potential impacts from storms expected to move through southwestern Indiana Tuesday afternoon through Wednesday. According to the National Weather Service, damaging winds and isolated tornadoes are possible.

The company has pre-staged crews and equipment across its service territory to respond safely and quickly if needed. CenterPoint is also coordinating with government officials on storm readiness and response and sharing safety and preparedness information directly with customers.

“Our Emergency Preparedness and Response team has been monitoring the potential for severe storms and our teams are fully prepared and stand ready to respond," said Mike Roeder, President of CenterPoint Energy Indiana. “We encourage our customers to stay alert in anticipation of changing weather conditions and take steps now to prepare.

CenterPoint encourages customers to prepare for severe weather:

  • Track outages: Bookmark Outage Tracker (available in English & Spanish and mobile-friendly) to see outage information in your area.
  • Stay safe: Visit Ready.gov for storm safety tips.

Follow us: Real-time updates will be available on X and at CenterPointEnergy.com/ActionCenter.

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Midweek Weather Impacts: CenterPoint Energy actively monitoring and preparing ahead of new wave of severe storm potential across the Greater Houston area; company activates Emergency Operations Center

​HOUSTON – March 10, 2026 – As a new week begins, so does the potential for severe weather impacts and CenterPoint Energy is proactively activating its Emergency Operations Center. The company continues to diligently monitor forecasts, coordinate with emergency management partners and position resources to be prepared to respond to potential impacts to electric and natural gas service.​

“Our Emergency Preparedness and Response team has been monitoring the potential for strong and potentially severe thunderstorms by midweek," said Matt Lanza, CenterPoint's Manager of Meteorology. “We have proactively activated our Emergency Operations Center and crews will be fully prepared for the possibility of another round of severe weather this week and stand ready to respond. We will continue to actively monitor for any severe weather and urge our customers to stay alert in anticipation of quickly changing weather conditions."

Preparing for Severe Weather: Key Actions
As part of its storm preparedness efforts, CenterPoint is taking the following actions:

  • Activating storm readiness plan: CenterPoint's Emergency Preparedness and Response team has activated its storm preparedness efforts.
  • Readying the company's resources: More than 1,400 personnel are executing preparedness actions and will remain ready to support potential restoration efforts throughout the week.
  • Monitoring severe weather 24/7: The Meteorology team continues to track weather forecast developments, and the company is updating response efforts as conditions evolve.
  • Coordinating with local officials: CenterPoint is providing updates to local officials and emergency management partners.

“CenterPoint was prepared to respond to this past weekend's storms, and we are maintaining our readiness posture for this week's forecasted potentially severe weather. We know that any outage is one too many for customers, and we are working hard to pre-position resources across our system to be ready to respond safely and as quickly as possible if outages from weather occur," said Jason Fabre, CenterPoint's Vice President, Special Response Team and Incident Commander. “We're committed to open communication and working safely and quickly to restore service."

What customers should do:

About CenterPoint Energy, Inc.  
CenterPoint Energy, Inc. (NYSE: CNP) is a multi-state electric and natural gas delivery company serving more than 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 December 31, 2025, the company had approximately $46.5 billion in assets. With approximately 8,800 employees, CenterPoint Energy and its predecessor companies have been serving customers for more than 150 years. For more information, visit CenterPointEnergy.com.

Weekend Storm Wrap-up: More than 97% of CenterPoint Energy customers experienced no impacts during weekend storms; Company monitoring forecast for potential midweek severe weather

​HOUSTON – March 8, 2026 – Following a stormy Saturday and Sunday morning in CenterPoint Energy's electric service territory, more than 97% of its 2.9 million customers across the Greater Houston area experienced no impacts to electric service during the weather event. As of 5 p.m., essentially all customers have been restored from the weekend storms. Approximately 83,500 customers have been restored since the storms arrived at 5 p.m. Saturday evening. ​

Northern areas of the company's electric service territory in Cypress, Humble and Katy experienced thunderstorms with heavy rainfall, flooding, and frequent lightning – approximately 15,800 cloud-to-ground lightning strikes were recorded across the Greater Houston area from 12 a.m. on Saturday to 12 p.m. today. The average time to restore customers who experienced storm-related outages was approximately 60 minutes and the vast majority of customers were restored in less than five hours. The company's Emergency Operation Center was activated ahead of the storms, and more than 1,400 frontline workers and contractor crews responded to isolated outages throughout the company's service area.

The company will return to normal operations at 8 p.m.

“We are committed to restoring service safely and as quickly as possible to those remaining customers who experienced power interruptions from the lightning and storms. We know that any outage is one too many for customers, and we won't stop until all customers are restored," said Jason Fabre, CenterPoint's Vice President, Special Response Team and Incident Commander. “We will continue to quickly address any additional outages that may occur as a result of Sunday's ongoing weather activity."

CenterPoint took the following actions for this weekend's event:

  • Deployed the company's resources: More than 1,400 personnel responded to outages and supported preparedness actions ahead of restoration efforts.
  • Activated Emergency Operations Center: To coordinate storm response efforts throughout the weekend, the company proactively activated its Emergency Operations Center on Friday and remains ready to respond.
  • ​ Monitored weather 24/7: The Meteorology team continues to track forecast developments, and the company is updating response plans as conditions evolve.
  • Pre-positioned resources: Response teams were pre-positioned in areas where storms were forecasted to impact and remain ready to respond to any electric or natural gas service interruptions safely and as quickly as possible.
  • Coordinated with local officials: The company provided updates to local officials and emergency management partners.

Monitoring mid-week for next wave of potentially severe weather

CenterPoint's Emergency Preparedness and Response and Meteorology teams continue to diligently monitor remaining Sunday storm activity and the potential of another wave of severe weather forecasted for midweek. The company remains positioned to support restoration efforts and respond to potential impacts to electric and natural gas service safely and as quickly as possible.

“For the last several days, our Emergency Preparedness and Response team has been monitoring the potential for another spring storm system that could bring another chance of strong and potentially severe thunderstorms to the area in the middle of the week," said Matt Lanza, CenterPoint's Manager of Meteorology. “Our crews will be fully prepared for the possibility of another round of severe weather this week and stand ready to respond. We will continue to actively monitor for any severe weather and urge our customers to stay alert in anticipation of quickly changing weather conditions."

What customers should do:

About CenterPoint Energy, Inc.  
CenterPoint Energy, Inc. (NYSE: CNP) is a multi-state electric and natural gas delivery company serving more than 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 December 31, 2025, the company had approximately $46.5 billion in assets. With approximately 8,800 employees, CenterPoint Energy and its predecessor companies have been serving customers for more than 150 years. For more information, visit CenterPointEnergy.com. 

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CenterPoint Energy continues preparedness actions and positions resources ahead of potential severe weather in the Greater Houston area beginning Saturday afternoon and into Sunday

HOUSTON – March 7, 2026 – CenterPoint Energy's Emergency Operations Center remains activated today as the company continues executing preparedness actions ahead of potential severe weather across the Greater Houston area Saturday afternoon and evening, including scattered showers, thunderstorms and lightning. The company is monitoring forecasts, coordinating with emergency management partners and positioning resources to be prepared to respond to potential impacts to electric and natural gas service safely and as quickly as possible.

“We've been actively monitoring the weather models all week and are prepared to respond to potential impacts to our system," said Matt Lanza, CenterPoint's Manager of Meteorology. “Though the greatest potential for thunderstorms and severe weather appears to be to the north of our electric service territory on Saturday, we will continue tracking forecasts and adjusting our response plans. We urge customers to stay aware of evolving weather conditions and have a plan to stay safe."

What CenterPoint is doing:

  • Readying the company's resources:More than 1,400 personnel continue executing preparedness actions and will remain ready to support potential restoration efforts through Sunday.
  • Activated Emergency Operations Center: To coordinate storm response efforts throughout the weekend, the company proactively activated its Emergency Operations Center yesterday and remains ready to respond.
  • ​ Monitoring 24/7: The Meteorology team continues to track forecast developments, and the company is updating response plans as conditions evolve.
  • Pre-positioning resources: Response teams are developing plans to pre-position crews across the area to respond to any electric or natural gas service interruptions safely and as quickly as possible.
  • Coordinating with local officials: The company is providing updates to local officials and emergency management partners.

“Our crews are pre-positioned and ready to safely and quickly restore service in the event the forecasted severe weather has an impact on our system," said Jason Fabre, CenterPoint's Vice President, Special Response Team and Incident Commander. “We are committed to keeping our customers aware and informed, especially during potentially severe weather events. We urge all customers to register for Power Alert Service®, so that if outages from weather occur they can receive restoration updates directly via phone, text and email."​

What customers should do:

  • Sign up for Power Alert Service®: Get outage updates and restoration times.
  • Track outages: Bookmark our new Outage Tracker (available in English & Spanish and mobile-friendly) to see outage information in your area.
  • Stay safe: Visit Ready.gov for storm safety tips.
  • ​ Follow us: Real-time updates will be available on X and at CenterPointEnergy.com/ActionCenter.

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. ​

More than 99.8% of CenterPoint Energy customers experienced no impacts during Saturday afternoon and evening storms; Company remains ready to respond to additional storms overnight and Sunday

​HOUSTON – March 7, 2026 – As today's wave of thunderstorms moved through the Greater Houston area, more than 99.8% of CenterPoint Energy's 2.9 million customers experienced no impacts to electric service as a result of this afternoon's severe weather. At the peak of today's storm activity, approximately 11,000 customers were without service. Since 5 p.m., crews have restored approximately 7,000 customers. As of 9:30 p.m., approximately 4,000 customers are currently without power — less than 1% of CenterPoint's 2.9 million electric customers. These numbers may continue to fluctuate as additional storms move through the area overnight and Sunday.​​

Crews have been pre-positioned across the area and are actively restoring customers experiencing outages in the areas most impacted, including northern areas of the company's electric service territory in Cypress, Humble and Katy, which experienced thunderstorms with frequent lightning and heavy rainfall.

The company's Operations Center remains activated as crews respond to outages and continue executing preparedness actions ahead of any weather impacts tomorrow. The company continues to diligently monitor forecasts, coordinate with emergency management partners and position resources to continue supporting restoration efforts and respond to any system impacts safely and as quickly as possible.

“We are committed to getting the lights back on for those customers experiencing outages following today's storms. Our crews are out right now across the Greater Houston area working to safely and quickly restore customers, while also preparing for another round of severe weather tomorrow afternoon," said Jason Fabre, CenterPoint's Vice President, Special Response Team and Incident Commander.

“As heavy rainfall continues and the threat of flooding remains across the area, we urge customers to stay prepared. We urge customers to stay aware and alert to the dangers of flood waters – and stay away from downed power lines that could be submerged in standing water. If you see a downed power line, stay at least 35 feet away and call us at 713-207-2222 to report."

CenterPoint has taken the following actions:

  • Deployed the company's resources: More than 1,400 personnel are responding to outages and supporting preparedness actions ahead of potential restoration efforts tomorrow.
  • Activated Emergency Operations Center: To coordinate storm response efforts throughout the weekend, the company proactively activated its Emergency Operations Center yesterday and remains ready to respond.
  • ​ Continued monitoring of weather 24/7: The Meteorology team continues to track forecast developments, and the company is updating response plans as conditions evolve.
  • Pre-positioned resources: Response teams have been pre-positioned in areas where storms are forecasted to impact and remain respond to any electric or natural gas service interruptions safely and as quickly as possible.
  • Continued coordination with local officials: The company is providing updates to local officials and emergency management partners.

What customers should do:

  • Sign up for Power Alert Service®: Get outage updates and restoration times.
  • Track outages: Bookmark our new Outage Tracker (available in English & Spanish and mobile-friendly) to see outage information in your area.
  • Stay safe: Visit Ready.gov for storm safety tips.
  • Follow us: Real-time updates will be available on X and at CenterPointEnergy.com/ActionCenter.

About CenterPoint Energy, Inc.  
CenterPoint Energy, Inc. (NYSE: CNP) is a multi-state electric and natural gas delivery company serving more than 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 December 31, 2025, the company had approximately $46.5 billion in assets. With approximately 8,800 employees, CenterPoint Energy and its predecessor companies have been serving customers for more than 150 years. For more information, visit CenterPointEnergy.com. ​