CenterPoint Energy launches request for information to team with a local government on a networked geothermal pilot project to help advance Minnesota’s decarbonization efforts
Pilot project expected to help reduce greenhouse gas emissions and demonstrate value of networked geothermal technology in a cold climate
2024-12-19T06:00:00Z

Minneapolis – Dec. 19, 2024 – Today, CenterPoint Energy, Minnesota's largest natural gas utility, issued a Request for Information (RFI) to the local governmental entities it serves in Minnesota to garner interest in collaborating with the company on a new networked geothermal pilot project. Interested cities and townships that are currently served by CenterPoint are invited to submit responses to the RFI by Friday, Jan. 24, 2025.

A networked geothermal system provides heating and cooling to multiple buildings connected by underground water pipes, electric heat pumps and the relatively constant temperature of the earth. This system pulls warmth into buildings in colder temperatures and provides cooling by pumping heat into the ground during warmer weather. An ideal location would include a mix of building types including residential, commercial and community facilities.

This project is part of a five-year innovation plan submitted under Minnesota's Natural Gas Innovation Act (NGIA). Passed with bipartisan support in 2021, the NGIA created a new regulatory framework for natural gas utilities to invest in renewable energy resources and innovative technologies to help reduce Minnesota's greenhouse gas (GHG) emissions.

“CenterPoint looks forward to identifying a local government to team with in developing this new networked geothermal system to understand how this technology could help with decarbonization efforts in a cold climate state like Minnesota," said Brad Steber, CenterPoint Energy's Vice President, Minnesota Gas. “We're excited to work with our regulators, stakeholders and customers to continue identifying innovative technologies that show promise in helping to reduce emissions. We remain committed to advancing Minnesota's energy future, while maintaining safe, reliable and resilient energy service for the benefit of the customers and communities we're privileged to serve."

In 2025, CenterPoint will continue to develop this project, including conducting technical studies for siting and engineering, prior to starting construction. Throughout the development of this pilot, CenterPoint will conduct regular engagement with regulators, stakeholders and customers to keep them informed of progress.

Beyond the networked geothermal project the company will own, CenterPoint will offer incentives for large customers to partially offset costs to install and operate their own networked geothermal system and will also seek opportunities to identify decarbonization strategies for an existing district energy system in one of the communities the company serves.

NGIA
The Minnesota Public Utilities Commission approved CenterPoint's innovation plan in July 2024. The approved plan includes 17 pilot projects and seven research and development projects, including investments in made-in-Minnesota low- and zero-carbon gases like renewable natural gas and green hydrogen as well as innovative efforts such as onsite carbon capture and hybrid heating.

CenterPoint's innovation plan is expected to deliver significant benefits to Minnesota, including:

  • Reducing or avoiding an estimated 1.1 million tons of carbon emissions over the lifetime of the projects – equivalent to the annual energy use of approximately 150,000 homes.
  • Creating an estimated 3,000 full-time equivalent jobs over the pilot projects' lifetimes.
  • Leveraging an estimated approximately $17 million or more in federal clean energy incentives (as applicable).

CenterPoint is committed to reducing GHG emissions, as demonstrated by its company-wide Net Zero goals by 2035 for its Scope 1 and certain Scope 2 GHG emissions. Also, CenterPoint is committed to helping residential and business customers reduce GHG emissions attributable to their end use of natural gas by 20-30% by 2035 (from a 2021 baseline). The total GHG emission reductions under this Scope 3 goal are comparable to those for the company's combined Scope 1 and certain Scope 2 Net Zero goals.

To learn more about CenterPoint's efforts to advance Minnesota's energy future, visit CenterPointEnergy.com/FutureMN.

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 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 CenterPoint Energy's ability to execute on the networked geothermal pilot project, including the planned scope of the project, anticipated benefits, the associated extent of GHG emissions reductions, and associated collaboration and communication with stakeholders, CenterPoint Energy's ability to execute on the innovation plan, including the planned scope of projects and anticipated benefits, and the associated extent of GHG emission reductions, advancement of decarbonization efforts and the number of jobs created by the innovation plan, the extent to which and timing of CenterPoint Energy's ability to recover costs to implement the innovation plan, the amount and expected impact to customers' costs 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, but are not limited to, risks and uncertainties relating to: (1) CenterPoint Energy's business strategies and strategic initiatives; (2) changes in market demand; (3) CenterPoint Energy's ability to fund and invest planned capital and the timely recovery of CenterPoint Energy's investments; (4) financial market conditions; (5) general economic and political conditions; (6) the timing and impact of regulatory proceedings and actions and legal proceedings; (7) effects of competition; (8) catastrophic events including public health threats; (9) weather variations and the impact of climate change; (10) changes in business plans; (11) continued disruptions to the global supply chain including volatility in commodity prices; (12) changes in technology; (13) legislative actions, including tax and developments related to the environment such as global climate change, air emissions, GHG emissions, waste water discharges and the handling of coal combustion residuals; (14) CenterPoint Energy's ability to execute on its initiatives, targets and goals and operations and maintenance goals and (15) other factors discussed CenterPoint Energy's Annual Report on Form 10-K for the fiscal year ended December 31, 2023 and CenterPoint Energy's Quarterly Report on Form 10-Q for the quarters ended March 31, 2024, June 30, 2024, and September 30, 2024, including in the “Risk Factors" and “Cautionary Statement Regarding Forward-Looking Information" sections of such reports, and other reports CenterPoint Energy or its subsidiaries may file from time to time with the Securities and Exchange Commission.

Net Zero Disclaimer
CenterPoint Energy's Scope 1 GHG emissions estimates are calculated from GHG emissions that directly come from its operations. CenterPoint Energy's Scope 2 GHG emissions estimates are calculated from emissions that indirectly come from its energy usage, but because Texas is in an unregulated market, its Scope 2 GHG emissions estimates do not take into account Texas electric transmission and distribution assets in the line loss calculation and exclude emissions related to purchased power between 2024E-2026E. CenterPoint Energy's Scope 3 GHG emissions estimates are based on the total natural gas supply delivered to residential and commercial customers as reported in the U.S. Energy Information Administration (EIA) Form EIA-176 reports and do not take into account the GHG emissions of transport customers and GHG emissions related to upstream extraction. While CenterPoint Energy believes that it has a clear path towards achieving its Net Zero GHG emissions (Scope 1 and certain Scope 2) by 2035 goals, its analysis and path forward required it to make a number of assumptions. These goals and underlying assumptions involve risks and uncertainties and are not guarantees. Should one or more of CenterPoint Energy's underlying assumptions require updating, CenterPoint Energy's actual results and ability to achieve Net Zero Scope 1 and certain Scope 2 GHG emissions by 2035 could differ materially from its expectations. Certain of the assumptions that could impact CenterPoint Energy's ability to meet its Net Zero Scope 1 and certain Scope 2 GHG emissions goals include, but are not limited to: GHG emission levels; service territory size and capacity needs remaining in line with company expectations (inclusive of changes related to the announced sale of CenterPoint Energy's Louisiana and Mississippi local distribution company businesses); regulatory approval of Indiana Electric's generation transition plan; impacts of future environmental regulations or legislation; impacts of future carbon pricing regulation or legislation, including a future carbon tax; price, availability and regulation of carbon offsets; price of fuel, such as natural gas; cost of energy generation technologies, such as wind and solar, natural gas and storage solutions; adoption of alternative energy by the public, including adoption of electric vehicles; rate of technology innovation with regards to alternative energy resources; CenterPoint Energy's ability to implement its modernization plans for its pipelines and facilities; CenterPoint Energy's ability to complete and timely implement generation alternatives, such as solar and wind generation, to Indiana Electric's coal generation and retirement dates of Indiana Electric's coal facilities by 2035; CenterPoint Energy's ability to construct and/or permit new natural gas pipelines; CenterPoint Energy's ability to procure resources needed to build at a reasonable cost, the lack of or scarcity of resources and labor, the lack of any project cancellations, construction delays or overruns and CenterPoint Energy's ability to appropriately estimate costs of new generation; impact of any supply chain disruptions; changes in applicable standards, metrics, methodologies or frameworks; and enhancement of energy efficiencies. ​

​

 Recent News

 

 
CenterPoint Energy expands strategic relationship with Resilient Structures to accelerate grid hardening and support local economic development

HOUSTON — Feb. 9, 2026 — CenterPoint Energy (NYSE: CNP), today announced a long-term supply agreement with Resilient Structures (RS), a premier manufacturer of high-performance composite utility poles. This strategic relationship strengthens CenterPoint’s Greater Houston Resiliency Initiative (GHRI), a multi-year effort to harden the region’s electric infrastructure against increasingly severe weather events. 

  

Under the agreement, Resilient Structures will significantly expand its Humble, Texas operations to meet CenterPoint’s growing infrastructure needs. The expansion is expected to create more than 200 new jobs in the Houston area, reinforcing both companies’ commitment to local investment and economic development. 

  

“Building the most resilient coastal grid in the nation starts with strong relationships,” said Jesus Soto Jr. Chief Operating Officer at CenterPoint Energy. “Resilient Structures shares our commitment to enhance the reliability, resiliency and innovation of our Greater Houston region. This agreement provides a vital U.S.-based and Texas supported option for our supply chain. It will help make sure that CenterPoint has the critical resources to accelerate grid hardening across southeast Texas. By sourcing materials locally, we’re not only strengthening our electric infrastructure against extreme weather but also supporting economic growth and job creation in the communities we serve.”  

  

The agreement will provide CenterPoint with a secure, U.S.-based supply of advanced composite poles designed to withstand extreme weather conditions. By sourcing materials locally, CenterPoint and RS will shorten the supply chain and speed up deployment of storm-hardened structures across CenterPoint’s 12-county service territory. 

  

"We are incredibly proud to deepen our strategic relationship with CenterPoint Energy at such a pivotal moment for our region’s infrastructure," said John Higgins, Chief Executive Officer of RS. "This agreement is about more than just supply; it is a shared commitment to the safety and stability of our community. By expanding our operations right here in Houston, we are not only bringing over 200 high-quality, long-term jobs to the local economy but also ensuring that the materials strengthening our grid are made by the people who rely on it."  

  

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. 

About Resilient Structures 

Resilient Structures (RS) is a premier North American manufacturer of high-performance composite utility structures designed to harden the electrical grid against extreme weather and environmental threats. In business for over 30 years, RS is backed by Energy Impact Partners, a global investment firm with a strategic focus on the energy sector and Werklund Growth Fund, an investment firm backed by the Werklund family. RS operates three strategic manufacturing facilities in St. George, Utah; Tilbury, Ontario; and Humble, Texas. ​


CenterPoint Energy encourages Ohio customers to explore bill management options to benefit sooner

​​​Current bills to reflect January’s extreme cold

Payment assistance, flexible billing options and energy-saving resources available

DAYTON, Ohio – Feb. 3, 2026 – As CenterPoint Energy customers continue receiving February bills reflecting January’s extreme weather, the company is encouraging those who may need help managing their energy costs to explore available resources now to manage potential bill assistance needs.

January 2026 brought record-breaking snowfall to the region during Winter Storm Fern. The National Weather Service reported the longest streak of consecutive days below freezing since 2017-18. It marks the sixth time since 1893 the region has experienced an extended freeze of this magnitude. When temperatures fall this dramatically, heating systems work harder to maintain indoor comfort, resulting in increased energy usage reflected in monthly bills.

Natural gas commodity prices also rose sharply during the storm as severe weather disrupted production in key supply regions nationwide. These costs, set by national markets, are passed through to customers dollar-for-dollar without markup. Every year, the company procures gas on behalf of customers using tools to mitigate most of the exposure to large, demand-based market swings. CenterPoint does not control or profit from the price of natural gas.

“We understand that colder weather drove more heating use which is generating challenging higher bills,” said Mike Wilson, CenterPoint’s VP, Ohio Gas. “We want customers to know that help is available. Our Resource Hub brings together assistance programs, payment options and energy-saving tools, all in one place.”

The company also offers Budget Billing, which spreads energy costs evenly across the year for more predictable monthly bills.

Customers can sign up for Budget Billing and explore other resources by visiting CenterPoint’s improved Resource Hub at CenterPointEnergy.com/ResourceHub or call 800-227-1376.

As cold weather continues, CenterPoint reminds customers to be aware of the warning signs of carbon monoxide poisoning. Early symptoms such as headache and fatigue are similar to the flu, but without a fever. Continued CO exposure can lead to more severe headaches, dizziness, nausea, difficulty thinking clearly and fainting. If everyone in a household is experiencing these symptoms, it could be CO poisoning. If CO poisoning is suspected, leave the area immediately, get fresh air and call 911.


CenterPoint Energy encourages Indiana customers to explore bill management options to benefit sooner

​Current bills to reflect January’s extreme cold

Payment assistance, flexible billing options and energy-saving resources available

INDIANAPOLIS – Feb. 3, 2026 – As CenterPoint Energy customers continue receiving current bills reflecting January’s extreme weather, the company is encouraging those who may need help managing their energy costs to explore available resources now to manage potential bill assistance needs.

January 2026 brought the region’s heaviest snowfall in over a decade during Winter Storm Fern, with wind chills plunging 20 to 25 degrees below zero. The National Weather Service reported the longest streak of consecutive days below freezing since 2017-18. It marks only the sixth time since 1871 the region has experienced an extended freeze of this magnitude. When temperatures fall this dramatically, heating systems work harder to maintain indoor comfort, resulting in increased energy usage reflected in monthly bills.

Natural gas commodity prices also rose sharply during the storm as severe weather disrupted production in key supply regions nationwide. These costs, set by national markets, are passed through to customers dollar-for-dollar without markup. Every year, the company procures gas on behalf of customers using tools to mitigate most of the exposure to large, demand-based market swings. CenterPoint does not control or profit from the price of natural gas.

“We understand the colder weather drove more heating use which is generating challenging higher bills,” said Mike Roeder, President of CenterPoint Energy Indiana. “We want customers to know that help is available. Our Resource Hub brings together assistance programs, payment options and energy-saving tools, all in one place.”

The company also offers Budget Billing, which spreads energy costs evenly across the year for more predictable monthly bills.

Customers can sign up for Budget Billing and explore other resources by visiting CenterPoint’s improved Resource Hub at CenterPointEnergy.com/ResourceHub or call 800-227-1376.

As cold weather continues, CenterPoint also reminds customers to be aware of the warning signs of carbon monoxide (CO) poisoning. Early symptoms such as headache and fatigue are similar to the flu, but without a fever. Continued CO exposure can lead to more severe headaches, dizziness, nausea, difficulty thinking clearly and fainting. If everyone in a household is experiencing these symptoms, it could be CO poisoning. If CO poisoning is suspected, leave the area immediately, get fresh air and call 911.

CenterPoint Energy encourages southwestern Indiana customers to explore bill management options to benefit sooner
​​Current bills to reflect January’s extreme cold
Payment assistance, flexible billing options and energy-saving resources available

EVANSVILLE, Ind. – Feb. 3, 2026 – As CenterPoint Energy customers continue receiving current bills reflecting January’s extreme weather, the company is encouraging those who may need help managing their energy costs to explore available resources now to manage potential bill assistance needs.

January 2026 brought significant snowfall and dangerously cold wind chills to the region during Winter Storm Fern, with temperatures dropping well below zero. The National Weather Service reported the longest streak of consecutive days below freezing since 2021. When temperatures fall this dramatically, heating systems work harder to maintain indoor comfort, resulting in increased energy usage reflected in monthly bills. 

Natural gas commodity prices also rose sharply during the storm as severe weather disrupted production in key supply regions nationwide. These costs, set by national markets, are passed through to customers dollar-for-dollar without markup. Every year, the company procures gas on behalf of customers using tools to mitigate most of the exposure to large, demand-based market swings. CenterPoint does not control or profit from the price of natural gas.

“We understand the colder weather drove more heating use which is generating challenging higher bills,” said Mike Roeder, President of CenterPoint Energy Indiana. “We want customers to know that help is available. Our Resource Hub brings together assistance programs, payment options and energy-saving tools, all in one place.”

The company also offers Budget Billing, which spreads energy costs evenly across the year for more predictable monthly bills.

Customers can sign up for Budget Billing and explore other resources by visiting CenterPoint’s improved Resource Hub at CenterPointEnergy.com/ResourceHub or call 800-227-1376.

In October 2025, CenterPoint launched a series of Community Affordability Actions​, including the CenterPoint Energy Foundation’s $5 million Community Energy Improvement Fund​. Since then, the company has introduced additional bill management tools and programs for southwestern Indiana customers, including the Home Repair & Care program​—which provides major home repairs at no cost to qualifying households—and TimeWise, a voluntary pilot program offering residential electric customers a pricing option that may help them save by shifting energy use to lower-cost hours.

As cold weather continues, CenterPoint also reminds customers to be aware of the warning signs of carbon monoxide (CO) poisoning. Early symptoms such as headache and fatigue are similar to the flu, but without a fever. Continued CO exposure can lead to more severe headaches, dizziness, nausea, difficulty thinking clearly and fainting. If everyone in a household is experiencing these symptoms, it could be CO poisoning. If CO poisoning is suspected, leave the area immediately, get fresh air and call 911.​

To help manage winter heating bills, CenterPoint Energy encourages customers to use available resources and programs

MINNEAPOLIS – Jan. 29, 2026 – CenterPoint Energy encourages residential customers to use tools and resources that may be available to help manage their natural gas bills. Throughout the year, but especially in the winter months when home heating costs are historically higher, CenterPoint urges customers facing hardship to call the company now to find out about payment arrangements, energy efficiency programs and external agency resources.​

“For customers needing payment assistance resources, we offer various tools and programs to help them manage their natural gas bills and provide pathways to reducing energy use. Our representatives work with each customer to identify programs that may be available throughout the winter heating season. We encourage customers that need support in managing their bills to contact us now to set up a payment plan and find out more about energy assistance programs," said Brad Steber, CenterPoint Energy's Vice President, Minnesota Gas. 

Cold weather protections for residential customers
Under Minnesota's Cold Weather Rule, residential customers having difficulty paying their heating bills are required to set up a payment plan with their utility. Setting up and maintaining a payment plan helps prevent disconnection of service through April 30, 2026.

CenterPoint customers can call 800-245-2377 between 7 a.m. and 7 p.m., Monday-Friday, or visit CenterPointEnergy.com/PaymentAssistance to arrange a payment plan. A payment agreement must consider a customer's financial situation and any extenuating household circumstances.

Payment assistance and bill management resources
CenterPoint representatives can also refer customers to external resources that provide financial assistance for heating costs such as Minnesota's Energy Assistance Program. This program helps pay for home heating costs and furnace repairs for income-eligible households. Applications are being accepted for this program, and funds remain to assist Minnesotans this heating season. 

CenterPoint customers can also enroll in an Average Monthly Billing Plan, which spreads costs throughout the year to balance out payments and helps customers manage winter payment peaks, at CenterPointEnergy.com/MyAccount or by calling 800-245-2377.

Energy efficiency programs support customers in reducing their energy use
Various energy efficiency programs are available for residential customers, including renters. For qualifying customers, these programs may be available at a reduced rate or at no cost. Programs include:

  • Home energy assessment: The Home Energy Squad® is a home energy assessment program provided by CenterPoint and Xcel Energy that provides customers with a personalized energy savings plan and support in identifying qualified contractors and rebates. Through Jan. 31, customers scheduling their visit will receive half off with discount code NEWYEAR50. Schedule a visit at: CenterPointEnergy.com/HomeEnergySquad.
  • Visit the online Energy Efficiency Store: CenterPoint offers a variety of free and discounted products through its online Energy Efficiency Store including smart and programmable thermostats, window insulation kits, weatherstripping, low-flow showerheads and faucet aerators.
  • Air sealing and insulation rebates: By weatherizing a home through air sealing and insulation efforts, customers can prevent heat loss from their homes and reduce their energy use. Residential customers can receive rebates of up to $3,000 for work completed by a qualifying contractor. 

 Learn more about energy efficiency programs at CenterPointEnergy.com/SaveEnergy.