CenterPoint Energy reaches settlement agreement with parties to lower bills for customers in its 2024 Houston Electric Rate Case
2025-01-29T06:00:00Z

​Houston – Jan. 29, 2025 – CenterPoint Energy (CenterPoint) announced today that it has reached a settlement agreement with parties to its 2024 rate case for its CenterPoint Energy Houston Electric business (Houston Electric), including the City of Houston and other regional municipalities. Subject to Public Utility Commission of Texas (PUCT) review and approval, the settlement is expected to result in approximately $50 million less annual revenue to CenterPoint through roughly 2029, and an average decrease of approximately $1 a month for most customers or approximately 2 percent of the monthly bill of residential customers that use 1,000 kWh per month.

A rate case for Houston Electric occurs approximately once every four years and is part of an open and transparent regulatory process in which rates are set by the PUCT.

“All of us at CenterPoint are committed to continuing to work to meet the needs of our customers and providing the reliable, safe, and affordable service that they expect and deserve. Our settle agreement with these parties would reduce the amount of revenue that CenterPoint receives, and customer bills would decrease, while also addressing the significant investments we have made to strengthen our system for the benefit of our customers. Following customer feedback and constructive discussions with intervening parties over the last several months, this plan keeps our customers at the forefront and supports CenterPoint's ultimate goal of building the most resilient coastal grid in the country," said Jason Ryan, Executive Vice President of Regulatory Services and Government Affairs.

CenterPoint requested to temporarily withdraw its rate case in August to focus on the company's Greater Houston Resiliency Initiative in the aftermath of Hurricane Beryl. The company resumed talks in the fall and this settlement agreement reflects discussions with intervening parties. It also includes both an expected rate reduction for customers and a proposal for CenterPoint to reduce its overall revenue by approximately $50 million until the next rate case. Residential customer bills will be lower by approximately $0.82 a month. Small business customer bills will be lower by approximately $1.28 a month.​

Over the last decade, CenterPoint's rates have remained relatively flat on an average annual basis, well below annual inflation, which averaged around 2.8 percent during that timeframe. The portion of customers' electric bills that covers CenterPoint's system was just under $50 a decade ago, and it remains approximately $50 today. In 2024, CenterPoint's rates were the lowest among its peer utilities in Texas.

Investing in the Greater Houston Area's Electric Grid
CenterPoint's 2024 rate case is intended to support the capital investments that the company has made to expand and improve the Greater Houston area's electric system. To help meet the region's growing electric demand, CenterPoint has invested approximately $8 billion in its grid since the most recent rate case in 2019. Among these investments were: 

  • Installing nearly 2,200 miles of new distribution lines and more than 100 miles of new transmission lines to meet the needs of a strong economy;
  • Constructing six new distribution substations and two new transmission substations to support regional growth and increased load needs;
  • Interconnections for 25 new generation resources for the grid;
  • Elevating 11 substations to aid in flood mitigation and improve the resiliency of CenterPoint Energy's system; and
  • Installing 437 Intelligent Grid Switching Devices to help prevent and reduce sustained outages, resulting in more than 80 million minutes of customer outages avoided in 2023.

These investments preceded the actions that CenterPoint has taken to strengthen the grid, improve communications and expand local and emergency partnerships as part of the Greater Houston Resiliency Initiative launched in August 2024. For more information about CenterPoint Energy's electric rates and investments in the Greater Houston area grid, please visit CenterPointEnergy.com/FactsMatter.

CenterPoint's proposal to help ERCOT would also help reduce customer bills
In December 2024, CenterPoint Energy proposed a unique solution to help mitigate the Electric Reliability Council of Texas's (ERCOT) regional energy shortfall in Central Texas which is projected to begin in the summer 2025 while also lowering Greater Houston-area electric customer bills. CenterPoint's proposal would send all 15 large emergency generation units to the San Antonio region for two years starting in Spring 2025. During that time, the company would make no revenue or profit off the proposal to help ERCOT and the State. Greater Houston Area electric customer bills would be reduced around that same time. This proposal is subject to ERCOT board approval.

To be clear, CenterPoint would receive no revenue or profit from ERCOT for the time period after the units are in San Antonio being dispatched by ERCOT. CenterPoint would also not charge Houston-area customers for costs associated with these units after the time period when they are in San Antonio being dispatched by ERCOT. 

The combination of rate case revenue reduction and other financial commitments, including some 2024 foregone storm recovery costs, would roughly equal the same amount that has been billed to CenterPoint customers for the temporary generation costs since 2021.

The company would make no revenue or profit off of the temporary emergency generator proposal to help ERCOT and State of Texas which would have otherwise been paid by all customers across the state including CenterPoint customers.

CenterPoint's Role in the Texas Electricity Market

CenterPoint is an electric transmission and distribution company in the Texas market. The Company does not own any power plants in the state; does not generate any electricity in the state; and does not purchase electricity on behalf of customers in Texas. It also does not have any electric customers in Texas outside the 12-county Greater Houston area.

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," "would" or other similar words are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding expected annual revenue decreases and future bill impacts, 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. Important factors that could cause actual results to differ materially from those indicated by the provided forward-looking information include risks and uncertainties relating to: (1) the impact of pandemics, including the COVID-19 pandemic; (2) financial market conditions; (3) general economic conditions; (4) the timing and impact of future regulatory and legislative decisions; 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 Reports 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.​

 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​