CenterPoint Energy refinances credit facilities totaling $2.5Bn
2016-03-04T06:00:00Z

Houston – March 4, 2016 - CenterPoint Energy, Inc. (NYSE: CNP) announced today that it has refinanced its existing $2.1 billion revolving bank credit facilities, which would have expired in 2019, with new revolving bank credit facilities totaling an aggregate $2.5 billion for the parent and its wholly-owned subsidiaries, CenterPoint Energy Houston Electric, LLC (CEHE) and CenterPoint Energy Resources Corp. (CERC).

The credit agreements evidencing the new revolving bank credit facilities provide for five-year senior unsecured revolving credit facilities in an aggregate amount of $1.6 billion for the parent, $300 million for CEHE and $600 million for CERC.  These revolving credit facilities may be drawn on by the companies from time to time to provide funds used for general corporate purposes and to backstop the companies’ commercial paper programs. The facilities may also be utilized to obtain letters of credit. 

The new credit agreements were coordinated by J.P. Morgan Securities LLC, Mizuho Bank, Ltd., Wells Fargo Securities, LLC, which, together with Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc., The Bank of Tokyo-Mitsubishi UFJ, Ltd. and The Royal Bank of Canada, also served as joint lead arrangers for the facilities. Serving as administrative agents are J.P. Morgan Chase Bank, N.A. for the parent facility, Mizuho Bank, Ltd. for the CEHE facility, and Wells Fargo Bank, National Association for the CERC facility.

CenterPoint Energy, Inc., headquartered in Houston, Texas, is a domestic energy delivery company that includes electric transmission & distribution, natural gas distribution and energy services operations. The company serves more than five million metered customers primarily in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma, and Texas. The company also owns a 55.4 percent limited partner interest in Enable Midstream Partners, a publicly traded master limited partnership it jointly controls with OGE Energy Corp., which owns, operates and develops natural gas and crude oil infrastructure assets. With approximately 7,500 employees, CenterPoint Energy and its predecessor companies have been in business for more than 140 years. For more information, visit the website at CenterPointEnergy.com.

This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual events and results may differ materially from those expressed or implied by these forward-looking statements. The statements in this news release regarding future events and 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 the release.

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CenterPoint Energy declares third quarter common stock dividend of $0.2775 and Series B Preferred Stock dividend of $11.6667

Houston – Oct. 23, 2018 – CenterPoint Energy, Inc.'s (NYSE: CNP) board of directors today declared dividends on shares of its common stock and Series B Mandatory Convertible Preferred Stock for the third quarter of 2018.

Common Stock Dividend

The company's board of directors declared a regular quarterly cash dividend of $0.2775 per share of common stock payable on Dec. 13, 2018, to shareholders of record as of the close of business on Nov. 15, 2018.

Series B Preferred Stock Dividend

The company's board of directors declared a regular quarterly cash dividend of $11.6667 per share on its 7.00% Series B Mandatory Convertible Preferred Stock payable on Dec. 1, 2018, to shareholders of record as of the close of business on Nov. 15, 2018. This equates to $0.5833 per depositary share (NYSE: CNPPRB), each of which represents a 1/20th interest in a share of the Series B Mandatory Convertible Preferred Stock.

CenterPoint Energy, Inc., headquartered in Houston, Texas, is a domestic energy delivery company that includes electric transmission & distribution, natural gas distribution and energy services operations. The company serves more than five million metered customers primarily in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma and Texas. The company also owns 54.0 percent of the common units representing limited partner interests in Enable Midstream Partners, a publicly traded master limited partnership it jointly controls with OGE Energy Corp. Enable Midstream Partners owns, operates and develops natural gas and crude oil infrastructure assets. With more than 8,000 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, please visit www.CenterPointEnergy.com.

CenterPoint Energy celebrates ENERGY STAR Day

Houston – Oct. 23, 2018 – Today, on ENERGY STAR Day, CenterPoint Energy celebrates its continued commitment to assist customers in reducing energy usage through several energy efficiency and incentive programs to customers, including the High Efficiency Homes (HEH) Program for new homes and Agencies in Action (AIA) Program for income-eligible homes.

  • Agencies in Action: CenterPoint Energy partners with area community agencies and non-profits by providing whole-house energy efficiency upgrades.
  • Hard to Reach: Pays higher incentives to contractors and service companies for the installation of energy efficiency retrofit projects for the homes of income qualified customers.
  • Multi-family Direct Install: Installs energy-efficient lighting and other measures at no cost to the tenant, property owner or developer.
  • Affordable Single Family: Pays incentives for nonprofits who build new ENERGY STAR homes for lower-income families.
  • Hard to Reach Water and Space Heating: Pays incentives to developers for water heating above federal efficiency standards.  

The total greenhouse gas emission reduction produced from the kilowatt hours of 6,638,571 saved by the programs is equivalent to more than 12 million miles driven by an average passenger vehicle or enough electricity to support an additional 533 homes for one year.

"We're proud to celebrate ENERGY STAR Day and help our customers save money," said Daniel Dippon, director of Electric Energy Efficiency and Business Development for CenterPoint Energy. "Our single-family residential programs help customers reduce energy usage through energy-efficient measures in both new and existing homes in our service territory."

This year, CenterPoint Energy received the 2018 ENERGY STAR® Partner of the Year Sustained Excellence Award for the 13th straight year – the longest consecutive winner of any electric utility. This award recognized CenterPoint Energy's continued leadership and superior contributions to ENERGY STAR through its HEH Program.

The HEH Program promotes the construction and certification of high efficiency homes that achieve the ENERGY STAR label as well as other high-performance homes. This voluntary program provides financial incentives and other types of assistance to production and custom homebuilders who commit to construct energy-efficient homes within the CenterPoint Energy electric service territory. In 2017, CenterPoint Energy's HEH Program incentivized 3,100 ENERGY STAR homes, which reduced electricity load and consumption by 4.6 megawatts and 14,466 megawatt hours, reducing equivalent emissions of 1,162 homes' electricity usage for one year. Since 2001, CenterPoint Energy's HEH Program has incentivized 104,000 ENERGY STAR certified homes.

The AIA Program promotes weatherization of existing income-eligible houses for homeowners who under most circumstances are energy inefficient due to a lack of financial resources. CenterPoint Energy assists these homeowners by implementing several energy efficient measures at no charge that generate energy savings while reducing energy bills for these homeowners. In 2017, CenterPoint Energy's AIA Program supported more than 200 qualified homes with new heating, ventilation and air conditioning (HVAC) systems, ENERGY STAR refrigerators, attic and wall insulation, efficient light-emitting diode (LED) light bulbs, and water savings measures, which reduced electricity load and consumption by 155 kilowatts and 221,650 kilowatt hours. Since 2001, CenterPoint Energy's AIA Program has incentivized more than 3,400 qualified low-income homes.

For more information, please visit the Energy Efficiency Programs page on CenterPoint Energy's website.

CenterPoint Energy linemen head east to help with aftermath of Hurricane Michael

Houston – Oct. 10, 2018 – This morning, more than 100 CenterPoint Energy linemen, contractors and support personnel departed for Florida to assist Gulf Power with anticipated power outages resulting from Hurricane Michael.

Crews are expected to arrive to their destination on Thursday and will work 12- to 16-hour days restoring power. "Our thoughts are with those in the path of Hurricane Michael," said Steve Greenley, vice president of Distribution Operations for CenterPoint Energy. "Once the storm has passed, our dedicated team will work to restore service as safely and quickly as possible."

CenterPoint Energy is also sending transmission crews to help with repairs. "Our transmission crews will help repair high-voltage power lines so electricity can be distributed to homes and businesses in the impacted areas," said Martin Narendorf, vice president of High Voltage Operations for CenterPoint Energy.

CenterPoint Energy is part of electric utility mutual assistance programs which provide access to thousands of linemen and tree trimmers from around the country to lend a hand during widespread power outage emergencies. Over the years, CenterPoint Energy crews have restored power to hundreds of thousands of customers throughout the country who were left in the dark following hurricanes, ice storms, tornadoes and severe thunderstorms.

For updates, follow CenterPoint Energy on Facebook and Twitter.

CenterPoint Energy provides important flood safety tips

Minneapolis – Oct. 09, 2018 – With flooding expected in parts of Minnesota, CenterPoint Energy reminds residents of some important natural gas safety tips.

Before a flood:

  • Do not turn off natural gas at the meter. The gas meter should be left on to maintain proper pressure in the gas piping within the house and to prevent water from entering the lines should flooding occur.
  • If a customer wishes to discontinue gas service, the gas should be turned off at each appliance.

After a flood:

  • If your home was flooded and your natural gas meter was underwater, call CenterPoint Energy to schedule an inspection. The meter may need to be replaced.
  • Have flooded appliances inspected by a qualified technician, like HSP before operating the equipment.  This includes outdoor gas appliances such as pool heaters, gas grills and gaslights.
  • If your home did not flood and your natural gas is turned off at the meter, call CenterPoint Energy to reconnect service.
    • Be alert for leaking gas as you return to your home or business. If you smell gas, leave the area immediately on foot and tell others to do the same.
    • Do not turn the lights on or off, smoke, strike a match, use a cell phone or operate anything that may cause a spark, including a flashlight or driving your car.
    • Do not attempt to turn natural gas valves on or off.
    • Once safely away from the area, call the 24 hours emergency gas leak hot line number 1-800-296-9815 and 911 to report the location and description of the leak.

CenterPoint Energy, Inc., headquartered in Houston, Texas, is a domestic energy delivery company that includes electric transmission & distribution, natural gas distribution and energy services operations. The company serves more than five million metered customers primarily in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma, and Texas. The company also owns 54.0 percent of the common units representing limited partner interests in Enable Midstream Partners, LP, a publicly traded master limited partnership it jointly controls with OGE Energy Corp. Enable Midstream Partners, LP owns, operates and develops natural gas and crude oil infrastructure assets. With more than 8,000 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. The utility also operates a non-regulated business in Minnesota called Home Service Plus®.  For more information, please visit CenterPointEnergy.com.

Call CenterPoint Energy now for Cold Weather Rule protection

Minneapolis – Oct. 08, 2018 – CenterPoint Energy is reminding customers about certain rights and their responsibilities as it relates to the Cold Weather Rule (CWR). The CWR protects residential customers who are experiencing difficulty paying their natural gas bill from having their natural gas service disconnected between Oct. 15, 2018 and April 15, 2019.

While the CWR does not prevent customers from being disconnected for nonpayment, it does provide customers with extra protection as defined in the CWR. However, residential customers must contact CenterPoint Energy to set up a payment plan.

"The Minnesota Cold Weather Rule isn't just for customers who may have trouble paying their natural gas bill during cold winter months," said Brad Tutunjian, vice president of CenterPoint Energy Gas Operations in Minnesota.  "It is also there for customers whose service is currently disconnected.  If you are a customer in this position, I urge you to call us now to set up a payment plan under the rule. We can work together to create a payment plan so that you get service throughout the heating season."

Customers who anticipate having trouble paying their entire natural gas bill, have received a Notice of Proposed Disconnection, or need gas service reconnected are all urged to call CenterPoint Energy to establish a payment plan. A payment plan will include what is owed and the amount to be billed. The plan will also take into consideration a customer's financial situation and any other special circumstances. The plan must be agreeable to both the customer and CenterPoint Energy. If an agreed-upon payment plan cannot be reached, customers have a right to appeal under the CWR.

Under the CWR, special payment terms are available to customers who:

  • Apply for and receive Low Income Home Energy Assistance Program (LIHEAP) funding assistance in Minnesota; or
  • Meet income guidelines set by the state of Minnesota and provide proof of income.

Other helpful information:

  • In addition to calling CenterPoint Energy to discuss and establish a payment plan, company representatives are available to refer customers to social service agencies who may have energy assistance funds;
  • Customers interested in helping others pay their natural gas bill can support the Salvation Army's HeatShare program. Visit The Salvation Army's website to make a donation.

Call CenterPoint Energy to set up a payment plan at 1-612-372-4680 or 1-800-729-6164. For additional information, please visit CenterPointEnergy.com/ReadyForWinter.

 

CenterPoint Energy, Inc., headquartered in Houston, Texas, is a domestic energy delivery company that includes electric transmission & distribution, natural gas distribution and energy services operations. The company serves more than five million metered customers primarily in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma, and Texas. The company also owns 54.0 percent of the common units representing limited partner interests in Enable Midstream Partners, LP, a publicly traded master limited partnership it jointly controls with OGE Energy Corp. Enable Midstream Partners, LP owns, operates and develops natural gas and crude oil infrastructure assets. With more than 8,000 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. The utility also operates a non-regulated business in Minnesota called Home Service Plus®.  For more information, please visit CenterPointEnergy.com.