Welcome to our dedicated page for CenterPoint Energy news (Ticker: CNP), a resource for investors and traders seeking the latest updates and insights on CenterPoint Energy stock.
CenterPoint Energy, Inc. (NYSE: CNP), headquartered in Houston, Texas, is a leading domestic energy delivery company. With a robust history spanning over 140 years, the company has established itself as a cornerstone in the energy sector, serving more than five million metered customers across Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma, and Texas. CenterPoint Energy specializes in electric transmission and distribution, natural gas distribution, and energy services operations.
The company owns a 54.7% limited partner interest in Enable Midstream Partners, a publicly traded master limited partnership. This joint venture with OGE Energy Corp. focuses on owning, operating, and developing natural gas and crude oil infrastructure assets. CenterPoint Energy's regulated electric utilities provide essential services to over 2.5 million customers, primarily in the Houston area, southern Indiana, and west central Ohio. Its natural gas distribution systems cater to around 4 million customers, underscoring the company's expansive reach and critical role in energy delivery.
One of the company's recent notable achievements includes a cost-saving initiative for its Indiana electric customers. In June 2023, CenterPoint Energy launched a securitization pilot program, which gained approval from the Indiana Utility Regulatory Commission (IURC). This initiative aims to remove the remaining value of the A.B. Brown coal plant assets from customer rates, resulting in a total estimated savings of $53 million. The program benefits all Indiana electric customer classes, with residential customers expected to see a nearly $5 bill credit per month.
As part of its long-term electric generation transition plan, CenterPoint Energy will retire the A.B. Brown coal units 1 and 2 in October 2023. The company plans to reinvest the proceeds from the securitization bonds into renewable energy resources, including wind- and solar-powered generation, supported by natural gas generation to ensure reliability. This transition aligns with CenterPoint Energy's commitment to delivering clean and reliable energy while prioritizing customer savings.
CenterPoint Energy's forward-looking strategies are geared toward maintaining a balance between innovation and customer value. The company's emphasis on renewable energy and cost-effective financing solutions demonstrates its dedication to sustainability and fiscal responsibility.
With a workforce of over 8,500 employees, CenterPoint Energy continues to uphold its legacy of service and reliability. For more detailed information, visit the company's website at www.centerpointenergy.com.
CenterPoint Energy (CNP) successfully maintained power for over 99% of its Greater Houston area customers during Winter Storm Enzo, demonstrating strong operational resilience. The company mobilized approximately 3,000 frontline electric workers, including 1,200 mutual aid workers who were later released as conditions improved.
Key actions included deploying four temporary generation units to local warming centers, conducting outreach to critical care customers, and maintaining consistent customer communication through multiple channels. As of noon, the company deactivated its Emergency Operations Center and returned to normal operations.
The company's preparedness measures and quick response to scattered outages across its 12-county service area helped minimize storm impacts. CenterPoint continues to provide customers access to its Power Alert Service® and cloud-based Outage Tracker for real-time updates and service information.
CenterPoint Energy (CNP) reports successful management of Winter Storm Enzo's impact across its Texas service area, with more than 99.9% of customers maintaining power as of 9 p.m. Tuesday. The company has restored service to approximately 28,500 customers since midnight and mobilized about 3,000 frontline workers, including local crews, contractors, and mutual aid personnel.
The company has implemented several key response measures, including deploying four temporary generation units to local warming centers, conducting outreach to critical care customers, and coordinating with government officials. Despite the storm's exit, sub-freezing temperatures are expected to persist overnight, and crews continue to address scattered outages and prepare for potential impacts from the deep freeze.
CenterPoint Energy (CNP) reported that 99.9% of its Greater Houston area customers maintain power service despite the ongoing Winter Storm Enzo. The company has restored power to approximately 18,700 customers since the storm began, with only 2,800 customers currently experiencing outages. Around 3,000 personnel, including 1,200 mutual aid workers, are actively responding to scattered outages across the 12-county service area.
The company has deployed four temporary generation units to local warming centers and maintains its Emergency Operations Center activation. CenterPoint is coordinating with state and local emergency partners while serving its 2.8 million customers. The National Weather Service's Winter Storm Warning remains in effect through 6 p.m. today, with an Extreme Cold Watch following until Wednesday morning.
CenterPoint Energy (CNP) is preparing for Winter Storm Enzo, expected to impact the Greater Houston area starting Monday evening. The company has secured 1,200 additional mutual aid workers and is setting up three staging sites to support potential restoration efforts.
The National Weather Service has upgraded to a Winter Storm Warning for Southeast Texas from 6 p.m. Monday through 6 p.m. Tuesday. ERCOT issued a Weather Watch from Monday to Wednesday due to extreme cold weather, though grid conditions are expected to remain normal.
The company has implemented its cold weather readiness plan, including infrastructure winterization across Texas and securing additional call center resources. CenterPoint serves 2.8 million electric customers and has established multiple communication channels, including their Storm Center and Power Alert Service®, to keep customers informed during the weather event.
CenterPoint Energy is preparing for a significant winter storm expected to hit the Greater Houston area starting Monday evening. The company has secured 1,200 additional mutual aid workers arriving Monday and is establishing three staging sites for potential restoration efforts. The National Weather Service has issued a Winter Storm Watch for Southeast Texas from 6:00 p.m. Monday through 6:00 p.m. Tuesday, with forecasts predicting freezing precipitation and accumulation.
ERCOT has issued a Weather Watch for January 20-23 due to expected extreme cold weather, higher electrical demand, and potential lower reserves. CenterPoint has implemented its cold weather readiness plan, including infrastructure winterization and coordination with emergency responders. The company has also launched its Winter Energy Guide, providing safety tips and resources for customers during the winter heating season.
CenterPoint Energy (CNP) is preparing for severe cold weather and potential icy conditions in the Greater Houston area during the MLK Jr. Holiday weekend. The company has secured 1,200 additional mutual aid workers, including 430 vegetation management workers and 750 line workers, to support potential restoration efforts.
ERCOT has issued a Weather Watch for January 20-23 due to expected extreme cold weather, higher electrical demand, and potential lower reserves, though grid conditions are currently expected to be normal. CenterPoint has implemented a cold weather action plan, including infrastructure winterization across Texas and coordination with emergency responders.
The company has launched its Winter Energy Guide, an online resource hub providing safety, energy savings, and bill management tips. CenterPoint emphasizes safety measures regarding downed power lines, portable generators, space heaters, and natural gas safety during winter conditions.
CenterPoint Energy (NYSE: CNP) has announced its Fourth Quarter & Full Year 2024 Earnings Conference Call, scheduled for January 16, 2025, at 7:00 a.m. Central time (8:00 a.m. Eastern time). The earnings webcast will be accessible through the company's investor relations website.
CenterPoint Energy is Texas's only investor-owned electric and gas utility, serving over 7 million metered customers across six states: Indiana, Louisiana, Minnesota, Mississippi, Ohio, and Texas. The company operates electric transmission and distribution, power generation, and natural gas distribution services. As of December 31, 2023, CenterPoint Energy held approximately $40 billion in assets and employed around 9,000 people.
CenterPoint Energy is implementing its cold weather readiness plan for the second major cold snap of 2025 expected to impact its Texas service territory over the holiday weekend. The company has completed pre-winter preparations and is actively monitoring weather forecasts through its Emergency Response and Meteorology teams.
Key preparedness actions include:
- Inspection of all 270 substations and critical equipment
- Installation of heaters and ice prevention devices
- Completion of approximately 3,500 miles of high-risk tree trimming since August 2024
- Deployment of cold weather mitigations across electric and gas infrastructure
The forecast indicates potential ice and snow accumulation in the Greater Houston area beginning on MLK Day. CenterPoint has submitted its annual winter readiness declarations to both ERCOT and the Railroad Commission of Texas, demonstrating compliance with regulatory requirements adopted in 2021.
CenterPoint Energy (CNP) has announced the launch of state-specific social media accounts on X (formerly Twitter) for Texas, Indiana, Ohio, and Minnesota, starting in 2025. This initiative aims to provide more tailored local content and information to customers across its multi-state service territory.
The new accounts will share state-specific updates on company news, energy industry issues, weather updates, energy efficiency tips, emergency response, and outage information. The accounts can be found as @CenterPoint_TX, @CenterPoint_IN, @CenterPoint_OH, and @CenterPoint_MN. The company will maintain geotargeting on Facebook and Nextdoor, while LinkedIn and Instagram remain enterprise-level channels.
Customers in Louisiana and Mississippi will continue using the main @CenterPoint account until the completion of the previously announced natural gas assets sale in Q1 2025.
CenterPoint Energy is actively preparing for severe winter weather conditions expected to impact Texas. Following Governor Abbott's emergency declaration, the company has completed its winter preparedness checklist and is coordinating with emergency responders across Texas.
The company has implemented comprehensive winter preparedness measures, including inspecting all 270 substations, installing heaters to prevent ice damage, and maintaining freeze protection equipment. CenterPoint has submitted winter readiness declarations to both ERCOT and the Railroad Commission of Texas, confirming compliance with regulatory requirements adopted in 2021.
For natural gas operations, CenterPoint has positioned Compressed Natural Gas trucks for system support and validated station cold weather settings. The company has launched its Winter Energy Guide, an online resource hub for customers, and improved its cloud-based Outage Tracker system, which now includes Spanish language support and provides updates every five minutes.
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