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) delivers electricity and natural gas to 7 million customers across six states through its resilient energy networks. This dedicated news portal provides stakeholders with unfiltered access to official announcements, including grid modernization progress, regulatory decisions, and infrastructure investment updates.
Investors and industry observers will find essential communications about rate case resolutions, weather resilience initiatives like the Systemwide Resiliency Plan, and strategic partnerships advancing predictive grid technologies. The repository consolidates earnings releases, merger disclosures, and sustainability program launches for efficient tracking of operational developments.
Bookmark this page to monitor CNP's execution of its $40 billion capital plan through 2030, including undergrounding projects and smart grid deployments. Stay informed about critical energy delivery updates from America's largest metropolitan transmission and distribution system operator.
CenterPoint Energy, Inc. (NYSE: CNP) is set to hold its First Quarter 2021 Earnings Conference Call on May 6, 2021, at 7:00 a.m. Central time. The company provides electric transmission and distribution, power generation, and natural gas distribution services to over 7 million customers across several states. As of December 31, 2020, CenterPoint owned approximately $33 billion in assets, along with a 53.7% stake in Enable Midstream Partners, LP. The company has a rich operational history spanning more than 150 years.
CenterPoint Energy Resources Corp. (CERC), a subsidiary of CenterPoint Energy (NYSE: CNP), has successfully closed a $1.7 billion offering of senior notes. This comprises $1 billion in floating rate senior notes and $700 million in 0.70% senior notes, both due in 2023. The net proceeds will be allocated for general corporate purposes, including working capital. J.P. Morgan, MUFG, US Bancorp, and Wells Fargo Securities acted as joint bookrunners for the offering.
CenterPoint Energy reported fourth quarter 2020 earnings of $0.27 per diluted share, up from $0.25 in Q4 2019. However, full-year 2020 results showed a loss of $949 million, or $1.79 per diluted share, compared to a profit of $674 million in 2019. The decline was influenced by non-cash impairment charges of $1.27 billion. The company secured $1.7 billion in financing to manage liquidity after a damaging winter storm. CenterPoint is raising 2021 Utility EPS guidance to $1.24 - $1.26, emphasizing a shift towards a fully regulated business model.
CenterPoint Energy (CNP) has announced its intentions to acquire a 300-megawatt solar array in Indiana, seeking regulatory approval from the Indiana Utility Regulatory Commission (IURC). This initiative is a part of its long-term plan for electric generation transition, aiming to add an additional 100 MW through a power purchase agreement. The combined 400 MW solar capacity is projected to reduce operational emissions by 70% by 2035, generating enough power for over 50,000 homes. A decision from the IURC is anticipated in late 2021 or early 2022, with construction potentially creating 250 jobs and contributing $47.8 million to local economies.
A lawsuit has been filed against ERCOT and CenterPoint Energy (CNP) following the death of a 95-year-old Houston man, Doyle Aron Austin, during a winter storm-related blackout. The lawsuit, initiated by Austin's family, claims the companies neglected infrastructure and failed to prepare for the storm, despite accurate weather predictions. As temperatures plummeted, Austin succumbed to the cold after more than two days without electricity or gas. The lawsuit seeks accountability for the companies' actions during this public health emergency, which disproportionately affected low-income areas.
CenterPoint Energy, Inc. (NYSE: CNP) has appointed Wendy Montoya Cloonan to its Board of Directors, effective immediately. With over a decade of experience in public finance and law, Wendy recently established her own law firm. She has held significant roles, including Commissioner of the Port of Houston Authority. Executive Chairman Milton Carroll noted Wendy's legal and civic expertise as vital for the company's long-term growth strategy. CenterPoint Energy serves more than 7 million customers across multiple states, boasting assets worth approximately $33 billion.
CenterPoint Energy, Inc. (NYSE: CNP) announced its support for the merger between Enable Midstream Partners, LP and Energy Transfer LP. CenterPoint will exchange its 53.7% investment in Enable for Energy Transfer common units at a ratio of 0.8595x, alongside receiving $5 million in cash and approximately $385 million in Energy Transfer preferred units. This move aligns with CenterPoint's strategy to minimize midstream exposure and enhance its regulated utility operations, projecting utility EPS growth of 6%-8%. Total transaction expenses are expected to be $45 million, including a $30 million payment to OGE.
CenterPoint Energy (NYSE: CNP) announced two key senior finance appointments aimed at strengthening its leadership team and advancing its long-term growth strategy. Stacey Peterson will serve as Senior Vice President, Financial Planning & Treasurer, effective January 11, overseeing financial risk and a five-year capital investment plan exceeding $16 billion. Philip Holder will be Senior Vice President, Strategic Planning & Investor Relations, effective January 25, focusing on corporate strategy and investor communications. These appointments signal the company's commitment to enhancing value for customers and shareholders.
CenterPoint Energy (NYSE: CNP) announced a regular quarterly cash dividend of $0.1600 per share on its Common Stock, reflecting a 6.7% increase from the previous dividend of $0.1500. This dividend will be payable on March 11, 2021, to stockholders of record as of February 18, 2021. Additionally, a semiannual dividend of $30.6250 for Series A Preferred Stock and a quarterly dividend of $17.5000 for Series B Preferred Stock were declared, both payable on March 1, 2021, to respective holders recorded as of February 15, 2021.
