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) 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.
CenterPoint Energy is actively preparing for severe cold weather expected to impact its service territories in Texas, Louisiana, Mississippi, Indiana, and Ohio. The company has implemented comprehensive winter readiness measures across its electric and natural gas infrastructure, including:
- Inspection of 270 substations and critical equipment
- Installation of heaters and ice prevention devices
- Maintenance of freeze protection equipment
- Emergency training for operational personnel
- Positioning of Compressed Natural Gas trucks for system support
In Indiana, forecasts predict significant ice accumulation that could affect power lines. The company has submitted winter readiness declarations to ERCOT and the Railroad Commission of Texas, demonstrating compliance with regulatory requirements adopted in 2021. CenterPoint has also launched a Winter Energy Guide online resource hub and encourages electric customers to enroll in Power Alert Service® for outage updates.
CenterPoint Energy (CNP) has released a comprehensive New Year's resolution checklist for 2025, focusing on energy efficiency, bill management, and safety measures. The company outlines several initiatives including energy-saving programs, ENERGY STAR® LED adoption, and appliance rebates. The checklist emphasizes smart home solutions like thermostats and weatherization tips.
The company also promotes various billing solutions including payment plans for customers facing financial hardship, paperless billing, and Budget Billing to manage seasonal cost fluctuations. Safety recommendations include proper space heater usage, regular detector maintenance, carbon monoxide awareness, and natural gas leak protocols.
CenterPoint Energy (CNP) has proposed a solution to address ERCOT's projected electricity supply shortfall in the San Antonio region starting summer 2025. The company plans to relocate 15 large emergency generation units (27mW-32mW each) to San Antonio, potentially providing up to 450mW of power to help offset an expected 800-megawatt shortfall caused by the retirement of three gas-fired units.
The units would remain in Houston through winter 2024-2025 before being transported to San Antonio in early 2025 for approximately two years of service. CNP will not generate revenue or profit from this arrangement and plans to reduce Greater Houston-area customer bills starting Spring 2025. After the service period, CNP intends to market these units, citing strong demand from AI and data center growth.
CenterPoint Energy (NYSE: CNP) announced key leadership changes effective January 1, 2025. Richard C. Leger has been appointed Senior Vice President of the company's multi-state Gas business, following his interim role since July 2024. Bertha Villatoro has been elevated to Senior Vice President and Chief Human Resources Officer.
Current Executive VP and CHRO Lynne Harkel-Rumford will retire on February 3, 2024, after a 25-year career with the company. Leger will oversee operations serving 4.2 million customers across six states, while Villatoro will manage talent development, compensation, benefits, labor relations, and organizational development.
CenterPoint Energy (NYSE: CNP) has appointed Dean Seavers to its Board of Directors, effective December 31, 2024. Seavers, the former President of National Grid U.S. and Executive Director of National Grid's parent company, brings extensive utility industry experience to the role. He currently serves as a Senior Advisor for Stifel Financial and will fill a Board vacancy, standing for election at the 2025 annual shareholders meeting.
Seavers' background includes founding and serving as CEO of Red Hawk Fire & Security, leading GE Security, and serving as President of Global Services at UTC's Fire & Security business. He currently serves on the boards of Albemarle Corp., Ametek Inc., and Vine Hill Capital Investment Corp.
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