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 (NYSE: CNP) has announced its regular quarterly dividend declaration. The company's Board of Directors has approved a cash dividend of $0.2200 per share on its Common Stock. The dividend will be paid on June 12, 2025, to shareholders who are recorded as holders at the close of business on May 15, 2025.
CenterPoint Energy (CNP) has completed approximately 70% of its Greater Houston Resiliency Initiative (GHRI) Phase Two, with all actions expected to be finished before the 2025 hurricane season. In just seven months, the company has achieved significant milestones including:
- 350 miles of targeted power line undergrounding (85% of 400-mile goal)
- Installation of 17,500+ storm-resilient poles
- Clearing of 2,900+ miles of high-risk vegetation
- Deployment of 3,380+ automated reliability devices
The initiative aims to reduce customer outages by more than 125 million minutes annually. Upcoming projects include completing the remaining underground power lines and installing 100 new weather monitoring stations across Greater Houston by June 1, 2025, to enhance storm preparation and situational awareness.
CenterPoint Energy (CNP) has proposed a plan to reduce costs for Houston Electric customers while enhancing Texas' power reliability. The proposal includes removing emergency temporary generation costs from monthly bills, potentially saving residential customers up to $2 per month by 2027.
The plan involves relocating 15 large emergency generation units to the San Antonio area by Summer 2025. These units, each capable of powering approximately 30,000 homes, were initially acquired after Winter Storm Uri in 2021. The Electric Reliability Council of Texas (ERCOT) Board has unanimously approved moving forward with this plan.
Key aspects include:
- Immediate reduction in Houston Electric customer bills
- Transfer of generation units to support Texas' energy needs
- CenterPoint will forgo revenue and profit from the 15 units for up to two years
CenterPoint Energy (NYSE: CNP) has announced its upcoming first quarter 2025 earnings conference call, scheduled for April 24, 2025, at 7:00 a.m. Central time (8:00 a.m. Eastern time). The webcast will be accessible through the company's investor relations website.
CenterPoint Energy is the only investor-owned electric and gas utility based in Texas, serving approximately 7 million metered customers across Indiana, Minnesota, Ohio, and Texas. The company manages $44 billion in assets as of December 31, 2024, and employs around 8,500 people. The company's operations encompass electric transmission and distribution, power generation, and natural gas distribution.
CenterPoint Energy (NYSE: CNP) has completed the sale of its natural gas distribution utilities in Louisiana and Mississippi to Bernhard Capital Partners affiliates. The sold assets comprise approximately 12,000 miles of main pipeline serving about 380,000 metered customers.
The transaction received all necessary federal and state regulatory approvals, including Hart-Scott-Rodino antitrust clearance and approvals from Louisiana and Mississippi Public Service Commissions. Delta Utilities, based in New Orleans, will take over operations and customer service responsibilities in these jurisdictions.
According to CEO Jason Wells, the sales proceeds will help fund the company's long-term growth plans, focusing on safety, reliability, and resiliency investments for customers and communities.
Osmose and Neara have announced a strategic partnership to enhance utility infrastructure assessment and grid strengthening capabilities, with CenterPoint Energy among the first utilities to implement their combined solution. The partnership integrates Osmose's field-based asset assessment and restoration expertise with Neara's AI-powered predictive modeling platform.
The collaboration addresses key challenges in utility infrastructure management by enhancing data accuracy through field verification and AI processing, improving risk-based decision-making, and optimizing restoration strategies. The partnership promises significant benefits including:
- Up to 70% cost savings through asset reinforcement versus replacement
- Up to 80% faster restoration times
- 25% more accurate asset prioritization
CenterPoint Energy is utilizing these tools to enhance storm preparedness and network reliability as part of its mission to build the most resilient coastal grid in the nation.
CenterPoint Energy (CNP) has successfully managed potential fire weather risks in the Greater Houston region, with 99% of customers experiencing no outages during a National Weather Service Red Flag Warning period. The company implemented several preventive measures including:
- Pre-inspections of electric and natural gas equipment
- Vegetation clearing near power lines and facilities
- Adjustment of power line safety settings in high-risk areas
- Deployment of additional response crews
- Proactive communication with approximately 330,000 customers in the Cypress, Fort Bend and Katy areas
The company has now returned to normal operations as weather conditions have improved. CenterPoint encourages customers to enroll in their Power Alert Service® for future weather-related updates and service notifications.
CenterPoint Energy (CNP) is implementing precautionary measures to address elevated wildfire risks in the Greater Houston area during a Red Flag Warning from noon to 9 p.m. on March 15, 2025. The company has mobilized approximately 1,000 line and vegetation workers to respond to potential emergencies.
Key actions include inspecting power lines and natural gas facilities, clearing hazardous vegetation, adjusting power line safety settings in high-risk areas, and proactively communicating with 330,000 customers in the Cypress, Fort Bend, and Katy areas about possible temporary safety outages. The company has enhanced its emergency response capabilities and is coordinating with local emergency partners.
Customers are encouraged to enroll in the Power Alert Service® for real-time updates and can track outages through CenterPoint's improved cloud-based Outage Tracker, available in English and Spanish.
CenterPoint Energy (CNP) is actively preparing for potential wildfire risks as the National Weather Service issued a Fire Weather Watch for large portions of Texas, including the Greater Houston area, effective Saturday from noon to 9 p.m. The alert warns of strong winds, dry conditions, and low humidity.
The company is implementing several preventive measures including:
- Pre-inspecting and hardening power lines
- Adjusting power line safety settings
- Clearing hazardous vegetation
- Positioning additional crews for rapid response
- Coordinating with local emergency agencies
CenterPoint will notify customers in the Cypress, Fort Bend, and Katy areas about possible temporary safety outages through their Power Alert Service. The company emphasizes its commitment to restore power safely and quickly if outages occur during these extreme weather conditions.
CenterPoint Energy (CNP) has achieved over 50% completion of its Phase Two Greater Houston Resiliency Initiative (GHRI) critical actions ahead of the 2025 hurricane season. Key accomplishments include:
- Installation of 14,200+ stronger, storm-resilient poles
- Clearing of 2,200+ miles of high-risk vegetation
- Implementation of 2,170+ automated reliability devices
- Undergrounding of 280+ miles of power lines
The initiative, launched in September 2024, aims to strengthen grid resiliency and is expected to reduce outages by over 125 million minutes annually. The company is also installing 100 new weather monitoring stations across Greater Houston, with completion scheduled before June 1, 2025.
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