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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 (NYSE: CNP) has announced a public offering of $250 million in common stock.
The proceeds from this offering will be used for general corporate purposes, including the repayment of a portion of outstanding commercial paper, which was initially utilized for general corporate purposes and working capital.
Barclays Capital Inc. and Citigroup are the joint book-running managers and underwriters for this offering. The offering is conducted through CenterPoint Energy’s effective shelf registration statement on Form S-3 previously filed with the SEC.
The offering will be made only via a prospectus and related prospectus supplement compliant with Section 10 of the Securities Act of 1933. Copies can be obtained from the SEC's website or directly from Barclays Capital Inc. and Citigroup. CenterPoint Energy's common stock is listed under the symbol CNP on the New York Stock Exchange and NYSE Chicago.
CenterPoint Energy (NYSE: CNP) reported Q2 2024 earnings and reaffirmed its 2024 guidance. The company earned $228 million (GAAP) and $234 million (non-GAAP), both equating to $0.36 per diluted share. CenterPoint also unveiled its Hurricane Beryl Action Plan, focusing on three key areas: Resiliency Investments, Best-in-Class Customer Communications, and Strengthened Partnerships. The plan aims to improve emergency preparedness, response, and customer communications. Initiatives include accelerating grid hardening, doubling vegetation management crews, launching a new outage tracker, and hiring an emergency response leader.
CenterPoint Energy, the only investor-owned electric and gas utility based in Texas, will host a webcast for its Q2 2024 earnings conference call on July 30, 2024, at 7:00 a.m. Central time (8:00 a.m. Eastern time). The webcast can be accessed through the company's investor relations website. Serving over 7 million metered customers across six states with electric transmission, distribution, power generation, and natural gas operations, CenterPoint Energy manages approximately $40 billion in assets as of March 31, 2024, and employs around 9,000 people. The company has a history spanning more than 150 years.
CenterPoint Energy, Inc. (CNP) reported strong Q1 2024 results with earnings of $0.55 per diluted share on a GAAP basis and a 10% increase in non-GAAP EPS compared to Q1 2023. The company announced the filing of Houston Electric's first Texas System Resiliency Plan with potential capital investment of $500 million. CenterPoint reiterated its 2024 non-GAAP EPS guidance range of $1.61-$1.63, showing 8% growth over 2023 and maintaining a growth target of 6%-8% until 2030.
CenterPoint Energy, Inc. (NYSE: CNP) disclosed the outcomes of the 2024 annual shareholder gathering, where proposals concerning board member elections, auditing firm ratification, and executive compensation were approved.
CenterPoint Energy, Inc. (NYSE: CNP) announced a regular quarterly cash dividend of $0.2000 per share for its Common Stock. The dividend is payable on June 13, 2024, to shareholders of record as of May 16, 2024.
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