NYSE:CNP

CenterPoint Energy customers to receive savings from first-of-its-kind financing in Indiana

Retrieved on: 
Thursday, June 29, 2023
Senior, A. B. Brown, Centerpoint, COVID-19, Indiana Utility Regulatory Commission, Carbon, Electric Bond and Share Company v. Securities and Exchange Commission, CNP, Projection, CenterPoint Energy, Pandemic, Annual report, Weather, Environment, News, NYSE, Legislation, Renewable energy

Residential customers using approximately 900 kWh per month are expected to see a nearly $5 bill credit per month on their bills.

Key Points: 
  • Residential customers using approximately 900 kWh per month are expected to see a nearly $5 bill credit per month on their bills.
  • In 2021, legislation was passed in Indiana allowing for a securitization pilot program to benefit CenterPoint Energy's Indiana electric customers.
  • The company advocated for the opportunity to demonstrate how this tool could save customers money over traditional utility financing.
  • While CenterPoint Energy is the first utility to use securitization financing in Indiana, this is an established practice that has saved utility customers millions of dollars in nearly 30 states.

CenterPoint Energy proposes innovations to advance a cleaner energy future in Minnesota

Retrieved on: 
Thursday, June 29, 2023
Hydrogen, NGIA, Silent Scope 2, Carbon, Centerpoint, Oxygen, Electricity, RNG, PUC, Recycling, Minnesota Public Utilities Commission, CNP, RFP, CenterPoint Energy, Ontario Basic Income Pilot Project, Investment, Water, Natural gas, Heat, Weather, NYSE, Create, Farm, Renewable energy, Heating, ventilation, and air conditioning

CenterPoint Energy provides natural gas service to more than 910,000 residential, commercial and industrial customers in Minnesota.

Key Points: 
  • CenterPoint Energy provides natural gas service to more than 910,000 residential, commercial and industrial customers in Minnesota.
  • "Natural gas utilities continue to be indispensable to meeting Minnesota's energy needs," said Christe Singleton, CenterPoint Energy's Vice President, Minnesota Gas.
  • CenterPoint Energy would purchase RNG for its gas supply, reducing lifecycle greenhouse gas emissions attributed to the energy used by customers.
  • CenterPoint Energy is committed to a cleaner energy future by reducing carbon emissions, including a company-wide Net Zero goal by 2035 for Scope 1 and certain Scope 2 emissions.

CenterPoint Energy Reports Strong Q1 Earnings Results and Reiterates 2023 Guidance

Retrieved on: 
Thursday, April 27, 2023
Utilities, Energy, Transfer, Centerpoint, GAAP, LDC, Sale, CNP, CenterPoint Energy, Impairment (financial reporting), Investment, O&M, CFO, Growth, Weather, EPS, News, NYSE, Safety, Security (finance), Petroleum, Bank

Non-GAAP EPS for the first quarter 2023 was $0.50, or approximately a third of 2023 full-year guidance at the midpoint and represents a 6% increase over the first quarter 2022.

Key Points: 
  • Non-GAAP EPS for the first quarter 2023 was $0.50, or approximately a third of 2023 full-year guidance at the midpoint and represents a 6% increase over the first quarter 2022.
  • Given CenterPoint’s divestiture of its remaining midstream investments during 2022, CenterPoint will be presenting a consolidated non-GAAP EPS guidance range for 2023.
  • In addition to presenting its financial results in accordance with GAAP, including presentation of income (loss) available to common shareholders and diluted earnings (loss) per share, CenterPoint provides guidance based on non-GAAP income and non-GAAP diluted earnings per share.
  • To the extent actual results deviate from these assumptions, the 2023 non-GAAP EPS guidance range may not be met, or the projected annual non-GAAP EPS growth rate may change.

CenterPoint Energy continues shift from coal-fired generation; renewables complemented with natural gas-fired generation forge ahead as generation portfolio

Retrieved on: 
Wednesday, April 26, 2023
Integrated Resource Plan, Leger, Senior, Midcontinent Independent System Operator, COVID-19, Electricity, Season, Indiana Utility Regulatory Commission, Carbon, Electric Bond and Share Company v. Securities and Exchange Commission, CNP, Wind, Projection, Coal, IRP, CenterPoint Energy, Pandemic, Investment, Annual report, Natural gas, Weather, Security (finance), Environment, News, NYSE, MISO, Renewable energy

The IRP preferred portfolio was shared at CenterPoint Energy's fourth and final public stakeholder meeting, conducted as part of a year-long planning process involving extensive analysis and public input.

Key Points: 
  • The IRP preferred portfolio was shared at CenterPoint Energy's fourth and final public stakeholder meeting, conducted as part of a year-long planning process involving extensive analysis and public input.
  • By 2030, it is expected that more than 80% of CenterPoint Energy's electricity will be generated by solar and wind, with the remainder provided by natural gas.
  • CenterPoint Energy's IRP is conducted every three years and submitted to the Indiana Utility Regulatory Commission (IURC).
  • Modeling conducted within the IRP analysis points CenterPoint Energy toward the following goals:
    Converting F.B.

CenterPoint Energy reports 2023 annual shareholder meeting results

Retrieved on: 
Monday, April 24, 2023
CNP, CenterPoint Energy, NYSE, Management

HOUSTON, April 24, 2023 /PRNewswire/ -- CenterPoint Energy, Inc. (NYSE: CNP) announced the results of the voting by shareholders at its 2023 annual meeting.

Key Points: 
  • HOUSTON, April 24, 2023 /PRNewswire/ -- CenterPoint Energy, Inc. (NYSE: CNP) announced the results of the voting by shareholders at its 2023 annual meeting.
  • Shareholders approved the following proposals:
    The election of Wendy Montoya Cloonan, Earl M. Cummings, Christopher H. Franklin, David J. Lesar, Raquelle W. Lewis, Martin H. Nesbitt, Theodore F. Pound, Phillip R. Smith, and Barry T. Smitherman to serve on the company's Board of Directors for one-year terms;
    The ratification of the appointment of Deloitte & Touche LLP as the company's independent registered public accounting firm for 2023;
    An advisory resolution on the compensation paid to the company's named executive officers as disclosed in the proxy statement; and
    Holding future "say-on-pay" advisory votes on executive compensation on an annual basis.

Radisson Blu Mall of America Becomes First Hotel in the World with CarbinX™ Carbon Capture Unit to Reduce Greenhouse Gas Emissions

Retrieved on: 
Tuesday, March 28, 2023
Senior, Detergent, Natural gas, CHH, Projection, Pandemic, EIA, Choice Hotels, ESG, Heat, Environment, News, NYSE, Centerpoint, Risk, Soap, CenterPoint Energy, Security (finance), Social, Legislation, COVID-19, Carbon, Climate change, Annual report, Biophysical environment, Silent Scope 2, Electric Bond and Share Company v. Securities and Exchange Commission, Sale, CNP, Wind, Radisson Blu, Sumathi Best Television Current Reporting Award, Weather, CO2, Renewable energy

BLOOMINGTON, Minn., March 28, 2023 /PRNewswire/ -- Today CenterPoint Energy (NYSE: CNP) and Radisson Blu Mall of America, part of Choice Hotels International, Inc. (NYSE: CHH), announced the groundbreaking installation of a carbon-capture technology unit, CarbinX™, developed by CleanO2. This marks the first hotel in the world to use this innovative system that captures greenhouse gas emissions from heating equipment. The installation is part of a program by CenterPoint Energy, Minnesota's largest natural gas utility, to explore the potential of new, cleaner energy technologies.

Key Points: 
  • This marks the first hotel in the world to use this innovative system that captures greenhouse gas emissions from heating equipment.
  • Radisson Blu MOA also expects to reduce its energy bill because the CarbinX unit recycles heat, increasing efficiency in the water heating system to achieve both energy and cost savings.
  • CenterPoint Energy is deploying the CarbinX technology in a pilot program with 10 of its commercial customers in Minnesota, including Radisson Blu MOA.
  • "We are thrilled to be leading the way to the future of hospitality stewardship," said Alberto Abreu, General Manager of Radisson Blu Mall of America.

CenterPoint Energy announces appointment of Christopher Foster as Executive Vice President and Chief Financial Officer

Retrieved on: 
Wednesday, March 15, 2023
Annual report, Projection, EVP, Pandemic, CFO, Executive Committee, PG, NYSE, Lesar, CenterPoint Energy, CNP, Congress, Veteran, Carbon, Foster, Accounting, PG&E, Internal audit, Second Continental Congress, COVID-19, Treasury, Environment, Growth, Pacific Gas and Electric Company, Weather, Safety, Security (finance), Innovation, News, Michigan State University, Management, Renewable energy

HOUSTON, March 15, 2023 /PRNewswire/ -- CenterPoint Energy, Inc. (NYSE: CNP) today announced the appointment of Christopher Foster as Executive Vice President and Chief Financial Officer, effective May 5.

Key Points: 
  • HOUSTON, March 15, 2023 /PRNewswire/ -- CenterPoint Energy, Inc. (NYSE: CNP) today announced the appointment of Christopher Foster as Executive Vice President and Chief Financial Officer, effective May 5.
  • He will report to CenterPoint Energy's Chief Executive Officer Dave Lesar and serve on the company's Executive Committee.
  • Foster joins CenterPoint Energy from PG&E Corporation where he held roles of increasing responsibility over the past 11 years.
  • Most recently, he served as Executive Vice President and Chief Financial Officer overseeing PG&E's financial activities.

Essential Utilities Inc. (NYSE: WTRG), CEO Chris Franklin Interviewed by Advisor Access

Retrieved on: 
Tuesday, January 10, 2023

Advisor Access spoke with Essential Utilities, Inc.’s CEO Chris Franklin.

Key Points: 
  • Advisor Access spoke with Essential Utilities, Inc.’s CEO Chris Franklin.
  • Advisor Access: Would you provide an overview of Essential Utilities and the value proposition it offers to investors?
  • Chris Franklin: Essential Utilities provides a unique combination of experienced, regulated utility companies offering essential services to customers and a unique investment opportunity for investors.
  • A fixture of the Essential leadership team, Christopher Franklin is chairman and chief executive officer of Essential Utilities, Inc.

CenterPoint Energy announces organizational changes

Retrieved on: 
Tuesday, January 3, 2023
Strategic planning, CFO, Security (finance), Annual report, Electric Bond and Share Company v. Securities and Exchange Commission, Business development, Operations support system, General Development Corporation, NYSE, Continual improvement process, CenterPoint Energy, Lesar, Natural gas, Government, Growth, Marketing, Wilson, Easton, Safety, Weather, Senior, Workforce, News, Thomson-Houston Electric Company, CNP, Corporate services, Indian Radio Regulatory Service, Culture, Wells, Projection, Investment strategy, Investment, Carroll, General counsel, Management, Howard Greenley

HOUSTON, Jan. 3, 2023 /PRNewswire/ -- CenterPoint Energy, Inc. (NYSE: CNP) today announced organizational changes designed to further strengthen execution of the company's long-term growth strategy, its service to customers and communities, value-creation for stakeholders, operational efficiencies, and corporate governance. The streamlined structure, which is effective today, builds upon the previously announced promotion of Jason Wells to President and Chief Operating Officer, effective Jan. 1, with Dave Lesar continuing to serve as Chief Executive Officer. Wells will report to Lesar.

Key Points: 
  • HOUSTON, Jan. 3, 2023 /PRNewswire/ -- CenterPoint Energy, Inc. (NYSE: CNP) today announced organizational changes designed to further strengthen execution of the company's long-term growth strategy, its service to customers and communities, value-creation for stakeholders, operational efficiencies, and corporate governance.
  • Wilson has 20 years of experience in combined electric and natural gas utilities with CenterPoint Energy and its predecessor companies.
  • Within the electric business, CenterPoint Energy announced an appointment and promotion designed to further its focus on future growth, grid modernization and strategic investments.
  • With approximately 8,900 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years.