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CenterPoint Energy announces outlook revision to Stable by Moody's

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HOUSTON, Dec. 3, 2020 /PRNewswire/ -- CenterPoint Energy, Inc. (NYSE: CNP), today announced that Moody's Investors Service ("Moody's") changed the company's rating outlook from Negative to Stable and affirmed the company's Baa2 senior unsecured rating and Prime–2 short–term rating for commercial paper.

"Moody's revision is an important vote of confidence in the credit-supportive actions we have taken as a company this year to improve our financial stability and strengthen our balance sheet," said Jason Wells, Executive Vice President and Chief Financial Officer of CenterPoint Energy.  

Moody's attributed the change to corporate actions which stabilized credit metrics, improved liquidity, strengthened the balance sheet and lowered the company's business risk profile.

As the only investor-owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Arkansas, Indiana, Louisiana, Minnesota, Mississippi, Ohio, Oklahoma and Texas. As of September 30, 2020, the company owned approximately $33 billion in assets and also owned 53.7 percent of the common units representing limited partner interests in Enable Midstream Partners, LP, a publicly traded master limited partnership that owns, operates and develops strategically located natural gas and crude oil infrastructure assets. With approximately 9,600 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.

For more information contact
Media:
Communications

Media.Relations@CenterPointEnergy.com
Investors:
David Mordy

Phone 713.207.6500

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SOURCE CenterPoint Energy, Inc.

CenterPoint Energy, Inc.

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About CNP

centerpoint energy, inc., headquartered in houston, is a domestic energy delivery company that includes electric transmission & distribution, natural gas distribution and energy services operations. the company serves more than five million metered customers primarily in arkansas, louisiana, minnesota, mississippi, oklahoma, and texas. the company also owns a 54.7 percent limited partner interest in enable midstream partners, a publicly traded master limited partnership it jointly controls with oge energy corp., which owns, operates and develops natural gas and crude oil infrastructure assets. with more than 8,500 employees, centerpoint energy and its predecessor companies have been in business for more than 140 years. for more information, visit the website at www.centerpointenergy.com.