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) is an energy delivery company with regulated electric transmission and distribution, power generation and natural gas distribution operations serving approximately 7 million metered customers in Indiana, Minnesota, Ohio and Texas. As the only investor‑owned electric and gas utility based in Texas, CenterPoint frequently issues news on its utility operations, capital plans, financing activities and corporate governance.
This news page aggregates company‑specific updates such as quarterly and annual earnings announcements, investor update presentations, and details on CenterPoint’s long‑term capital investment plan. Recent communications have included information on a record 10‑year capital investment plan focused on economic growth and system resiliency, as well as updates on demand growth in the Greater Houston area through its Houston Electric business.
Investors and analysts can also find coverage of CenterPoint’s financing and balance sheet actions, including cash tender offers for senior notes and general mortgage bonds, public offerings of junior subordinated notes, and private offerings of convertible senior notes. The company’s press releases further highlight regular quarterly common stock dividend declarations and the use of non‑GAAP financial measures alongside GAAP results in its earnings outlook.
In addition, CenterPoint’s news flow includes items on portfolio optimization, such as the announced sale of its Ohio natural gas local distribution company business to National Fuel Gas Company, and governance developments like amendments to its bylaws and changes to board leadership roles. This page provides a centralized view of these announcements so readers can review CenterPoint’s latest disclosures, strategic initiatives and regulatory communications in one place.
On August 2, 2022, CenterPoint Energy, Inc. (NYSE: CNP) will hold its second quarter earnings conference call at 7:00 a.m. CT. The company, serving over 7 million customers across several states, reported asset ownership of approximately $35 billion as of March 31, 2022.
CenterPoint Energy is the only investor-owned electric and gas utility based in Texas, with a rich history spanning over 150 years. The conference call can be accessed online via the company's investor relations page for detailed insights into their financial performance.
CenterPoint Energy (NYSE: CNP) has received approval from the Indiana Utility Regulatory Commission to construct two natural gas combustion turbines (CTs), a significant move in its generation transition plan. The $334 million project aims to provide 460 megawatts of output, replacing coal-fired generation and enhancing renewable energy use. This shift is projected to save customers $320 million over 20 years. Additionally, the company is seeking securitization for A.B. Brown assets, which could yield $60 million in savings. Customer electric bills are not expected to rise immediately.
CenterPoint Energy (NYSE: CNP) has launched a green hydrogen project in Minneapolis, becoming one of the first U.S. utilities to incorporate zero-carbon hydrogen into its natural gas supply. The project utilizes renewable electricity to produce hydrogen from water, which is then blended with natural gas at low concentrations. This pilot aims to generate operational insights while reducing carbon emissions by approximately 1,200 tons annually. CenterPoint Energy, Minnesota's largest gas utility, serves around 900,000 customers and plans further investments in clean energy under the Natural Gas Innovation Act.
CenterPoint Energy (NYSE: CNP) announced a new all-source request for proposals (RFP) to enhance its electric utility operations in Indiana, targeting resources such as renewables (wind, solar, and battery storage), thermal options, and short-term capacity. This RFP aims to identify generation technologies to meet the needs of its 150,000 customers by March 1, 2027. The company will also conduct a 2022 Integrated Resource Plan to analyze the optimal generation mix for the next 20 years. The initiative reflects a commitment to providing safe, reliable, and cost-effective electric service.
CenterPoint Energy, Inc. (NYSE: CNP) received approval from the Indiana Utility Regulatory Commission to enter into two power purchase agreements (PPAs) for 335 megawatts (MWs) of solar energy. This includes a 15-year PPA for 185 MWs with Oriden and a 20-year PPA for 150 MWs with Origis Energy. The projects will supply enough power for over 70,000 homes, supporting the company's Smart Energy Future strategy and helping achieve net-zero greenhouse gas emissions by 2035. The IRP aims to generate nearly two-thirds of energy from renewables while saving customers an estimated $320 million over 20 years.
CenterPoint Energy reported Q1 2022 earnings of $0.82 per diluted share, marking an increase from $0.56 in Q1 2021. The earnings included strategic transaction-related income of $0.35 per share. Non-GAAP EPS stood at $0.47, flat compared to the previous year. The company reaffirmed its non-GAAP EPS guidance for 2022 at $1.36-$1.38, targeting an 8% annual growth rate through 2024. CenterPoint has fully exited midstream operations, selling its Energy Transfer position at a 20% premium. The five-year capital plan increased to $19.3 billion, focusing on regulated utility investments.
CenterPoint Energy, Inc. (NYSE: CNP) declared a quarterly cash dividend of $0.1700 per share on its Common Stock. This dividend will be payable on June 9, 2022, to shareholders of record by the close of business on May 19, 2022. With over 7 million metered customers in various states, the company possesses approximately $38 billion in assets as of December 31, 2021. CenterPoint has a long-standing history, serving customers for over 150 years.
CenterPoint Energy, Inc. (NYSE: CNP) held its 2022 annual shareholder meeting on April 22, where shareholders elected Christopher H. Franklin as a new independent director. Franklin brings extensive experience from his role as CEO at Essential Utilities. The meeting also saw the election of existing directors for one-year terms, the ratification of Deloitte & Touche LLP as auditors, and the adoption of the 2022 Long-Term Incentive Plan. However, shareholders voted against the advisory resolution on executive compensation. This signifies a shift towards aligning company interests with those of shareholders.
CenterPoint Energy, Inc. (NYSE: CNP), based in Houston, TX, will host its First Quarter 2022 Earnings Conference Call on May 3, 2022, at 7:00 a.m. Central time. This energy delivery company services over 7 million customers across several states, including Texas and Indiana, with a strong asset base of approximately $38 billion as of December 31, 2021. CenterPoint has a workforce of around 9,400 employees and has been operational for over 150 years. Details for listening to the conference call can be found on their investor relations website.
Itron has signed a contract with CenterPoint Energy to deploy 3 million Intelis natural gas smart meters. This initiative aims to enhance safety, reliability, and efficiency of CenterPoint's gas distribution system. The Intelis meters feature an automatic shutoff valve for increased safety and provide accurate consumption data to customers. This partnership reflects CenterPoint's commitment to modernizing its infrastructure while also supporting environmental sustainability goals by reducing carbon emissions from utility vehicles.