Centerpoint Energy Inc Stock Price, News & Analysis

CenterPoint Energy has initiated the deployment of 15 large temporary emergency generation units to San Antonio to address regional power generation shortfalls in Texas. The first five units have begun their journey from Houston, with complete deployment scheduled over two months. This initiative, valued at approximately $200 million, represents a collaborative solution with ERCOT and other partners. Each unit can power about 30,000 homes, and CenterPoint will provide these units for up to two years without receiving revenue or profit. The arrangement will benefit Houston-area customers through reduced monthly bills, with average savings of $2 per month by 2027. The units were originally acquired following Winter Storm Uri in 2021. CenterPoint Energy, operating as an electric transmission and distribution company in Texas, serves only the Greater Houston area and does not own power plants or generate electricity in the state beyond these temporary units.

CenterPoint Energy (CNP) has reached a settlement agreement for its 2026-2028 Systemwide Resiliency Plan (SRP), marking the largest grid resiliency investment in company history at over $3 billion. The plan aims to reduce storm-related outages by nearly 1 billion minutes for 2.8 million customers by 2029. Key improvements include installing 130,000 storm-resilient poles, achieving 100% automation on major lines, and maintaining 50% underground system coverage. The investment will cost average residential customers approximately $1.40 per month from 2026-2028, with a final $0.60 increase in 2030. To offset costs, customers will see reductions from emergency generation unit removal ($2/month by 2027) and a recent rate case settlement ($1/month from 2025-2028). The plan addresses Houston's growing energy needs, with customer base expanding 2% annually, while strengthening infrastructure against extreme weather threats.

CenterPoint Energy (CNP) has completed major grid resilience improvements ahead of the 2025 Atlantic hurricane season, focusing on strengthening infrastructure and emergency preparedness. The company has implemented key components of its Greater Houston Resiliency Initiative, including installing 26,000 storm-resilient poles, 5,150 automated devices, clearing vegetation from 6,000 miles of power lines, undergrounding 400+ miles of power lines, and installing 100 weather stations. CenterPoint has also enhanced its emergency response capabilities through AI partnerships, community coordination, and technology upgrades. Notable improvements include donating 20+ backup generators to critical facilities, implementing new damage modeling systems, and launching an upgraded bilingual Outage Tracker. The company conducted emergency response exercises with local officials and continues hosting community preparedness events across its 12-county service area.

CenterPoint Energy (NYSE: CNP) has expanded its strategic partnership with Convey, a customer engagement software provider, to enhance customer communications during extreme weather events. The collaboration aims to improve pre-weather event notifications and restoration updates for CenterPoint's 7 million customers across Texas, Indiana, Ohio, and Minnesota. As a transmission and distribution utility in Texas, CenterPoint serves 2.8 million homes and businesses. The partnership will leverage Convey's platform to deliver critical updates with speed, scale, and reliability. CenterPoint's President and CEO Jason Wells emphasized the importance of timely and accurate communication, especially during disruptive weather events. The expanded relationship focuses on modernizing infrastructure and communication methods to enhance service reliability and strengthen community trust.

CenterPoint Energy (NYSE: CNP) has announced the pricing of a registered underwritten offering of 21,621,622 shares of common stock at $37.00 per share. The offering involves forward sale agreements with Bank of America, Mizuho Markets Americas, and JPMorgan Chase Bank. The underwriters have a 30-day option to purchase up to an additional 3,243,243 shares.

Settlement of the forward sale agreements is expected by February 25, 2027. The company may elect cash or net share settlement, and if physical settlement is chosen, proceeds will be used for general corporate purposes, including debt repayment. BofA Securities, Mizuho, and J.P. Morgan are acting as joint book-running managers for the offering, which is expected to close around May 29, 2025.

CenterPoint Energy (CNP) has successfully restored power to 90% of the 167,000 customers affected by severe overnight storms in Greater Houston. The storm, characterized as the strongest of the spring season, brought wind gusts of 60-70 mph, primarily impacting North and Central Harris County, Tomball, Bush International Airport, Kingwood, and Humble areas.

Currently, fewer than 15,000 customers remain without power. The company has deployed over 1,300 personnel and 143 vegetation crews for damage assessment and power restoration. In preparation for predicted severe weather on Wednesday, CenterPoint has activated its Emergency Operations Center and is maintaining additional crews on standby.

CenterPoint Energy (NYSE: CNP) has announced a public offering of $800 million worth of common stock shares through a forward sale agreement with multiple counterparties including Bank of America, Mizuho, and JPMorgan Chase Bank. The underwriters have a 30-day option to purchase an additional $120 million in shares. The settlement of forward sale agreements is expected by February 25, 2027.

The company can choose physical, cash, or net share settlement for the agreements. If physical settlement is chosen, proceeds will be used for general corporate purposes, including debt repayment. BofA Securities, Mizuho, and J.P. Morgan are serving as joint book-running managers, with Barclays, Citigroup, and RBC Capital Markets also participating.

CenterPoint Energy (CNP) has completed Phase Two of its Greater Houston Resiliency Initiative (GHRI) ahead of the 2025 hurricane season. Over the past 10 months, during Phases One and Two, the company has implemented significant grid infrastructure improvements including: installation of 26,000+ storm-resilient poles, undergrounding of 400+ miles of power lines, addition of 5,150 automation devices, clearing of 6,000+ miles of vegetation, and installation of 100 weather monitoring stations. These improvements are expected to reduce outages by more than 125 million minutes annually. The company completed all critical resiliency actions ahead of its June 1 self-imposed deadline and plans to announce updated GHRI targets for the remainder of 2025 in early June.

CenterPoint Energy (CNP) conducted a major hurricane response exercise at its Emergency Operations Center in preparation for the 2025 hurricane season. The full-scale exercise involved over 200 employees and response partners, including state and local officials, emergency management offices, and third-party evaluators.

The simulation is part of the company's Greater Houston Resiliency Initiative (GHRI) launched last year. Key improvements include leveraging AI technologies through partnerships with Neara and Technosylva, installing emergency generators at critical facilities, and enhancing coordination with local emergency partners.