The company filed a settlement agreement with the Minnesota Public Utilities Commission reached with intervenors on its 2023 rate caseMINNEAPOLIS, Nov. 25, 2024 /PRNewswire/ -- Today, CenterPoint Energy filed a settlement agreement with the Minnesota Public Utilities Commission (Commission) for its rate case submitted in November 2023, to adjust natural gas distribution service rates in 2024 and 2025. The company reached a settlement agreement with all intervening parties including: Minnesota Department of ...

GHRI Phase Two: Looking AheadAs part of the second phase of GHRI, which runs through May 31, 2025, CenterPoint teams will be taking additional actions including: installing 4,500 automated reliability devices to minimize sustained interruptions during major storm events and reduce restoration times; and establishing a network of 100 new weather monitoring stations. This part of GHRI Phase Two is set to begin in early 2025. The company plans to complete each of these actions before the start of the next hurr ...

Announcement follows completion of 350 more miles of newly hardened powerlines, on top of additional resiliency and hardening actions completed during Phase One of the Greater Houston Resiliency Initiative.HOUSTON, Nov. 14, 2024 /PRNewswire/ -- CenterPoint Energy today announced the completion of the last of its 42 critical initial actions and commitments it made to state leaders and customers in the aftermath of Hurricane Beryl to immediately strengthen the electric system and improve its storm response. A ...

Company plans to spread emergency Derecho response costs of approximately $450 million across 15 years; Customer bill impact expected to be about $1 per month Financial method expected to save customers more than $50 million in interest charges Derecho storm caused more than an estimated $5 billion in damages across the Greater Houston area unrelated to CenterPoint infrastructure HOUSTON, Nov. 8, 2024 /PRNewswire/ -- As part of its commitment to keeping customer bills more affordable, CenterPoint Energy ...

Company has completed Phase One of the Greater Houston Resiliency Initiative; continues to make progress on Phase Two of the Greater Houston Resiliency Initiative to be better prepared for 2025 hurricane season; and will file its multi-year system resiliency plan by January 2025 Company has continued to communicate with intervening parties and plans to resume settlement talks immediatelyHOUSTON, Nov. 8, 2024 /PRNewswire/ -- CenterPoint Energy (CenterPoint) today announced its plans to proceed with settleme ...

CenterPoint Energy, Inc. (NYSE:CNP) Q3 2024 Earnings Conference Call October 28, 2024 8:00 AM ET Company Participants Jackie Richert - SVP, Corporate Planning, IR and Treasurer Jason Wells - CEO Chris Foster - CFO Conference Call Participants Shar Pourreza - Guggenheim Steve Fleishman - Wolfe Research Durgesh Chopra - Evercore Jeremy Tonet - JPMorgan Securities David Arcaro - Morgan Stanley Julien Dumoulin-Smith - Jefferies Operator Good morning, and welcome to CenterPoint Energy Third Quarter 2024 Earnings ...

CenterPoint Energy (CNP) reported $1.86 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 0.2%. EPS of $0.31 for the same period compares to $0.40 a year ago. The reported revenue represents a surprise of -1.19% over the Zacks Consensus Estimate of $1.88 billion. With the consensus EPS estimate being $0.36, the EPS surprise was -13.89%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to W ...

CenterPoint Energy, Inc. (CNP) reported third-quarter 2024 adjusted earnings of 31 cents per share, which missed the Zacks Consensus Estimate of 36 cents by 13.9%. The bottom line also deteriorated 22.5% from the year-ago figure due to an increase in operating and maintenance expenses. This rise in expenses was due to the increased and accelerated activities under the first phase of the Greater Houston Resiliency Initiative. The company's GAAP earnings also came in at 30 cents per share, which declined 25% ...

CenterPoint Energy (CNP) came out with quarterly earnings of $0.31 per share, missing the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.40 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -13.89%. A quarter ago, it was expected that this energy delivery company would post earnings of $0.33 per share when it actually produced earnings of $0.36, delivering a surprise of 9.09%. Over the last four qu ...

CenterPoint。 Energy C THIRD QUARTER 2024 INVESTOR UPDATE CenterPoint 。 Energy Cautionary Statement and Other Disclaimer This presentation and the oral statements made in connection herewith contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical fact included in this presentation and the oral statements made in connection herewith are forward-looking stateme ...