Financial Performance & Guidance - CenterPoint Energy is increasing its 2025 non-GAAP EPS guidance target range from $1.74 - $1.76 to $1.75 - $1.77, representing 9% growth at the midpoint from 2024 results[14] - The company is initiating its 2026 non-GAAP EPS guidance targeting at least the midpoint of $1.89 - $1.91, representing 8% growth from the midpoint of the raised 2025 guidance[14] - The company is raising its annual non-GAAP EPS growth target to 7–9% through 2035, expecting to be in the mid-to-high end of the range for 2026-28[20] Capital Investment Plan - CenterPoint Energy introduces a $65 billion 10-year customer-driven capital investment plan with $10 billion+ of upside opportunities[14, 20] - The company expects 11%+ rate base growth through 2030 and projects a rate base of ~$65 billion in 2035[20, 37] - The company expects to recover ~85% of investments through forward test year rate cases and interim capital trackers through 2030[20] Operational Efficiency & Financing - The company is targeting 1–2% annual O&M reductions on average through 2035, resulting in $100MM - $200MM reduction[20, 40] - Approximately 65% of investments are expected to be funded by operating cash flow over the life of the 10-year plan[20] - The company plans ~$3 billion of equity issuances from 2028 through 2035[20] Regulatory & Customer Affordability - The company expects ~98% of Houston Electric investments to be recovered through interim mechanisms from 2026-2030[94] - The company's average monthly delivery charge at Houston Electric is approximately $50, similar to 2014 levels[44]