James Thalacker's questions to CenterPoint Energy Inc (CNP) leadership • Q4 2024
Question
James Thalacker asked for details on CenterPoint's cost control program, specifically the levers it plans to use to achieve its 1-2% annual O&M reduction target despite increased spending on resiliency and vegetation management.
Answer
CFO Chris Foster affirmed the 1-2% O&M reduction target remains intact. He identified three key levers: 1) O&M savings from capital investments, such as grid automation reducing truck rolls; 2) standardization of legacy IT systems and vendor rationalization; and 3) empowering employees to identify and implement process efficiencies.