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CenterPoint Energy, Inc. is an energy delivery company that operates in electric transmission and distribution, power generation, and natural gas distribution, serving over 7 million metered customers across Indiana, Louisiana, Minnesota, Mississippi, Ohio, and Texas . The company's business activities are divided into two main segments: Natural Gas and Electric . CenterPoint Energy provides electric generation, transmission, and distribution services, as well as natural gas distribution and transportation services .
- Electric Segment - Provides electric generation, transmission, and distribution services, primarily in southwestern Indiana, and includes power generating and wholesale power operations .
- Natural Gas Segment - Offers natural gas distribution and transportation services, primarily in southwestern Indiana .
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Christopher A. Foster Executive | Executive Vice President and Chief Financial Officer | Board Member: Exploratorium, a San Francisco-based science and technology museum; Board Member: Xenophon, a nonprofit organization focused on therapeutic riding for disabled youth and veterans. | Christopher A. Foster oversees financial strategy, reporting, and compliance, ensuring alignment with the company’s operational and strategic goals. | |
Darin Carroll Executive | Senior Vice President, Natural Gas Business | Executive Committee and Board of Directors: Junior Achievement of Southeast Texas; Board of Directors: American Gas Association; Southern Gas Association. | Darin Carroll leads all aspects of the company’s natural gas business, which serves approximately 4.2 million customers across a six-state footprint. | |
Jason M. Ryan Executive | Executive Vice President, Regulatory Services and Government Affairs | Board Member of the Lone Star Flight Museum; Board Member of the Association of Electric Companies of Texas; Advisory Board of the Strategic AI Program at Houston Christian University; Executive Committee of the Legal Committee of the American Gas Association. | Jason M. Ryan has played a significant role in regulatory and government affairs at CenterPoint Energy, overseeing critical regulatory strategies and compliance efforts. | |
Jason P. Wells Executive | President and Chief Executive Officer | Executive Committee and Board for the Greater Houston Partnership; Bauer College Board of the C.T. Bauer College of Business at the University of Houston; Advisory Board member of the Kinder Institute for Urban Research at Rice University; Board member of Central Houston, Inc.; Board member of M.D. Anderson Cancer Center. | Jason P. Wells has a strong background in finance and operations, with over 10 years of experience as an officer of public utility companies, providing valuable insights into the utility industry. | View Report → |
Lynnae Wilson Executive | Senior Vice President, Electric Business | Board of the United Way of Greater Houston. | Lynnae Wilson oversees all areas of Houston Electric and Indiana Electric, serving more than 2.7 million metered customers in the greater Houston and southwestern Indiana areas. | |
Monica Karuturi Executive | Executive Vice President and General Counsel | Chair of the Houston Bar Foundation. | Monica Karuturi has progressed through various senior roles, indicating a significant contribution to the company's legal and corporate governance functions. | |
Christopher H. Franklin Board | Director | Chairman, Chief Executive Officer, and President of Essential Utilities, Inc.; Board Member at the University of Pennsylvania; Board Member at the Franklin Institute of Philadelphia. | Franklin brings extensive experience in utility operations, customer experience, and safety management, which he leverages in his role at CenterPoint Energy. | |
Dean Seavers Board | Director | Board of Directors at Albemarle Corporation, Ametek Inc., and Vine Hill Capital Investment Corp.; Senior Advisor at Stifel Financial Corp.. | Seavers’ extensive background in leadership roles across multiple industries, including utilities, safety, and security, positions him as a valuable contributor to CenterPoint Energy’s Board of Directors. | |
Phillip R. Smith Board | Independent Chair of the Board | Chief Financial Officer of Marathon-Sparta Holdings, Inc.; Board Member at Health Care Service Corporation. | Phillip R. Smith’s extensive experience in finance, accounting, renewable energy, and governance continues to make him a valuable asset to CenterPoint Energy and its Board. | |
Raquelle W. Lewis Board | Director | Director, Southeast Texas Communications and Public Information Offices for the Texas Department of Transportation (TxDOT); Director of Success House A Road to Recovery, Inc.; South Main Alliance Advisory Board Member. | Raquelle W. Lewis brings extensive experience in government relations, sustainability, technology, and customer experience, which are valuable to her role at CenterPoint Energy. | |
Ricky A. Raven Board | Director | Senior Vice President and Deputy General Counsel at Allstate Insurance Company; Board Member of National Judicial College Board of Directors; International Academy of Trial Lawyers Board of Directors; University of Houston Board of Regents; Southwestern University Board of Trustees; City of Houston Civil Service Commission. | Ricky A. Raven’s diverse experience in legal, regulatory, and community-focused roles, combined with his leadership at Allstate and other organizations, positions him as a valuable contributor to CenterPoint Energy’s Board. | |
Thaddeus J. Malik Board | Director | Health Care Service Corporation Board Member; The First Tee of Greater Chicago President and Board Member; Illinois PGA Foundation Board Member; The TimeLine Theater Company Board Member. | Malik’s diverse experience and leadership roles make him a valuable asset to CenterPoint Energy’s Board as the company continues to execute its strategic plans and focus on its core utility business. | |
Theodore F. Pound Board | Independent Director | N/A | Theodore F. Pound’s extensive experience in finance, accounting, and governance continues to make him a valuable asset to CenterPoint Energy and its Board. | |
Wendy Montoya Cloonan Board | Director | Managing Partner at Cantu Harden Montoya LLP; Commissioner at the Port of Houston Authority; Board Member of the Harris County Hospital District Foundation; Executive Board Member of ALMAAHH; Member of the Morgan Stanley Women Energy Directors Network; Member of the Latino Corporate Directors Association; Chair and Board Member of the Harris County Commissioner Precinct One Community Foundation. | Wendy Montoya Cloonan’s extensive experience in public law, finance, and community engagement, combined with her leadership roles outside of CNP, make her a valuable asset to the company’s board. |
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Regarding the GHRI, you are planning to invest an additional $2.5 billion, increasing resiliency investments to approximately $5 billion from 2026 through 2028. How do you plan to achieve these significant investments while keeping Houston Electric's customer delivery charge increases roughly in line with the long-term rate of inflation over the next 10 years?
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You mentioned that your data center interconnection queue now exceeds 8 gigawatts, but you acknowledge that not all of this will be developed. Given that, how are you factoring this speculative load into your capital expenditure plans, and what risks do you foresee if this expected growth does not materialize as anticipated?
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You plan to raise an incremental $1.25 billion of equity in addition to the $1.25 billion previously guided, totaling approximately $2.5 billion through the remainder of the decade. How will these significant equity issuances impact your balance sheet and earnings per share growth targets, and what strategies do you have in place to mitigate potential dilution for shareholders?
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With the withdrawal of your Houston Electric rate case filing due to focus on plan execution and resiliency development, and given the regulatory lag resulting in a 150 basis point lower earned ROE than allowed, how do you plan to address this regulatory lag before refiling in 2025, and what are your expectations for the new rate case?
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Concerning the temporary generation units, you proposed to forgo approximately $110 million of profit to address stakeholder concerns. Can you elaborate on how this proposal satisfies stakeholders, and what impact it might have on your financial performance and obligations to customers during load shed events?
| Customer | Relationship | Segment | Details |
|---|---|---|---|
Affiliates of NRG | Electricity distribution/transmission | Houston Electric | $1,169 million in 2024 (<strong>~13.5%</strong> of total $8,643 million ) |
Affiliates of Vistra Energy Corp. | Electricity distribution/transmission | Houston Electric | $605 million in 2024 (<strong>~7.0%</strong> of total $8,643 million ) |
Recent press releases and 8-K filings for CNP.
- Delivered strong Q1 2025 performance with GAAP EPS of $0.45 and non-GAAP EPS of $0.53 (, , , )
- Reaffirmed full-year 2025 guidance with a non-GAAP EPS target of $1.74–$1.76, reflecting 8% growth over 2024 (, , , )
- Increased the 10‑year capital investment plan by $1B to a total of $48.5B through 2030, supporting opportunities in electric and gas transmission (, , )
- Completed the sale of Louisiana & Mississippi natural gas LDC businesses, generating approximately $1.2B in gross proceeds ()
- Advanced system resiliency efforts by doubling grid automation devices, accelerating infrastructure upgrades, and achieving over 70% of critical work in Houston ahead of hurricane season (, , )
- Initiated cash tender offers on April 25, 2025, to purchase up to $600 million of its senior notes and up to $400 million of related notes from its subsidiary, CERC, aimed at reducing outstanding indebtedness (, )
- The Form 8-K, dated April 16, 2025, reports the outcomes of the annual shareholder meeting for CenterPoint Energy, including voting on director elections and proxy proposals.
- Directors were elected for one-year terms with detailed vote counts provided, while key proposals such as the ratification of Deloitte & Touche LLP, the advisory executive compensation vote, and an amendment to the stock plan for outside directors were approved.
- Completed Sale: CenterPoint Energy, Inc. announced the completion of its sale of natural gas distribution businesses in Louisiana and Mississippi to affiliates of Bernhard Capital Partners, effective immediately.
- Asset Details: The assets include approximately 12,000 miles of distribution pipeline serving 380,000 metered customers, with service transitioning to Delta Utilities.
- Strategic Funding: The proceeds from this transaction are expected to efficiently support the company’s long-term growth and capital investment plans.