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 .
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| 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?
Research analysts who have asked questions during CENTERPOINT ENERGY earnings calls.
Jeremy Tonet
JPMorgan Chase & Co.
5 questions for CNP
Julien Dumoulin-Smith
Jefferies
5 questions for CNP
Andrew Weisel
Scotiabank
3 questions for CNP
David Arcaro
Morgan Stanley
3 questions for CNP
Durgesh Chopra
Evercore ISI
3 questions for CNP
Nicholas Campanella
Barclays
3 questions for CNP
Steven Fleishman
Wolfe Research
3 questions for CNP
Anthony Crowdell
Mizuho Financial Group
2 questions for CNP
Bill Appicelli
UBS
2 questions for CNP
Paul Fremont
Ladenburg Thalmann
2 questions for CNP
Shahriar Pourreza
Guggenheim Partners
2 questions for CNP
Steve Fleishman
Wolfe Research, LLC
2 questions for CNP
James Thalacker
BMO Capital Markets
1 question for CNP
Konstantin Lednev
Guggenheim Partners
1 question for CNP
| 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.
- CenterPoint Energy set cash tender offers for up to $300 million of its senior notes and $200 million of CEHE mortgage bonds (aggregate maximum $500 million).
- The 3.70% Senior Notes due 2049, 2.65% Senior Notes due 2031 and 2.95% Senior Notes due 2030 carry yields of 5.714%, 4.352% and 4.202%, with total considerations of $739.17, $915.49 and $950.13 per $1,000, respectively.
- CEHE’s 4.25% Series AC bonds due 2049 and 4.50% Series X bonds due 2044 priced at yields of 5.364% and 5.330%, with total considerations of $852.69 and $903.16 per $1,000, respectively.
- Securities validly tendered by the October 1, 2025 Early Tender Date are expected to settle on October 6, 2025, subject to proration factors of ~12.8% for the 2030 notes and ~3.5% for Series X bonds.
- CenterPoint Energy entered into an underwriting agreement on September 30, 2025 to issue $700 million aggregate principal amount of 5.950% Fixed-to-Fixed Reset Rate Junior Subordinated Notes, Series D, due April 1, 2056.
- Interest will accrue from October 2, 2025, payable semi-annually on April 1 and October 1, initially at 5.950% through April 1, 2031, then resetting every five years at the Five-Year Treasury Rate plus 2.223% (with a floor of 5.950%).
- The notes are unsecured junior obligations that rank subordinate to all existing and future senior indebtedness and allow the company to defer interest for up to 20 consecutive semi-annual interest periods.
- CenterPoint raised its 2025 non-GAAP EPS guidance to $1.75–1.77 (from $1.74–1.76) and initiated 2026 non-GAAP EPS guidance of $1.89–1.91, targeting 8% growth at the midpoint.
- The company increased its customer-driven capital investment plan through 2030 by $2 billion, bringing total additions this year to $7.5 billion, and now plans $65 billion in investments through 2035 (with $33 billion from 2026–2030 and $32 billion from 2031–2035).
- Over the long term, CenterPoint targets 7%–9% annual non-GAAP EPS growth through 2035 and aims for the mid-to-high end of this range from 2026–2028.
- Financing will be supported by self-funding ~65% of investments via improved operating cash flow, moderating dividend growth to ~6% annually, and modest $3 billion common equity issuances from 2028–2035.
- Record $65 billion 10-year investment plan: Customer-driven capital program for 2026–2035, plus over $10 billion in incremental opportunities to enhance grid and gas infrastructure.
- Raised 2025 non-GAAP EPS guidance: Range increased to $1.75–$1.77, targeting ~9 % growth at midpoint vs. 2024.
- Initiated 2026 EPS outlook: Non-GAAP EPS guided at $1.89–$1.91, aiming for at least midpoint to deliver ~8 % growth from 2025.
- Extended long-term EPS growth targets: Annual mid-to-high 7 %–9 % growth projected from 2026 through 2028 and maintained through 2035.
- Forecasting demand surge: Houston Electric peak load expected to climb ~50 % to 31 GW by 2031 and double to 42 GW mid-2030s, supporting investment.
- Introduced a customer-driven $65 billion capital investment plan for 2026–2035, with over $10 billion of incremental opportunities to further enhance customer outcomes.
- Raised full-year 2025 non-GAAP EPS guidance range to $1.75–$1.77, representing 9% growth at the midpoint versus 2024 delivered results.
- Initiated 2026 non-GAAP EPS guidance at $1.89–$1.91, targeting at least the midpoint for 8% growth over the raised 2025 midpoint.
- Extended long-term non-GAAP EPS annual growth targets to the mid-to-high end of 7%–9% from 2026 through 2028 and thereafter through 2035.
- Forecasts Houston Electric peak load to increase to ~31 GW by 2031 and to ~42 GW by mid-next decade to support anticipated demand growth.
- Commenced cash tender offers for up to $300 million of its 3.70% Senior Notes due 2049, 2.65% Senior Notes due 2031 and 2.95% Senior Notes due 2030, and $200 million of CEHE’s 4.25% Series AC 2049 and 4.50% Series X 2044 bonds to reduce outstanding indebtedness.
- Tender offers include a fixed spread over U.S. Treasury reference securities plus a $30 per $1,000 early tender payment; early tender deadline is October 1, 2025, with final expiration on October 17, 2025.
- Settlement dates are October 6, 2025 for early tenders and October 21, 2025 for final tenders; repurchases will be funded with cash on hand and commercial paper borrowings and cancelled upon purchase.
- On July 31, 2025, CenterPoint Energy completed a private sale of $1,000,000,000 aggregate principal amount of 3.00% Convertible Senior Notes due August 1, 2028, including a $100,000,000 option exercise.
- Interest at 3.00% per annum is payable semiannually on February 1 and August 1, beginning February 1, 2026; net proceeds were approximately $986.8 million.
- Notes are initially convertible at 21.4477 shares per $1,000 (approx. $46.63 per share), a 25% premium to the July 28 closing price, with up to 26.8 million shares issuable upon conversion.
- CenterPoint Energy priced a $900 million offering of 3.00% convertible senior notes due 2028, with an option for up to an additional $100 million, expected to close July 31, 2025.
- The notes are senior, unsecured, pay 3.00% interest semiannually starting February 1, 2026, mature August 1, 2028, and are convertible at 21.4477 shares per $1,000 principal (≈$46.63/share).
- Net proceeds are expected to be $888.1 million (or $986.8 million if the option is fully exercised), to be used for general corporate purposes, including repayment of commercial paper and other debt.
- The offering was conducted in a private placement to qualified institutional buyers under Rule 144A and is not registered under the Securities Act.
- On July 1, 2025, Southern Indiana Gas and Electric Company (SIGECO), a wholly-owned subsidiary of CenterPoint Energy, entered into a Bond Purchase Agreement to sell $100 million 5.09% First Mortgage Bonds, Series 2025B Tranche A due 2031 and $105 million 5.52% First Mortgage Bonds, Series 2025B Tranche B due 2035 in a private placement.
- SIGECO also has the option to issue on October 1, 2025 $45 million 5.77% Series 2025C Tranche A Bonds due 2040 and $100 million 6.18% Series 2025C Tranche B Bonds due 2055 under the same indenture.
- The bonds will be issued under SIGECO’s Amended and Restated Indenture of Mortgage and Deed of Trust dated January 1, 2023, as supplemented, with Deutsche Bank Trust Company Americas acting as Trustee.
- Net proceeds will be used for general corporate purposes, including repaying short-term debt, refunding long-term debt, and funding capital expenditures, with temporary investment permitted until use.
- CenterPoint Energy reached a settlement on its 2026–2028 Systemwide Resiliency Plan (SRP), representing over $3 billion in electric distribution investments, pending PUCT approval.
- The SRP is projected to reduce storm-related outages by nearly 1 billion minutes for its 2.8 million customers by 2029.
- Planned improvements include 100% automation devices on primary lines, 130,000 storm-resilient poles, more than 50% undergrounding, and 20,150 modernized cable spans.
- Costs will be spread over four years to limit residential bill impacts to +$1.40/month (2026–28) and +$0.60 in 2030, with $240 million deferred to late 2029.