Company delivers on unprecedented contribution of approximately $200 million of value to the State of Texas First five of the 15 large temporary emergency generation units deployed to San Antonio area to help address regional power generation shortfall Historic agreement with state and industry partners will help address Texas' power generation needs and lower bills for Houston-area customers by approximately $2 per month by 2027 HOUSTON , June 16, 2025 /PRNewswire/ -- This weekend, as part of an effort to help the State of Texas meet its current and future energy needs, CenterPoint Energy announced that the first five of 15 large temporary emergency generation units began leaving the Greater Houston area to be deployed to the San Antonio region. To help with staging and installation in San Antonio, the units are departing Greater Houston in a series of three waves over the next two months.
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Largest single resiliency investment in CenterPoint history will build on Greater Houston Resiliency Initiative and help address impacts of wide range of extreme weather and other threats 100% of lines serving the most customers will have automation devices capable of self-healing 130,000 stronger, more storm-resilient poles and braces to be installed or replaced This historic investment will reduce storm-related outages by nearly 1 billion minutes Spreading investments over four years vs. three years will minimize bill impacts and help keep customer bills more affordable HOUSTON , June 13, 2025 /PRNewswire/ -- As part of its commitment to build and operate the most resilient coastal grid in the country, CenterPoint Energy (CenterPoint) announced yesterday that it has reached a settlement agreement with parties to its 2026-2028 Systemwide Resiliency Plan (SRP).
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General Utilities Industry | Utilities Sector | Mr. Jason P. Wells CPA CEO | XMUN Exchange | US15189T1079 ISIN |
US Country | 8,872 Employees | 15 May 2025 Last Dividend | 1 Oct 2002 Last Split | 2 Jan 1970 IPO Date |
CenterPoint Energy, Inc. is a notable public utility holding company based in the United States, with its origins tracing back to 1866. The company's headquarters are situated in Houston, Texas, reflecting its strong presence in several states, including Indiana, Louisiana, Minnesota, Mississippi, Ohio, and Texas. It operates through two primary segments: Electric and Natural Gas. CenterPoint Energy plays a critical role in providing transmission, distribution, and generation services for electricity, while also delivering natural gas to a wide array of customers, ranging from residential to industrial and institutional sectors. The company’s infrastructure and operations are substantial, with a notable number of metered customers and extensive facilities that underline its capacity and commitment to energy distribution and services.
This segment focuses on the delivery of electricity to customers, alongside managing electric generation assets. CenterPoint Energy also partakes in optimizing these assets within the wholesale power market, ensuring reliable electricity supply and distribution across its service territories.
CenterPoint Energy is engaged in the sales and distribution of natural gas to diverse customer sectors including residential, commercial, industrial, and institutional clients. The company's operations in this segment highlight its role in ensuring the consistent provision of natural gas, facilitated through a comprehensive network of pipelines and service connections.
Through its Natural Gas segment, CenterPoint Energy maintains permanent pipeline connections by interfacing with various interstate and intrastate pipeline companies. Additionally, it offers maintenance and repair services for home appliances, predominantly in Minnesota. This service extends to providing home repair protection plans through third parties in select states, adding an essential layer of customer support and service reliability.