Latest news with #CenterPointEnergy
Yahoo
3 days ago
- Business
- Yahoo
2025 Atlantic Hurricane Season: CenterPoint Energy emphasizes preparedness with critical resiliency efforts completed before June 1; urges customers to have an emergency plan and practice that plan
Historic series of Greater Houston Resiliency Initiative key improvements completed ahead of schedule to strengthen the grid and reduce the impact of outages from major storms Joint emergency response exercise completed; community safety and preparedness events continue with emergency officials and local partners CenterPoint continues proactive outreach and communication efforts across Greater Houston service area to help customers prepare for upcoming storm season HOUSTON, June 3, 2025 /PRNewswire/ -- With the 2025 Atlantic hurricane season officially underway, CenterPoint Energy is reinforcing the resiliency and preparedness efforts the company already completed to strengthen grid resiliency, improve local emergency coordination and help communities and customers better prepare for potential severe weather. Last month, CenterPoint held its 2025 emergency response exercise as part of a coordinated effort with public officials, emergency response managers and community partners to improve local cooperation and response efforts. The company continues to work with communities to donate and install more than 20 backup generators for critical facilities and other key locations across its 12-county service area and has been hosting a series of community and customer outreach events across the Greater Houston area to share important safety information and preparation updates. "Ahead of this year's hurricane season, CenterPoint has been fully engaged in completing a series of historic resiliency improvements and preparedness activities to enhance how we prepare for and respond to hurricanes and other severe weather events," said Tony Gardner, CenterPoint Senior Vice President and Chief Customer Officer. "While we've accomplished a great number of milestones ahead of the start of hurricane season, we won't stop there. We will continue diligently monitoring the weather, making more improvements and investments, and maintaining our storm preparedness efforts while we work every day to achieve our goal of building the most resilient coastal grid in the country." 2025 Hurricane Season Preparedness: Getting Ready for Extreme WeatherCenterPoint has been conducting and helping coordinate a series of important preparedness activities over the last several months, including: Completing historic grid improvements: As part of the Greater Houston Resiliency Initiative (GHRI), CenterPoint has completed a series of critical resiliency actions ahead of schedule, including: Installing 26,000 stronger, more storm-resilient poles; Installing 5,150 automated devices; Clearing high-risk vegetation from 6,000 miles of power lines; Undergrounding more than 400 miles of power lines; and Installing 100 weather stations to provide real-time weather monitoring. Leveraging AI and emerging technologies: Collaborating with industry-leading technology providers, including Neara and Technosylva, to better predict and prepare for extreme weather impacts. Working with emergency partners to get ready: Coordinating with local officials, emergency management offices and community partners to prepare for extreme weather events, including through joint emergency response exercises. Donating and installing emergency generators to key locations: Working with local communities to provide backup generators to critical facilities and community centers that provide medical care, food and water, cooling and other essential services in emergencies. Hosting customer and community hurricane preparedness events: Holding a series of community preparedness events and webinars to provide updates about CenterPoint's preparations for hurricane season, important safety tips and key resources for customers. Enhancing critical storm response tools: Implemented sophisticated damage modeling to help expedite critical decision making before and during an event, as well as adopted a new storm management software program to more efficiently onboard and deploy mutual assistance crews in support of CenterPoint's emergency response efforts. Upgrading CenterPoint's Outage Tracker: Launched a new and improved, cloud-based Outage Tracker to provide real-time updates on outages and restoration efforts, available in English and Spanish. CenterPoint will continue to provide updates on its critical resiliency actions. More information is available at About CenterPoint Energy, Energy, Inc. (NYSE: CNP) is a multi-state electric and natural gas delivery company serving approximately 7 million metered customers across Indiana, Minnesota, Ohio, and Texas. The company is headquartered in Houston and is the only Texas-domiciled investor-owned utility. As of March 31, 2025, the company had approximately $44 billion in assets. With approximately 8,300 employees, CenterPoint Energy and its predecessor companies have been serving customers for more than 150 years. For more information, visit Forward-looking statementsThis news release, as well as the website pages related to the GHRI, includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this news release or the website pages related to the GHRI, the words "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "goal," "intend," "may," "objective," "plan," "potential," "predict," "projection," "should," "target," "will" or other similar words are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding the GHRI and longer-term resiliency plans, including effectiveness, timing and related matters, are based upon assumptions of management which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. Actual events and results may differ materially from those expressed or implied by these forward-looking statements. Any statements in this news release or the website pages related to the GHRI regarding future events that are not historical facts are forward-looking statements. Each forward-looking statement contained in this news release or the website pages related to the GHRI speaks only as of the date of this release or the date that such statement is made, as applicable. Important factors that could cause actual results to differ materially from those indicated by the provided forward-looking information include risks and uncertainties relating to: (1) business strategies and strategic initiatives, restructurings, joint ventures, acquisitions or dispositions of assets or businesses involving CenterPoint Energy or its industry; (2) CenterPoint Energy's ability to fund and invest planned capital, and the timely recovery of its investments; (3) financial market and general economic conditions; (4) the timing and impact of future regulatory, legislative and political actions or developments; and (5) other factors, risks and uncertainties discussed in CenterPoint Energy's Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and other reports CenterPoint Energy or its subsidiaries may file from time to time with the Securities and Exchange Commission. View original content to download multimedia: SOURCE CenterPoint Energy
Business Wire
3 days ago
- Business
- Business Wire
Convey Expands Strategic Relationship with CenterPoint Energy to Transform Customer Communications Especially During Times of Extreme Weather
DENVER--(BUSINESS WIRE)--Convey is proud to announce a major expansion of its relationship with CenterPoint Energy (NYSE: CNP). Convey, formerly known as Message Broadcast, is a longtime leader in providing customer engagement software for highly regulated industries and serves the largest utilities in North America; CenterPoint Energy is a leading electric and natural gas utility serving 7 million customers across Texas, Indiana, Ohio, and Minnesota. 'At Convey, we are deeply aligned with CenterPoint Energy's mission to deliver safe, reliable service while modernizing customer communication in the moments that matter most,' said Maulik Datanwala, CEO of Convey. This new engagement highlights CenterPoint Energy's dedication to improving the customer experience with advanced warnings of storms and restoration updates during storm-related outages. Convey's customer communication platform helps CenterPoint Energy respond with speed, scale, and reliability—delivering critical updates to customers during extreme weather events and enhancing engagement year-round. 'At Convey, we are deeply aligned with CenterPoint Energy's mission to deliver safe, reliable service while modernizing customer communication in the moments that matter most,' said Maulik Datanwala, CEO of Convey. 'This strategic relationship is a testament to what's possible when a forward-thinking utility meets a purpose-built communications platform designed to scale. With decades of experience delivering critical communication across the utilities sector and other regulated industries, we are excited about our work together that will transform the way CenterPoint communicates and helps deliver better outcomes for its customers.' Enhancing Customer Experience at Scale for CenterPoint Energy As a regulated transmission and distribution utility (TDU) in Texas, CenterPoint Energy plays a critical role in powering more than 2.8 million homes and businesses across one of the most highly dynamic markets in the nation and the energy capital of the world. With Convey, CenterPoint gains not just additional messaging capabilities for storms but also establishes a strategic relationship to collaborate on delivering intelligent customer workflows that improve operational agility and help build customer trust. 'At CenterPoint Energy, our customers count on us to deliver critical energy services every hour of every day. We also have to be able to communicate timely, accurate and relevant information to customers and communities with speed, clarity, and consistency—especially during disruptive extreme weather events,' said Jason Wells, President and CEO of CenterPoint Energy. 'Our expanded work with Convey reflects our commitment to modernizing both the infrastructure that delivers our customers' energy but also the way we communicate with them, leveraging technology that not only enhances service reliability but also strengthens the trust and connection we have with the communities we are privileged to serve.' A Relationship Focused on the Future The CenterPoint/Convey relationship is envisioned as a stepping stone to help redefine and improve customer communications. Convey is proud to work CenterPoint Energy in driving innovation, enhancing customer engagement, and setting new standards in utility communication. 'We are excited to continue building with CenterPoint,' added Datanwala. 'Together, we're not just solving today's challenges—we're setting the course for what's next in the industry.' To learn more, visit Convey delivers intelligent customer workflows that humanize connections in regulated environments. Formerly Message Broadcast, Convey transforms compliance requirements into streamlined experiences through purpose-built solutions that deliver measurable impact for utilities and essential service providers. Our platform helps organizations modernize operations and set new engagement standards while efficiently managing millions of interactions. Reimagine the customer journey at About CenterPoint Energy, Inc. CenterPoint Energy, Inc. (NYSE: CNP) is a multi-state electric and natural gas delivery company serving approximately 7 million metered customers across Indiana, Minnesota, Ohio, and Texas. The company is headquartered in Houston and is the only Texas-domiciled investor-owned utility. As of March 31, 2025, the company had approximately $44 billion in assets. With approximately 8,300 employees, CenterPoint Energy and its predecessor companies have been serving customers for more than 150 years. For more information, visit
Yahoo
6 days ago
- Business
- Yahoo
Why CenterPoint Energy (CNP) is a Great Dividend Stock Right Now
All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments. Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that measures the dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns. Based in Houston, CenterPoint Energy (CNP) is in the Utilities sector, and so far this year, shares have seen a price change of 16.96%. The energy delivery company is paying out a dividend of $0.22 per share at the moment, with a dividend yield of 2.37% compared to the Utility - Electric Power industry's yield of 3.27% and the S&P 500's yield of 1.56%. Taking a look at the company's dividend growth, its current annualized dividend of $0.88 is up 8.6% from last year. CenterPoint Energy has increased its dividend 4 times on a year-over-year basis over the last 5 years for an average annual increase of 8.25%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Right now, CenterPoint's payout ratio is 55%, which means it paid out 55% of its trailing 12-month EPS as dividend. Looking at this fiscal year, CNP expects solid earnings growth. The Zacks Consensus Estimate for 2025 is $1.75 per share, representing a year-over-year earnings growth rate of 8.02%. Investors like dividends for a variety of different reasons, from tax advantages and decreasing overall portfolio risk to considerably improving stock investing profits. However, not all companies offer a quarterly payout. High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. Income investors have to be mindful of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. With that in mind, CNP presents a compelling investment opportunity; it's not only an attractive dividend play, but the stock also boasts a strong Zacks Rank of #2 (Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CenterPoint Energy, Inc. (CNP) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-05-2025
- Business
- Yahoo
CenterPoint Energy's EPS Forecast Prompts Jefferies To Lift Price Target
Julien Dumoulin-Smith, a Jefferies analyst, reiterated his Buy rating on CenterPoint Energy, Inc. (NYSE:CNP) on May 27 while raising his price target from $42 to $43. The analyst's optimism around CNP is predicated on the expectation of more capital expenditure, which is thought to have the potential to surpass the present upside scenario of $2 billion by an additional $3 billion. With an anticipated 8.4% compound annual growth rate in earnings per share over the coming five years, until 2029, CenterPoint Energy's future appears promising. The company's strong cash flow, which might gain from either the extension or the resale of mobile generation assets in 2030, as well as the possible sale of additional gas Local Distribution Company (LDC) assets, supports this forecast. Additionally, Dumoulin-Smith predicts that the company's funds from operations to debt (FFO/D) ratio will improve, rising to 14.4% from the 13.8% predicted for this year—a 60-basis-point increase. While we acknowledge the potential of CNP to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CNP and that has 100x upside potential, check out our report about the cheapest AI stock. Read More: and Disclosure: None.
Yahoo
27-05-2025
- Business
- Yahoo
Spring Storm Update: CenterPoint Energy has restored 90% of the 167,000 outages experienced overnight across Greater Houston
Fewer than 15,000 customers remain out of service as of 4:45 PM on Tuesday Storm was strongest of the spring season with 60-70 mph winds in some locations Hardest-hit areas included North and Central Harris County; Tomball to Bush International Airport; and Kingwood and Humble CenterPoint brought in additional personnel to be prepared to respond to the overnight storms Company is already planning and preparing for Wednesday afternoon storms HOUSTON, May 27, 2025 /PRNewswire/ -- After the strongest storm of the spring season, CenterPoint Energy has restored power to approximately 152,000 customers (or 90%) who experienced an outage overnight due to severe weather, significant lightning and strong winds. The vast majority of CenterPoint's customers did not experience power interruptions despite wind gusts of 60-70 miles per hour in some areas. In addition to our own personnel and contractors, CenterPoint enhanced its workforce and deployed additional resources across the system since midnight last night, with all personnel working to safely repair equipment and restoring power as quickly as possible for the remaining less than 15,000 customers still without power. Ahead of more predicted severe weather Wednesday, and out of an abundance of caution, CenterPoint is activating its Emergency Operations Center, and additional crews are ready to be deployed. "For those who lost power, we know how hard it is to manage your businesses and your lives, and we are working around the clock to restore customers who are able to receive service ahead of more severe weather this week," said Darin Carroll, Senior Vice President, Electric Business. "Safety continues to be our highest priority as we work to restore power for our customers and communities. With damaged trees and power lines we want to remind people to stay at least 35 feet away from downed power lines and report damage to CenterPoint." Actions CenterPoint is taking to respond More than 1,300 personnel deployed to assess damage and restore power. 143 vegetation crews deployed. Activated Emergency Operations Center (EOC) for storm response to proactively address forecasted storms for Wednesday. The initial focus in the storm's aftermath is assessing the type of damage to the electric system and leveraging our smart grid to reroute power on unaffected power lines. For more information and real-time updates, follow us on social media at X and visit our Outage Tracker. We encourage customers to enroll in Power Alert Service® to receive outage details, estimated restoration times, as available or determined, and customer-specific restoration updates sent directly via email, text or phone call. To sign up, visit About CenterPoint Energy, Inc. CenterPoint Energy, Inc. (NYSE: CNP) is a multi-state electric and natural gas delivery company serving approximately 7 million metered customers across Indiana, Minnesota, Ohio, and Texas. The company is headquartered in Houston and is the only Texas-domiciled investor-owned utility. As of March 31, 2025, the company had approximately $44 billion in assets. With approximately 8,300 employees, CenterPoint Energy and its predecessor companies have been serving customers for more than 150 years. For more information, visit For more information, contact: View original content to download multimedia: SOURCE CenterPoint Energy
