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CNP-News
CNP-Events
CEO Expects $5 Billion Savings for Texas Customers
"We continue to see accelerated growth opportunities across Greater Houston, where the region's speed-to-market advantage is creating a compelling pipeline of additional customer-driven investment opportunities. This growth also supports affordability as we expect it will drive approximately $5B in savings for Texas residential and commercial customers over the next decade. Beyond today's $4B capital plan increase to expand system capacity to accommodate growth, we see at least another $10 billion of additional opportunities to enable system reliability, enhance safety and drive economic development across our service territories," said CEO Jason Wells. "We believe continuing to invest with discipline and staying true to our proven, customer-driven approach, allows us to sustain our competitive advantage and remain ready for the next wave of customer demand. That positions us well to continue to deliver on one of the industry's most tangible and executable long-term growth plans for the benefit of all our stakeholders".
CenterPoint Energy Sees Non-GAAP EPS Growth of 7%-9% by 2030
CenterPoint Energy sees non-GAAP EPS growth at mid-to-high end of 7%-9% to 2030
CenterPoint Energy Sees 2027 Non-GAAP EPS of $2.07-$2.09
CenterPoint Energy sees 2027 non-GAAP EPS $2.07-$2.09, consensus $2.09
CenterPoint Energy Completes $2.62B Asset Sale
CenterPoint Energy (CNP) completed the previously announced $2.62B sale of its Ohio natural gas Local Distribution Company business, Vectren Energy Delivery of Ohio, to National Fuel Gas Company (NFG), which is headquartered in Western New York. The assets include approximately 5,900 miles of gas transmission and distribution pipeline serving approximately 335,000 metered customers in West Central Ohio. The transaction received all required federal and state approvals necessary to complete the sale, including the completion of a review by the Public Utilities Commission of Ohio. National Fuel will immediately assume responsibility for serving CenterPoint's former Ohio natural gas customers. CenterPoint has previously stated that proceeds from the transaction will support investments across its focused regulated utility footprint.
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