CenterPoint Energy (CNP)
CenterPoint Energy executives appeared before Texas regulators to apologize for the company’s slow restoration following Hurricane Beryl’s landfall and promised to do better next time.
Beleaguered Texas utility CenterPoint Energy has come under fire from the state’s political leadership, lawmakers, regulators and citizens over its slow restoration efforts following a Category 1 hurricane.
Hurricane Beryl ripped through the Houston area after making a landfall on the Texas Gulf Coast July 8 as a Category 1 storm, leaving a trail of death and destruction in its wake.
CenterPoint Energy CFO Jason Wells, named to replace the retiring David Lesar as CEO in January, will "hit the ground running" in 2024.
Xcel Energy, AEP and CenterPoint energy reported lower second-quarter earnings during a down day for utilities and other sectors on Wall Street.
CenterPoint Energy navigated high interest rates and mild winter weather for a "tremendous start" to 2023 and is on its way to deploying $43 billion in capital.
CenterPoint Energy plans to increase its 10-year capital plan to $43 billion through 2030, focusing on additional investments in grid reliability and modernization.
Entergy says it has borrowed from Florida in ensuring its $15 billion, 10-year accelerated resilience plan will upgrade its system against future storm damage.
Texas’ record-breaking heat through June boosted CenterPoint Energy’s second-quarter earnings and led its management to again raise its earning guidance.
CenterPoint executives celebrated their company’s status as a "pure play regulated utility” during a first-quarter earnings call with financial analysts.
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