CENTERPOINT ENERGY INC (CNP) Risk Factors

Recent key developments

Concrete developments — dated events, named agreements and instruments, legal proceedings — that CENTERPOINT ENERGY INC surfaced in its latest filing.

• Lawsuits filed against CenterPoint Energy alleging wrongful death, personal injury, and property damage from the February 2021 Winter Storm Event.February 2021
• In June 2022, F.B. Culley Unit 3 suffered a boiler feed pump turbine failure, resulting in an outage of nearly nine months.June 2022
• In 2024, Hurricane Beryl caused significant damage to Houston Electric's electric delivery system and extended customer outages.2024
• 2025 IRP preferred retirement of F.B. Culley Unit 2 by end of 2025.2025
• U.S. Department of Energy issued emergency order 202(c) in December 2025 directing continued operation of F.B. Culley Unit 2 through March 23, 2026.December 2025
• 2022/2023 IRP recommended conversion of F.B. Culley Unit 3 from coal to natural gas by 2027.2022/2023
• 2025 IRP deferred the decision regarding F.B. Culley Unit 3's replacement to a future IRP.2025
• Indiana Electric terminated several wind and solar projects in 2025 due to MISO interconnection delays, cost increases, and customer affordability concerns.2025
• Following the February 2021 Winter Storm Event, multiple REPs filed for bankruptcy.February 2021
• In June 2025, Houston Electric entered into the ERCOT Transaction to release large TEEEF units to ERCOT at CPS Energy facilities to serve greater San Antonio until March 2027.June 2025
• In November 2025, Houston Electric proposed to release its medium TEEEF units and remove associated lease costs from rates.November 2025
• In 2024, the TCA filed a complaint with PUCT requesting an end to cost recovery and return on investment on Houston Electric's large and medium TEEEF units.2024
• 2024 Houston Electric general rate case settled with an overall revenue requirement decrease of approximately $47 million and a 9.65% ROE.2024
• In October 2022, the MPUC disallowed recovery of approximately $36 million of the $409 million originally requested by CERC for costs from the February 2021 Winter Storm Event.October 2022
• Houston Electric’s SRP, approved by the PUCT in November 2025, includes twenty-seven resiliency measures totaling approximately $2.68 billion in capital investments.November 2025
• CenterPoint Energy closed the sale of its Energy Systems Group business on June 30, 2023.June 30, 2023
• Announced sale of Ohio natural gas LDC business under Ohio Securities Purchase Agreement dated October 20, 2025, expected to close in Q4 2026.October 20, 2025
• Collective bargaining agreements with IBEW Locals 1393 and USW Locals 12213 & 7441 (Indiana Gas employees) expire in December 2026.December 2026
• Collective bargaining agreement with IBEW Local 66 (Houston Electric employees) expires in May 2026.May 2026
• Collective bargaining agreement with OPEIU Local 12 (CERC employees in Minnesota) expired in December 2025 and negotiations are ongoing.December 2025
• Houston Electric is seeking to recover Hurricane Beryl and certain other storm restoration costs through non-recourse system restoration bonds, with expected net proceeds on February 26, 2026.February 26, 2026
• Announced 10-year capital plan plans to invest at least $65.5 billion through 2035.2035
• CenterPoint Energy's previously owned Energy Systems Group business has performance and warranty obligations, some of which are guaranteed by CenterPoint Energy.
• The recent sale of CenterPoint Energy's Louisiana and Mississippi natural gas LDC businesses.
• The announced sale of CenterPoint Energy's Ohio natural gas LDC business.
• Houston Electric adopted ring-fencing measures in connection with its 2019 rate case proceeding.2019
• MPUC ordered extraordinary gas costs from the February 2021 Winter Storm Event be recovered over a 63-month period from 2022–2027.2022-2027
• In 2025, the Governor of Indiana directed the commissioner of the OUCC to evaluate utilities' profits and find cost-saving measures.2025
• President Trump in 2025 signed an executive order to terminate all environmental justice offices, positions, initiatives, programs, and activities in the federal government.2025