CenterPoint Energy is a Fortune 500 electric and natural gas utility serving several markets in the U.S. states of Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma, and Texas. It was formerly known as Reliant Energy , NorAm Energy, Houston Industries, and HL&P. The company is headquartered in the CenterPoint Energy Tower at 1111 Louisiana Street in Downtown Houston. Some of its notable subscribers include Retail Electric Providers , such as Reliant Energy, Champion Energy, Dynowatt, Ambit Energy, Texas Power, Bounce Energy, MXenergy, Direct Energy, Stream Energy, First Texas Energy Corporation, Gexa Energy and Cirro Energy. Wikipedia.
News Article | May 12, 2017
The gavel has been passed to Kathy Nelson of Great River Energy, who will be the first Chairwoman of the Board of UTC. Kathy Nelson is a Principal Telecommunications Engineer at Great River Energy, a generation and transmission cooperative located in Minnesota which serves 28-member distribution cooperatives in mostly rural areas. She has worked at GRE since 1993 after graduating with a Bachelor of Science Degree in Electrical Engineering from North Dakota State University. Kathy is a licensed professional engineer in Minnesota, Wisconsin, and North Dakota, and primarily works in wireless systems design, focusing on SCADA communications and land mobile radio communications. Kathy has served on the UTC Board of Directors for eight years as Chair of Rural Issues Committee, Chair of Spectrum Committee, Chair of Public Policy Division for four years, Secretary/Treasurer, Vice Chair and now will serve as Chairwoman. "It means a lot to me to be entrusted to lead this great organization in the upcoming year. UTC is the only trade association that focuses on telecommunications and technology issues for all utilities and it serves a unique and vital role for utilities," said Nelson. "It will be an honor to build upon the work from the chairmen who came before me and exciting to see what we will accomplish together this year." Additionally, the Board unanimously elected Roger Bryant from Southern Company as the Vice Chairman and Greg Angst from CenterPoint Energy as the new Secretary/Treasurer. Matt Schnell will continue to serve UTC as Immediate-Past Chairman of the Board. About UTC The Utilities Technology Council (UTC) is a global trade association dedicated to serving critical infrastructure providers. Through advocacy, education and collaboration, UTC creates a favorable business, regulatory and technology environment for our members who own or operate Information and Communication Technology (ICT) systems in support of their core business. www.UTC.org To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/utc-installs-new-chairwoman-and-board-officers-300452621.html
News Article | May 17, 2017
This year's 18-stop, 4,825-mile journey starts outside of Long Beach, CA on Monday, June 5th and concludes in Washington, DC on Friday, June 16th. Event media stops in-between include: Other rally events that tie into the main route will be held in: Additionally, a separate spur will also make its way to Washington, DC via: "The west coast-to-east coast road rally not only dispels the myth of NGV 'range anxiety' but will also draw media attention to the historic VW settlement program," said event coordinator Tom Sheehan. "Every stop will serve to educate states on how NGVs are the most cost-effective use of funds for clean transportation projects as part of the $2.9 billion VW settlement." Each Drive NatGas road rally stop includes good food, a variety of NGVs, award ceremonies and educational opportunities that highlight NGVs' exemplary value proposition. All are welcome and attendees will include state and local government officials and policymakers, the media, NGV customers and advocates, industry stakeholders, DOE Clean Cities coordinators as well as the public. The following organizations are sponsors of this year's event: Agility Fuel Solutions, ampCNG, ANGI Energy Systems, Arkansas Oklahoma Gas Corp, Atlanta Gas Light, Blue Bird Corporation, Blue Energy Fuels, Carolinas Public Gas Association, CenterPoint Energy, City of Richmond - Dept of Public Utilities, Clean Energy Fuels Corp, Clean Fuels Michigan, CNG Cylinders International, Cummins Westport Inc, DeKalb County Government, DTE Energy, EVO CNG, Gibson County Utility District, Greater Dickson Gas Authority, Greater Houston Natural Gas Vehicle Alliance, Greater Indiana Clean Cities Coalition, Knoxville Utilities Board, Municipal Gas Authority of Georgia, National Truck Equipment Association (NTEA), Norwich Clean Cities, Okaloosa Gas District, Oklahoma One-Call, Ozinga Energy, Palmetto State Clean Fuels Coalition, Piedmont Natural Gas, Precision Fitting and Gauge/Precision CNG, Sevier County Utility District, Sheehy Mail Contractors, Inc, South Jersey Gas Company, Southern California Gas Company - a Sempra Company, Southwest Gas Corporation, Staubli Corp, TECO Energy, Tennessee Gas Association, Trillium CNG, TruStar Energy, Tulsa Gas Technologies, Inc, UGI Utilities, Inc, U.S. Venture/GAIN Clean Fuel, Virginia Natural Gas - a Southern Company, WEH Technologies Inc, and Worthington Cylinders. About NGVAmerica NGVAmerica is the national organization driving the use of natural gas as a clean, domestic, safe and abundant transportation fuel. The organization represents more than 200 companies, environmental groups, and government organizations interested in the promotion and use of more clean-burning natural gas in transportation. For more information, visit www.ngvamerica.org. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/the-2017-west-coast-to-east-coast-ngv-road-rally-announced-300459494.html
News Article | May 3, 2017
Futurist Jack Uldrich will speak at five events across the US during the month of May. When it comes to future-proofing your business Global Futurist Jack Uldrich advises, "To change the game, you need to experiment and take risks. And when those experiments and efforts don’t pan out, start unlearning from your mistakes and keep moving forward. It's better to stumble forward than not move at all!" Uldrich regularly speaks to a broad array audiences, from healthcare professionals, and educators, to government officials and manufacturers. His topics range greatly, but almost always include the top 10 future trends, which include things like the Internet of Things, Nanotechnology, wearable technology and Artificial Intelligence (AI.) "AI," says Uldrich, "is like the Industrial Revolution on steroids. It is poised to transform virtually every industry on a scale that will leave many people breathless." The disruptive nature of technologies like AI is in Uldrich's opinion "an excellent opportunity for unlearning." And unlearning happens to be an area Uldrich in which specializes. He is the author of Higher Unlearning: 39 Post-Requisite Lessons for Achieving a Successful Future. In the book, he states among other things, "What you do know is more likely kill you than what you don't know, following the money can cause you to lose money, zoning out is preferable to zoning in, and that ignorance lies at the heart of wisdom." This month he will deliver five keynote speeches as well as several workshops on unlearning across the US. May 8, 2017, Future Trends in E-Commerce and Retail • eBay • San Jose, CA May 11, 2017, Future Trends in Telecommunications • North Dakota Telephone Association • Fargo, ND May 18, 2017, The Future of the Pharmaceutical Industry • Werum • New York City May 26, 2017, The Future of the Energy Industry • CenterPoint Energy • Houston, TX For more information please contact Amy Tomczyk at email@example.com.
News Article | May 4, 2017
"Despite regulatory and weather challenges, the utility is on plan," said OGE Energy Corp. Chairman, President and CEO Sean Trauschke. "Each day, we're adjusting, adapting and moving forward. I could not be more proud of the focus and determination of our team to press forward and create value for those we serve." OGE Energy's net income was $36 million in the first quarter, compared to approximately $25 million in the year-ago quarter. OG&E's net income was approximately $16 million in the first quarter, compared to approximately $6 million in the comparable quarter last year. The primary driver for the increase in net income was the lower depreciation expense related to the reduction in depreciation rates as directed in the Oklahoma Corporation Commission's final order. These increases were partially offset by lower gross margin due in part to milder than normal weather. Natural Gas Midstream Operations contributed net income to OGE Energy Corp. of $20 million for the first quarter of 2017 compared to $18 million for the same period in 2016. The increase is primarily due to increased gross margin and cost controlling measures in the gathering and processing business segment. In addition, Enable Midstream issued cash distributions to OGE of approximately $35 million in each of the first quarters of 2017 and 2016. The Company projects 2017 OG&E earnings guidance to be at the low end of the earnings range of $1.58 to $1.70 per average diluted share based on the Oklahoma Corporation Commission rate order. OGE Energy consolidated earnings guidance for 2017 is now projected to be at the lower end of the earnings range of $1.93 to $2.09 per average diluted share. More information regarding the Company's 2017 earnings guidance is contained in the Company's 2016 Form 10-K and Form 10-Q for the quarter ended March 31, 2017 as filed with the Securities and Exchange Commission. OGE Energy will host a conference call for discussion of the results at 8 a.m. CST on Thursday, May 4. The conference will be available through . OGE Energy Corp. is the parent company of OG&E, a regulated electric utility with approximately 836,000 customers in Oklahoma and western Arkansas. In addition, OGE holds a 25.7 percent limited partner interest and a 50 percent general partner interest of Enable Midstream, created by the merger of OGE's Enogex LLC midstream subsidiary and the pipeline and field services businesses of Houston-based CenterPoint Energy. OG&E has included in this release the non-GAAP financial measure Gross Margin. Gross Margin is defined by OG&E as operating revenues less fuel, purchased power and certain transmission expenses. Gross margin is a non-GAAP financial measure because it excludes depreciation and amortization, and other operation and maintenance expenses. Expenses for fuel and purchased power are recovered through fuel adjustment clauses and as a result changes in these expenses are offset in operating revenues with no impact on net income. OG&E believes gross margin provides a more meaningful basis for evaluating its operations across periods than operating revenues because gross margin excludes the revenue effect of fluctuations in these expenses. Gross margin is used internally to measure performance against budget and in reports for management and the Board of Directors. OG&E's definition of gross margin may be different from similar terms used by other companies. Reconciliation of Gross Margin to Revenue attributable to OG&E Some of the matters discussed in this news release may contain forward-looking statements that are subject to certain risks, uncertainties and assumptions. Such forward-looking statements are intended to be identified in this document by the words "anticipate", "believe", "estimate", "expect", "intend", "objective", "plan", "possible", "potential", "project" and similar expressions. Actual results may vary materially. Factors that could cause actual results to differ materially include, but are not limited to: general economic conditions, including the availability of credit, access to existing lines of credit, access to the commercial paper markets, actions of rating agencies and their impact on capital expenditures; the ability of the Company and its subsidiaries to access the capital markets and obtain financing on favorable terms as well as inflation rates and monetary fluctuations; the ability to obtain timely and sufficient rate relief to allow for recovery of items such as capital expenditures, fuel costs, operating costs, transmission costs and deferred expenditures; prices and availability of electricity, coal, natural gas and NGLs; the timing and extent of changes in commodity prices, particularly natural gas and NGLs, the competitive effects of the available pipeline capacity in the regions Enable serves, and the effects of geographic and seasonal commodity price differentials, including the effects of these circumstances on re-contracting available capacity on Enable's interstate pipelines; the timing and extent of changes in the supply of natural gas, particularly supplies available for gathering by Enable's gathering and processing business and transporting by Enable's interstate pipelines, including the impact of natural gas and NGLs prices on the level of drilling and production activities in the regions Enable serves; business conditions in the energy and natural gas midstream industries, including the demand for natural gas, NGLs, crude oil and midstream services; competitive factors including the extent and timing of the entry of additional competition in the markets served by the Company; the impact on demand for our services resulting from cost-competitive advances in technology, such as distributed electricity generation and customer energy efficiency programs; technological developments, changing markets and other factors that result in competitive disadvantages and create the potential for impairment of existing assets; factors affecting utility operations such as unusual weather conditions; catastrophic weather-related damage; unscheduled generation outages, unusual maintenance or repairs; unanticipated changes to fossil fuel, natural gas or coal supply costs or availability due to higher demand, shortages, transportation problems or other developments; environmental incidents; or electric transmission or gas pipeline system constraints; availability and prices of raw materials for current and future construction projects; the effect of retroactive pricing of transactions in the SPP markets or adjustments in market pricing mechanisms by the SPP; Federal or state legislation and regulatory decisions and initiatives that affect cost and investment recovery, have an impact on rate structures or affect the speed and degree to which competition enters the Company's markets; environmental laws, safety laws or other regulations that may impact the cost of operations or restrict or change the way the Company operates its facilities; changes in accounting standards, rules or guidelines; the discontinuance of accounting principles for certain types of rate-regulated activities; the cost of protecting assets against, or damage due to, terrorism or cyberattacks and other catastrophic events; creditworthiness of suppliers, customers and other contractual parties; social attitudes regarding the utility, natural gas and power industries; identification of suitable investment opportunities to enhance shareholder returns and achieve long-term financial objectives through business acquisitions and divestitures; increased pension and healthcare costs; costs and other effects of legal and administrative proceedings, settlements, investigations, claims and matters; difficulty in making accurate assumptions and projections regarding future revenues and costs associated with the Company's equity investment in Enable that the Company does not control; and other risk factors listed in the reports filed by the Company with the Securities and Exchange Commission including those listed in Risk Factors in the Company's Form 10-K for the year ended December 31, 2016. Note: Consolidated Statements of Income, Financial and Statistical Data attached. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/oge-energy-corp-reports-first-quarter-results-300451256.html
News Article | April 5, 2017
HOUSTON, April 5, 2017 (GLOBE NEWSWIRE) -- CenterPoint Energy, Inc. (NYSE:CNP) announces the following webcast -- Date: May 5, 2017 Time: 11:00 AM ET Click the link "CenterPoint Energy, Inc. First Quarter 2017 Earnings Conference Call Webcast" Schedule this webcast into MS-Outlook calendar (click open when prompted): http://apps.shareholder.com/PNWOutlook/t.aspx?m=71409&k=09805217 CenterPoint Energy, Inc., headquartered in Houston, Texas, is a domestic energy delivery company that includes electric transmission & distribution, natural gas distribution and energy services operations. The company serves more than five million metered customers primarily in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma, and Texas. The company also owns a 54.1 percent limited partner interest in Enable Midstream Partners, a publicly traded master limited partnership it jointly controls with OGE Energy Corp., which owns, operates and develops natural gas and crude oil infrastructure assets. With more than 7,700 employees, CenterPoint Energy and its predecessor companies have been in business for more than 140 years. For more information, visit the website at www.CenterPointEnergy.com.
News Article | May 5, 2017
Operating income for the first quarter of 2017 was $274 million, compared with $250 million in the first quarter of the prior year. Equity income from midstream investments was $72 million for the first quarter of 2017, compared with $60 million for the first quarter of the prior year. The company continues to execute its rate recovery strategy. Recent developments include a $16.5 million settlement for Natural Gas Distribution's Houston and Texas Coast division's rate case, which is anticipated to become effective during the second quarter; a $9.3 million Formula Rate Plan (FRP) adjustment proposed in Arkansas; and a $44.6 million annual Distribution Cost Recovery Factor (DCRF) increase proposed by Houston Electric. "We are off to a strong start this year despite a challenging winter," said Scott M. Prochazka, president and chief executive officer of CenterPoint Energy. "Continued growth across our service territories, rate recovery and Midstream's performance all contributed to the EPS gains we delivered this quarter." The electric transmission & distribution segment reported operating income of $78 million for the first quarter of 2017, consisting of $58 million from the regulated electric transmission & distribution utility operations (TDU) and $20 million related to securitization bonds. Operating income for the first quarter of 2016 was $83 million, consisting of $59 million from the TDU and $24 million related to securitization bonds. Operating income for the TDU benefited primarily from rate relief and customer growth. These benefits were more than offset by higher depreciation and amortization expense, lower equity return and lower usage, primarily due to milder weather. The natural gas distribution segment reported operating income of $164 million for the first quarter of 2017, compared with $160 million for the same period of 2016. Operating income benefited from rate relief, a one-time Minnesota property tax refund and customer growth. These increases were partially offset by lower usage due to milder weather and higher depreciation and amortization expense. The energy services segment reported operating income of $35 million for the first quarter of 2017, which included a mark-to-market gain of $15 million, compared with $6 million for the same period in 2016, which included a mark-to-market loss of $9 million. Excluding mark-to-market adjustments, operating income was $20 million for the first quarter of 2017 compared with $15 million for the same period of 2016. The $5 million increase in operating income was primarily due to an increase of throughput and number of customers related to the acquisitions in the past 12 months of both Atmos Energy Marketing and the energy service business of Continuum. The midstream investments segment reported $72 million of equity income for the first quarter of 2017, compared with $60 million in the first quarter of the prior year. As previously announced on Jan. 6, 2017, the company expects to spend $1.5 billion in capital this year. Houston Electric expects to invest $922 million to support sustained customer growth, reliability and safety. Natural Gas Distribution expects to invest $534 million to accommodate continued growth and pipe replacement needs in its six-state service territory. On April 3, 2017, the company submitted a proposal to the Electric Reliability Council of Texas requesting endorsement for a $250 million transmission project to meet the load of the growing petrochemical industry in the Freeport, Texas area. Capital expenditures for the project would be incremental to the 5-year capital plan disclosed in the 2016 Form 10-K. On a consolidated basis, CenterPoint Energy reaffirms its earnings estimate for 2017 in the range of $1.25 - $1.33 per diluted share. This guidance includes anticipated utility operations earnings of $0.93 - $0.97 per diluted share and anticipated midstream investment earnings of $0.31 - $0.37 per diluted share. The utility operations guidance range considers performance to date and certain significant variables that may impact earnings, such as weather, regulatory and judicial proceedings, throughput, commodity prices, effective tax rates, and financing activities. In providing this guidance, the company uses a non-GAAP measure of adjusted diluted earnings per share that does not consider other potential impacts, such as changes in accounting standards or unusual items, earnings or losses from the change in the value of the ZENS securities and the related stocks, or the timing effects of mark-to-market accounting in the company's Energy Services business. In providing guidance for midstream investments, the company assumes ownership of 54.1 percent of the common and subordinated units representing limited partner interests in Enable Midstream and includes the amortization of CenterPoint Energy's basis differential in Enable Midstream. CenterPoint Energy's guidance takes into account such factors as Enable Midstream's most recent public outlook for 2017 dated May 3, 2017, and effective tax rates. The company does not include other potential impacts, such as any changes in accounting standards or Enable Midstream's unusual items. Filing of Form 10-Q for CenterPoint Energy, Inc. Today, CenterPoint Energy, Inc. filed with the Securities and Exchange Commission (SEC) its Quarterly Report on Form 10-Q for the period ended March 31, 2017. A copy of that report is available on the company's website, under the Investors section. Other filings the company makes with the SEC and certain documents relating to its corporate governance can also be found under the Investors section. CenterPoint Energy's management will host an earnings conference call on Friday, May 5, 2017, at 10:00 a.m. Central time / 11:00 a.m. Eastern time. Interested parties may listen to a live audio broadcast of the conference call on the company's website under the Investors section. A replay of the call can be accessed approximately two hours after the completion of the call and will be archived on the website for at least one year. CenterPoint Energy, Inc., headquartered in Houston, Texas, is a domestic energy delivery company that includes electric transmission & distribution, natural gas distribution and energy services operations. The company serves more than five million metered customers primarily in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma, and Texas. The company also owns 54.1 percent of the common and subordinated units representing limited partner interests in Enable Midstream Partners, a publicly traded master limited partnership it jointly controls with OGE Energy Corp., which owns, operates and develops natural gas and crude oil infrastructure assets. With more than 7,700 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, go to www.CenterPointEnergy.com. This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements 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 regarding future earnings, and future financial performance and results of operations, including, but not limited to earnings guidance, targeted dividend growth rate and any other statements that are not historical facts are forward-looking statements. Each forward-looking statement contained in this news release speaks only as of the date of this release. Factors that could affect actual results include (1) state and federal legislative and regulatory actions or developments affecting various aspects of CenterPoint Energy's businesses (including the businesses of Enable Midstream Partners (Enable Midstream)), including, among others, energy deregulation or re-regulation, pipeline integrity and safety, health care reform, financial reform, tax legislation, and actions regarding the rates charged by CenterPoint Energy's regulated businesses; (2) state and federal legislative and regulatory actions or developments relating to the environment, including those related to global climate change; (3) recording of non-cash goodwill, long-lived asset or other than temporary impairment charges by or related to Enable Midstream; (4) timely and appropriate rate actions that allow recovery of costs and a reasonable return on investment; (5) the timing and outcome of any audits, disputes or other proceedings related to taxes; (6) problems with construction, implementation of necessary technology or other issues with respect to major capital projects that result in delays or in cost overruns that cannot be recouped in rates; (7) industrial, commercial and residential growth in CenterPoint Energy's service territories and changes in market demand, including the effects of energy efficiency measures and demographic patterns; (8) the timing and extent of changes in commodity prices, particularly natural gas and natural gas liquids, and the effects of geographic and seasonal commodity price differentials, and the impact of commodity changes on producer related activities; (9) weather variations and other natural phenomena, including the impact on operations and capital from severe weather events; (10) any direct or indirect effects on CenterPoint Energy's facilities, operations and financial condition resulting from terrorism, cyber-attacks, data security breaches or other attempts to disrupt its businesses or the businesses of third parties, or other catastrophic events; (11) the impact of unplanned facility outages; (12) timely and appropriate regulatory actions allowing securitization or other recovery of costs associated with any future hurricanes or natural disasters; (13) changes in interest rates or rates of inflation; (14) commercial bank and financial market conditions, CenterPoint Energy's access to capital, the cost of such capital, and the results of its financing and refinancing efforts, including availability of funds in the debt capital markets; (15) actions by credit rating agencies; (16) effectiveness of CenterPoint Energy's risk management activities; (17) inability of various counterparties to meet their obligations; (18) non-payment for services due to financial distress of CenterPoint Energy's and Enable Midstream's customers; (19) the ability of GenOn Energy, Inc. (formerly known as RRI Energy, Inc.), a wholly owned subsidiary of NRG Energy, Inc., and its subsidiaries to satisfy their obligations to CenterPoint Energy and its subsidiaries; (20) the ability of retail electric providers, and particularly the largest customers of the TDU, to satisfy their obligations to CenterPoint Energy and its subsidiaries; (21) the outcome of litigation; (22) CenterPoint Energy's ability to control costs, invest planned capital, or execute growth projects; (23) the investment performance of pension and postretirement benefit plans; (24) potential business strategies, including restructurings, joint ventures, and acquisitions or dispositions of assets or businesses, for which no assurance can be given that they will be completed or will provide the anticipated benefits to CenterPoint Energy; (25) acquisition and merger activities and successful integration of such activities, involving CenterPoint Energy, Enable Midstream or their competitors; (26) the ability to recruit, effectively transition and retain management and key employees and maintain good labor relations; (27) future economic conditions in regional and national markets and their effects on sales, prices and costs; (28) the performance of Enable Midstream, the amount of cash distributions CenterPoint Energy receives from Enable Midstream, and the value of its interest in Enable Midstream, and factors that may have a material impact on such performance, cash distributions and value, including certain of the factors specified above and: (A) the integration of the operations of the businesses contributed to Enable Midstream; (B) the achievement of anticipated operational and commercial synergies and expected growth opportunities, and the successful implementation of Enable Midstream's business plan; (C) competitive conditions in the midstream industry, and actions taken by Enable Midstream's customers and competitors, including the extent and timing of the entry of additional competition in the markets served by Enable Midstream; (D) the timing and extent of changes in the supply of natural gas and associated commodity prices, particularly natural gas and natural gas liquids, the competitive effects of the available pipeline capacity in the regions served by Enable Midstream, and the effects of geographic and seasonal commodity price differentials, including the effects of these circumstances on re-contracting available capacity on Enable Midstream's interstate pipelines; (E) the demand for crude oil, natural gas, NGLs and transportation and storage services; (F) changes in tax status; (G) access to growth capital; and (H) the availability and prices of raw materials for current and future construction projects; (29) effective tax rate; (30) the effect of changes in and application of accounting standards and pronouncements; (31) other factors discussed in CenterPoint Energy's Annual Report on Form 10-K for the fiscal year ended December 31, 2016, as well as in CenterPoint Energy's Quarterly Report on Form 10-Q for the quarter ended March 31, 2017 and other reports CenterPoint Energy or its subsidiaries may file from time to time with the Securities and Exchange Commission. Use of Non-GAAP Financial Measures by CenterPoint Energy in Providing Guidance In addition to presenting its financial results in accordance with generally accepted accounting principles (GAAP), including presentation of net income and diluted earnings per share, CenterPoint Energy also provides guidance based on adjusted net income and adjusted diluted earnings per share, which are non-GAAP financial measures. Generally, a non-GAAP financial measure is a numerical measure of a company's historical or future financial performance that excludes or includes amounts that are not normally excluded or included in the most directly comparable GAAP financial measure. CenterPoint Energy's adjusted net income and adjusted diluted earnings per share calculation excludes from net income and diluted earnings per share, respectively, the impact of ZENS and related securities and mark-to-market gains or losses resulting from the company's Energy Services business. CenterPoint Energy is unable to present a quantitative reconciliation of forward looking adjusted net income and adjusted diluted earnings per share because changes in the value of ZENS and related securities and mark-to-market gains or losses resulting from the company's Energy Services business are not estimable. Management evaluates the company's financial performance in part based on adjusted net income and adjusted diluted earnings per share. We believe that presenting these non-GAAP financial measures enhances an investor's understanding of CenterPoint Energy's overall financial performance by providing them with an additional meaningful and relevant comparison of current and anticipated future results across periods. The adjustments made in these non-GAAP financial measures exclude items that Management believes does not most accurately reflect the company's fundamental business performance. These excluded items are reflected in the reconciliation tables of this news release, where applicable. CenterPoint Energy's adjusted net income and adjusted diluted earnings per share non-GAAP financial measures should be considered as a supplement to, and not as a substitute for, or superior to, net income and diluted earnings per share, which respectively are the most directly comparable GAAP financial measures. These non-GAAP financial measures also may be different than non-GAAP financial measures used by other companies. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/centerpoint-energy-reports-first-quarter-2017-earnings-of-044-per-diluted-share-037-per-diluted-share-on-a-guidance-basis-300452123.html
News Article | February 15, 2017
MEA and Devtech are hosting a training event for workers in the energy industry February 21-22, 2017 in Avon Park, Fl. The two-day course is intended for foremen, crew leads, craft and shift supervisors. The event, entitled Field Leader Training, gives line crew leaders practical, hands-on experience in how to effectively lead their crews. The job of a utility industry crew leader differs from that of the crew worker and require non-technical leadership skills. Additionally, crew leaders are responsible for the work of others, not just themselves. The training features work on self-awareness to build trust, communication skills to navigate team dynamics, and resolution tools for workplace conflict. Using real-life energy delivery examples, front line team leaders receive practical, hands-on experience in how to effectively direct the activities of their crew and communicate with management. The situations and cases will be similar to those they encounter on the job all the time. The instructor, Frank Liedtky, has over 25 years’ experience as a Central Dispatch Supervisor, Gas Superintendent. Kelly O'Keefe, product manager, at CenterPoint Energy says, "I highly recommend the Field Leader Training Program. The role-playing exercises were extremely helpful. It should be required training for all supervisors and managers, regardless of how long they have been on the job." On Tuesday evening, MEA and Devtech are offering an opportunity to talk with Richard Stump, MEA’s compliance director. Stump is responsible for the overall management of the compliance issues that affect MEA’s members. He is a member of the ASME B31Q committee and speaks on the state of the OQ rule and other compliance issues at compliance and gas operations conferences throughout the country. Prior to joining MEA, Stump worked for 35 years at Consumers Energy, where he held leadership positions in a number of areas including planning, project management, and various compliance and quality programs. His work experiences include both gas and electric, and generation, transmission and distribution. Stump earned an MBA from Wayne State University. Visit http://www.midwestenergy.org/field-leader-training.html to register for MEA’s Field Leader Training at Devtech. For questions or to schedule a customized Field Leader Training session, contact Chad Shannon at chads (at) midwestenergy (dot) org or call (651) 289-9600 x112. About Devtech: Devtech Sales, Inc. was founded 1/1/11 by Charles Devlin. The Devtech Team is made up of devoted industry professionals with decades of experience. As our product lines signify, Devtech is focused on the natural gas, propane gas, power and industrial markets. We provide a variety of engineered measurement and control products in these industries such as gas meters, valves, odorizers, filters, instruments, flow correctors and computers, gauges, prefabricated meter & regulator sets & stations/skids, and automatic meter reading systems. Our customers can be assured of one important fact, Devtech stands behind every product we sell. Devtech has an experienced sales and service staff as well as an in-house training center where industry related seminars and schools are hosted year round. Devtech's President and Owner Charles Devlin has been in the industry for over twenty-five years having served as co-owner and President of a rep. company from 1992-2010. We are proud members of the Florida Natural Gas Association and Florida Energy Pipeline Association. Lastly and most importantly we are respectful and proud of our heritage, and we are committed to representing both our principals and customers in a professional, Christian manner. About MEA: MEA serves the people that deliver electricity and natural gas to homes and businesses. MEA (Midwest ENERGY Association) was founded as a trade association over 100 years ago by distribution utilities, whose vision was to improve safety and efficiency. Today, energy delivery companies and their contractors around the globe benefit from MEA's industry learning seminars, operations summits, and other events. Members collaborated to develop EnergyU, the world's premier online training and testing system for gas and electric distribution utilities.
News Article | January 18, 2017
HOUSTON, Jan. 18, 2017 (GLOBE NEWSWIRE) -- CenterPoint Energy, Inc. (NYSE:CNP) announces the following webcast -- Click the link "CenterPoint Energy, Inc. Fourth Quarter and Full Year 2016 Earnings Conference Call Webcast" Schedule this webcast into MS-Outlook calendar (click open when prompted): http://apps.shareholder.com/PNWOutlook/t.aspx?m=71399&k=23FD4030 CenterPoint Energy, Inc., headquartered in Houston, Texas, is a domestic energy delivery company that includes electric transmission & distribution, natural gas distribution and energy services operations. The company serves more than five million metered customers primarily in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma, and Texas. The company also owns a 54.1 percent limited partner interest in Enable Midstream Partners, a publicly traded master limited partnership it jointly controls with OGE Energy Corp., which owns, operates and develops natural gas and crude oil infrastructure assets. With more than 7,800 employees, CenterPoint Energy and its predecessor companies have been in business for more than 140 years. For more information, visit the website at www.CenterPointEnergy.com.
News Article | March 1, 2017
HOUSTON, March 1, 2017 /PRNewswire/ -- CenterPoint Energy (NYSE: CNP) announced the following executive organizational changes effective today: Scott Doyle has been named senior vice president of Natural Gas Distribution, responsible for financial and operational results in the...
News Article | February 28, 2017
HOUSTON, Feb. 28, 2017 /PRNewswire/ -- Company reiterates 2017 EPS guidance of $1.25 - $1.33. Earnings growth driven by Utility rate relief and continued customer growth, Increased contribution from CenterPoint Energy Services, partially attributable...