CenterPoint Energy (CNP) Stock

Teams in Texas, Louisiana, and Mississippi are getting ready for possible storms and severe weather this weekend, while those in Indiana and Ohio are preparing for ice and snowstorms expected next week. CenterPoint Energy is closely watching the forecast for severe cold weather that may affect its service areas in these states. To prepare, the company has taken steps to improve and winterize its electric and natural gas systems and has checked important equipment for cold weather readiness.

CenterPoint Energy is urging customers to focus on safety and energy efficiency in 2025 with a straightforward New Year's resolution checklist. This list offers tips that can help save energy, enhance safety, and make home life easier. By making both small and significant changes, customers can kick off the year positively.

CenterPoint Energy has suggested sending 15 large emergency generation units to the San Antonio area for two years, starting in Spring 2025, without making any profit from this initiative. This plan aims to assist the Electric Reliability Council of Texas (ERCOT) and address the expected electricity supply shortage in summer 2025. Additionally, it is expected to lower electricity bills for customers in the Greater Houston Area beginning in Spring 2025.

HOUSTON, Dec. 13, 2024 /PRNewswire/ -- CenterPoint Energy, Inc. (NYSE: CNP) announced that its Board of Directors has approved a regular quarterly cash dividend of $0.2200 per share for its Common Stock. This dividend will be paid on March 13, 2025, to shareholders who are on record by the end of business on February 20, 2025. This amount is an increase of $0.010 compared to the previous quarter.

CenterPoint Energy is starting a "12 Days of Holiday Safety" campaign to help people stay safe during the holiday season and prepare for winter storms in 2025. This initiative will share daily safety tips and resources on social media to assist customers in getting ready for winter weather. The campaign aims to promote safety and preparedness among friends, family, and neighbors.

CenterPoint (CNP) shared its earnings report 30 days ago. What can we expect for the stock moving forward?

CenterPoint Energy has submitted a settlement agreement to the Minnesota Public Utilities Commission regarding its rate case from November 2023. This agreement aims to change natural gas distribution service rates for 2024 and 2025. The company has reached this settlement with various parties, including the Minnesota Department of Commerce and the Minnesota Office of Attorney General.

CenterPoint Energy has made significant progress in enhancing storm resilience in the Greater Houston area as part of its Greater Houston Resiliency Initiative. In just two months, the company has installed nearly 4,600 stronger poles, cleared over 800 miles of risky vegetation, and put more than 100 miles of power lines underground. Additionally, they have added numerous intelligent grid switching devices to improve restoration times during extreme weather events.

The announcement comes after the addition of 350 miles of strengthened powerlines, along with other improvements made during the first phase of the Greater Houston Resiliency Initiative. On November 14, 2024, CenterPoint Energy revealed that it has finished all 42 key actions it promised to state leaders and customers following Hurricane Beryl to enhance the electric system and its response to storms.