CenterPoint Energy Outlines Plan to Minimize May 2024 Derecho Storm Bill Impact for Electric Customers [Yahoo! Finance]
CenterPoint Energy, Inc (Holding Co) (CNP)
Last centerpoint energy, inc (holding co) earnings: 2/27 06:30 am
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Source: Yahoo! Finance
Financial method expected to save customers more than $50 million in interest charges Derecho storm caused more than an estimated $5 billion in damages across the Greater Houston area unrelated to CenterPoint infrastructure HOUSTON Nov. 8, 2024 /PRNewswire/ -- As part of its commitment to keeping customer bills more affordable, CenterPoint Energy today filed the first phase of a securitization plan (a lower cost way of financing recovery costs over a longer time period time) with the Public Utility Commission of Texas (PUCT) that would minimize the customer impact of the major May 2024 Derecho and late May storms, that resulted in approximately $450 million in repair, equipment and emergency response costs outside of CenterPoint's normal annual rates as set by the PUCT. Using this method of financing is expected to save customers more than $50 million in interest charges over the 15-year period. The May 16 th Derecho caused more than an estimated $5 billion in damages across th
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News
- CenterPoint Energy, Inc. (NYSE: CNP) had its price target lowered by analysts at Morgan Stanley from $32.00 to $31.00. They now have an "equal weight" rating on the stock.MarketBeat
- Greater Houston Resiliency Initiative Progress Update: CenterPoint Energy Makes Significant Advances on Critical Resiliency ActionsPR Newswire
- CenterPoint Energy Completes All 42 of Its Initial Post-Beryl Commitments to Improve Resiliency and Strengthen Emergency Operations [Yahoo! Finance]Yahoo! Finance
- CenterPoint Energy Completes All 42 of Its Initial Post-Beryl Commitments to Improve Resiliency and Strengthen Emergency OperationsPR Newswire
- Is Now An Opportune Moment To Examine CenterPoint Energy, Inc. (NYSE:CNP)? [Yahoo! Finance]Yahoo! Finance
CNP
Earnings
- 10/28/24 - Miss
CNP
Sec Filings
- 11/14/24 - Form SC
- 11/12/24 - Form 8-K
- 10/31/24 - Form 8-K
- CNP's page on the SEC website