UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| Securities registered pursuant to Section 12(b) of the Act: | |||
| Registrants | Title of each class | Trading Symbol(s) |
Name of each exchange on which registered |
| CenterPoint Energy, Inc. | |||
| NYSE Chicago | |||
| CenterPoint Energy Houston Electric, LLC | |||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2).
Emerging Growth Company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 8.01 Other Events.
On August 1, 2024, CenterPoint Energy Houston Electric, LLC (“Houston Electric”), an indirect, wholly-owned subsidiary of CenterPoint Energy, Inc. (the “Company”), announced that it is withdrawing both its application with the Public Utility Commission of Texas (“PUCT”) requesting authority to change rates and charges for electric transmission and distribution service (Docket No. 56211) (“general rate case”) filed with the PUCT on March 6, 2024 and its application for approval of its transmission and distribution system resiliency plan (Docket No. 56548) (“system resiliency plan”) filed with the PUCT on April 29, 2024, in order to focus on addressing the impacts of Hurricane Beryl in its service territory and accelerating preparedness and resiliency efforts for the remaining storm season. As previously disclosed, Houston Electric was previously granted abatements of both its general rate case and system resiliency plan applications in July 2024. Houston Electric expects to complete a broader assessment of additional system resiliency opportunities and would intend to refile a subsequent system resiliency plan.
Item 7.01 Regulation FD Disclosure.
On August 1, 2024, the Company issued a press release announcing the withdrawal of Houston Electric’s general rate case and system resiliency plan applications. A copy of this press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.
The information provided in this Item 7.01 (including Exhibit 99.1) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, except as expressly set forth by specific reference in such filing.
The Company reaffirms its previously announced non-GAAP earnings guidance.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
EXHIBIT |
EXHIBIT DESCRIPTION | |
| 99.1 | Press Release issued by the Company on August 1, 2024 | |
| 104 | Cover Page Integrative Data File (embedded within the Inline XBRL document). |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| CENTERPOINT ENERGY, INC. | ||
| Date: August 1, 2024 | By: | /s/ Kristie L. Colvin |
| Kristie L. Colvin | ||
| Senior Vice President and Chief Accounting Officer | ||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| CENTERPOINT ENERGY HOUSTON ELECTRIC, LLC | ||
| Date: August 1, 2024 | By: | /s/ Kristie L. Colvin |
| Kristie L. Colvin | ||
| Senior Vice President and Chief Accounting Officer | ||
Exhibit 99.1
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For more information,
contact Communications Media.Relations@CenterPointEnergy.com |
For Immediate Release
CenterPoint Energy Withdraws 2024 Rate Case Filing: “To rebuild trust, we will be laser focused on accelerating and improving resiliency for this hurricane season.”
CEO Wells: “Nothing is more important than being ready for the next hurricane and rebuilding the trust of our community.”
Houston – August 1, 2024 – Today, CenterPoint Energy (“CenterPoint”) announced the utility is withdrawing its base rate case, currently being reviewed by the Public Utility Commission of Texas (PUCT), as part of a company-wide commitment to act urgently and immediately to improve and strengthen the resiliency of the energy system during this hurricane season.
“We are acting urgently to strengthen our resiliency, improve our communications and emergency coordination. We believe any delay or distraction from this mission is unacceptable. Our company’s collective focus for the remainder of this hurricane season will be on being ready: that is our mission. Nothing is more important than being ready for the next hurricane and rebuilding the trust of the community we are privileged to serve,” CenterPoint President and CEO Jason Wells said.
In the aftermath of Hurricane Beryl, CenterPoint announced its Plan of Actions, which include more than 40 initial actions to address the resiliency of the electric system, improve customer communications and strengthen emergency response coordination and partnerships.
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About CenterPoint Energy, Inc.
As the only investor-owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Indiana, Louisiana, Minnesota, Mississippi, Ohio and Texas. With approximately 9,000 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.
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For more information,
contact Communications Media.Relations@CenterPointEnergy.com |
For Immediate Release
Forward-looking Statements
This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this news release, the words "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "goal," "intend," "may," "objective," "plan," "potential," "predict," "projection," "should," "target," "will" or other similar words are intended to identify forward-looking statements. 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 events 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. Important factors that could cause actual results to differ materially from those indicated by the provided forward-looking information include risks and uncertainties relating to: (1) the impact of pandemics, including the COVID-19 pandemic; (2) financial market conditions; (3) general economic conditions; (4) the timing and impact of future regulatory and legislative decisions; and (5) other factors, risks and uncertainties discussed in CenterPoint Energy's Annual Report on Form 10-K for the fiscal year ended December 31, 2023 and CenterPoint's Quarterly Reports on Form 10-Q for the quarters ended March 31, 2024 and June 30, 2024 and other reports CenterPoint Energy or its subsidiaries may file from time to time with the Securities and Exchange Commission.
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