Centerpoint

CenterPoint Energy customers to receive savings from first-of-its-kind financing in Indiana

Retrieved on: 
Thursday, June 29, 2023
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Residential customers using approximately 900 kWh per month are expected to see a nearly $5 bill credit per month on their bills.

Key Points: 
  • Residential customers using approximately 900 kWh per month are expected to see a nearly $5 bill credit per month on their bills.
  • In 2021, legislation was passed in Indiana allowing for a securitization pilot program to benefit CenterPoint Energy's Indiana electric customers.
  • The company advocated for the opportunity to demonstrate how this tool could save customers money over traditional utility financing.
  • While CenterPoint Energy is the first utility to use securitization financing in Indiana, this is an established practice that has saved utility customers millions of dollars in nearly 30 states.

CenterPoint Energy proposes innovations to advance a cleaner energy future in Minnesota

Retrieved on: 
Thursday, June 29, 2023
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CenterPoint Energy provides natural gas service to more than 910,000 residential, commercial and industrial customers in Minnesota.

Key Points: 
  • CenterPoint Energy provides natural gas service to more than 910,000 residential, commercial and industrial customers in Minnesota.
  • "Natural gas utilities continue to be indispensable to meeting Minnesota's energy needs," said Christe Singleton, CenterPoint Energy's Vice President, Minnesota Gas.
  • CenterPoint Energy would purchase RNG for its gas supply, reducing lifecycle greenhouse gas emissions attributed to the energy used by customers.
  • CenterPoint Energy is committed to a cleaner energy future by reducing carbon emissions, including a company-wide Net Zero goal by 2035 for Scope 1 and certain Scope 2 emissions.

Annual Condition of Education Shows Breadth of Changes to Education in United States Since the Start of the COVID-19 Pandemic

Retrieved on: 
Wednesday, May 24, 2023
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WASHINGTON, May 24, 2023 /PRNewswire/ -- The 2023 Report on Condition of Education released today by the National Center for Education Statistics (NCES), the statistical center within the U.S. Department of Education's Institute of Education Sciences (IES), presents the challenges of the COVID-19 pandemic in every dimension of American education from prekindergarten (preK) and elementary school through college and beyond.

Key Points: 
  • As part of the 2023 release, NCES is making available several enhancements today to the Condition of Education system.
  • One of these enhancements includes the release of two new indicators spotlighting challenges faced by schools during the coronavirus pandemic.
  • These 184 Digest of Education Statistics tables provide more a more detailed look at the topics discussed within the Condition of Education system.
  • The Report on the Condition of Education is a compilation of statistical information collected and assembled from other statistical products.

CenterPoint Energy Reports Strong Q1 Earnings Results and Reiterates 2023 Guidance

Retrieved on: 
Thursday, April 27, 2023
Utilities, Energy, Transfer, Centerpoint, GAAP, LDC, Sale, CNP, CenterPoint Energy, Impairment (financial reporting), Investment, O&M, CFO, Growth, Weather, EPS, News, NYSE, Safety, Security (finance), Petroleum, Bank

Non-GAAP EPS for the first quarter 2023 was $0.50, or approximately a third of 2023 full-year guidance at the midpoint and represents a 6% increase over the first quarter 2022.

Key Points: 
  • Non-GAAP EPS for the first quarter 2023 was $0.50, or approximately a third of 2023 full-year guidance at the midpoint and represents a 6% increase over the first quarter 2022.
  • Given CenterPoint’s divestiture of its remaining midstream investments during 2022, CenterPoint will be presenting a consolidated non-GAAP EPS guidance range for 2023.
  • In addition to presenting its financial results in accordance with GAAP, including presentation of income (loss) available to common shareholders and diluted earnings (loss) per share, CenterPoint provides guidance based on non-GAAP income and non-GAAP diluted earnings per share.
  • To the extent actual results deviate from these assumptions, the 2023 non-GAAP EPS guidance range may not be met, or the projected annual non-GAAP EPS growth rate may change.

Radisson Blu Mall of America Becomes First Hotel in the World with CarbinX™ Carbon Capture Unit to Reduce Greenhouse Gas Emissions

Retrieved on: 
Tuesday, March 28, 2023
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BLOOMINGTON, Minn., March 28, 2023 /PRNewswire/ -- Today CenterPoint Energy (NYSE: CNP) and Radisson Blu Mall of America, part of Choice Hotels International, Inc. (NYSE: CHH), announced the groundbreaking installation of a carbon-capture technology unit, CarbinX™, developed by CleanO2. This marks the first hotel in the world to use this innovative system that captures greenhouse gas emissions from heating equipment. The installation is part of a program by CenterPoint Energy, Minnesota's largest natural gas utility, to explore the potential of new, cleaner energy technologies.

Key Points: 
  • This marks the first hotel in the world to use this innovative system that captures greenhouse gas emissions from heating equipment.
  • Radisson Blu MOA also expects to reduce its energy bill because the CarbinX unit recycles heat, increasing efficiency in the water heating system to achieve both energy and cost savings.
  • CenterPoint Energy is deploying the CarbinX technology in a pilot program with 10 of its commercial customers in Minnesota, including Radisson Blu MOA.
  • "We are thrilled to be leading the way to the future of hospitality stewardship," said Alberto Abreu, General Manager of Radisson Blu Mall of America.

HILCO REDEVELOPMENT PARTNERS NAMES CHIEF INVESTMENT OFFICER

Retrieved on: 
Monday, March 13, 2023
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CHICAGO, March 13, 2023 /PRNewswire/ -- Hilco Redevelopment Partners (HRP), the real estate redevelopment unit of Hilco Global that reimagines and transforms complex properties nationwide, announced today that the company has named Andrew Chused as Chief Investment Officer (CIO).

Key Points: 
  • CHICAGO, March 13, 2023 /PRNewswire/ -- Hilco Redevelopment Partners (HRP), the real estate redevelopment unit of Hilco Global that reimagines and transforms complex properties nationwide, announced today that the company has named Andrew Chused as Chief Investment Officer (CIO).
  • Chused, a co-founder of the HRP platform, previously served as Head of Investments.
  • As CIO, Chused will chart a course for HRP's long-term investment and portfolio-building plan while remaining essential to HRP's overall strategy around acquisitions, leasing, capital relationships and personnel.
  • Chused's promotion formalizes a senior leadership team that includes co-founder Ben Spera, who was named Chief Operating Officer (COO) in 2021.

The Bay and ReturnBear Partner to Make Returns Easier

Retrieved on: 
Tuesday, January 17, 2023
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TORONTO, Jan. 17, 2023 /CNW/ - The Bay, Canada's leading destination for life and style, is excited to announce it has partnered with ReturnBear , Canada's first end-to-end online returns service provider, to provide its customers with easier returns.

Key Points: 
  • TORONTO, Jan. 17, 2023 /CNW/ - The Bay, Canada's leading destination for life and style, is excited to announce it has partnered with ReturnBear , Canada's first end-to-end online returns service provider, to provide its customers with easier returns.
  • Coinciding with a staggered online launch, customers will see the new process based on their proximity to Hudson's Bay stores.
  • Additionally, ReturnBear drop-off locations have opened in 10 Hudson's Bay stores in Ontario, with rollout planned throughout the Hudson's Bay store network by Spring 2023.
  • Additionally, ReturnBear drop-off points within Hudson's Bay stores will also accept and process returns from other brands in the ReturnBear network.

Fulcrum BioEnergy Successfully Produces First Ever Low-Carbon Fuel from Landfill Waste at its Sierra BioFuels Plant

Retrieved on: 
Tuesday, December 20, 2022
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PLEASANTON, Calif., Dec. 20, 2022 /PRNewswire/ -- Fulcrum BioEnergy, Inc., a clean energy company pioneering the creation of renewable, drop-in transportation fuels from landfill waste, today announced that it has successfully produced a low-carbon synthetic crude oil using landfill waste as a feedstock at its Sierra BioFuels Plant, the world's first commercial-scale landfill waste-to-fuels plant. This significant achievement positions Fulcrum as a renewable fuels leader producing and selling net-zero carbon fuel and addresses climate change by supporting the aviation industry's goals to reduce lifecycle greenhouse gas emissions.

Key Points: 
  • PLEASANTON, Calif., Dec. 20, 2022 /PRNewswire/ -- Fulcrum BioEnergy, Inc. , a clean energy company pioneering the creation of renewable, drop-in transportation fuels from landfill waste, today announced that it has successfully produced a low-carbon synthetic crude oil using landfill waste as a feedstock at its Sierra BioFuels Plant, the world's first commercial-scale landfill waste-to-fuels plant.
  • We look forward to advancing our collaboration with Fulcrum to increase the supply of sustainable aviation fuel."
  • As Fulcrum's first airline investor and fuel offtake partner, we look forward to using SAF produced by Fulcrum very soon.
  • Beginning with the Sierra BioFuels Plant, Fulcrum's plants will provide customers with low-carbon transportation fuel that is competitively priced with traditional petroleum fuel.

Edtech leader Otus adds CenterPoint Education Solutions’ High-Quality Assessments to Platform

Retrieved on: 
Wednesday, November 9, 2022
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Otus , a leader in K-12 student-growth edtech, today announced that CenterPoint Education Solutions Illustrative Math (IM) certified and EL Education aligned interim assessments, along with state standards assessments will now be available on the Otus integrated learning platform.

Key Points: 
  • Otus , a leader in K-12 student-growth edtech, today announced that CenterPoint Education Solutions Illustrative Math (IM) certified and EL Education aligned interim assessments, along with state standards assessments will now be available on the Otus integrated learning platform.
  • With these assessments available on the Otus platform, educators and students will have instant access to high-quality assessments aligned with their curriculum or their states standards.
  • With Otus now hosting CenterPoints IM-certified, EL Education, and standards-aligned interim assessments, students and educators are provided with expanded access to high-quality curriculum-aligned assessments.
  • By integrating CenterPoint Education Solutions assessments into Otus, we are taking a huge step in that direction.

CenterPoint Energy Reports Strong Q3 2022 Results and Updates Long-Term Capital Plan

Retrieved on: 
Tuesday, November 1, 2022
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We remain on track to deliver on our full-year $1.37-$1.39 of non-GAAP EPS for 2022, a 9% growth for the year.

Key Points: 
  • We remain on track to deliver on our full-year $1.37-$1.39 of non-GAAP EPS for 2022, a 9% growth for the year.
  • We are equally excited to provide an updated capital plan that increases our previous $40B-plus customer-driven capital plan by $2.3B to nearly $43B through 2030.
  • Beginning in 2022, CenterPoint no longer separates utility and midstream operations and will report on a consolidated non-GAAP EPS basis.
  • To the extent actual results deviate from these assumptions, the 2022 non-GAAP EPS guidance range may not be met, or the projected annual non-GAAP EPS growth rate may change.