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2024 Annual Report
Dear Fellow Shareholders, At CenterPoint Energy, we understand there is no greater privilege than serving the millions of people who receive electric and natural gas service from us in the thousands of cities and communities across our service territories in Texas, Indiana, Louisiana, Minnesota, Mississippi and Ohio. Our nearly 9,000 coworkers rise to the occasion each day to provide vital services that enable everyday life, drive economic development and growth, and provide for secure communities. Our customer focus grew in prominence in 2024 as we worked to regain trust in our Greater Houston service area following multiple unprecedented weather events which impacted electric service to a significant number of the 2.8 million homes and businesses we serve. We held ourselves accountable to address the feedback we received from our numerous stakeholders. In the second half of 2024, we accelerated our investments in resiliency and began executing an action plan to build the most resilient coastal grid in the nation. Nearly 9,000 coworkers rise to the occasion each day Serving more than 7 million homes and businesses with natural gas and electricity This plan outlines dozens of resiliency measures that are designed to strengthen tens of thousands of miles of our transmission and distribution system, deploy additional automation, and increase situational awareness as we work to improve the customer experience for those that live and work in higher-risk areas. 1 Phillip R. Smith, Independent Chair of the Board and Jason P. Wells, President and CEO
Investing in our system Over the last several years, we ve worked diligently to build a more resilient electric transmission backbone and modernize our natural gas networks across our service territories. This has been mainly accomplished by executing our 10-year capital plan through 2030 that is focused on investments made in safety, resiliency, reliability and growth enablement. Going forward, we will accelerate these investments and their associated plans as we work to address the evolving needs of the customers and communities that we serve. A more resilient electric system Following Hurricane Beryl, which impacted the Greater Houston area, we acted with urgency, and we introduced the Greater Houston Resiliency Initiative (GHRI) to address stakeholder concerns and strengthen our infrastructure against extreme weather. The GHRI reflects direct feedback from the public and stakeholders. Phase one of our plan included more than 40 critical near- and mediumterm operational objectives, which we completed in approximately 60 days. Since then, we have been relentlessly driving our continued efforts to harden our system and improve our communications with the objective of surpassing the expectations of our customers and enhancing their experiences. We began the second phase of the GHRI in fall 2024, which includes: installing 25,000 stronger, more stormresilient poles; deploying 4,500 more automated reliability devices that are capable of self-healing; and trimming 4,000 more miles of higher risk trees and vegetation as well as many other additional system enhancements. Our actions are on track to be completed by the beginning of the 2025 hurricane season. While there has been noteworthy progress to date, there is still much work to be done in our pursuit of becoming the most resilient coastal grid in the country. We fully understand our customers expectations for exceptional service and are confident we will rise to meet those expectations. To accelerate delivery on these expectations and to achieve our next phase of resiliency work in Texas, we filed our revised $5.75 billion, 2026 2028 Systemwide Resiliency Plan in January. The investments included in our filing represent the largest single investment in grid resiliency in our company s history. 2024 CENTERPOINT ENERGY ANNUAL REPORT Installing 25,000 stronger, more storm- resilient poles Gas system modernization As part of our gas system modernization program across all six states in our service territory, we replaced more than 470 miles of pipeline in 2024 in the cities and communities we serve. Approximately 190 miles of the replacements were bare steel and cast iron. We expect to be essentially complete with the cast iron modernization work by the end of 2026. Additionally, we continue to leverage technology to help keep our communities and our employees safe while continuing to operate a safe system. Our Picarro Surveyor advanced leak detection surveys are designed to help identify leaks earlier and mitigate safety risks sooner. We are in the midst of our seven-year program of Intelis smart meter deployment across our gas footprint. This innovative technology will change how we interact with our customers and better provide for their energy needs. In 2024, we installed more than 250,000 gas smart meters, allowing us to reach the milestone of more than 890,000 meters installed since our program began. CenterPoint is among the national leaders in Intelis gas smart meter deployment. 2
Results delivered We reported full year 2024 earnings of $1.58 per diluted share on a GAAP basis and $1.62 on a non-GAAP basis, which represents an 8% growth rate year over year. This is our fourth consecutive year of meeting or exceeding financial expectations. This track record of consistent earnings growth over the last four years is top decile among our peers. For 2025, we are targeting non-GAAP EPS of $1.74 - $1.76, which, at its midpoint, would represent 8% growth from our 2024 non-GAAP results. 1 We invested $3.8 billion of capital in 2024, excluding storm costs, as we continue to execute on our now $47.5 billion, 10-year capital investment plan which runs through 2030. During 2024, we increased our previous $44.5 billion capital investment plan by $3 billion to further support electric resiliency investments included in our Systemwide Resiliency Plan. With this increase in our customer-focused investments, we anticipate that our enterprise rate base annual growth rate will be approximately 10% through the balance of this decade. Regulatory Over the last 18 months, we ve filed five base rate cases in four of the states we serve. The constructive settlements of four of those cases represent 80% of our enterprise rate base, which gives clear line of sight to financial execution over the next four years. Filed 5 base rate cases in four of the states we serve That execution is driven by regulatory mechanisms that allow for over 80% of our expected 10-year capital plan to be recoverable through interim capital recovery filings. The remaining rate case in Ohio will continue through 2025, and we ll work with stakeholders toward a constructive outcome. Financing transactions We are still on track to receive nearly $3 billion of proceeds in 2025 as we continue to finance our customer-driven investments. In Texas, we are making progress towards securitizing approximately $1.6 billion of associated storm costs incurred through two regulatory filings under the existing state construct. Given the precedent in the state, we anticipate receiving proceeds for storm related securitization filings by year end 2025, which should be seen as a credit supportive action. Additionally, we are on track to receive the anticipated $1.2 billion of gross sales proceeds from our Louisiana and Mississippi natural gas business divestiture by the end of the first quarter of 2025. We are appreciative of the work our teams have performed, facilitating the transaction while enabling the seamless transition of both the Louisiana and Mississippi customers and our workforce. We would like to thank those employees joining Delta Utilities for their service to our customers and our company, and we wish them much success. 1 Note: Disclaimers regarding forward-looking statements, our net zero and greenhouse gas emissions reduction goals and non-GAAP financial metrics, including a reconciliation of 2023 and 2024 non-GAAP measures to the nearest GAAP metrics and information about forward-looking 2025 non-GAAP measures (including inability to present a reconciliation to the nearest GAAP metrics), are found in the Investor Information section of the report. 3 2024 CENTERPOINT ENERGY ANNUAL REPORT
Continued and sustained growth There has never been a better time to be part of this industry because of the long-term economic growth trajectory and increased energy needs we see across our states, especially in Texas and specifically the Greater Houston region. It is our privilege to serve one of the fastest growing regions in the United States with an expected peak load increase of nearly 50% in the Houston area through 2031. We expect that this growth from 21 GW to 31 GW will be powered by a diverse set of economic drivers, such as new data centers and logistics industry electrification. We believe this peak load growth will provide incremental capex tailwinds to an already industry-leading plan. Houston is home to the largest medical complex in the world, and it will only continue to grow. It continues to expand its offerings for patients who come from all over the globe for treatment and pioneer medical innovation and medical manufacturing. The Greater Houston region is, and will continue to be, at the center for energy refining and energy exports. As the global energy mix continues to evolve, whether it be LNG, hydrogen or something else, we believe that Houston will play a central role in the development and exporting of that energy. This expected growth is yet another tailwind in what we continue to believe is one of the most tangible long-term growth stories in the industry. Our growth story is one that includes $47.5 billion of capital investments across multiple states and growing non-GAAP EPS at the mid-to-high end of the 6% to 8% range annually, through 2030. We also expect to grow dividends per share in line with earnings growth over this same period of time. Looking ahead It s an exciting time to be a part of CenterPoint Energy as we set our sights on the future and the opportunities that await our company, our states and our customers. We have a compelling resiliency and growth story, driven by a committed and accountable workforce, who share an unrelenting dedication to the pursuit and achievement of positive outcomes for all our stakeholders. We extend our gratitude to you, our shareholders, for the trust you continue to place in CenterPoint Energy, our employees, our leadership team and our Board of Directors. We appreciate your support and confidence, and together we will continue to build a resilient, innovative and successful company that meets the energy needs of tomorrow. Sincerely, Jason P. Wells President and Chief Executive Officer 2024 CENTERPOINT ENERGY ANNUAL REPORT Phillip R. Smith Independent Chair of the Board of Directors 4
 • shareholder letter icon 3/5/2025 Letter Continued (Full PDF)
 • stockholder letter icon 3/9/2023 CNP Stockholder Letter
 • stockholder letter icon 3/15/2024 CNP Stockholder Letter
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CNP Shareholder/Stockholder Letter Transcript:

2024 Annual Report

Dear Fellow Shareholders,
At CenterPoint Energy, we understand there is no greater
privilege than serving the millions of people who receive electric
and natural gas service from us in the thousands of cities and
communities across our service territories in Texas, Indiana,
Louisiana, Minnesota, Mississippi and Ohio. Our nearly 9,000
coworkers rise to the occasion each day to provide vital services
that enable everyday life, drive economic development and
growth, and provide for secure communities.
Our customer focus grew in prominence in 2024 as we worked
to regain trust in our Greater Houston service area following
multiple unprecedented weather events which impacted electric
service to a significant number of the 2.8 million homes and
businesses we serve. We held ourselves accountable to address
the feedback we received from our numerous stakeholders.
In the second half of 2024, we
accelerated our investments in
resiliency and began executing an
action plan to build the most resilient
coastal grid in the nation.
Nearly
9,000
coworkers rise to the
occasion each day
Serving more than
7 million
homes and businesses
with natural gas
and electricity
This plan outlines dozens of resiliency measures that are
designed to strengthen tens of thousands of miles of our
transmission and distribution system, deploy additional
automation, and increase situational awareness as we work
to improve the customer experience for those that live and
work in higher-risk areas.
1
Phillip R. Smith, Independent Chair of the Board
and Jason P. Wells, President and CEO

Investing in our system
Over the last several years, we   ve worked diligently to build a
more resilient electric transmission backbone and modernize
our natural gas networks across our service territories. This
has been mainly accomplished by executing our 10-year
capital plan through 2030 that is focused on investments
made in safety, resiliency, reliability and growth enablement.
Going forward, we will accelerate these investments and
their associated plans as we work to address the evolving
needs of the customers and communities that we serve.
A more resilient electric system
Following Hurricane Beryl, which impacted the Greater
Houston area, we acted with urgency, and we introduced
the Greater Houston Resiliency Initiative (GHRI) to address
stakeholder concerns and strengthen our infrastructure
against extreme weather. The GHRI reflects direct feedback
from the public and stakeholders. Phase one of our plan
included more than 40 critical near- and mediumterm operational objectives, which we completed in
approximately 60 days.
Since then, we have been relentlessly driving our
continued efforts to harden our system and improve
our communications with the objective of surpassing
the expectations of our customers and enhancing their
experiences. We began the second phase of the GHRI in fall
2024, which includes: installing 25,000 stronger, more stormresilient poles; deploying 4,500 more automated reliability
devices that are capable of self-healing; and trimming 4,000
more miles of higher risk trees and vegetation as well as
many other additional system enhancements. Our actions
are on track to be completed by the beginning of the 2025
hurricane season.
While there has been noteworthy progress to date, there is
still much work to be done in our pursuit of becoming the
most resilient coastal grid in the country. We fully understand
our customers    expectations for exceptional service and
are confident we will rise to meet those expectations. To
accelerate delivery on these expectations and to achieve our
next phase of resiliency work in Texas, we filed our revised
$5.75 billion, 2026     2028 Systemwide Resiliency Plan in
January. The investments included in our filing represent the
largest single investment in grid resiliency in our
company   s history.
2024 CENTERPOINT ENERGY ANNUAL REPORT
Installing
25,000
stronger, more
storm- resilient
poles
Gas system modernization
As part of our gas system modernization program across all
six states in our service territory,
we replaced more than 470 miles
of pipeline in 2024 in the cities and
communities we serve.
Approximately 190 miles of the replacements were bare
steel and cast iron. We expect to be essentially complete
with the cast iron modernization work by the end of 2026.
Additionally, we continue to leverage technology to help keep
our communities and our employees safe while continuing to
operate a safe system. Our Picarro Surveyor advanced leak
detection surveys are designed to help identify leaks earlier
and mitigate safety risks sooner. We are in the midst of our
seven-year program of Intelis smart meter deployment across
our gas footprint. This innovative technology will change how
we interact with our customers and better provide for their
energy needs. In 2024, we installed more than 250,000 gas
smart meters, allowing us to reach the milestone of more
than 890,000 meters installed since our program began.
CenterPoint is among the national leaders in Intelis gas smart
meter deployment.
2

Results delivered
We reported full year 2024 earnings of $1.58 per diluted share
on a GAAP basis and $1.62 on a non-GAAP basis, which
represents an 8% growth rate year over year. This is our
fourth consecutive year of meeting or exceeding financial
expectations. This track record of consistent earnings growth
over the last four years is top decile among our peers. For
2025, we are targeting non-GAAP EPS of $1.74 - $1.76, which,
at its midpoint, would represent 8% growth from our 2024
non-GAAP results. 1
We invested $3.8 billion of capital in 2024, excluding storm
costs, as we continue to execute on our now $47.5 billion,
10-year capital investment plan which runs through 2030.
During 2024, we increased our previous $44.5 billion capital
investment plan by $3 billion to further support electric
resiliency investments included in our Systemwide Resiliency
Plan. With this increase in our customer-focused investments,
we anticipate that our enterprise rate base annual growth rate
will be approximately 10% through the balance of this decade.
Regulatory
Over the last 18 months, we   ve
filed five base rate cases in
four of the states we serve. The
constructive settlements of four
of those cases represent 80%
of our enterprise rate base,
which gives clear line of sight
to financial execution over the
next four years.
Filed
5
base rate cases
in four of the
states we serve
That execution is driven by regulatory mechanisms that
allow for over 80% of our expected 10-year capital plan to
be recoverable through interim capital recovery filings. The
remaining rate case in Ohio will continue through 2025, and
we   ll work with stakeholders toward a constructive outcome.
Financing transactions
We are still on track to receive nearly $3 billion of proceeds
in 2025 as we continue to finance our customer-driven
investments.
In Texas, we are making progress towards securitizing
approximately $1.6 billion of associated storm costs incurred
through two regulatory filings under the existing state
construct. Given the precedent in the state, we anticipate
receiving proceeds for storm related securitization filings by
year end 2025, which should be seen as a credit supportive
action.
Additionally, we are on track to receive the anticipated
$1.2 billion of gross sales proceeds from our Louisiana and
Mississippi natural gas business divestiture by the end of the
first quarter of 2025.
We are appreciative of the work our teams have performed,
facilitating the transaction while enabling the seamless
transition of both the Louisiana and Mississippi customers
and our workforce. We would like to thank those employees
joining Delta Utilities for their service to our customers and
our company, and we wish them much success.
1
Note: Disclaimers regarding forward-looking statements, our net zero and greenhouse gas emissions reduction goals and non-GAAP financial metrics, including a
reconciliation of 2023 and 2024 non-GAAP measures to the nearest GAAP metrics and information about forward-looking 2025 non-GAAP measures (including inability to
present a reconciliation to the nearest GAAP metrics), are found in the Investor Information section of the report.
3
2024 CENTERPOINT ENERGY ANNUAL REPORT

Continued and
sustained growth
There has never been a better time to be part of this industry
because of the long-term economic growth trajectory and
increased energy needs we see across our states, especially
in Texas and specifically the Greater Houston region.
It is our privilege to serve one of the
fastest growing regions in the United
States with an expected peak load
increase of nearly 50% in the
Houston area through 2031.
We expect that this growth from 21 GW to 31 GW will be
powered by a diverse set of economic drivers, such as
new data centers and logistics industry electrification. We
believe this peak load growth will provide incremental capex
tailwinds to an already industry-leading plan.
Houston is home to the largest medical complex in the
world, and it will only continue to grow. It continues to
expand its offerings for patients who come from all over the
globe for treatment and pioneer medical innovation and
medical manufacturing.
The Greater Houston region is, and will continue to be, at the
center for energy refining and energy exports. As the global
energy mix continues to evolve, whether it be LNG, hydrogen
or something else, we believe that Houston will play a central
role in the development and exporting of that energy. This
expected growth is yet another tailwind in what we continue
to believe is one of the most tangible long-term growth stories
in the industry.
Our growth story is one that includes $47.5 billion of capital
investments across multiple states and growing non-GAAP
EPS at the mid-to-high end of the 6% to 8% range annually,
through 2030. We also expect to grow dividends per share in
line with earnings growth over this same period of time.
Looking ahead
It   s an exciting time to be a part of CenterPoint Energy as
we set our sights on the future and the opportunities that
await our company, our states and our customers. We have a
compelling resiliency and growth story, driven by a committed
and accountable workforce, who share an unrelenting
dedication to the pursuit and achievement of positive
outcomes for all our stakeholders. We extend our gratitude
to you, our shareholders, for the trust you continue to place
in CenterPoint Energy, our employees, our leadership team
and our Board of Directors. We appreciate your support and
confidence, and together we will continue to build a resilient,
innovative and successful company that meets the energy
needs of tomorrow.
Sincerely,
Jason P. Wells
President and
Chief Executive Officer
2024 CENTERPOINT ENERGY ANNUAL REPORT
Phillip R. Smith
Independent Chair
of the Board of Directors
4



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