Centerpoint Energy, Inc (holding Co) · NYSE:CNP
Centerpoint Energy, Inc (holding Co) — Wolfe Research Utilities and Power Leaders Conference 2017
13 slides from Centerpoint Energy, Inc (holding Co)'s conference presentation, Sep 26, 2017
Slide 1: Wolfe Research Utilities and Power Leaders Conference
Wolfe Research Utilities and Power Leaders Conference September 27, 2017 Company reiterates full-year 2017 guidance of $1.25 - $1.33 Company continues to target upper end of 4-6% year-over-year earnings growth range for 2018 Exhibit 99.1
Slide 2: Cautionary Statement
Cautionary Statement This presentation and the oral statements made in connection herewith contain statements concerning our expectations, beliefs, plans, objectives, goals, strategies, future operations, events, financial position, earnings, growth, costs, prospects, capital investments or performa
Slide 3: Hurricane Harvey Impact
Hurricane Harvey Impact Employees, Technology and T&D Investments Provided Resiliency
Slide 4: Hurricane Harvey Impact: Resiliency from Investments
Hurricane Harvey Impact Employees, Technology and T&D Investments Provided Resiliency Post Ike grid hardening reduced storm impact Smart meters identified outages across the system CenterPoint’s intelligent grid reduced outage areas Outage notification service kept customers informed and reduced cal
Slide 5: Hurricane Harvey Financial Impact
Hurricane Harvey Financial Impact Harvey’s financial impact to 2017 EPS anticipated to be modest Revenue Modest impact on 3rd quarter results - slightly cooler August weather O&M / Capital Insurance claim for covered costs Otherwise, capital is expected to be recovered via traditional mechanisms Rem
Slide 6: Talking Texas
Talking Texas Houston Electric Texas Natural Gas Distribution
Slide 7: Houston Economy: A Diverse and Growing Economy
Houston Economy A Diverse and Growing Economy Source: Greater Houston Partnership Q3 2017 www.houston.org Source: Port of Houston www.portofhouston.com If Houston were an independent nation, the region would have the 23rd largest economy in the world, behind Taiwan and ahead of Nigeria.
Slide 8: Electric Transmission and Distribution Highlights
Electric Transmission and Distribution Highlights Consistent 2% customer growth PUCT approved DCRF Unanimous Stipulation and Settlement Agreement for a $41.8 million annual increase in July 2017; effective date of September 1, 2017 (1) Texas Legislature approved legislation, eliminating the need to
Slide 9: Natural Gas Distribution Highlights
Natural Gas Distribution Highlights Texas and Minnesota drive consistent 1% customer growth Decoupling and weather normalization adjustments reduced impact of record warm winter RRC approved Texas Gulf rate order in May 2017 establishing parameters for future GRIP filings; includes annual increase o
Slide 10: 2018 Net Income Drivers: Electric Transmission and Distribution
Disclosed Utility Operations Net Income Drivers for 2018 Electric Transmission and Distribution Additional Assumptions: All amounts are tax adjusted Does not include equity return Excludes transition and system restoration bonds Does not include rate relief yet to be filed or changes in ROW estimate
Slide 11: 2018 Net Income Drivers: Gas Distribution
Disclosed Utility Operations Net Income Drivers for 2018 Gas Distribution Additional Assumptions: All amounts are tax adjusted Does not include rate relief yet to be filed Does not include impacts from Harvey (1) Excludes certain expenses that have revenue offsets (2) The impact from the Texas Gulf
Slide 12: 2018 Net Income Drivers: Other
Disclosed Utility Operations Net Income Drivers for 2018 Other Additional Assumptions: All amounts are tax adjusted No material increase in interest expense despite higher borrowings Driver Assumption Projected Amount Energy Services +$5 million Equity Return +$6 to 12 million +$11 to 17 million The
Slide 13: CenterPoint Energy's Value Proposition
CenterPoint Energy’s Value Proposition Strong fundamentals Attractive service territory with solid customer growth Low commodity prices and the competitive retail electric market help keep customer bills low Combined 2016 – 2021 rate base compound annual growth rate of 5.6%(1) Recovery mechanisms at
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