Centerpoint Energy, Inc (holding Co) · NYSE:CNP
Centerpoint Energy, Inc (holding Co) — Investor Day (September 2025)
81 slides from Centerpoint Energy, Inc (holding Co)'s investor day presentation, September 2025
Slide 1: Investor Update
Investor Update September 2025 2026 2035 2025 Investor Update CenterPoint Energy | 1
Slide 2: Cautionary Statement and Other Disclosures
Introduction Cautionary Statement and Other Disclosures This presentation and the oral statements made in connection herewith contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements ot
Slide 3: Analyst Day Agenda
Agenda Analyst Day Agenda Near-Term Updates Our New 10-Year Plan Operational Update & Plan for Execution Regulatory Activity Affordability & Financing 2025 Investor Update CenterPoint Energy | 3
Slide 4: Introduction and Overview
Introduction and Overview Jason Wells President and CEO 2025 Investor Update CenterPoint Energy | 4
Slide 5: Today's updates – extending our track record of execution
Updates to current plan Today’s updates – extending our track record of execution 9% 7-9% $65B Increasing our 2025 non- Initiating our 2026 non- Introducing $65B 10-year GAAP EPS guidance target GAAP EPS guidance customer-driven capital range from $1.74 - $1.76 to targeting at least the midpoint inv
Slide 6: Serving diverse and rapid growth
Houston’s Load Growth Serving diverse and rapid growth(1) Diversified growth from energy refining and exports, commercial activity, and logistics and transport demand 60 Doubling Interconnection 50 by mid-2030s requests now ~42GW stand at 57GWs 40 ~50% and increased increase over 40% ~31GW in 2025 a
Slide 7: Our new 10-year plan
Our new 10-year plan Our new 10-year plan Accelerating and diversified growth for the benefit of all stakeholders $65B 10-year plan(1) plus $10B+ incremental opportunities Customer-Driven 11%+ expected rate base growth(2) through 2030 Capital Investment Expect to recover ~85% of investments through
Slide 8: An investment plan focused on delivering outcomes
Our new 10-year plan An investment plan focused on delivering outcomes(1) Investing for the benefit of our customers and communities ~$24B ~$24B Economic growth Resiliency & Reliability Customer experience ~$21B ~$21B Transmission Houston System Safety • Expanded capacity Resiliency Plan (SRP) • Pro
Slide 9: Delivering long term industry-leading growth
Our new 10-year plan Delivering long term industry-leading growth(1) Customer-driven capital investments support higher earnings growth through 2035 Targeting the mid-to-high end of our new Expect 11%+ rate base CAGR through ‘30 and 7%-9% non-GAAP EPS guidance(2) in ‘26-’28 project rate base of ~$6
Slide 10: Reducing O&M for the benefit of our customers
Our new 10-year plan Reducing O&M for the benefit of our customers 1% - 2% Annual Reduction Target ~$1.4B (1) Reliability Investments Grid Resiliency & Automation Improved Efficiency $100MM - $200MM ~$1.2B - $1.3B ‘24A O&M(2) ‘35E O&M(2) Note: Refer to slide 2 for information on forward-looking stat
Slide 11: Established Track Record of Delivering for Stakeholders
Established Track Record of Delivering for Stakeholders 2025 Investor Update CenterPoint Energy | 11
Slide 12: Delivering peer-leading results
Our progress Delivering peer-leading results Increased 2021 capital plan from $40B to $55B 1 Focused capital investments to strengthen infrastructure, enhance reliability, improve system safety, and meet growing customer needs Reduced O&M by ~2% annually since 2021(1) 2 Lowered operating costs throu
Slide 13: Strong Business Mix
Our business Strong Business Mix Over 95% of our earnings come from regulated operations. Serving nearly 7 million customers(1) across four states. Electric Transmission & Distribution and Power Generation ~3.0 million 2 states METERED CUSTOMERS(1) Natural Gas Distribution ~4.0 million 4 states METE
Slide 14: Houston Electric Growth
Houston Electric Houston Electric Growth Expected Growth Areas Energy/ Fuels Commercial Population & Industrial Growth Transportation Electrification Life Sciences Tech & Data Deliver electricity to more than 2.8 million electric customers(1) across southeast Texas Supported by an extensive tran
Slide 15: Houston Electric – strong growth profile
Houston Electric Houston Electric – strong growth profile Expanding customer base and strengthening industrial load drive future opportunities Weather Normalized Industrial Growth (in thousand GWh) Residential Customer Growth (in millions) 2.51 45 2.46 42 2.40 40 39 2.35 37 2.30 35 33 2.24 2.16 2.18
Slide 16: Electric and Gas Businesses
Electric and Gas Businesses Jesus Soto EVP and COO 2025 Investor Update CenterPoint Energy | 16
Slide 17: Projects & programs in 10-year capital investment plan
Our new 10-year plan Projects & programs in 10-year capital investment plan(1) No big bets: Series of projects and programs to deliver enhanced customer outcomes Projects ~$19B ~$1.3B ~$1B Texas Gas transmission Downtown Houston Electric transmission pipeline revitalization Programs ~$2B $6B+ ~$8B G
Slide 18: Transmission investment profile
Houston Electric Transmission investment profile Uniquely positioned to execute transmission buildout; over two-thirds brownfield opportunities Importing additional electricity AND Solving for short-term capacity growth AND Leveraging existing capabilities AND efficiently moving it through the regio
Slide 19: Texas Gas transmission pipeline
Texas Gas Texas Gas transmission pipeline(1) Expanding our reach to diversify gas supply for the benefit of customers Project overview Financial efficiency(2) Future-readiness $1.3B+ Up to $25MM Hydrogen & Investment Anticipated supply RNG-compatible ~$100MM to through ‘35 and O&M savings per year I
Slide 20: Downtown Houston revitalization project
Houston Electric Downtown Houston revitalization project Supporting City of Houston’s initiative to revitalize the downtown landscape Potential Capital Investments Expected 5-year spend ~$500 $ in million ~$300 ~$40 George R. Brown Convention Center Relocation Downtown Substation Relocation Polk Sub
Slide 21: Investing in the modernization of our systems
Natural gas business Investing in the modernization of our systems(1) Aspiring to operate the safest gas systems in the country Pipeline modernization: Legacy pipeline remaining mileage(2): Actual and planned mileage replacement(2) (2021 – 2035) Yearly by material 15,400 2,056 540 530 530 11,400 470
Slide 22: Gas meter upgrade deployment
Natural gas business Gas meter upgrade deployment(1) Improving the safety of the system for the benefit of customers In 2020, CenterPoint Energy standardized upgraded gas meters for all residential installations. The decision supports improvements in: Operational Customer Safety efficiency reliabili
Slide 23: Greater Houston resiliency initiative – phases I & II
Houston Electric Greater Houston resiliency initiative – phases I & II Completed work ahead of schedule resulting in significantly improved customer outcomes Completed Targeted As of May 22, 2025 By June 1, 2025 26,470 26,000 POLES 5,159 POLES 5,150 ~45%Reduction DEVICES DEVICES in customer outage m
Slide 24: Key Takeaways
Key Takeaways No Big Bets • Two-thirds of $19B planned transmission investments are brownfield • Texas Gas transmission project can be completed in smaller segments allowing for reduced execution risk More Routine and Programmatic Work Key • Clear paths to modernizing our electric and gas systems th
Slide 25: Regulatory Update
Regulatory Update Jason Ryan EVP of Regulatory Services & Government Affairs 2025 Investor Update CenterPoint Energy | 25
Slide 26: Constructive regulatory outcomes
Regulatory Constructive regulatory outcomes Final orders improving enterprise weighted returns on equity Houston Electric TX Gas MN Gas IN Electric OH Gas (Docket 56211) (Docket 15513) (Docket 23-173) (Docket 45990) (Docket 24-0832-GA-AIR) Final Order Issued Final Order Issued Final Order Issued Fin
Slide 27: Regulatory clarity through 2029
Regulatory Regulatory clarity through 2029 80% of rate base not expected to be ~98% CEHE investments expected to be recovered subject to rate case until 2029(1) through interim mechanisms (’26‒’30)(2) ~2% $46 $42 ~20% ~30% $37 $ in billions $7 $33 $31 ~98% ~80% $33 $37 $35 ~70% $15 '26E '27E '28E '2
Slide 28: Bipartisan constructive legislation supports growth
Policy Bipartisan constructive legislation supports growth Political support to help enable customer-driven utility growth, balanced with customer protections SB 1076 SB 1015 HB 2555 HB 4384 Expedited Transmission Distribution Capital Electric Resiliency Gas Capital Approval Process Mechanism Plan T
Slide 29: Key Takeaways
Key Takeaways Constructive Regulatory Outcomes • Regulatory outcomes on ~90% of rate base in the last 18 months (5 cases across 4 states) support clarity and stability through 2029 • Final orders improving enterprise weighted average returns on equity De-risked Capital Recovery Key • ~85% of investm
Slide 30: Affordability & Financing
Affordability & Financing Chris Foster EVP & CFO 2025 Investor Update CenterPoint Energy | 30
Slide 31: Investing sustainably for the benefit of our customers
Affordability Investing sustainably for the benefit of our customers Keeping customer charges affordable while delivering a better customer experience CEHE’s ‘14–’24 Average Monthly CEHE’s ‘14-’24 Monthly Bill CAGR vs Residential Electric Delivery Charge(1) Peers(2) & Houston’s Inflation Peers: ~2.8
Slide 32: Reduced O&M by ~2% annually since 2021
Affordability Reduced O&M by ~2% annually since 2021(1) Peer leading electric O&M per customer, robust set of future cost saving opportunities CNP O&M(2) by year and O&M per customer CNP vs peers(3) 2024 electric O&M per customer $1,600 $250 #1 of 19 $220 -7% $1,463 $202 $200 $1,450 $1,397 $1,393 $1
Slide 33: Sustainably investing for the benefit of our customers
Affordability Sustainably investing for the benefit of our customers Average natural gas delivery charge is ~10% lower than in-state peer averages(1) CenterPoint Energy In-state Peer Averages %%Lower Lower Texas(2) $33 $37 11% 11% Minnesota(3) $29 $30 In line Indiana(4) $36 $39 8% Ohio(5) $35 $41 15
Slide 34: More efficient financing from improving cash flows
Financing More efficient financing from improving cash flows Improvements through regulatory execution ~$5MM - ~$10MM Annual Cash Improvement ~$30MM - ~$40MM ~$35MM - ~$45MM Note: Refer to slide 2 for information on forward-looking statements. 2025 Investor Update CenterPoint Energy | 34
Slide 35: Funding our new 10-year plan
Financing Funding our new 10-year plan(1) Efficiently financing our customer driven capital investment plan Planned 2026-2030 sources and uses Improving cash flows Hybrids/ funding growth Asset Sales/ Common OpCo Debt Other Equity(2) Dividends $2.8 $3.6 % of capital investment $10.8 ($3.7) $ in bill
Slide 36: Key Takeaways
Key Takeaways Investing Affordably • Historical average increase in customer bills better than or inline with in-state peers • Targeting bill increases at rates around the level of historical inflation Efficiently financing Key • Optimizing the portfolio to increase cash flow and reduce regulatory T
Slide 37: Closing
Closing Jason Wells President and CEO 2025 Investor Update CenterPoint Energy | 37
Slide 38: Appendix
Appendix 2025 Investor Update CenterPoint Energy | 38
Slide 39: New 10-year $65B capital investment plan
Our new 10-year plan New 10-year $65B capital investment plan(1) ~$33B Investment, 2026-2030 $7 $7 $7 $0.1 $0.2 $0.8 $6 $0.8 $1.1 $0.4 $6 $0.8 $0.5 $0.9 $0.7 $0.4 $0.5 $0.8 $0.5 $0.5 $0.8 $0.8 $0.4 $0.3 ~$32B $0.8 $0.4 $ billions $0.3 $4.3 $4.5 $4.1 $3.8 $3.5 Investment, 2031-2035 '26E '27E '28E '29
Slide 40: Houston's System Resiliency Plan
Houston Electric Houston’s System Resiliency Plan Next phase: Building and operating the most resilient coastal grid in the country Expected to strengthen overall Expected savings of ~$21MM ~$3B resiliency by 21% per year in storm-related distribution costs Resiliency Capital Investments & Activitie
Slide 41: Texas Gas transmission pipeline
Texas Gas Texas Gas transmission pipeline(1) Expanding our reach to diversify gas supply for the benefits of our customers Before After Note: Refer to slide 2 for information on forward-looking statements. See slides 77-80 for endnotes. 2025 Investor Update CenterPoint Energy | 41
Slide 42: Serving diverse and rapid growth
Growth Serving diverse and rapid growth(1) ~50% Increase in Peak Demand Forecasted by End of 2031 2031E ~74GW Energy Refining and Energy Exports Commercial Logistics and Transport • Continued expansion and electrification of Petrochemical Complex • Continued expansion of Texas Medical Center ~31GW •
Slide 43: Efficient capital recycling to benefit stakeholders
Financing Efficient capital recycling to benefit stakeholders Sale of CenterPoint ~$7.2B merger of Enable Sale of Energy Announced process for 01 Energy Services for ~$375MM 03 Midstream Partners with 06 Systems Group for ~$150MM 08 planned sale of Ohio Natural Gas LDC Energy Transfer 2020 2021 2022
Slide 44: ZENS maturity
Financing ZENS maturity Cash tax exposure mitigated through tax credits and net operating losses Federal Tax Attributes Federal Cash Tax Liability ~$1.8B CAMT(1) Credits ~$750MM ~$550MM ~$1.4B Federal cash tax liability NOLs(2) <$100MM in year of ZENS maturity ~$880MM ~$180MM ~$240MM NOL and CAMT Cr
Slide 45: Houston Electric
Appendix Houston Electric Overview Financial Snapshot $25 $45 Jurisdiction Overview: Capital Expenditures $23 • 2.8+ million customers as of 1Q25 (+2% YoY from 1Q24). ~3 $20 million projected by 2030 $18 • Robust commercial and industrial presence: 25 Fortune 500 $25 $ in billions $15 companies head
Slide 46: Houston Electric income statement
Appendix Houston Electric income statement 2023 and 2024 Year Ended December 31, $ in Millions 2023 2024 Revenues: Utility revenues $3,677 $3,939 Total 3,677 3,939 Expenses: Operation and maintenance 1,673 1,927 Depreciation and amortization 748 762 Taxes other than income taxes 262 295 Total 2,683
Slide 47: Houston Electric balance sheet
Appendix Houston Electric balance sheet 2023 and 2024 $ in Millions December 31, 2023 December 31, 2024 ASSETS Current Assets: Cash and cash equivalents $76 $14 Accounts and notes receivable, net (including affiliated companies) and accrued unbilled revenues 688 815 Material and supplies 409 392 Tax
Slide 48: Houston Electric balance sheet – (continued)
Appendix Houston Electric balance sheet – (continued) 2023 and 2024 $ in Millions December 31, 2023 December 31, 2024 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Short-term borrowings $- $500 Current portion of VIE Securitization Bonds long-term debt 161 - Accounts payable (including a
Slide 49: Indiana Electric
Appendix Indiana Electric Overviews Financial Snapshot $3 Jurisdiction Overview: Capital Expenditures • 153K+ customers as of 1Q25 (+1% YoY from 1Q24). ~155K $3 projected by 2030 • Indiana as a state has seen a positive migration trend for three $2 $ in billions consecutive years. $2 • RRA Ranking:
Slide 50: Indiana Electric income statement
Appendix Indiana Electric income statement 2023 and 2024 Year Ended December 31, $ in Millions 2023 2024 Revenues: Utility revenues $612 $650 Total 612 650 Expenses: Utility natural gas, fuel and purchased power 176 198 Operation and maintenance 206 146 Depreciation and amortization 124 114 Taxes ot
Slide 51: Indiana Electric balance sheet
Appendix Indiana Electric balance sheet 2023 and 2024 $ in Millions December 31, 2023 December 31, 2024 ASSETS Current Assets: Cash and cash equivalents $14 $9 Accounts and notes receivable, net (including affiliated companies) and accrued unbilled revenues 131 126 Material and supplies 70 54 Prepai
Slide 52: Indiana Electric balance sheet – (continued)
Appendix Indiana Electric balance sheet – (continued) 2023 and 2024 $ in Millions December 31, 2023 December 31, 2024 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Current portion of long-term debt (including VIE Securitization Bonds) $36 $47 Accounts and notes payable (including affilia
Slide 53: Texas Gas
Appendix Texas Gas Overview Financial Snapshot $5 Jurisdiction Overview: Capital Expenditures $5 • 1.9+ million customers as of the end of 1Q25 (+1% YoY from $4 1Q24). ~2.1 million projected by 2030 $4 • CNP’s natural gas distribution operations include the high- $ in billions $3 growth areas of Hou
Slide 54: Texas Gas income statement
Appendix Texas Gas income statement 2023 and 2024 Year Ended December 31, $ in Millions 2023 2024 Revenues: Utility revenues $1,657 $1,511 Total 1,657 1,511 Expenses: Utility natural gas, fuel and purchased power 733 585 Operation and maintenance 345 306 Depreciation and amortization 204 211 Taxes o
Slide 55: Texas Gas balance sheet
Appendix Texas Gas balance sheet 2023 and 2024 $ in Millions December 31, 2023 December 31, 2024 ASSETS Current Assets: Cash and cash equivalents $3 $1 Accounts and notes receivable, net (including affiliated companies) and accrued unbilled revenues 203 216 Material and supplies 84 79 Taxes receivab
Slide 56: Texas Gas balance sheet – (continued)
Appendix Texas Gas balance sheet – (continued) 2023 and 2024 $ in Millions December 31, 2023 December 31, 2024 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Short-term borrowings $4 $- Accounts and notes payable (including affiliated companies) 1,301 1,491 Taxes and interest accrued 51 5
Slide 57: Minnesota Gas
Appendix Minnesota Gas Overview Financial Snapshot Jurisdiction Overview: Capital Expenditures $2 • 930K+ customers as of the end of 1Q25 (~987K customers projected by 2030) $2 • Minnesota was the 3rd fastest growing state in the Midwest for $2 $ in billions population from 2010 to 2020. Minnesota’s
Slide 58: Minnesota Gas income statement
Appendix Minnesota Gas income statement 2023 and 2024 Year Ended December 31, $ in Millions 2023 2024 Revenues: Utility revenues $1,570 $1,406 Total 1,570 1,406 Expenses: Utility natural gas, fuel and purchased power 841 610 Operation and maintenance 332 351 Depreciation and amortization 133 143 Tax
Slide 59: Minnesota Gas balance sheet
Appendix Minnesota Gas balance sheet 2023 and 2024 $ in Millions December 31, 2023 December 31, 2024 ASSETS Current Assets: Cash and cash equivalents $6 $4 Accounts and notes receivable, net (including affiliated companies) and accrued unbilled revenues 249 330 Material and supplies 117 116 Taxes re
Slide 60: Minnesota Gas balance sheet – (continued)
Appendix Minnesota Gas balance sheet – (continued) 2023 and 2024 $ in Millions December 31, 2023 December 31, 2024 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts and notes payable (including affiliated companies) $407 $349 Taxes accrued 42 48 Other current liabilities 131 139 Tot
Slide 61: North Indiana Gas
Appendix North Indiana Gas Overview Financial Snapshot Jurisdiction Overview: Capital Expenditures $3 • 660K+ customers as of the end of 1Q25 (~698K customers $3 projected by 2030) • Indiana was the 5th fastest growing state in the Midwest for $2 $ in billions population from 2010 to 2020 $2 • Real
Slide 62: North Indiana Gas income statement
Appendix North Indiana Gas income statement 2023 and 2024 Year Ended December 31, $ in Millions 2023 2024 Revenues: Utility revenues $648 $642 Total 648 642 Expenses: Utility natural gas, fuel and purchased power 279 266 Operation and maintenance 157 105 Depreciation and amortization 99 101 Taxes ot
Slide 63: North Indiana Gas balance sheet
Appendix North Indiana Gas balance sheet 2023 and 2024 $ in Millions December 31, 2023 December 31, 2024 ASSETS Current Assets: Cash and cash equivalents $1 $1 Accounts and notes receivable, net (including affiliated companies) and accrued unbilled revenues 135 131 Material and supplies 41 39 Taxes
Slide 64: North Indiana Gas balance sheet – (continued)
Appendix North Indiana Gas balance sheet – (continued) 2023 and 2024 $ in Millions December 31, 2023 December 31, 2024 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Current portion of long-term debt $- $10 Accounts and notes payable (including affiliated companies) 309 197 Taxes and inte
Slide 65: South Indiana Gas
Appendix South Indiana Gas Overview Financial Snapshot Jurisdiction Overview: $1 Capital Expenditure • 115K+ customers as of the end of 1Q25 (~117K customers $1 projected by 2030) $0 • Indiana as a state has seen a positive migration trend for three $ in billions $0 consecutive years. $0 • RRA Ranki
Slide 66: South Indiana Gas income statement
Appendix South Indiana Gas income statement 2023 and 2024 Year Ended December 31, $ in Millions 2023 2024 Revenues: Utility revenues $130 $123 Total 130 123 Expenses: Utility natural gas, fuel and purchased power 32 31 Operation and maintenance 45 33 Depreciation and amortization 20 20 Taxes other t
Slide 67: South Indiana Gas balance sheet
Appendix South Indiana Gas balance sheet 2023 and 2024 $ in Millions December 31, 2023 December 31, 2024 ASSETS Current Assets: Cash and cash equivalents $- $- Accounts and notes receivable, net (including affiliated companies) and accrued unbilled revenues 32 32 Material and supplies 27 25 Prepaid
Slide 68: South Indiana Gas balance sheet – (continued)
Appendix South Indiana Gas balance sheet – (continued) 2023 and 2024 $ in Millions December 31, 2023 December 31, 2024 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Current portion of long-term debt $4 $7 Accounts and notes payable (including affiliated companies) 36 34 Taxes and interes
Slide 69: Ohio Gas
Appendix Ohio Gas(1) Overview Financial Snapshot Jurisdiction Overview: Capital Expenditure • 330K+ customers as of the end of 1Q25 (~341K customers $0 projected by 2030) • Replaced more than 150 miles of legacy natural gas mains and $ in billions service lines across Indiana and Ohio service area.
Slide 70: Ohio Gas income statement
Appendix Ohio Gas income statement 2023 and 2024 Year Ended December 31, $ in Millions 2023 2024 Revenues: Utility revenues $232 $237 Total 232 237 Expenses: Utility natural gas, fuel and purchased power 4 3 Operation and maintenance 59 60 Depreciation and amortization 54 56 Taxes other than income
Slide 71: Ohio Gas balance sheet
Appendix Ohio Gas balance sheet 2023 and 2024 $ in Millions December 31, 2023 December 31, 2024 ASSETS Current Assets: Cash and cash equivalents $- $1 Accounts and notes receivable, net (including affiliated companies) and accrued unbilled revenues 67 190 Material and supplies 7 8 Taxes receivable 1
Slide 72: Ohio Gas balance sheet – (continued)
Appendix Ohio Gas balance sheet – (continued) 2023 and 2024 $ in Millions December 31, 2023 December 31, 2024 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts and notes payable (including affiliated companies) $130 $209 Taxes accrued 34 38 Other current liabilities 19 16 Total curr
Slide 73: Reconciliation: 2024 non-GAAP income and EPS
Appendix Reconciliation: Income (Loss) and Diluted Earnings (Loss) per share to non-GAAP Income and non-GAAP Diluted EPS used in providing annual earnings guidance Twelve Months Ended December 31, 2024 Dollars in Diluted millions EPS(1) Consolidated net income (loss) and diluted EPS on a GAAP basis
Slide 74: Reconciliation: 2023 non-GAAP income and EPS
Appendix Reconciliation: Income (Loss) and Diluted Earnings (Loss) per share to non-GAAP Income and non-GAAP Diluted EPS used in providing annual earnings guidance Twelve Months Ended December 31, 2023 Dollars in Diluted millions EPS(1) Consolidated net income (loss) and diluted EPS on a GAAP basis
Slide 75: Reconciliation: 2022 non-GAAP income and EPS
Appendix Reconciliation: Income (Loss) and Diluted Earnings (Loss) per share to non-GAAP Income and non-GAAP Diluted EPS used in providing annual earnings guidance Twelve Months Ended December 31, 2022 Dollars in Diluted millions EPS(1) Consolidated net income (loss) and diluted EPS on a GAAP basis
Slide 76: Reconciliation: 2021 non-GAAP income and EPS
Appendix Reconciliation: Income (Loss) and Diluted Earnings (Loss) per share to non-GAAP Income and non-GAAP Diluted EPS used in providing annual earnings guidance Twelve Months Ended December 31, 2021 Midstream Investments Utility Operations Corporate and Other(7) Consolidated (Disc. Operations) Do
Slide 77: Endnotes
Appendix Endnotes: Slide Notes (1) Internal projection through 2031 6 (2) Current peak load as of the end of 2024 (1) Refers to the new 10-year capital plan, 2026E to 2035E 7 (2) Refers to projected rate base CAGR from 2025E to 2030E (3) Refers to capital spend through 2030 8 (1) Refers to the new 1
Slide 78: Endnotes
Appendix Endnotes: Slide Notes (1) Refers to internal data analysis and forecast 22 (2) CapEx excludes the Ohio Gas LDC from 2028 onward (sale process announced Q2 2025) (1) Equity % net of cost-free capital and other capital comprised of 11.90% and 0.33%, respectively 26 (2) Refers to the compariso
Slide 79: Endnotes
Appendix Endnotes: Slide Notes (1) Corporate Alternative Minimum Tax 44 (2) Net Operating Losses 45 (1) Designation 1 indicates a stronger rating; 2, a mid-range rating; and 3, a weaker rating (1) Designation 1 indicates a stronger rating; 2, a mid-range rating; and 3, a weaker rating 49 (2) Equity
Slide 80: Endnotes
Appendix Endnotes: Slide Notes (1) Quarterly diluted EPS on both a GAAP and non-GAAP basis are based on the weighted average number of shares of common stock outstanding during the quarter, and the sum of the quarters may not equal year-to-date diluted EPS (2) Taxes are computed based on the impact
Slide 81: Additional Information
Introduction Additional Information Use of Non-GAAP Financial Measures In this presentation and the oral statements made in connection herewith, CenterPoint Energy presents, based on net income (loss) and diluted earnings (loss) per share, the following financial measures which are not generally acc