CENTERPOINT ENERGY Business Summary

CenterPoint Energy Inc. (CNP) operates as a regulated public utility holding company, generating revenue primarily through cost-of-service regulation and rate-based recovery on large-scale infrastructure investments. The company’s business is divided into two core reportable segments: Electric, which manages transmission, distribution, and generation for over 2.9 million customers in Greater Houston and Indiana; and Natural Gas, providing transportation and distribution services to approximately 4 million customers across Indiana, Minnesota, Ohio, and Texas. Following a strategic divestiture of non-core gas assets in 2025 and 2026, CenterPoint has pivoted toward a pure-play regulated utility model, supported by a massive $65.5 billion 10-year capital investment plan aimed at grid resiliency and meeting a projected 10-gigawatt load surge in Houston by 2029. Within the utilities sector, CenterPoint competes directly with large-cap peers such as Evergy (EVRG), Alliant Energy (LNT), Ameren (AEE), and Atmos Energy (ATO), maintaining a dominant market position as the sole investor-owned electric and gas utility headquartered in Texas. Originally founded in 1866, the company is currently led by Jason P. Wells, who serves as Chair, President, and CEO; Wells previously held senior leadership roles at PG&E and is a University of Florida alumnus with a background in public accounting at PwC. The executive team includes Executive Vice President and CFO Christopher A. Foster, a former PG&E executive and Congressional advisor with a degree from Michigan State University, and Executive Vice President and COO Jesus Soto, Jr., an energy veteran who joined in 2025 from Quanta Services and Mears Group with engineering degrees from UT El Paso and Texas A&M. Monica Karuturi serves as Executive Vice President and General Counsel, bringing a pedigree from LyondellBasell and Baker Botts with degrees from Brown, Columbia, and Georgetown. The board is strengthened by Lead Director Christopher H. Franklin and independent director Manuel B. Miranda, a 40-year veteran of NextEra Energy. Major institutional backing is provided by Vanguard Group, Capital International Investors, and T. Rowe Price, who collectively hold significant equity stakes.