CenterPoint Energy
34 named things its latest annual report says its results depend on, each in the company's own words. 18 of them are also named by other companies we've read.
Customers
NRG Energy
earns from · Approximately 37%named as a riskApproximately 37% and 23% of this amount was owed by affiliates of NRG and Vistra Energy Corp., respectively.Risk factors (Item 1A)
Vistra Energy Corp.
earns from · 23%named as a riskApproximately 37% and 23% of this amount was owed by affiliates of NRG and Vistra Energy Corp., respectively.Risk factors (Item 1A)
Data centers
earns fromnamed as a riskWe anticipate a high level of load growth and an increase in demand for electric power in certain of our service territories, including from the expansion of data centers (associated with, among other things, increasing demand for AI), energy refining and exports, advanced manufacturing and logistics, and a significant portion of the planned investments in our 10-year capital plan is intended to support such expected growth.Risk factors (Item 1A)
Also named by AESI, AGX, BKR, BSM, CBRE, CEG, CMI, CTOS and 26 more
Suppliers
Sunrise LLC
depends on · 100% of Indiana Electric's coal purchasesnamed as a riskFor the year ended December 31, 2025, Sunrise LLC accounted for 100% of Indiana Electric’s coal purchases.Business (Item 1)
Ohio Valley Electric Corporation (OVEC)
depends on · 1.5%Based on its participation in the ICPA between OVEC and its shareholder companies, Indiana Electric has the right to 1.5% of OVEC’s generating capacity output and shares in 1.5% of the operating expenses and debt obligations of OVEC.Business (Item 1)
Also named by AEP
Tenaska Marketing Ventures, LLC
depends on · 32%Major suppliers are those that account for greater than 10% of CenterPoint Energy’s or CERC’s annual natural gas supply purchases.Business (Item 1)
Macquarie Energy, LLC
depends on · 12%Major suppliers are those that account for greater than 10% of CenterPoint Energy’s or CERC’s annual natural gas supply purchases.Business (Item 1)
NextEra Energy, Inc.
depends on · 170 MW and 147 MWIndiana Electric has entered into various PPAs to purchase solar power and wind power to meet its future generation needs as reported in the table below:Business (Item 1)
Partners and platforms
MISO
depends on · 3,007 GWh net purchasesnamed as a riskIndiana Electric is an active participant in the MISO energy markets, bidding its owned generation into the Day Ahead and Real Time markets and procuring power for its retail customers at Locational Marginal Pricing as determined by the MISO market.Business (Item 1)
ERCOT
operates innamed as a riskBoth Houston Electric and Indiana Electric must follow the directives issued by their independent system operator, ERCOT and MISO, respectively.Risk factors (Item 1A)
ERCOT Transaction (CPS Energy / San Antonio)
named as a riskThere can be no assurance that the PUCT will approve the ERCOT Transaction and Houston Electric’s proposal to release its medium TEEEF units.Risk factors (Item 1A)
Other companies
National Fuel Gas Company (NFGC)
approximately $2.62 billionnamed as a riskWe can make no assurances regarding the completion of this sale, which could be subject to delays or may not ultimately be consummated.Risk factors (Item 1A)
AT&T Inc.
exposed to its price · 10.2 million sharesCenterPoint Energy is exposed to equity market value risk through its ownership of 10.2 million shares of AT&T Common, 0.9 million shares of Charter Common and 2.5 million shares of WBD Common, which CenterPoint Energy holds to facilitate its ability to meet its obligations under the ZENS.Market risk (Item 7A)
Places
Hazards
Hurricanes (Texas Gulf Coast)
concentrated innamed as a riskSince certain of our facilities are located along or near the Texas Gulf Coast, increased or more severe hurricanes, tornadoes or derecho events could increase our costs to repair damaged facilities and restore service to our customers.Risk factors (Item 1A)
Also named by AIG, AN, ASO, BAC, BBY, BJ, BPOP, BRO and 89 more
Wildfires
named as a riskWe could be held liable for damages incurred as a result of wildfires or incur reputational harm if it was determined that they were caused by or enhanced due to any fault of CenterPoint Energy.Risk factors (Item 1A)
Also named by AAON, AMRC, AZO, BRK/B, CCI, CDNS, CINF, COST and 17 more
Hurricane Beryl
named as a riskFor example, in 2024, Hurricane Beryl caused significant damage to Houston Electric’s electric delivery system and resulted in a substantial number of its customers being without power, many for extended periods of time.Risk factors (Item 1A)
February 2021 Winter Storm Event
named as a riskCenterPoint Energy received various claims and lawsuits with respect to the February 2021 Winter Storm Event, alleging, among other things, wrongful death, personal injury, property damage and other injuries and damages.Risk factors (Item 1A)
Commodities and inputs
Coal
depends on · Average cost of coal per ton $68.04named as a riskFurther, Indiana Electric currently relies on coal for a portion of its generation capacity.Risk factors (Item 1A)
Also named by AA, AEE, AEP, AES, ARLP, BKH, BRK/B, CSX and 19 more
Regulators
Minnesota Public Utilities Commission (MPUC)
subject to · approximately $36 million of the $409 millionnamed as a riskFor example, in October 2022, the MPUC issued a written order disallowing recovery of approximately $36 million of the $409 million originally requested by CERC in connection with its recovery of costs incurred as a result of the February 2021 Winter Storm Event.Risk factors (Item 1A)
Also named by WEC
Federal Energy Regulatory Commission (FERC)
subject tonamed as a riskIndiana Electric is a “public utility” under the FPA and is subject to regulation by FERC.Business (Item 1)
Also named by AA, AEE, AEP, AM, AMRC, AR, ARES, ATO and 62 more
Public Utility Commission of Texas (PUCT)
subject tonamed as a riskThe PUCT and certain municipalities have the authority to set the rates and terms of service provided by Houston Electric under cost-of-service rate regulation.Business (Item 1)
Indiana Utility Regulatory Commission (IURC)
subject tonamed as a riskThere is no guarantee that the IURC will approve Indiana Electric’s requests to implement part of its generation transition.Risk factors (Item 1A)
Laws and programs
Temporary Emergency Electric Energy Facilities (TEEEF)
subject to · approximately $800 millionnamed as a riskFor example, following Hurricane Beryl, various federal, state and local governmental and regulatory agencies and other entities called for or conducted inquiries and investigations into the efforts made by Houston Electric to prepare for, and respond to, this event, including, among other things, Houston Electric’s procurement of TEEEF, and certain government officials argued that Houston Electric, rather than ratepayers, should be held responsible for paying approximately $800 million (the amount the PUCT had previously approved Houston Electric to recover from ratepayers relating to Houston Electric’s leasing of TEEEF).Risk factors (Item 1A)
Houston Electric System Resiliency Plan (SRP)
approximately $2.68 billionnamed as a riskFor example, Houston Electric’s SRP, which was approved by the PUCT in November 2025, includes twenty-seven resiliency measures totaling approximately $2.68 billion in capital investments and an estimated $185 million in operations and maintenance expense.Risk factors (Item 1A)
NERC Reliability Standards
subject tonamed as a riskCompliance with mandatory reliability standards may subject Houston Electric and Indiana Electric to higher operating costs and may result in increased capital expenditures, which may not be fully recoverable in rates.Risk factors (Item 1A)
U.S. Department of Energy 202(c) emergency order
subject tonamed as a riskFor example, while Indiana Electric’s 2025 IRP (similar to previous IRPs) preferred portfolios included the retirement of F.B. Culley Unit 2, a coal-fired generation unit, by the end of 2025, the U.S. Department of Energy issued emergency order 202(c) in December 2025 directing Indiana Electric to continue operating the unit through March 23, 2026.Risk factors (Item 1A)
EPA CCR Legacy Rule
subject tonamed as a riskThe Registrants have completed their preliminary review of potential sites that will require further investigation under the CCR Legacy Rule and identified certain sites in Indiana for further evaluation.Business (Item 1)
TSA pipeline security directives
subject tonamed as a riskAs a result, CenterPoint Energy continues to take measures to comply with the TSA pipeline security directive requirements applicable to critical pipeline owners and operators.Risk factors (Item 1A)
Minneapolis natural gas restrictions
subject tonamed as a riskFor example, Minneapolis has adopted carbon emission reduction goals in an effort to decrease reliance on fossil natural gas.Risk factors (Item 1A)