CenterPoint Energy increases quarterly dividend 14.5% to 23.75 cents per share

CenterPoint Energy increases quarterly dividend 14.5% to 23.75 cents per share

PR Newswire

HOUSTON, Jan. 20, 2014

HOUSTON, Jan. 20, 2014 /PRNewswire/ --CenterPoint Energy, Inc.'s. (NYSE: CNP)
board of directors today declared a regular quarterly cash dividend of $0.2375
per share of common stock payable on March 10, 2014, to shareholders of record
at the close of business on Feb. 14, 2014. This represents a 14.5 percent
increase from the previous quarterly dividend of $0.2075, and if annualized,
would equate to $0.95 per share.

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CenterPoint Energy's objective is to provide a quarterly cash dividend that is
supported by the long-term stability and growth of its regulated utility
operations combined with the growth of its significant interest in the
distributable cash flow from Enable Midstream Partners. The company's
intention is to target a payout of 60 to 70 percent of sustainable earnings
from its regulated utility operations and 90 to 100 percent of the net
after-tax cash distributions it receives from Enable Midstream Partners.

"This significant dividend increase demonstrates our commitment to our
shareholders andour confidence in the underlying growth prospects for both
our regulated utility earnings and our cash distributions from Enable
Midstream Partners," said Scott M. Prochazka, president and chief executive
officer of CenterPoint Energy. "We have now increased our dividend for nine
consecutive years and by 138 percent over that period. We believe we are well
positioned to continue our objective of annual dividend increases." 

"The board's decision today allows CenterPoint Energy to increase
significantly its dividend without sacrificing our on-going high levels of
capital investment in our regulated utilities and the maintenance of the
strong credit metrics we currently enjoy," said Gary L. Whitlock, CenterPoint
Energy chief financial officer.

CenterPoint Energy, Inc., headquartered in Houston, Texas, is a domestic
energy delivery company that includes electric transmission & distribution,
natural gas distribution and competitive natural gas sales and services
operations. The company serves more than five million metered customers
primarily in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma and Texas.
The company also owns a 58.3 percent limited partner interest in Enable
Midstream Partners, a partnership it jointly controls with OGE Energy Corp.
with operations in major natural gas and liquids producing areas of Oklahoma,
Texas, Arkansas, Louisiana and North Dakota. With more than 8,700 employees,
CenterPoint Energy and its predecessor companies have been in business for
more than 135 years. For more information, visit the website at
www.CenterPointEnergy.com.

This news release includes forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. Actual events and
results may differ materially from those expressed or implied by these
forward-looking statements. Any statements in this news release regarding
CenterPoint Energy's future dividends, capital plans and credit metrics or
other statements that are not historical facts are forward-looking statements.
Each forward-looking statement contained in this news release speaks only as
of Jan. 20, 2014. The amount of any future quarterly dividends will be subject
to determination based upon CenterPoint Energy's results of operations and
financial condition, its future business prospects, any applicable contractual
restrictions and other factors that its board of directors considers relevant
and will be declared at the discretion of its board of directors. Factors that
could affect CenterPoint Energy's actual results and financial condition
include (1) state and federal legislative and regulatory actions or
developments affecting various aspects of CenterPoint Energy's businesses
(including the businesses of its midstream partnership with OGE Energy Corp.
and affiliates of ArcLight Capital Partners, LLC (Enable)), including, among
others, energy deregulation or re-regulation, pipeline integrity and safety,
health care reform, financial reform, tax legislation, and actions regarding
the rates charged by CenterPoint Energy's regulated businesses; (2) state and
federal legislative and regulatory actions or developments relating to the
environment, including those related to global climate change; (3) timely and
appropriate rate actions that allow recovery of costs and a reasonable return
on investment; (4) the timing and outcome of any audits, disputes or other
proceedings related to taxes; (5) problems with construction, implementation
of necessary technology or other issues with respect to major capital projects
that result in delays or in cost overruns that cannot be recouped in rates;
(6) industrial, commercial and residential growth in CenterPoint Energy's
service territories and changes in market demand, including the effects of
energy efficiency measures and demographic patterns; (7) the timing and extent
of changes in commodity prices, particularly natural gas and natural gas
liquids, and the effects of geographic and seasonal commodity price
differentials; (8) weather variations and other natural phenomena, including
the impact of severe weather events on operations and capital; (9) any direct
or indirect effects on CenterPoint Energy's facilities, operations and
financial condition resulting from terrorism, cyber-attacks, data security
breaches or other attempts to disrupt its businesses or the businesses of
third parties, or other catastrophic events; (10) the impact of unplanned
facility outages; (11) timely and appropriate regulatory actions allowing
securitization or other recovery of costs associated with any future
hurricanes or natural disasters; (12) changes in interest rates or rates of
inflation; (13) commercial bank and financial market conditions, CenterPoint
Energy's access to capital, the cost of such capital, and the results of its
financing and refinancing efforts, including availability of funds in the debt
capital markets; (14) actions by credit rating agencies; (15) effectiveness of
CenterPoint Energy's risk management activities; (16) inability of various
counterparties to meet their obligations; (17) non-payment for services due to
financial distress of CenterPoint Energy's customers; (18) the ability of
GenOn Energy, Inc. (formerly known as RRI Energy, Inc.), a wholly owned
subsidiary of NRG Energy, Inc., and its subsidiaries to satisfy their
obligations to CenterPoint Energy and its subsidiaries; (19) the ability of
retail electric providers, and particularly the two largest customers of the
TDU, to satisfy their obligations to CenterPoint Energy and its subsidiaries;
(20) the outcome of litigation brought by or against CenterPoint Energy or its
subsidiaries; (21) CenterPoint Energy's ability to control costs; (22) the
investment performance of pension and postretirement benefit plans; (23)
potential business strategies, including restructurings, joint ventures, and
acquisitions or dispositions of assets or businesses, for which no assurance
can be given that they will be completed or will provide the anticipated
benefits to CenterPoint Energy; (24) acquisition and merger activities
involving CenterPoint Energy or its competitors; (25) future economic
conditions in regional and national markets and their effects on sales, prices
and costs; (26) the performance of Enable, the amount of cash distributions
CenterPoint Energy receives from Enable, and the value of its interest in
Enable, and factors that may have a material impact on such performance, cash
distributions and value, including certain of the factors specified above and:
(A) the integration of the operations of the businesses contributed to Enable
with those contributed by OGE and ArcLight; (B) the achievement of anticipated
operational and commercial synergies and expected growth opportunities, and
the successful implementation of Enable's business plan; (C) competitive
conditions in the midstream industry, and actions taken by the Enable's
customers and competitors, including the extent and timing of the entry of
additional competition in the markets served by Enable; (D) the timing and
extent of changes in commodity prices, particularly natural gas and natural
gas liquids, the competitive effects of the available pipeline capacity in the
regions served by Enable, and the effects of geographic and seasonal commodity
price differentials, including the effects of these circumstances on
re-contracting available capacity on Enable's interstate pipelines; (E) the
demand for natural gas, NGLs and transportation and storage services; (F)
changes in tax status; (G) access to growth capital; (H) the availability and
prices of raw materials for current and future construction projects; (I) the
timing and terms of Enable's planned initial public offering, the actual
consummation of which is subject to market conditions, regulatory requirements
and other factors; and (27) other factors discussed in CenterPoint Energy's
Form 10-K for the period ended Dec. 31, 2012, as well as in CenterPoint
Energy's Quarterly Reports on Form 10-Q for the quarterly periods ended March
31, June 30, and Sept. 30, 2013, and other reports CenterPoint Energy or its
subsidiaries may file from time to time with the Securities and Exchange
Commission.

For more information contact
Media:
Leticia Lowe
Phone 713.207.7702
Investors:
Carla Kneipp
Phone 713.207.6500

SOURCE CenterPoint Energy, Inc.

Website: http://www.centerpointenergy.com
 
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