CenterPoint Energy Announces Updated Generation Plan that Prioritizes Customer Affordability, Reliability and Local Economic Growth

​EVANSVILLE, Ind. - Oct. 27, 2025 - Today, CenterPoint Energy's Indiana electric utility announced its 2025 Integrated Resource Plan (IRP), a forward-looking 20-year generation roadmap that prioritizes customer affordability and reliable service while supporting potential local economic growth. This IRP leverages existing and planned generation resources to meet customers' energy needs while helping to minimize any rate increase in the near term for southwestern Indiana customers. The strategic plan is designed to mitigate future cost impacts of necessary critical investments on customers, with no potential rate adjustments anticipated to occur until 2029 or later. This plan follows the input of four public meetings and builds on CenterPoint's recent actions to prioritize energy affordability and reliability across southwestern Indiana.

"All of us at CenterPoint Energy are focused on prioritizing affordability for our Indiana customers, while continuing to provide the safe, reliable service that our customers expect and deserve. Our 2025 IRP is designed to support local economic growth and energy security and meet current generation needs with minimal additional resources, while prioritizing energy affordability for our customers. Above all, this IRP plan provides us with options to meet future increases in demand brought by regional economic growth. This customer-focused and flexible strategy reflects our commitment to balancing affordability, reliability and remaining well positioned to meet southwestern Indiana's long-term energy and economic needs," said Mike Roeder, President of CenterPoint Energy Indiana.

"The IRP also calls for the continuation of energy efficiency programs to help customers control their energy use to lower bills."

The 2025 IRP and Other Affordability Actions: $1 Billion in Renewables Cancelled
As part of this effort, CenterPoint has cancelled nearly $1 billion in non-economical generation projects, providing current and future savings of approximately $18 per month for residential customers plus additional avoided generation costs at this time. These affordability measures coincide with the announcement of a first phase of Community Affordability Actions designed to target keeping rates near or below inflation through 2027.

Among these additional and previous affordability actions are the following:

• Two-Year Rates Stability: Starting in first quarter of 2026, stabilizing electricity bills by targeting to keep any rate change below or near the rate of inflation for the next two years, an action that equates to future savings for residential customer of approximately $18/month in avoided costs through 2027.
• Offset October Rate Increase: Reducing bills by nearly $3/month for average residential customers by December 2025 through a combination of bill adjustments and credits, which will offset rate changes that took effect in October.
• Customer and Community Engagement: Engaging with local customers, stakeholders and community leaders to listen, gather feedback and identify additional actions to prioritize affordability, while continuing to provide reliable power for southwestern Indiana customers.
• Long-Standing Affordability Actions: Reducing profits as part of the recent rate case settlement; eliminating profits on an older, retired coal plant to reduce customer costs by approximately $5 per month since June 2023; and not having filed any formal base rate case in 14 years to increase electric base rates.
  

2025 IRP: Affordably Ensuring Southwestern Indiana's Generation Needs
The 2025 IRP was developed with collaborative stakeholder and expert input, and it builds on recent steps to transition the company's electric generation mix, including retiring or exiting more than 70% of the coal fleet that it operates (approximately 700 MW) and increased investments in renewable and natural gas resources. CenterPoint remains positioned for future demand with approximately 1.1 GW of new generation expected by 2026, more than 60% of which is expected to come from renewable resources.

Since the previous 2022-2023 IRP, CenterPoint has taken the following steps to advance its energy transition:

• Coal Retirement: Retired two coal-fired units at A.B. Brown and exited joint ownership of coal-fired Warrick Unit 4. The company is on track to suspend operation of the coal-fired F.B. Culley Unit 2 at the end of 2025. The IRP outlines continued operations of F.B. Culley 3 in the near term. Its future will be reassessed in the next IRP.
• Renewables and Natural Gas-Fired Generation: Brought online two 230 MW natural gas combustion units at A.B. Brown and a 191 MW solar array in Posey County, as well as gained approval for new renewable projects outlined in the previous IRP.
• Energy Efficiency: Initiated demand-side programs through its 2025-2027 Demand Side Management Plan.

CenterPoint has also taken a series of steps to limit near-term capital investments in certain generation projects that would increase customer bills. These steps included pausing the proposed natural gas conversion of F.B. Culley Unit 3 and the cancellation of nearly $1 billion in non-economical renewable projects, saving customers approximately $18 per month in current and future costs.

2025 IRP: Strategic Flexibility to Meet Future Demand
The 2025 IRP preferred portfolio also positions CenterPoint to respond to potentially significant new commercial and industrial demand for electricity. As part of the planning process, the company developed an alternate preferred portfolio to support scalable system expansion, including potential combined cycle upgrades at A.B. Brown. This approach helps enable CenterPoint to accommodate potential new load growth, while working to minimize cost impact to customers.

CenterPoint Energy provides safe, reliable energy to homes and businesses across Southwestern Indiana, delivering electricity to approximately 150,000 customers in all or portions of Gibson, Dubois, Pike, Posey, Spencer, Vanderburgh and Warrick counties. CenterPoint will be submitting the final IRP to the Indiana Utility Regulatory Commission in early December. To learn more, visit CenterPointEnergy.com/IRP.

About CenterPoint Energy, Inc.
CenterPoint Energy, Inc. (NYSE: CNP) is a multi-state electric and natural gas delivery company serving approximately 7 million metered customers across Indiana, Minnesota, Ohio, and Texas. The company is headquartered in Houston and is the only Texas-domiciled investor-owned utility. As of June 30, 2025, the company had approximately $44 billion in assets. With approximately 8,300 employees, CenterPoint Energy and its predecessor companies have been serving customers for more than 150 years. For more information, visit CenterPointEnergy.com.

Forward-Looking Statements

This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this news release, the words "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "goal," "intend," "may," "objective," "plan," "potential," "predict," "projection," "should," "target," "will," "would" or other similar words are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding the 2025 Integrated Resources Plan, expected customer rates and rate impacts, and Indiana Electric's generation portfolio are based upon assumptions of management which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. Actual events and results may differ materially from those expressed or implied by these forward-looking statements. Any statements in this news release regarding future events that are not historical facts are forward-looking statements. Each forward-looking statement contained in this news release speaks only as of the date of this release, and other than as required under applicable securities laws, CenterPoint Energy does not assume any duty to update or revise forward-looking statements. Important factors that could cause actual results to differ materially from those indicated by the provided forward-looking information include risks and uncertainties relating to: (1) actions by credit rating agencies, including any potential downgrades to credit ratings; (2) financial market conditions; (3) general economic conditions; (4) the timing and impact of future regulatory, executive and legislative decisions and actions; and (5) other factors, risks and uncertainties discussed in CenterPoint Energy's Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and CenterPoint Energy's Quarterly Reports on Form 10-Q for the quarters ended March 31, 2025, June 30, 2025 and September 30, 2025 and other reports CenterPoint Energy or its subsidiaries may file from time to time with the Securities and Exchange Commission ("SEC"). You are cautioned not to place undue reliance on CenterPoint Energy's forward-looking statements.

Investors and others should note that CenterPoint Energy may announce material information using SEC filings and the Investor Relations page of its website, including press releases, public conference calls, webcasts. In the future, CenterPoint Energy will continue to use these channels to distribute material information about the company and to communicate important information about the company, key personnel, corporate initiatives, regulatory updates, and other matters. Information that CenterPoint Energy posts on its website could be deemed material; therefore, CenterPoint Energy encourages investors to review the information CenterPoint Energy posts on the Investor Relations page of its website.