CenterPoint Strength Announces Two Senior Finance Management Appointments

HOUSTON, Jan. 8, 2021 /PRNewswire/ — CenterPoint Power, Inc. (NYSE: CNP) now declared two senior Finance leadership appointments that will even more strengthen its administration team and placement the firm for execution of its new very long-phrase advancement approach.

“As we place ourselves to grow to be a premium valued utility when supporting a transition to a cleaner power potential, central to our firm’s foreseeable future growth will be a established, knowledgeable management workforce and energized, devoted workforce,” claimed Executive Vice President and Main Monetary Officer Jason Wells. “These senior Finance leadership appointments will be significant to our motivation to improve the strengths of our advancement for our clients, shareholders and communities.”

Stacey Peterson named Senior Vice President, Economical Scheduling & Treasurer

Stacey Peterson has been named Senior Vice President, Economic Planning & Treasurer, helpful Jan. 11. Peterson will lead the company’s monetary scheduling and investigation, investing actions, equilibrium sheet and funds markets tactic, income administration, lender associations, reward program administration, and compliance reporting. She will be dependable for controlling fiscal chance as it relates to CenterPoint Energy’s yearly desire cost, debt, the firm’s industrial paper software, and revolving credit history amenities. Peterson will report to Wells. &#13

“Stacey joins CenterPoint Energy’s management team with a demonstrated keep track of report in the strength sector, finance and funds markets. She will be an ideal fit for our company as we execute on our new prolonged-phrase growth approach,” claimed Wells. “Underneath Stacey’s management, our Monetary Arranging and Treasury businesses will play a essential role in our five-yr $16 billion-as well as cash investment decision program, which will travel natural growth prospects in our utility corporations, as properly as the trustworthiness and resiliency of our present infrastructure to improved serve our customers.”

Peterson explained, “With its new extended-term expansion tactic just lately launched, it is a unique and crucial time in the long, proud record of CenterPoint Power. I am fired up to sign up for this extraordinary crew and, together, execute the technique to posture CenterPoint Power for an excellent long term.”

Peterson has held roles of increasing accountability above her 20-calendar year job. Most just lately, she served as Senior Vice President, Finance, Treasurer and Head of Trader Relations at Talen Electricity, a single of the premier privately owned impartial electric power generation infrastructure organizations in North The us. Prior to this function, Peterson expended 11 a long time at Calpine, a electricity generator with a lot more than 26,000 megawatts of creating ability in 16 states and Canada, wholesale electric power functions and retail electric power corporations. Pursuing management roles in Structuring, Fiscal and Strategic Assessment, and Electric power Investing, Peterson served as Vice President, Finance and Treasurer from 2013 to 2018.

Peterson attained a Bachelor of Science diploma in Business enterprise and Finance from Indiana University’sKelley School of Organization. She is a graduate of Harvard Enterprise School’s Sophisticated Administration Software.

Philip Holder named Senior Vice President, Strategic Setting up & Trader Relations&#13

Philip Holder has been named Senior Vice President, Strategic Arranging & Trader Relations, helpful Jan. 25. Holder will lead CenterPoint Energy’s company method, investment analyses, and organization and company advancement things to do in support of the company’s long-term progress technique. In addition, he will be liable for the company’s Investor Relations functionality and its relationships with shareholders, promote-facet analysts and prospective traders. Holder will report to Wells.

“Less than Phil’s leadership, our Strategic Scheduling and Trader Relations organizations will be instrumental as we improve our utility organizations and detect additional investment opportunities through and further than the latest five-12 months preparing window,” said Wells. “Phil’s history, practical experience and associations, particularly in the utility field, will be valuable belongings as we continue to strengthen the economical community’s have confidence in in CenterPoint Vitality through execution and apparent communications on our progress, which include our endeavours to even further enrich our development, positioning and price proposition.”

Holder explained, “I believe that CenterPoint Energy has a apparent and unmistakable route to getting to be a quality valued utility, reaching leading-tier operational excellence, and acknowledging fantastic organic and natural progress chances. I look ahead to staying a portion of this wonderful enterprise and functioning together with a proficient group to produce on the technique.”

Holder has held roles of expanding accountability in excess of his 15-year career. Most just lately, he served as Controlling Director, Electrical power, Energy & Renewables Financial investment Banking at Guggenheim Securities, the financial commitment banking and cash marketplaces small business of Guggenheim Associates, a world wide expenditure and advisory company. In this potential, Holder led Guggenheim’s romantic relationship with the Condition of California, such as advising Governor Gavin Newsom on the PG&E Bankruptcy and the generation of the California Condition Wildfire Fund. Prior to this purpose, Holder put in 8 several years at Citigroup where he served as Director, Electric power & Utilities Investment Banking. He led strategic and M&A advisory assignments for quite a few utility and strength keeping companies, like AES, Dominion Electrical power, Duke Vitality, Vitality Long run Holdings, InfraREIT, Iberdrola, PG&E, Southern Business and Vistra Power.

Holder acquired a Bachelor of Enterprise Administration degree from Emory College in Atlanta.&#13

The company also declared the departures of Vice President & Treasurer Robert McRae and Director of Trader Relations David Mordy from CenterPoint Energy to pursue other job opportunities.

Wells said, “I want to just take this opportunity to thank Robert and Dave for their quite a few contributions to CenterPoint Vitality and would like them every achievements in their upcoming endeavors.”

About CenterPoint Electrical power
As the only trader-owned electric and gasoline utility centered in Texas, CenterPoint Electricity, Inc. (NYSE: CNP) is an electricity supply enterprise with electric transmission and distribution, ability technology and natural gas distribution operations that serve a lot more than 7 million metered consumers in Arkansas, Indiana, Louisiana, Minnesota, Mississippi, Ohio, Oklahoma and Texas. As of September 30, 2020, the enterprise owned approximately $33 billion in belongings and also owned 53.7 p.c of the widespread units symbolizing constrained husband or wife passions in Permit Midstream Companions, LP, a publicly traded master confined partnership that owns, operates and develops strategically positioned purely natural fuel and crude oil infrastructure belongings. With around 9,600 staff members, CenterPoint Vitality and its predecessor companies have been in company for far more than 150 several years. For additional information, pay a visit to CenterPointEnergy.com.

Forward Seeking Assertion
This news release includes ahead-hunting statements within just the indicating of the Personal Securities Litigation Reform Act of 1995. When made use of in this information release, the text “continue,” “system,” “will” or other very similar terms are supposed to establish ahead-looking statements. These forward-on the lookout statements are based mostly on assumptions of administration which are thought to be acceptable at the time created and are subject to sizeable pitfalls and uncertainties. True activities and results may well differ materially from all those expressed or implied by these forward-on the lookout statements. Any statements in this news launch about future events, this sort of as CenterPoint Energy’s identification and execution of enterprise approaches, chances and initiatives, benefit generation, funds investment decision strategy, long run money general performance and toughness, and any other statements that are not historical points are forward-looking statements. Every single ahead-on the lookout statement contained in this information launch speaks only as of the day of this release. Important things that could trigger actual effects to differ materially from individuals indicated by the presented forward-wanting information consist of threats and uncertainties relating to: (1) the impact of COVID-19 (2) economical current market situations (3) normal economic situations (4) the timing and effects of future regulatory and legislative choices (5) results of competitiveness (6) temperature variations (7) adjustments in enterprise programs and (8) other variables, challenges and uncertainties discussed in CenterPoint Energy’s Annual Report on Variety 10-K for the fiscal 12 months ended December 31, 2019, CenterPoint Energy’s Quarterly Reviews on Kind 10-Q for the quarters ended March 31, 2020, June 30, 2020 and September 30, 2020 and other reports CenterPoint Energy or its subsidiaries may well file from time to time with the Securities and Exchange Commission.

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