CenterPoint Energy Mobilizes 3,300 Workers to Restore Power Amid Winter Storm Impacting Greater Houston
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Newsfilter
- Power Restoration Progress: As of 6 a.m., approximately 2,000 customers in the Houston area are experiencing outages due to the winter storm, representing less than 1% of the 2.9 million customers served, while 27,000 customers have had their power restored, demonstrating effective response capabilities.
- Emergency Preparedness Measures: CenterPoint Energy activated its Emergency Operations Center on January 21, mobilizing a workforce of 3,300 and preparing over 700 natural gas workers to address potential equipment damage and outages, ensuring customer safety and service restoration.
- Equipment Inspection and Maintenance: The company inspected and tested all 270 electric substations and pre-staged over 9,200 distribution poles, 11,500 transformers, and more than 1,500 vehicles to meet potential power restoration demands, ensuring stable electricity supply during extreme weather.
- Customer Communication and Support: CenterPoint is providing safety and preparedness information to customers through social media and direct outreach, encouraging enrollment in the Power Alert Service® for outage details and restoration times, enhancing customer safety and information transparency during the winter storm.
Analyst Views on CNP
Wall Street analysts forecast CNP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CNP is 41.80 USD with a low forecast of 36.00 USD and a high forecast of 45.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
4 Buy
6 Hold
0 Sell
Moderate Buy
Current: 38.870
Low
36.00
Averages
41.80
High
45.00
Current: 38.870
Low
36.00
Averages
41.80
High
45.00
About CNP
CenterPoint Energy, Inc. is an energy delivery company. The Company, through its subsidiaries, owns and operates electric transmission, distribution and generation facilities and natural gas distribution systems. Its segments include Electric and Natural Gas. The Electric segment includes electric transmission and distribution services that are subject to rate regulation in Houston Electric's and Indiana Electric's service territories. The Natural Gas segment includes intrastate natural gas sales to, and natural gas transportation and distribution for residential, commercial, industrial and institutional customers in Indiana, Minnesota, Ohio, and Texas; permanent pipeline connections through interconnects with various interstate and intrastate pipeline companies; and home appliance maintenance and repair services to customers in Minnesota and home repair protection plans to natural gas customers in Indiana, Ohio and Texas through a third party.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
