CenterPoint Energy Surges to 485th in Trading Rankings with $345 Million Turnover Amid Energy Initiatives

On April 4, 2025, CenterPoint Energy (CNP) saw a significant increase in trading volume, with a turnover of $345 million, marking a 77.04% rise from the previous day. This surge placed CNP at the 485th position in the day's trading rankings. However, the stock price of CNP experienced a decline of 3.43%.

CenterPoint Energy has proposed a plan to reduce electricity bills for residents in the Houston area while addressing statewide energy needs. The proposal involves relocating 15 large emergency generation units to the San Antonio area for up to two years. This move aims to lower customer bills by eliminating the costs associated with these units and better supporting Texas's energy infrastructure.

Following severe storms in southwestern Indiana, CenterPoint Energy has made substantial progress in restoring power to affected customers. As of April 4, 2025, more than 90% of impacted customers have had their power restored. The company deployed over 650 personnel, including crews, contractors, and mutual assistance teams, to repair significant damage to the electric system. The restoration efforts are expected to be substantially complete by the end of the day, with only a small subset of outages remaining.

CenterPoint Energy Houston Electric has suspended disconnects for non-payment, providing temporary relief to customers facing financial difficulties. This suspension aims to support customers during challenging times and ensure continued access to essential services.