CenterPoint Energy Issues All-Source RFP Seeking Renewable, Thermal and Demand-Side Resources

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Aug 19, 2024, 09:00 ET

EVANSVILLE, Ind., Aug. 19, 2024 /PRNewswire/ -- CenterPoint Energy, Inc. (NYSE: CNP) announced its Indiana-based electric utility business, CenterPoint Energy Indiana South, has issued an All-Source Request for Proposals (RFP) to meet the evolving energy needs of its 150,000 electric customers in southwestern Indiana.

"As we continue to transition our electric generation resources, we are focused on diversifying our energy portfolio to help us to continue delivering safe, reliable and cost-effective service to our customers," said Shane Bradford, CenterPoint's Vice President, Indiana Electric. "This RFP allows us to explore a wide range of technologies that can contribute to our long-term generation strategy. We are also building on the insights gained from previous RFPs to better meet the needs of our customers and adapt to ever-evolving market conditions."

The RFP seeks generation technologies capable of providing fully accredited capacity no later than March 1, 2028. Respondents are encouraged to submit proposals that include utility-scale solar, wind and storage projects (standalone or paired), thermal generation, load-modifying resources, demand-side resources and other innovative solutions.

Key Dates and Submission Details:

RFP Issued: August 15, 2024
Notice of Intent and Required Documents Due: August 28, 2024
Proposals Due: October 8, 2024

CenterPoint Energy has retained 1898 & Co., a division of Burns & McDonnell, to manage the RFP process and assist with the evaluation of all proposals. Proposals must be submitted via the RFP website http://CenterPoint2024ASRFP.rfpmanager.biz. All communications regarding the RFP should be directed to 1898 & Co. through the website or via email at [email protected].

The 2024 RFP aligns with CenterPoint's commitment to maintain a reliable and sustainable energy supply for its customers and supports its Integrated Resource Plan (IRP).

For more information on CenterPoint Energy's IRP, visit CenterPointEnergy.com/IRP.

Forward Looking Statement

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" or other similar words are intended to identify forward-looking statements. These forward-looking statements 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, such as the success of the RFP to identify additional generation technologies, including the amount and the timing thereof, the extent to which any generation technologies identified by the RFP can contribute to our long-term generation strategy, the timing and transition to renewable generation, and any other statements 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. 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) CenterPoint Energy's business strategies and strategic initiatives; (2) changes in market demand; (3) CenterPoint Energy's ability to fund and invest planned capital and the timely recovery of CenterPoint's investments; (4) financial market conditions; (5) general economic conditions; (6) the timing and impact of regulatory proceedings and actions and legal proceedings; (7) effects of competition; (8) catastrophic events including public health threats; (9) weather variations and the impact of climate change; (10) changes in business plans; (11) continued disruptions to the global supply chain including volatility in commodity prices; (12) changes in technology; (13) legislative actions, including tax and developments related to the environment such as global climate change, air emissions, carbon, waste water discharges and the handling of coal combustion residuals; (14) CenterPoint Energy's ability to execute on its initiatives, targets and goals and operations and maintenance goals and (15) other factors, risks and uncertainties discussed in CenterPoint Energy's Annual Report on Form 10-K for the fiscal year ended December 31, 2023, CenterPoint Energy's Quarterly Report on Form 10-Q for the quarters ended March 31, 2024 and June 30, 2024 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 Relations
[email protected]

SOURCE CenterPoint Energy, Inc