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    CENTERPOINT ENERGY HOUSTON ELECTRIC LLC FILES (8-K) Disclosing Results of Operations and Financial Condition, Change in Directors or Principal Officers, Regulation FD Disclosure, Financial Statements and Exhibits


    November 1, 2022 - Edgar Glimpses

     

      Item 2.02. Results of Operations and Financial Conditions.

       On November 1, 2022, CenterPoint Energy, Inc. ("CenterPoint Energy") reported third quarter 2022 earnings. For additional information regarding CenterPoint Energy's third quarter 2022 earnings, please refer to CenterPoint Energy's press release attached to this report as Exhibit 99.1 (the "Press Release"), which Press Release is incorporated by reference herein. 

      Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

       Based upon ongoing extensive succession planning discussions by the Board of Directors (the "Board of Directors") of CenterPoint Energy, along with the utilization of third party advisors and in conjunction with the Board of Directors' continued focus on a succession planning strategy to support CenterPoint Energy's long-term growth, on October 31, 2022, the Board of Directors approved the appointment of Mr. Jason P. Wells as President and Chief Operating Officer of CenterPoint Energy, effective January 1, 2023. Mr. Wells will continue to serve as Chief Financial Officer of CenterPoint Energy until his successor has been appointed. CenterPoint Energy has initiated an executive search for a Chief Financial Officer. As a result of Mr. Wells' appointment, the Board also approved a title change for Mr. David J. Lesar from President and Chief Executive Officer to Chief Executive Officer, effective January 1, 2023. At this time, all other named executive officers of CenterPoint Energy will continue in their current roles. Mr. Wells, age 44, has served as Executive Vice President and Chief Financial Officer of CenterPoint Energy since September 2020. Prior to joining CenterPoint Energy, Mr. Wells served as Executive Vice President and Chief Financial Officer of PG&E Corporation, a publicly traded electric utility holding company serving approximately 16 million customers through its subsidiary Pacific Gas and Electric Company, from June 2019 to September 2020. He previously served as Senior Vice President and Chief Financial Officer of PG&E Corporation from January 2016 to June 2019 and as Vice President, Business Finance of Pacific Gas and Electric Company from August 2013 to January 2016. PG&E Corporation filed Chapter 11 bankruptcy on January 29, 2019 and successfully emerged from bankruptcy on July 1, 2020. He also served in various finance and accounting roles of increasing responsibility at Pacific Gas and Electric Company. Mr. Wells earned his bachelor's degree and master's degree in accounting, both from the University of Florida. He is a certified public accountant. Mr. Wells serves on the Bauer College Board of the C.T. Bauer College of Business at the University of Houston, the Advisory Board of the Kinder Institute for Urban Research at Rice University, and the Boards of Central Houston, Inc. and M.D. Anderson Cancer Center. The appointment of Mr. Wells was not pursuant to any agreement between him and any other person. There is no family relationship between Mr. Wells and any director or executive officer of CenterPoint Energy, and there are no transactions between Mr. Wells and CenterPoint Energy that are required to be reported under Item 404(a) of Regulation S-K. At this time, there are no changes to Mr. Wells' compensation arrangements with CenterPoint Energy in connection with his appointment to the position of President and Chief Operating Officer. If changes to his compensation arrangements are going to be made in connection with his appointment, CenterPoint Energy will file an amendment to this Current Report on Form 8-K and describe such changes. 

      Item 7.01. Regulation FD Disclosure.

       CenterPoint Energy is holding a conference call to discuss its third quarter 2022 earnings on November 1, 2022. Information about the call can be found in the Press Release furnished herewith as Exhibit 99.1. For additional information regarding CenterPoint Energy's third quarter 2022 earnings, please refer to the supplemental materials which are being posted on CenterPoint Energy's website and are attached to this report as Exhibit 99.2 (the "Supplemental Materials"), which Supplemental Materials are incorporated by reference herein. Also, on November 1, 2022, CenterPoint Energy issued a press release announcing the appointment of Mr. Jason P. Wells as President and Chief Operating Officer. A copy of the press release is furnished as Exhibit 99.3 hereto and is incorporated by reference herein. 

      Item 9.01. Financial Statements and Exhibits.

      The information in the Press Releases and the Supplemental Materials is being furnished, not filed, pursuant to Items 2.02 and 7.01, respectively. Accordingly, the information in the Press Releases and the Supplemental Materials will

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      not be incorporated by reference into any registration statement filed by CenterPoint Energy under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference.

       (d) Exhibits. EXHIBIT NUMBER EXHIBIT DESCRIPTION 99.1 Press Release issued November 1, 2022

      regarding CenterPoint Energy's third

       quarter 2022 earnings 99.2 Supplemental Materials regarding CenterPoint

      Energy's third quarter 2022

       earnings 99.3 Press Release issued November 1, 2022 

      regarding the announcement of President

       and Chief Operating Officer 104 Cover Page Interactive Data File - the cover

      page XBRL tags are embedded within

       the Inline XBRL document 

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