11-K 1 a2024cnpsavingsplan11-k.htm 11-K Document

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_________________

FORM 11-K

(Mark One)

[ X ]    ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Fiscal Year Ended December 31, 2024

OR

[ ]    TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED]

For the transition period from _______________ to _________________


Commission file number 1-31447


A.     Full title of the plan and address of the plan, if different from that of the issuer named below:


CenterPoint Energy Savings Plan


B.     Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:

CenterPoint Energy, Inc.
1111 Louisiana Street
Houston, Texas 77002



TABLE OF CONTENTS










    

    



    
    


    


    

    





    


Other supplemental schedules required by Section 2520.103-10 of the Department of Labor Rules and Regulations for Reporting and Disclosure under ERISA have been omitted because they are not applicable.



REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM


To the Plan Administrator and Plan Participants of
CenterPoint Energy Savings Plan

Opinion on the Financial Statements

We have audited the accompanying statements of net assets available for benefits of the CenterPoint Energy Savings Plan (the Plan) as of December 31, 2024 and 2023, and the related statement of changes in net assets available for benefits for the year ended December 31, 2024, and the related notes (collectively referred to as the financial statements). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2024 and 2023, and the changes in net assets available for benefits for the year ended December 31, 2024, in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility of Plan’s management (Management). Our responsibility is to express an opinion on the financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by Management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

Supplemental Schedule

The supplemental information in the accompanying Schedule of Assets (Held at End of Year) as of December 31, 2024, has been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. The supplemental schedule is the responsibility of Management. Our audit procedures included determining whether the supplemental schedule reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental schedule. In forming our opinion on the supplemental schedule,












1

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM


we evaluated whether the supplemental schedule, including its form and content, is presented in conformity with the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental schedule is fairly stated, in all material respects, in relation to the financial statements taken as a whole.


/s/ McConnell & Jones LLP

Houston, Texas
June 24, 2025

We have served as the Plan’s auditor since 2004.









































2


CENTERPOINT ENERGY SAVINGS PLAN

STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS


December 31,
20242023
(in thousands)
Assets
Investments at fair value (Note 3)$2,635,754 $2,339,273 
Fully benefit-responsive investment contracts at contract value (Note 3)206,403 226,468 
Total investments2,842,157 2,565,741 
Receivables
Notes receivable from participants36,868 33,777 
Investment transactions21 39 
Employer contributions4,047 3,232 
Participant contributions— 2 
Dividends, interest, and other1 11 
Total receivables40,937 37,061 
Total Assets2,883,094 2,602,802 
Liabilities
Investment transactions— (400)
Accrued payables(1,184)(256)
Other(168)(149)
Total Liabilities(1,352)(805)
Net Assets Available for Benefits$2,881,742 $2,601,997 


See accompanying Notes to Financial Statements.
3

CENTERPOINT ENERGY SAVINGS PLAN

STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS


Year Ended December 31, 2024
(in thousands)
Investment Income
Net appreciation in investments
$377,949 
Dividends and interest13,513 
Net investment income
391,462 
Interest on notes receivable from participants2,795 
Contributions
Participant97,572 
Employer72,168 
Rollover5,934 
Total contributions175,674 
Expenses
Benefit payments(286,149)
Administrative expenses(4,037)
Total expenses(290,186)
Change in Net Assets Available for Benefits 279,745 
Net Assets Available for Benefits, Beginning of Period
2,601,997 
Net Assets Available for Benefits, End of Period
$2,881,742 


See accompanying Notes to Financial Statements.

4

CENTERPOINT ENERGY SAVINGS PLAN
Notes to Financial Statements
December 31, 2024 and 2023

(1) Description of the Plan

The following description of the CenterPoint Energy Savings Plan (the Plan) provides only general information. Participants (as defined below) should refer to the Plan document for a more complete description of the Plan’s provisions. In the case of any discrepancy between this summary and the Plan document, the Plan document will govern.

(a)General

The Plan is a defined contribution plan established in accordance with Sections 401(a) and 401(k) of the Internal Revenue Code of 1986, as amended (IRC), and is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (ERISA).

Participants include all employees of CenterPoint Energy, Inc. (Company or CenterPoint Energy) and those subsidiaries and affiliates of the Company that have adopted the Plan except (a) employees covered by a collective bargaining agreement unless such agreement provides for participation in the Plan, (b) leased employees, (c) independent contractors and (d) non-resident aliens who receive no United States sourced income (Participants).

(b)Contributions

Participants may make pre-tax and/or Roth contributions up to 50% of eligible compensation, not to exceed the Internal Revenue Service (IRS) limits as defined in the Plan, except that certain bargaining unit Participants may contribute more than 50% of any bonus compensation in accordance with the terms of the Plan and the applicable collective bargaining agreement. Participants may also make after-tax contributions of up to 16% of eligible compensation, not to exceed the IRS limits as defined in the Plan. Active Participants age 50 or over may contribute an additional pre-tax and/or Roth contribution not to exceed the IRS limit ($7,500 for 2024); however, the Company does not provide Company matching contributions on such “catch-up” contributions. Participants may also contribute amounts representing rollover eligible distributions from other qualified defined benefit or defined contribution plans, IRC Section 403(b) annuity plans, IRC Section 457 governmental plans or individual retirement accounts. Participants direct their contributions into the various eligible investment options offered by the Plan. Contributions are subject to certain limitations as set forth under the IRC or the limits set forth in the Plan document.

All new employees are automatically enrolled in the Plan to make pre-tax contributions unless they elect otherwise. An employee who has been automatically enrolled is deemed to have elected to defer pre-tax contributions at a rate of 6% (3% for certain bargaining unit Participants) of eligible compensation (Automatic Contributions). A notice is provided to all employees who are scheduled to be automatically enrolled in the Plan (Automatic Enrollment Notice). In general, an employee has 30 days after receiving the Automatic Enrollment Notice to elect not to make any pre-tax contributions or choose a different contribution percentage.

Contributions, including all related employer matching contributions, made under the Automatic Contribution provision of the Plan are invested in the default investment fund as defined in the Plan unless the Participant elects otherwise. In addition, if a Participant is making contributions to the Plan from eligible regular pay, unless the Participant elects otherwise, his or her deferral rate is automatically increased by 1% on the first business day of April each year, up to a 10% maximum total deferral rate from regular pay. Employees may elect to change their contribution percentages and/or direct contributions to any of the investment options offered under the Plan at any time.

The Company matches 100% of the first 6% of eligible compensation contributed by a Participant to the Plan (excluding catch-up contributions) except with respect to (1) certain grandfathered non-bargaining unit Participants actively accruing benefits under a qualified defined benefit plan of the Company or an affiliate other than a cash balance benefit (Grandfathered Retirement Plan Participants) and (2) certain bargaining unit Participants. With respect to a Grandfathered Retirement Plan Participant, the Company matches 50% of the first 6% of eligible compensation contributed by such Participant. With respect to certain bargaining unit Participants, Company matching contributions are made in accordance with the Plan document and the applicable collective bargaining agreement and are generally 50% of the first 5%, 6%, or 8% of eligible compensation contributed by the Participant. Company matching contributions for certain bargaining unit Participants covered under the Utility Workers Union of America, Local 175 (UWUA) agreement are limited to $1,400 per year.

5
CENTERPOINT ENERGY SAVINGS PLAN
Notes to Financial Statements
December 31, 2024 and 2023

The Company also makes non-matching contributions equal to 3% of eligible compensation for Participants who are not eligible to accrue benefits, other than interest credits, under any qualified defined benefit plan of the Company or any of its subsidiaries or affiliates (other than certain Grandfathered Retirement Plan Participants who were employed by Indiana Energy, Inc. or one of its subsidiaries on December 31, 1998 and met certain age and service requirements), except that for certain bargaining unit Participants, the Company makes different non-matching contributions in accordance with the Plan document and the applicable collective bargaining agreement. Employer contributions (matching and non-matching) are made in the form of cash and are invested in accordance with Participant elections.

The CenterPoint Energy, Inc. Common Stock Fund (Company Stock Fund) is an investment option under the Plan. A Participant may not elect (i) that more than 25% of future contributions (including Company matching and non-matching contributions) be invested in the Company Stock Fund or (ii) a transfer of any portion of his or her current account balance that would result in more than 25% of the total account balance invested in the Company Stock Fund. Furthermore, any transfer of funds into or out of the Company Stock Fund and other elections under the Plan that impact investments in the Company Stock Fund are subject to the Company’s Insider Trading Policy. In addition, Participants may elect to have dividends paid on their investment in the Company Stock Fund either reinvested in the Company Stock Fund or paid to them in cash, and they can transfer all or part of their investment in the Company Stock Fund to the other investment options offered by the Plan.

(c)Investment Options

The Plan offered the following investment funds (Funds) as of December 31, 2024:

•Company Stock Fund
•Fixed Income Fund
•International Equity Fund
•Large Company Growth Fund
•Large Company Value Fund
•S&P 500 Index Fund
•Small Company Fund
•Stable Value Fund
•Vanguard Target Retirement Income Fund
•Vanguard Target Retirement 2020 Fund
•Vanguard Target Retirement 2025 Fund
•Vanguard Target Retirement 2030 Fund
•Vanguard Target Retirement 2035 Fund
•Vanguard Target Retirement 2040 Fund
•Vanguard Target Retirement 2045 Fund
•Vanguard Target Retirement 2050 Fund
•Vanguard Target Retirement 2055 Fund
•Vanguard Target Retirement 2060 Fund
•Vanguard Target Retirement 2065 Fund
•Vanguard Target Retirement 2070 Fund

Upon enrollment in the Plan, Participants may direct contributions, in 1% increments, in any of the investment options subject to certain limitations on investments in the Company Stock Fund as previously described. Participants should refer to the Plan prospectus for a detailed description of each Fund.

(d)Participant Accounts

Individual accounts are maintained for each Participant. Each Participant’s account is credited with the Participant’s contributions and with allocations of the Company contributions and Plan earnings. Each Participant’s account is also charged with an allocation of administrative expenses. Allocations are based on Participant account balances. Participants are entitled to their vested account balance.




6
CENTERPOINT ENERGY SAVINGS PLAN
Notes to Financial Statements
December 31, 2024 and 2023

(e)Vesting, Forfeitures, and Excess Contributions

Participants are vested immediately in their elective contributions plus earnings thereon. Participants hired before January 1, 2024, other than certain bargaining unit employees, are also immediately fully vested in all Company contributions and actual earnings thereon. With respect to certain bargaining unit Participants, Company contributions vest in accordance with the Plan document and the applicable collective bargaining agreement, generally, ratably in 20% increments over five years. With respect to non-union and certain union Participants hired on or after January 1, 2024, Company contributions fully vest after two years of service. Notwithstanding the foregoing vesting schedules, in all cases, Participants become fully vested upon reaching normal retirement age (age 65), becoming disabled (as defined in the Plan), death while an employee, or termination or partial termination of the Plan. Forfeitures may be used to reduce future employer contributions or pay reasonable administrative expenses of the Plan. The amount so utilized from forfeited non-vested accounts for the years ended December 31, 2024 and 2023 were $84 thousand and $63 thousand, respectively. Contributions made to the Plan by or for the benefit of highly compensated employees may be returned to them or forfeited, as applicable, if the Plan fails discrimination testing.

(f)Notes Receivable from Participants

Participants may borrow against their vested account balance. The maximum amount that a Participant may borrow is the lesser of (a) $50,000, reduced by the excess, if any, of the highest outstanding balance of loans to the Participant from all plans maintained by the Company or an affiliated entity during the one-year period ending on the day before the date on which such loan is made, over the outstanding balance of loans from the Plan on the date on which such loan is made or (b) 50% of the value of the Participant’s vested account balance under the Plan.

The loans are secured by the pledge of a portion of the Participant’s right, title and value of the Participant’s vested account balance under the Plan as determined immediately after the loans are made. The minimum loan amount is $500. Loans may be repaid over a period of up to five years and are subject to a $50 origination fee. Interest rates for loans originated from the Plan are fixed at the prime rate listed in The Wall Street Journal for the first of each month in which the loan is requested plus 1%. The prime rate was 8.50% as of December 31, 2024. Loans that were rolled over from another qualified plan in connection with an acquisition or other business transaction maintain their original terms of the loan (including interest rate used for the loan). Loan transactions are treated as a transfer to (from) the investment fund from (to) notes receivable from Participants.

(g)Payment of Benefits

Upon termination of employment, a Participant whose account exceeds $7,000 (or $5,000 prior to June 10, 2024) may elect, upon written request at any time, to receive a distribution in a single lump-sum payment or fixed monthly, quarterly, semi-annual or annual installments over a period of ten years or less. A Participant may also elect a partial distribution of his or her account upon termination of employment. Such distributions are generally paid in the form of cash; however, if the Participant has investments in the Company Stock Fund, the Participant may elect an in-kind distribution of the Participant’s account balance in the Company Stock Fund.

Generally, to the extent a Participant has not requested a distribution by the time he or she reaches the applicable age under the IRC, required minimum distributions will be made consistent with the terms and conditions of the Plan and the requirements of the IRC. Immediate lump-sum distributions are made for accounts which do not exceed $7,000 (or $5,000 prior to June 10, 2024), subject to direct roll-over to an individual retirement account if greater than $1,000 but not exceeding $7,000 (or $5,000 prior to June 10, 2024), unless the Participant directs the distribution otherwise.

A Participant who is under the age of 59½ may make a withdrawal from amounts attributable to after-tax contributions, roll-over contributions, the vested portion of prior Plan accounts, and associated earnings, as applicable. If a Participant is under the age of 59½ and has less than five years of service and withdraws after-tax matched contributions, the Participant will be suspended from making after-tax contributions to the Plan for six months. A Participant who is age 59½ or older may make unlimited withdrawals from pre-tax contributions, Roth contributions, after-tax contributions, company matching and/or non-matching contributions if fully vested in those contributions, the vested portion of prior Plan accounts, rollover accounts and any associated earnings.

The Plan also allows active Participants to apply for a “hardship” withdrawal from amounts attributable to pre-tax or Roth contributions (not including any earnings and gains thereon) in accordance with Plan provisions. Further, certain
7
CENTERPOINT ENERGY SAVINGS PLAN
Notes to Financial Statements
December 31, 2024 and 2023

bargaining unit Participants automatically enrolled in the Plan may elect, within 90 days after the date on which Automatic Contributions are first taken from their eligible compensation, to withdraw such Automatic Contributions.

(h)Administration

The assets of the Plan are held in trust by The Northern Trust Company (Trustee). Voya Institutional Plan Services, LLC is the recordkeeper for the Plan. The Benefits Committee of CenterPoint Energy, Inc. (Committee), appointed by the Board of Directors of the Company, is the Plan Administrator (Plan Administrator). The Committee retains an independent investment consultant to provide investment advice with respect to the Funds other than the Company Stock Fund. Changes to the Company Stock Fund may be made only by the Board of Directors of the Company.

(i)Termination of the Plan

Although it has not expressed any intent to do so, the Company may terminate the Plan at any time subject to the provisions of ERISA and must give written notice to the Trustee.

(j)Subsequent Events

In preparing the accompanying financial statements, Plan management has reviewed all known events that have occurred after December 31, 2024, and through June 24, 2025, the date the financial statements were available to be issued, for inclusion in the financial statements and notes.
Effective June 2, 2025, a self-directed brokerage account option is available under the Plan, which provides Participants access to thousands of publicly traded mutual funds. Any investment through the self-directed brokerage account is at the direction of the Participant, and the core investment options under the Plan continue to be available. Participants investing through the self-directed brokerage account assume responsibility for researching, evaluating, and monitoring their investments through the account. Plan fiduciaries do not monitor the performance of the self-directed brokerage account.

(2) Summary of Accounting Policies

(a)Basis of Accounting and Use of Estimates

The financial statements of the Plan are prepared on the accrual basis of accounting in conformity with generally accepted accounting principles in the United States of America (GAAP). The preparation of the Plan financial statements in conformity with GAAP requires the Plan Administrator to make estimates and assumptions that affect the reported amounts of net assets available for benefits at the date of the financial statements and the changes in net assets available for benefits during the reporting period and, when applicable, disclosures of contingent assets and liabilities at the date of the financial statements. Actual results could differ from those estimates.

(b)New Accounting Standards

The Plan sponsor believes that recently adopted and recently issued accounting standards that are not yet effective will not have a material impact on the Plan's financial position or changes in net assets available for benefits upon adoption.

(c)Investment Valuation and Income Recognition

The investments in all Funds, except for the fully benefit-responsive investment contracts, of the Plan are reported at fair value. Fair value is the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fully benefit-responsive investment contracts are stated at contract value. Security transactions are recorded as of the trade date. Interest income is recorded on the accrual basis. Dividends are recorded as of the ex-dividend date.

(d)Notes Receivable from Participants

Notes receivable from Participants are measured at their unpaid principal balance plus any accrued but unpaid interest. Delinquent notes receivable are reclassified as distributions based upon the terms of the Plan. Interest income on notes
8
CENTERPOINT ENERGY SAVINGS PLAN
Notes to Financial Statements
December 31, 2024 and 2023

receivable from Participants is recorded when it is earned. A reserve for credit losses is recorded when collection is no longer deemed probable. There was no reserve for credit losses as of December 31, 2024 and 2023.

(e)Payment of Benefits

Benefits are recorded when paid.

(f)Plan Expenses

Direct Plan expenses such as trustee, recordkeeping, auditing and investment management fees and certain general administrative expenses are paid from the Plan assets. These expenses are shown as a separate component in the Statement of Changes in Net Assets Available for Benefits. Plan expenses other than the aforementioned items are included as a component of investment gains and losses and reported on Schedule C of Form 5500, if applicable, as indirect compensation in accordance with ERISA disclosure requirements.

(3) Fair Value Measurements

Accounting Standards Codification Topic 820, Fair Value Measurements (ASC 820) establishes a framework for measuring fair value as it relates to financial assets and liabilities and to non-financial assets and liabilities measured at fair value on a recurring basis. That framework provides a three-level valuation hierarchy based upon observable and unobservable inputs, with preference given to observable inputs.

The three levels of the fair value hierarchy under ASC 820 are described below:

Level 1Inputs are unadjusted quoted prices in active markets for identical assets or liabilities at the measurement date.
Level 2Inputs, other than quoted prices included in Level 1, are observable for the asset or liability, either directly or indirectly. Level 2 inputs include quoted prices for similar instruments in active markets, and inputs other than quoted prices that are observable for the asset or liability.
Level 3Inputs are unobservable for the asset or liability, and include situations where there is little, if any, market activity for the asset or liability. Unobservable inputs reflect the Plan’s judgments about the assumptions market participants would use in pricing the asset or liability since limited market data exists. Unobservable inputs are based on the best information available in the circumstances, which might include the Plan’s own data.

The following is a description of the valuation methodologies used for assets measured at fair value as of December 31, 2024.

Asset
Level
Valuation Methodology
Cash and cash equivalents
1
Valued at the net asset value of shares held by the Plan.
Mutual funds
1
Valued at the net asset value of shares held by the Plan. The share value is based on the market quoted price at the end of the day.
Equities
1
Valued at the last traded or official closing price in an active market or exchange in which these securities are traded.
Common/Collective Trust2
Valued at the net asset value, or its equivalent, of units held by the Plan and generally include the use of significant observable inputs in determining the unit value which is available daily.

The methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Plan believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.

9
CENTERPOINT ENERGY SAVINGS PLAN
Notes to Financial Statements
December 31, 2024 and 2023

The following tables set forth by level, within the fair value hierarchy, the Plan’s investments at fair value as of December 31, 2024 and 2023:
As of December 31, 2024
Level 1Level 2Level 3Grand Total
(in thousands)
Cash and Cash Equivalents$12,283 $— $— $12,283 
Company Stock177,055 — — 177,055 
Other Equities229,278 — — 229,278 
Mutual Funds69,877 — — 69,877 
Common/Collective Trust Funds— 2,147,261 — 2,147,261 
Total investments at fair value$488,493 $2,147,261 $— $2,635,754 
Fully benefit-responsive investment contracts at contract value206,403 
Total Investments$2,842,157 
As of December 31, 2023
Level 1Level 2Level 3Grand Total
(in thousands)
Cash and Cash Equivalents$11,236 $— $— $11,236 
Company Stock188,255 — — 188,255 
Other Equities178,551 — — 178,551 
Mutual Funds64,684 — — 64,684 
Common/Collective Trust Funds— 1,896,547 — 1,896,547 
Total investments at fair value$442,726 $1,896,547 $— $2,339,273 
Fully benefit-responsive investment contracts at contract value226,468 
Total Investments$2,565,741 


(4) Stable Value Fund

The Stable Value Fund utilizes synthetic guaranteed investment contracts (Synthetic GICs). A Synthetic GIC includes a wrap contract issued by an insurance company or other financial institution and a portfolio of fixed income assets that are owned by the Stable Value Fund. The wrap contract provides that realized and unrealized gains and losses on the assets covered by the wrap contract are not reflected immediately in the net assets of the Stable Value Fund, but rather are amortized over the duration of the assets or other agreed upon period, through adjustments to the future interest crediting rates. The wrap contract provides a guarantee that all qualified participant withdrawals will occur at contract value which represents contributions made under the contract, plus earnings, less withdrawals made under the contract and administrative expenses. As of December 31, 2024, the investments held by the Stable Value Fund consist of:
(in thousands)
Synthetic guaranteed investment contracts$206,403 

Wrap contracts provide that withdrawals associated with certain events not in the ordinary course of fund operations may be paid at market rather than contract value. Examples of such circumstances may include significant plan design changes, complete or partial plan terminations, severance programs, early retirement programs, the closing or sale of a subsidiary, bankruptcy of the Plan sponsor or the failure of the trust to qualify for exemption from federal income taxes or any required prohibited transaction exemption under ERISA. The Plan Administrator does not believe the occurrence of the above events that would limit the Plan’s ability to conduct transactions with Participants at contract value is probable.

10
CENTERPOINT ENERGY SAVINGS PLAN
Notes to Financial Statements
December 31, 2024 and 2023

(5) Risks and Uncertainties

The Plan has investments in short term cash equivalents, equities, and common collective trust funds. As part of its equity investments, the Plan has significant holdings of CenterPoint Energy, Inc. common stock. As a result, the values of the Plan’s investments may be materially impacted by the changes in the fair value of this security.

Investments, in general, are exposed to various risks, such as interest rate, credit and overall market volatility risk. Due to the level of risk associated with certain investments, it is reasonably possible that changes in the values of investments will occur in the near term and that such changes could materially affect the amounts reported in the Statements of Net Assets Available for Benefits and Participant account balances. Rates of return will vary, and returns will depend on the market value of the Plan’s investments.

(6) Tax Status

The IRS has determined and informed the Company by letter dated August 18, 2021 that the Plan is qualified, and the trust fund established is tax-exempt under the appropriate sections of the IRC. Although the Plan has been amended since receiving the determination letter, the Plan Administrator and the Plan sponsor’s counsel believe these amendments have not adversely affected the Plan’s qualified status and the related trust’s tax-exempt status as of the financial statement date.

GAAP requires the Plan Administrator to evaluate tax positions taken by the Plan and recognize a tax liability (or asset) if the Plan has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. The Plan Administrator has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2024 and 2023, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Plan is subject to routine audits by the IRS; however, there are currently no audits for any tax periods in progress.

(7) Related Party and Parties-in-Interest Transactions

The Plan may invest in shares of funds provided through the Northern Trust Company and Voya and in shares of the Company Stock Fund. CenterPoint Energy is the Plan sponsor and a related party. Northern Trust is the Trustee for the Plan, and Voya is the recordkeeper. Therefore, these transactions qualify as party in interest transactions. During 2024, the Plan purchased and sold shares of the Company’s common stock and units of short-term investment funds managed by the Trustee as temporary investments (exempt party-in-interest transactions) as shown below:


Purchases(in thousands)
Northern Trust Collective Short-term Investment Fund$298,350 
Sales
Company Stock$28,466 
Northern Trust Collective Short-term Investment Fund297,305 




11


EIN 74-0694415 PLAN 015
SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2024


(a)(b) Identity of issue, borrower, lessor or similar party(c) Description of investment including maturity date, rate of interest, collateral, par or maturity value(e) Current value
CASH AND CASH EQUIVALENTS
*NORTHERN TRUSTNT COLLECTIVE SHORT TERM INVT FD$12,282,868 
COMMON/COLLECTIVE TRUST FUNDS
BLACKROCKMFO BGI RUSSELL 1000 GROWTH FD CL F$211,595,540 
BLACKROCKMFO BLACKROCK MSCI ACWI EX US INDEX SUPERFUND F47,326,011 
BLACKROCKMFO BLACKROCK RUSSELL 1000 VALUE FD F62,039,851 
BLACKROCKMFO BLACKROCK RUSSELL 2000 INDEX F36,160,804 
BLACKROCKMFO EQUITY INDEX FUND F570,804,078 
HARDING LOEVNERMFO HARDING LOEVNER COLLECTIVE INVT TR FOR RETIREMENT PLANS50,924,130 
MELLONMFO EB DAILY LIQUIDITY AGGREGATE BD FD73,917,641 
PRUDENTIALMFO PRUDENTIAL TR CO COLLECTIVE INVT TR CORE PLUS BD FD CL 1267,643,949 
SCHRODERMFO STEADFAST MFO SCHRODER INTERNATIO NAL MULTI-CAP QUALITY TRUST CL 1 212052,075,312 
VANGUARDMFO VANGUARD TARGET RETIREMENT 2020 TRUST I31,854,345 
VANGUARDMFO VANGUARD TARGET RETIREMENT 2025 TRUST 169,635,714 
VANGUARDMFO VANGUARD TARGET RETIREMENT 2030 TRUST I89,727,873 
VANGUARDMFO VANGUARD TARGET RETIREMENT 2035 TRUST I 101,178,998 
VANGUARDMFO VANGUARD TARGET RETIREMENT 2040 TRUST I103,833,836 
VANGUARDMFO VANGUARD TARGET RETIREMENT 2045 TRUST I143,587,744 
VANGUARDMFO VANGUARD TARGET RETIREMENT 2050 TRUST I126,191,017 
VANGUARDMFO VANGUARD TARGET RETIREMENT 2055 TRUST I96,158,399 
VANGUARDMFO VANGUARD TARGET RETIREMENT 2060 TRUST I46,111,279 
VANGUARDMFO VANGUARD TARGET RETIREMENT 2065 TRUST I21,905,809 
VANGUARDMFO VANGUARD TARGET RETIREMENT 2070 TRUST I1,973,250 
VANGUARDMFO VANGUARD TARGET RETIREMENT INCOME TRUST I35,878,100 
*VOYAMFO EMPLOYEE BENEFIT INVT FDS VOYA INVT TR C VOYA CORE PLUS TR FD CL 467,609,683 
WELLINGTONMFO WLNGTN TR CO NATL ASSOC MLTPL COLCT INVT FDS TR II SMA CAP OPPS39,128,202 
SUBTOTAL$2,147,261,565 
12

(a)(b) Identity of issue, borrower, lessor or similar party(c) Description of investment including maturity date, rate of interest, collateral, par or maturity value(e) Current value
MUTUAL FUNDS
LSVLSV VALUE EQUITY FUND$69,876,903 
COMMON STOCK
ADOBE INC COMEQUITY SECURITY AND FUNDS$1,750,261 
ADR ARGENX SE SPONSORED ADSEQUITY SECURITY AND FUNDS1,676,490 
ADR ASML HLDG NV NY REG 2012 (POST REV SPLIT)EQUITY SECURITY AND FUNDS1,464,478 
ADR LEGEND BIOTECH CORP SPON ADS EACH REP 2 ORD SHSEQUITY SECURITY AND FUNDS481,202 
ADR SONOVA HLDG AG UNSP ADREQUITY SECURITY AND FUNDS1,312,182 
ADVANCED MICRO DEVICES INC COMEQUITY SECURITY AND FUNDS1,076,481 
AFFIRM HLDGS INC CL A CL AEQUITY SECURITY AND FUNDS310,346 
ALPHABET INC CAPITAL STOCK USD0.001 CL AEQUITY SECURITY AND FUNDS17,133,164 
AMAZON COM INC COMEQUITY SECURITY AND FUNDS19,825,616 
AMPHENOL CORP NEW CL AEQUITY SECURITY AND FUNDS3,958,631 
APPLE INC COM STKEQUITY SECURITY AND FUNDS22,650,990 
ATLASSIAN CORP CL AEQUITY SECURITY AND FUNDS1,838,493 
AURORA INNOVATION INC CL A COMEQUITY SECURITY AND FUNDS420,090 
BECTON DICKINSON & CO COMEQUITY SECURITY AND FUNDS1,532,734 
BOEING CO COMEQUITY SECURITY AND FUNDS1,606,275 
BOOKING HLDGS INC COMEQUITY SECURITY AND FUNDS3,766,062 
CHIPOTLE MEXICAN GRILL INC COM STKEQUITY SECURITY AND FUNDS1,718,369 
COUPANG INCEQUITY SECURITY AND FUNDS1,841,814 
DANAHER CORP COMEQUITY SECURITY AND FUNDS1,583,611 
DYNATRACE INC COMEQUITY SECURITY AND FUNDS1,075,695 
ELI LILLY & CO COMEQUITY SECURITY AND FUNDS4,794,120 
ENTEGRIS INC COMEQUITY SECURITY AND FUNDS1,466,088 
EQUIFAX INC COMEQUITY SECURITY AND FUNDS1,903,475 
FAIR ISAAC CORPORATION COMEQUITY SECURITY AND FUNDS1,652,472 
FISERV INC COMEQUITY SECURITY AND FUNDS7,021,666 
HOWMET AEROSPACE INC COM USD1.00 WIEQUITY SECURITY AND FUNDS1,903,038 
HUBSPOT INC COMEQUITY SECURITY AND FUNDS1,978,827 
INGERSOLL RAND INC COMEQUITY SECURITY AND FUNDS1,842,127 
INTUIT COMEQUITY SECURITY AND FUNDS7,214,552 
INTUITIVE SURGICAL INC COM NEW STKEQUITY SECURITY AND FUNDS5,043,699 
13

(a)(b) Identity of issue, borrower, lessor or similar party(c) Description of investment including maturity date, rate of interest, collateral, par or maturity value(e) Current value
LULULEMON ATHLETICA INC COMEQUITY SECURITY AND FUNDS1,147,230 
MASTERCARD INC CL AEQUITY SECURITY AND FUNDS8,252,932 
MERCADOLIBRE INC COM STKEQUITY SECURITY AND FUNDS1,186,907 
META PLATFORMS INC COM USD0.000006 CL 'A'EQUITY SECURITY AND FUNDS12,378,267 
MICROSOFT CORP COMEQUITY SECURITY AND FUNDS27,542,075 
NATERA INC COMEQUITY SECURITY AND FUNDS759,840 
NETFLIX INC COM STKEQUITY SECURITY AND FUNDS3,982,418 
NVIDIA CORP COMEQUITY SECURITY AND FUNDS22,242,990 
PENUMBRA INC COMEQUITY SECURITY AND FUNDS15,674 
ROSS STORES INC COMEQUITY SECURITY AND FUNDS2,128,823 
SCHLUMBERGER LTD COM COMEQUITY SECURITY AND FUNDS1,128,527 
SCHWAB CHARLES CORP COM NEWEQUITY SECURITY AND FUNDS1,450,596 
SERVICENOW INC COM USD0.001EQUITY SECURITY AND FUNDS4,364,514 
SHOPIFY INC CL A SHOPIFY INCEQUITY SECURITY AND FUNDS2,531,398 
STRYKER CORPEQUITY SECURITY AND FUNDS3,256,671 
THE CIGNA GROUPEQUITY SECURITY AND FUNDS3,055,213 
TRADEWEB MKTS INC CL A CL AEQUITY SECURITY AND FUNDS1,020,914 
UNITEDHEALTH GROUP INC COMEQUITY SECURITY AND FUNDS5,519,438 
VISA INC COM CL A STKEQUITY SECURITY AND FUNDS5,470,652 
SUBTOTAL$229,278,127 
*CENTERPOINT ENERGY INC COMCOMPANY STOCK FUND$177,054,923 
TOTAL PLAN INVESTMENTS AT FAIR VALUE$2,635,754,386 
**STABLE VALUE FUNDSYNTHETIC GUARANTEED INVESTMENT CONTRACTS$206,402,986 
TOTAL PLAN INVESTMENTS
$2,842,157,372 
*NOTES RECEIVABLE FROM PARTICIPANT LOANS
CENTERPOINT ENERGY SAVINGS PLANLOANS ISSUED AT INTEREST RATES FROM 4.25% TO 9.50% WITH VARIOUS MATURITIES$36,868,007 

* PARTY-IN-INTEREST
** INVESTMENT AT CONTRACT VALUE BEING DEEMED AS FAIR VALUE
HISTORICAL COST INFORMATION IN COLUMN (D) IS NOT PRESENTED BECAUSE THE INVESTMENTS DISPLAYED ARE PARTICIPANT-DIRECTED.
14

SIGNATURE


Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the Plan) have duly caused this annual report to be signed on its behalf by the undersigned thereunto duly authorized.


CENTERPOINT ENERGY SAVINGS PLAN
By
/s/ Patricia Martin
(Patricia Martin, Member, Benefits Committee
of CenterPoint Energy, Inc., Plan Administrator)

June 24, 2025
15


EXHIBIT INDEX


Exhibit NumberDescriptionHow Filed
23Consent of Independent Registered Public Accounting FirmElectronically filed herewith
16