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BTIG Initiates CenterPoint Energy at Neutral
CenterPoint Energy (CNP) has an average rating of overweight and mean price target of $46.33, according to analysts polled by FactSet.
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Commodities
NWS Warns of Record Breaking Heat in Central, Eastern US; Temperatures Over 100 Degrees Fahrenheit
The US National Weather Service early Tuesday forecast intensification of dangerous, record-breaking heat across a majority of central and eastern US this week, with heat expected to persist through the Independence Day holiday weekend in the eastern US.The heat value indices are expected to exceed 100 degrees Fahrenheit, the agency said.Meanwhile, portions of the Four Corners and Great Basin are expected to experience critical fire weather conditions on Tuesday due to the presence of dry conditions and gusty winds.The NWS early Tuesday issued a red flag warning for Utah's Bluff, Blanding, Moab, Monticello, Vernal, Green River, Price, Capitol Reef National Park, and areas near Escalante. These places primarily fall under the service area of PacifiCorp's Rocky Mountain Power.A similar warning was raised for Colorado's Craig, Rangely, Meeker, Rifle, Vail, Steamboat Springs, Grand Junction, Aspen, Montrose, Gunnison, Nucla, Buena Vista, Cortez, Durango, Lake City, Alamosa, Telluride, Kremmling, Leadville, Creede, Wolf Creek Pass, Saguache, South Fork, Salida, San Luis, Trinidad, Kim, La Junta, Pikes Peak, Canon City, Colorado Springs, Saguache, Granby, Georgetown, Ordway, Fairplay, and parts of Boulder, Fort Collins, and Castle Rock. An immediate evacuation notice was issued for West Cliff and Pueblo.Xcel Energy (XEL) and Black Hills (BKH) unit Black Hills Energy are the primary electricity service providers in Colorado.Also covered under a red flag warning watch were Arizona's Winslow, Show Low, St. Johns, parts of Chinle, and areas near Flagstaff and Grand Canyon Village, primarily served by Pinnacle West Capital (PNW) unit Arizona Public Service Company.Affected areas in Nebraska include Harrison, Chadron, Scottsbluff, Bridgeport, Alliance, Harrisburg, Kimball, and Sidney. A major part of the state is covered under the service area of regional transmission organization Southwest Power Pool, with Midcontinent ISO also serving some areas.A red flag warning was also issued for Wyoming's Glenrock, Bill, Lusk, Lance Creek, Glendo, Douglas, Torrington, Wheatland, Chugwater, Cheyenne, and Newcastle, which primarily fall under the service area of Rocky Mountain Power.The NWS issued extreme heat warning for the entirety of Ohio, Indiana, Kentucky, and Illinois.The Ohio-based subsidiaries of American Electric Power (AEP) and AES (AES), FirstEnergy (FE) units Ohio Edison, Toledo Edison, and The Illuminating Company, and Duke Energy (DUK) are among the major service providers in Ohio. Indiana is primarily served by Duke Energy, AEP subsidiary Indiana Michigan Power, NiSource (NI) unit Northern Indiana Public Service Company, AES unit AES Indiana, and CenterPoint Energy (CNP).Ameren's (AEE) Illinois unit and Exelon (EXC) subsidiary ComEd are among the major service providers in Illinois, while Kentucky is primarily served by PPL (PPL) subsidiary Louisville Gas and Electric & Kentucky Utilities, AEP unit Kentucky Power, and Duke Energy among others.Most of Iowa, except for Storm Lake, Sioux City, and parts of Estherville, primarily served by Berkshire Hathaway Energy unit MidAmerican Energy and Alliant Energy (LNT), were also covered under an extreme heat warning watch.A large part of Wisconsin, except for Rice Lake, Eau Claire, Rhinelander, Park Falls, and Hayward, were also placed under a similar warning. WEC Energy Group's (WEC) Wisconsin Public Service, Xcel Energy, and Alliant Energy are among the major service providers in Wisconsin.Affected areas in Missouri include Rockport, Grant City, Maryville, Bethany Trenton, Kirksville, St. Joseph, Plattsburg, Chillicothe, Carrollton, Moberly, Macon, Boonville, Sedalia, Clinton, Buttler, Harrisonville, Warrensburg, Kansas City, Columbia, Jefferson City, Centerville, Poplar Bluff, Sikeston, Cape Girardeau, and St. Louis. Evergy (EVRG), Ameren's Missouri unit, and Algonquin Power & Utilities (AQN) subsidiary Liberty are the major service providers in Missouri.In Kansas, where Evergy is among the major service providers, an extreme heat warning was issued for Topeka, Ottawa, Paola, Iola, Olathe, Leavenworth, Atchison, Concordia, Manhattan, and Emporia.An extreme heat warning was also raised for Michigan's Ludington, Holland, Pentwater, Kalamazoo, Big Rapids, Clare, Mount Pleasant, Muskegon, Alma, Ionia, Grand Rapids, Flint, Hastings, South Haven, Lansing, Jackson, Benton Harbour, Cold Water, Ann Harbour, Bad Axe, Saginaw, Detroit, and Port Huron. CMS Energy (CMS) unit Consumers Energy, and DTE Energy (DTE) are among the major service providers in these places.An extreme heat warning was also raised for a majority of New Jersey, Connecticut, Massachussets and Tennessee, large parts of West Virginia and Pennsylvania, and portions of New York.Meanwhile, flood warning were issued for parts of Montana, Illinois, Kansas, Louisiana, Oklahoma, Arkansas, and Mississippi.
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Commodities
NWS Warns of Severe Weather, Floods in Central US; Dangerous Heat in Southern, Western US
The US National Weather Service on Wednesday said parts of central US are expected to experience multiple rounds of thunderstorms, with risks of persistent severe weather and flooding threats over the next two days.Dangerous heat is forecast in southern and western US through mid-week, while fire weather concerns are likely in the Intermountain West due to hot and dry conditions and dry thunderstorms, the agency said.The NWS early Wednesday issued a red flag warning for Colorado's Leadville, Buena Vista, Saguache, Salida, Alamosa, San Luis, and Fairplay. A severe thunder storm warning was raised for Limon, Colorado Springs, and areas near Trinidad, La Junta, and Pueblo. Pueblo and Colorado Springs were also placed under a flash flood warning watch, along with areas near La Veta Pass and Trinidad. Trinidad was also listed under a tornado warning alert.Xcel Energy (XEL) and Black Hills (BKH) unit Black Hills Energy are the primary electricity service providers in Colorado.In California, a red flag warning was raised for Baker, Barstow, Victorville, Twenty-Nine Palms, and areas near Wrighthood and Big Bear Lake, while an extreme heat warning was issued for Borrego Springs, Julian, Mount Laguna, Blythe and El Centro Imperial. These places are primarily served by Edison International's (EIX) Southern California Edison and Sempra Energy (SRE) unit San Diego Gas & Electric.An extreme heat warning was issued for Arizona's Parker, Yuma, Phoenix, Globe, Tucson, Nogales, San Carlos, Safford, Oracle, Oro Valley, Benson, Green Valley, Sierra Vista, Bisbee, and Wickenburg. Pinnacle West Capital (PNW) unit Arizona Public Service Company, and UNS Energy subsidiaries Unisource and Tucson Electric Power are the major electric utility providers in Arizona.The NWS issued a flood warning for Louisiana's Lake Charles, Jennings, Oberlin, Glenmora, Markleeville, Ville Platte, Opelousas, and areas bordering Mississippi and Arkansas. Entergy's (ETR) Louisiana unit, American Electric Power's (AEP) Southwestern Electric Power Company, and Cleco are among the major service providers in Louisiana.In Texas, a similar warning was raised for George West, Beaumont, Bryan, and Lufkin. These places are majorly served by the Texas units of American Electric Power and Entergy, and Centrepoint Energy (CNP).Affected areas in Illinois include Olney, Champaign, Decatur, Peru, Peoria, Pekin, Havana, Canton, Macomb, Jacksonville, Ottawa, and areas bordering Indiana and Missouri. Ameren's (AEE) Illinois unit and Exelon (EXC) subsidiary ComEd are among the major service providers in Illinois.Mississippi's Hattiesburg, Gulfport, Vicksburg, Brookhaven, Jackson, and areas near Meridian, primarily served by Southern Company (SO) unit Mississippi Power, were also placed under a flood warning watch.The NWS also issued flood warnings for Pensacola and DeFuniak Springs in Florida, where NextEra Energy (NEE) unit Florida Power & Light Company is the primary service provider; and Demopolis and Monroeville in Alabama, primarily served by Southern Company unit Alabama Power.Flood warnings were also issued for parts of Washington, Indiana, Arkansas, Kansas, Nebraska, Iowa, and Oklahoma.
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Commodities
NWS Forecasts Thunderstorms in Central, Southern Plains, Mid-Atlantic; Hazardous Heat in South, West US
The US National Weather Service said there was a possibility of severe thunderstorms in the Mid-Atlantic through Tuesday, while the central/southern Plains were likely to experience severe thunderstorms and heavy rain on Tuesday and Wednesday.Hazardous heat is likely to persist across the southern US and spread across the West through the middle of the week, while elevated to critical fire weather conditions are expected in the Four Corners region due to hot and dry weather, the agency said.The NWS issued a red flag warning early Monday for Utah's Richfield, Delta, Milford, St. George, Zion National Park, Zion National Park, Escalante, Bryce Canyon National Park, Capitol Reef National Park, Green River, Moab, Monticello, Blanding, Bluff and Cedar City. These places are primarily served by PacifiCorp's Rocky Mountain Power.In Colorado, a similar warning was raised for Craig, Meeker, Steamboat Springs, Kremmling, Grand Junction, Aspen, Buena Vista, Rifle, Vail, Montrose, Nucla, Gunnison, Lake City, Telluride, Alamosa, Pagosa Springs, Durango, Cortez, Salida, South Fork, Creede, Wolf Creek Pass, Saguache, San Luis, Leadville, Canon City, Granby, Georgetown, and Fairplay. Xcel Energy (XEL) and Black Hills (BKH) unit Black Hills Energy are the primary service providers in the state.Affected areas in Oregon included The Dalles, Maupin, Madras, Fossil, Condon, Hermiston, and Pendleton, primarily served by PacifiCorp's Pacific Power.The NWS an extreme heat warning for Arizona's Parker, Yuma, Tucson, Globe, Phoenix, Wickenburg, Nogales, San Carlos, Oracle, Oro Valley, Benson, Green Valley, Sierra Vista, Safford, and Grand Canyon Village. Pinnacle West Capital (PNW) unit Arizona Public Service Company, and UNS Energy (UNS) subsidiaries Unisource and Tucson Electric Power are the major electric utility providers in Arizona.An extreme heat warning was also raised for California's El Centro Imperial, and Blythe, primarily served by Edison International's (EIX) Southern California Edison.The NWS issued a flash flood warning for Louisiana's Monroe and areas near Shreveport, while a flood warning was raised for Lake Charles, Jennings, Oberlin, Glenmora, Marksville, Opelousas, and areas bordering Mississippi and Arkansas. Entergy's (ETR) Louisiana unit, American Electric Power's (AEP) Southwestern Electric Power Company, and Cleco are among the major service providers in Louisiana.In Texas, a flood warning was issued for George West, Beaumont, Bryan, and Lufkin. These places are majorly served by the Texas units of American Electric Power and Entergy, and Centrepoint Energy (CNP).Mississippi's Hattiesburg, Gulfport, Vicksburg, Brookhaven, Laurel, Meridian, and Jackson, primarily served by Southern Co. (SO) unit Mississippi Power, were also placed under a flood warning watch.Affected areas in Kansas, where Evergy (EVRG) is among the major service providers include, Wellington, Arkansas City, Hutchinson, Wichita, Iola, and Coffeyville.The NWS also issued flood warnings for Pensacola and DeFuniak Springs in Florida, where NextEra Energy (NEE) unit Florida Power & Light is the primary service provider; and Demopolis, Monroeville, and Huntsville in Alabama, primarily served by Southern Company unit Alabama Power.In Illinois, a flood warning was raised for Princeton, Peoria, Galesburg, Macomb, Canton, Decatur, Champaign, Havana, Jacksonville, Olney, and areas bordering Missouri and Indiana. Ameren's (AEE) Illinois unit and Exelon (EXC) subsidiary Commonwealth Edison are among the major service providers in Illinois.The NWS also issued flash flood warnings for areas near Beckley and Charleston in West Virginia and small pockets of New Jersey and New York.Flood warnings were also raised for certain pockets of Indiana, Oklahoma, Iowa, Missouri, Arkansas, Washington, West Virginia and Massachusetts.
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Commodities
NWS Warns of Severe Thunderstorms from Central Plains to Northeast US
The US National Weather Service said the central Plains to the Mid-Atlantic and Northeast US is likely to experience severe thunderstorms on Monday.Meanwhile, hazardous heat is forecast across the southern US, which is expected to extend into the West through mid-week. Interior Alaska and the Four Corners region are expected to encounter fire weather conditions, the agency said.The NWS issued a red flag warning early Monday for Colorado's Aspen, Buena Vista, Gunnison, Montrose, Nucla, Telluride, Lake City, Cortez, Durango, Alamosa, Pagosa Springs, and Grand Junction. Xcel Energy (XEL) and Black Hills (BKH) unit Black Hills Energy are the primary service providers in the state.A similar wasring was raised for Idaho's Arco, Shoshone, Twin Falls, Burley, Hailey and Pocatello, where Idacorp's (IDA) Idaho Power is the major service provider.An extreme heat warning was issued for Arizona's Grand Canyon Village, primarily served by Pinnacle West Capital's (PNW) unit Arizona Public Service Company.In Oklahoma, the NWS issued a tornado warning for Stillwater, while a severe thunderstorm warning was raised for Ponca City, Enid, Oklahoma City, Chickasha, Hobart, Clinton, and Beaver. Meanwhile, a flood warning was issued for Grove. OGE Energy (OGE) unit Oklahoma Gas & Electric and American Electric Power (AEP) subsidiary Public Service Co. of Oklahoma are the major electric utility service providers in the state.Also placed under a flood warning were Arkansas City, Iola, Fredonia, Coffeyville, Kingman, Anthony, Wellington, Oberlin, Colby, and Oakley in Kansas. Evergy (EVRG) is among the major electricity providers in Kansas.Affected areas in Texas included Beaumont, Lufkin, Bryan, George West, Centerville, Orange, Kirbyville, and Hearne. These places are majorly served by the Texas units of American Electric Power and Entergy (ETR), and Centrepoint Energy (CNP).Also placed under a flood warning watch were Louisiana's Lake Charles, De Quincy, Jennings, Oberlin, Glenmora, Marksville, Opelousas, and areas bordering Mississippi. Entergy's Louisiana unit, American Electric Power's Southwestern Electric Power Company, and Cleco are among the major service providers in Louisiana.Mississippi's Hattiesburg, Gulfport, Vicksburg, Brookhaven, Laurel, Meridian, and Jackson, primarily served by Southern Company (SO) unit Mississippi Power, were also listed under a flood warning watch.The NWS also issued flood warnings for Pensacola and DeFuniak Springs in Florida, where NextEra Energy (NEE) unit Florida Power & Light Company is the primary service provider; and Demopolis, Monroeville, Brewton and Mobile in Alabama, primarily served by Southern Company unit Alabama Power.In Illinois, a flood warning was raised for Ottawa, Peru, Peoria, Canton, Galesburg, Havana, Macomb, Jacksonville, Champaign, Decatur, Pekin, Olney, and Effingham, while small pockets were covered under a flash flood warning watch. Ameren's Illinois unit and Exelon (EXC) subsidiary ComEd are among the major service providers in Illinois.Indiana's Vincennes, Crawfordsville, Terre Haute, Gary, and Greensburg were also covered under a flood warning, while Jasper, Petersburg, and parts of Vincennes were placed under a flash flood warning watch. Duke Energy (DUK), the Indiana unit of AES (AES), and CenterPoint Energy are among the major electricity providers in these places.In Kentucky, a flash flood warning was raised for Owensboro and areas near Elizabethtown, while a flood warning was issued for Louisville. Parts of Elizabethtown was also covered under a severe thunderstorm warning watch.The NWS also issued flood warnings for certain pockets of Washington, Missouri, and Iowa.
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Commodities
US DOE Extends Life of Coal Units at 2 Indiana Power Plants Until Sept. 19
US Energy Secretary Chris Wright on Thursday extended an emergency order issued to prolong the life of several generation units at two Indiana coal-fired power plants that were due to shut down in late 2025, the US Department of Energy said in a statement.The order directs NiSource (Ni) subsidiary Northern Indiana Public Service Company, CenterPoint Energy (CNP), and the regional transmission organization Midcontinent Independent System Operator to ensure that designated power-generation units at Indiana's R M Schahfer and F B Culley plants remain available for operation.The R M Schahfer plant is owned by NIPSCO, while CenterPoint Energy owns the F B Culley facility.Since the DOE first issued the emergency order on Dec. 23 last year, "the coal plants have proven critical to MISO's operations, operating during periods of high energy demand and low levels of intermittent energy production, including during Winter Storm Fern," the statement said.The decision was made to ensure access to affordable, reliable, and secure electricity in the Midwest, especially during peak summer demand, the statement said.The orders are effective from June 22 through Sept. 19.Price: $42.82, Change: $+0.19, Percent Change: +0.45%
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Commodities
NWS Warns of Potentially Catastrophic Flash Flooding Along Central Gulf Coast
The US National Weather Service on Thursday said the remnants of Tropical Storm Arthur could cause life-threatening, potentially catastrophic flash flooding as it passes through the central Gulf coast.The western parts of the US are likely to experience isolated, scattered dry thunderstorms, with the potential to cause lightning-ignited fires amid the presence of gusty winds on Friday.The NWS issued a red flag warning early Friday for Utah's Nephi, Delta, Manti, Wendower, Milford, Cedar City, and St. George, primarily served by PacifiCorp subsidiary Rocky Mountain Power.A similar warning was raised for Idaho's Caldwell and Twinfalls, where Idacorp's (IDA) Idaho Power is the major service provider.Affected areas in Oregon included Chemult, Crater Lake, Silver Lake, Paisley, Chiloquin, Bly, Klamath Falls, Lakeview, Adel, Burns, Ashland, Cave Junction, and Jordan Valley. These areas are primarily served by PacifiCorp's Pacific Power and Idaho Power.A red flag warning was raised late Thursday for the entirety of Nevada, which primarily falls under the service area of Berkshire Hathaway Energy unit NV Energy.Also covered under a similar warning were Arizona's Kingman, Bullhead City, Lake Havasu City, and areas near Grand Canyon Village. These places are primarily served by UNS Energy unit UniSource Energy Services and Pinnacle West Capital's (PNW) unit Arizona Public Service CompanyCalifornia's Yreka, Mount Shasta, Redding, Susanville, Bieber, Cedarville, Willow Creek, Gasquet, Markleeville and Bridgeport were also placed under a similar warning. Pacific Power, Algonquin Power & Utilities subsidiary Liberty, and PG&E (PCG) unit Pacific Gas and Electric Company are among the major electric utility service providers in these places.In Texas, an extreme heat warning was raised for Zapata, Hebbronville, Falfurrias, Sarita, Rio Grande City, Raymondville, McAllen, Harlingen, Port Mansfield, Weslaco, Brownsville, and South Padre Island. Meanwhile, a flood warning was raised for Beaumont, Orange, Lufkin, and George West. These places are majorly served by the Texas units of American Electric Power (AEP) and Entergy (ETR), and Centrepoint Energy (CNP).A flood warning was also issued for Louisiana's Jennings, De Quincy, Lake Charles, Oberlin, Glenmora, Oberlin, Marksville, Lake Charles, Baton Rogue, Hammond, and De Ridder. Entergy's Louisiana unit, American Electric Power's Southwestern Electric Power Company, and Cleco are among the major service providers in Louisiana.Mississippi's Hattiesburg, Gulfport, Brookhaven, Laurel, Meridian, and Jackson, primarily served by Southern Company (SO) unit Mississippi Power, were also listed under a flood warning watch. Laurel was also under a flash flood warning.A flood warning was raised for Pensacola and DeFuniak Springs in Florida, where NextEra Energy (NEE) unit Florida Power & Light Company is the primary service provider.Alabama's Demopolis, Monroeville, Brewton and Mobile were covered under a flood warning, while a flash flood warning was raised for areas near Monroeville. The state is primarily served by primarily served by Southern Company unit Alabama Power.A flash flood warning was also issued for Columbus in Georgia, where Southern Company subsidiary Georgia Power is the major service provider.In Illinois, the NWS issued a flood warning for Peru, Peoria, Macomb, Canton, Havana, Jacksonville, Champaign, Decatur, Pekin, and Carbondale. Ameren's Illinois unit and Exelon (EXC) subsidiary ComEd are among the major service providers in Illinois.Indiana's Vincennes, Lafayette, Terre Haute, and Seymour were also covered under a flood warning. Duke Energy (DUK), the Indiana unit of AES (AES), and CenterPoint Energy are among the major electricity providers in these places.The NWS also issued flood warnings pockets of Missouri, Washington, Ohio, and West Virginia.
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Wire
Jefferies Adjusts Price Target on CenterPoint Energy to $50 From $48
CenterPoint Energy (CNP) has an average rating of overweight and mean price target of $46.20, according to analysts polled by FactSet.Price: $43.32, Change: $+0.69, Percent Change: +1.62%
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Commodities
NWS Warns of severe thunderstorms in Illinois, Indiana, Storm Impact in Texas, Louisiana, Mississippi
The US National Weather Service on Thursday said portions of Illinois and Indiana are expected to experience severe thunderstorms, with potential for intense tornadoes, damaging gusts, and hail.Meanwhile, strong winds are likely across coastal Upper Texas and Louisiana, while the region stretching from southern Louisiana into Mississippi is likely to encounter potentially life-threatening flooding due to Tropical Storm Arthur.The NWS issued a red flag warning warly Thursday for Colorado's Leadville, Buena Vista and Salida. Xcel Energy (XEL) and Black Hills (BKH) unit Black Hills Energy are the primary service providers in the state.A red flag warning was also raised for Nevada's Reno and Carson City, served by Berkshire Hathaway Energy unit NV Energy; and California's Bridgeport, Markleeville, and areas near Portola, where Algonquin Power & Utilities subsidiary Liberty and Edison International's Southern California Edison are the main service providers.An extreme heat warning was raised for Grand Canyon Village in Arizona, where Pinnacle West Capital (PNW) unit Arizona Public Service Company is the primary service provider.In Texas, an extreme heat warning was issued for Brownsville, Weslaco, McAllen, Raymondville, Rio Grande City, Zapata, Falfurrias, Sarita, Hebbronville, Laredo, Freer, Alice, Corpus Christi, Cotulla, Carrizo Springs, Eagle Pass, Pearsall, Hondo, Uvalde, Karnes City, San Antonio, Victoria, Cuero, Gonzales, New Braulfels, LA Grange, Bastrop, Austin, Georgetown,Marathon, Presidio, Fort Stockton, Big Spring, Midland, San Angelo, and Big Lake. Meanwhile, a flood warning was raised for Corpus Christi, Beaumont, Kountze, Kirbyville, Lufkin, Galveston, and Orange.The Texas units of American Electric Power (AEP) and Entergy (ETR), Centrepoint Energy (CNP), and Sempra unit (SRE) Oncor are among the major service providers in these places.A flood warning was raised for Louisiana's Abbeyville, Lafayette, Cameron, Baton Rouge, Jennings, De Quincy, Lake Charles, Oberlin, Glenmora, and Hammond. Houma, New Orleans and Morgan Town were placed under a severe thunderstorm and tornado warning, while areas near New Iberia were covered by a tornado warning.Entergy's Louisiana unit, American Electric Power's Southwestern Electric Power Company, and Cleco are among the major service providers in Louisiana.Mississippi's McComb, Hattiesburg, Gulfport, Laurel and Meridian, primarily served by Southern Company (SO) unit Mississippi Power, were also covered under a flood warning watch.A flood warning was also raised for Mobile in Alabama, primarily served by Southern Company unit Alabama Power; and Pensacoula and De Funiak Springs in Florida, where NextEra Energy (NEE) unit Florida Power & Light Company is the primary service provider.The NWS issued a flash flood warning for Utah's Cincinnati and Wilmington.In Indiana, a flash flood warning was raised for Greensburg, and areas near Jasper and Vincennes, while a flood warning was issued for Terre Haute, Indianapolis, Seymour, and Crawfordsville. A tornado warning was issued for Madison and neigbouring areas in Kentucky state. Duke Energy (DUK), the Indiana unit of AES (AES), and CenterPoint Energy are among the major electricity providers in these places.The NWS also issued flood warnings for parts of Illinois, Washington, Missouri, and Iowa.
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Commodities
NWS Warns of Potential Tropical Storm Development off Northwestern Gulf Coast
The US National Weather Service said a potential tropical cyclone is expected to gather strength and develop into tropical storm Arthur off the northwestern Gulf coast through Wednesday.A severe weather outbreak is likely in the Midwest on Wednesday, while parts of northwestern Gulf Coast, lower Mississippi River Valley, and Deep South are expected to face considerable local flash flooding through Thursday due to excessive rainfall.The NWS early Wednesday issued a red flag warning for New Mexico's Farmington, Chama, Gallup, Santa Fe, Moriarty, Santa Rosa, Socorro, Ruidoso, Los Alamos, and Albuquerque. Meanwhile, an extreme heat warning was raised for Roswell. TXNM Energy (TXNM) unit Public Service Co. of New Mexico and Xcel Energy (XEL) are among the primary electricity suppliers in the state.A red flag warning was issued for Idaho's Mountain Home, Twin Falls, Shoshone, Burley, Malad City, Preston, Montpelier, Arco, Mackay, Dubois, Rexburg, Rigby, Idaho Falls, Driggs, Blackfoot, Palisades, Pocatello, Soda Springs, and Island Park. PacifiCorp unit Rocky Mountain Power and Idacorp's (IDA) Idaho Power are among the major service providers in these places.Also covered under a red flag warning watch were Wyoming's Wright, Glenrock, Bill, Lusk, Lance Creek, Glendo, Douglas, Torrington, Wheatland, Chugwater, Cheyenne, and Newcastle. These areas primarily fall under the service area of Rocky Mountain Power.A similar warning was also issued for Utah's Provo, Vernal, Duchesne, Price, Manti, Richfield, Delta, Milford, St. George, Zion National Park, Escalante, Bryce Canyon National Park, Capitol Reef National Park, Green River, Moab, Monticello, Blanding, Bluff and Cedar City. These places are also primarily served by Rocky Mountain Power.Affected areas in Colorado included Craig, Rangely, Meeker, Steamboat Springs, Kremmling, Rifle, Vail, Grand Junction, Aspen, Buena Vista, Montrose, Nucla, Gunnison, Lake City, Telluride, Alamosa, Pagosa Springs, Durango, Cortez, Salida, South Fork, Creede, Wolf Creek Pass, Saguache, San Luis, Trinidad, Leadville, Woodland Park, Canon City, Pikes Peak, Georgetown, Boulder, Granby, Colorado Springs, and Fort Collins. Xcel Energy and Black Hills (BKH) unit Black Hills Energy are the primary service providers in the state.In Nebraska, areas placed under a warning for fire weather conditions included Harrison, Chadron, Scottsbluff, Bridgeport, Alliance, Harrisburg, Kimball, Sidney, Rushville, Oshkosh, Arthur, Hyannis, Chappell, Ogallala, Grant, Imperial, Valentine, Mullen, Thedford, Tryon, Stapleton, North Platte, Stockville, Broken Bow, Burwell, Brewster, Ainsworth, Springview, Butte, and ONeill. A major part of the state is covered under the service area of regional transmission organization Southwest Power Pool, with Midcontinent ISO also serving some areas.The NWS also issued red flag warnings for Washington's Ellensburg and Yakima; and Oregon's Prineville, Bend, Madras, Redmond, and areas near Silver Lake. Pacific Power subsidiary Pacific Power is among the major service providers for affected areas in both the states.South Dakota's Custer, Hermosa, Hot Springs, Edgemont, Kadoka, Pine Ridge, Martin, and Wall, primarily served by Black Hills Energy, were also placed under a red flag warning watch.The NWS issued an extreme heat warning for Grand Canyon Village in Arizona, where Pinnacle West Capital (PNW) unit Arizona Public Service Company is the primary service provider.In Texas, an extreme heat warning was issued for Eagle Pass, Uvalde, San Antonio, Pleasanton, Hallettsville, Carrizo Springs, Pearsall, Karnes City, Cuero, Gonzales, La Grange, Bastrop, Austin, and Georgetown. A flood warning was raised for Laredo, Corpus Christi, Rockport, Refugio, Victoria, Bay City, Lufkin, Kountze, Orange, and Beaumont. Meanwhile, Galveston was covered under a tropical storm warning watch. The Texas units of American Electric Power (AEP) and Entergy (ETR), Centrepoint Energy (CNP), and Sempra unit (SRE) Oncor are among the major service providers in these places.In Louisiana, Cameron, Abbeyville, New Iberia, and Morgan City were covered under a tropical storm warning watch. Meanwhile, a flood warning was issued for Jennings, De Quincy, Lafayette, Baton Rouge, Oberlin, Glenmora, Crowley, De Ridder, Hammond, and Alexandria. Entergy's Louisiana unit, AEP's Southwestern Electric Power Company, and Cleco are among the major service providers in Louisiana.Mississippi's McComb and Hattiesburg, primarily served by Southern Company (SO) unit Mississippi Power were also covered under a flood warning watch.The NWS also issued flood warnings for certain pockets of Missouri, Illinois, Indiana, Iowa, and Washington.
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Commodities
NWS Warns of Heavy Rainfall Across South Texas, Western Gulf Coast, Lower Mississippi River Valley
The US National Weather Service said parts of South Texas, the western Gulf Coast, and Lower Mississippi River Valley are expected to experience excessive rainfall through Thursday, with risks of considerable local flash flooding.Meanwhile, the region stretching from central and northern California and the Pacific Northwest is likely to encounter hot temperatures.The NWS early Tuesday issued a red flag warning for Utah's Vernal, Duchesne, Price, Delta, Manti, Richfield, Delta, Milford, St. George, Zion National Park, Escalante, Bryce Canyon National Park, Capitol Reef National Park, Green River, Moab, Monticello, Blanding, and Bluff. These places primarily fall under the service area of PacifiCorp's Rocky Mountain Power.A similar warning was raised for New Mexico's Farmington, Chama, Gallup, and Santa Fe. TXNM Energy (TXNM) unit Public Service Co. of New Mexico and Xcel Energy (XEL) are among the primary electricity suppliers in the state.Affected areas in Colorado included Craig, Rangely, Meeker, Rifle, Vail, Grand Junction, Aspen, Buena Vista, Montrose, Nucla, Gunnison, Lake, Telluride, Alamosa, Durango, Cortez, Saguache, Canon City, San Luis, Salida, South Fork, Creede, Wolf Creek Pass, and Leadville. The state is primarily served by Xcel Energy and Black Hills (BKH) unit Black Hills Energy.Also covered under a red flag warning watch were Wyoming's Glenrock, Bill, Lusk, Lance Creek, Glendo, Douglas, Torrington, Wheatland, Chugwater, and Cheyenne. These areas primarily fall under the service area of PacifiCorp's Rocky Mountain Power.In Nebraska, areas placed under a warning for fire weather conditions included Harrison, Chadron, Scottsbluff, Bridgeport, Alliance, Harrisburg, Kimball, Sidney, Rushville, Oshkosh, Arthur, Hyannis, Chappell, and Ogallala. A majority of Nebraska is covered under the service area of regional transmission organization Southwest Power Pool, with Midcontinent ISO also serving some areas.A red flag warning was issued for Idaho's Mountain Home, Twin Falls, Shoshone, Burley, Malad City, Preston, Montpelier, Arco, Mackay, Dubois, Rexburg, Rigby, Idaho Falls, Driggs, Blackfoot, Palisades, Pocatello, Soda Springs, and Island Park. Rocky Mountain Power and Idacorp's (IDA) Idaho Power are among the major service providers in these places.Maupin, Condon, Fossil, Hermiston, Pendleton, The Dalles, primarily served by PacifiCorp's Pacific Power, were the affected areas in Oregon.In Washington, a red flag warning was raised for Goldendale, Sunnyside, Yakima, Walla Walla, Pasco, Connell, Moses Lake, Ellensburg, Wenatchee, Winthrop, Chela, Omak, Coulee Dam, Spokane, Rosalia, Ritzville, and Pullman. Meanwhile, a flood warning was raised for areas near Winthrop. Puget Sound Energy, Pacific Power, and Avista (AVA) unit Avista Utilities are among the primary electricity service providers in the state.The NWS issued an extreme heat warning for California's Shasta Dam, Redding, Red Bluff, Corning, Paradise, Oroville, and Quincy, primarily served by PG&E (PCG) unit Pacific Gas and Electric Company. A similar warning was raised for Grand Canyon Village in Arizona, where Pinnacle West Capital (PNW) unit Arizona Public Service Company is the primary service provider.In Missouri, the NWS raised a flood warning for Nevada, Joplin, Osage Beach, Lebanon, Springfield, Camdenton, Boonville, Columbia, Chillicothe, Carrollton, St. Louis, Washington, and Jefferson City. Evergy (EVRG), Ameren's (AEE) Missouri unit, and Algonquin Power & Utilities (AQN) subsidiary Liberty are the major service providers in Missouri.Also covered under a flood warning watch were Princeton, Peoria, Pekin, Canton, Havana, Jacksonville, Champaign, Decatur, Chester, and areas near Quincy. Ameren's Illinois unit and Exelon (EXC) subsidiary ComEd are among the major service providers in Illinois.In Texas, the NWS issued a flood warning for Laredo, Corpus Christi, Victoria, Refugio, Bay City, San Antonio, Bryan, and Beaumont. The Texas units of American Electric Power (AEP) and Entergy (ETR) and Centrepoint Energy (CNP) are among the major service providers in these places.A similar warning was issued for areas near Coffeyville and Iola in Kansas, where Evergy is among the major service providers.The NWS also issued flood warning for certain pockets of Louisiana and Iowa.
$AEE$AEP$AQN$AVA$BKH$CNP$ETR$EVRG$EXC$IDA$PCG$TXNM$XEL
Commodities
NWS Warns of Thunderstorms, Flash Floods in Southern New Mexico, Western & Northern Gulf Coast
The US National Weather Service said part of the region stretching from southern New Mexico into the western and northern Gulf Coast is expected to experience flash flooding into Wednesday due to excessive rainfall from heavy thunderstorms.The NWS issued a red flag warning for Colorado's Vail, Aspen, Rifle, Grand Junction, Montrose, and Nucla. The state is primarily served by Xcel Energy (XEL) and Black Hills (BKH) unit Black Hills Energy.In Nebraska, a similar warning was raised for Harrison, Chadron, Scottsbluff, Bridgeport, Alliance, Harrisburg, Kimball, Sidney, Rushville, Oshkosh, Arthur, Hyannis, Chappell, and Ogallala. A major part of the state falls under the service area of regional transmission organization Southwest Power Pool, with Midcontinent ISO also serving some areas.Affected areas in Wyoming included Glenrock, Bill, Lusk, Lance Creek, Glendo, Douglas, Torrington, Wheatland, Chugwater, and Newcastle. These areas primarily fall under the service area of PacifiCorp's Rocky Mountain Power.Also covered under a red flag warning were South Dakota's Edgemont, Hot Springs, Pine Ridge, Kadoka, Martin, Custer, and Wall, primarily served by Black Hills Energy.California's Shasta Dam, Redding, Red Bluff, Corning, Paradise, Oroville, Marysville, Paradise, and Quincy, primarily served by PG&E (PCG) unit Pacific Gas and Electric Company, were also placed under a red flag warning watch.Meanwhile, an extreme heat warning was raised for Oregon's Portland, Oregon City, Corbett, and Hillsboro, primarily served by Portland General Electric and PacifiCorp unit Pacific Power; and Washington's Vancouver, also served by Pacific Power.The NWS issued a flood warning for Missouri's Nevada, Joplin, Osage Beach, Lebanon, Springfield, Jefferson City, Camdenton, Rolla, St Joseph, Boonville, Columbia, Chillicothe, Carrollton, Moberly, Washington, and areas near Mexico. Evergy (EVRG), Ameren's (AEE) Missouri unit, and Algonquin Power & Utilities (AQN) subsidiary Liberty are the major service providers in Missouri.A similar warning was issued for areas near Coffeyville and Iola in Kansas, where Evergy is among the major service providers.Areas covered under a flood warning watch in Illinois included Peru, Peoria, Pekin, Canton, Havana, Quincy, Jacksonville, Champaign, Decatur, and Carbondale. Ameren's Illinois unit and Exelon (EXC) subsidiary ComEd are among the major service providers in the state.In Texas, the NWS issued a flash flood warning for Rocksprings, Junction, Fredericksburg, Burnet, Georgetown, San Antonio, Hondo, and Cameron, while parts of Cameron and Denton were covered under a flood warning watch. Sempra (SRE) unit Oncor, and Centrepoint Energy (CNP) are among the major service providers in these places.A flash flood warning was raised for Rutland in Vermont, primarily served by Energir unit Green Mountain Power.The NWS also issued flood warnings for certain pockets of Washington, Oklahoma, Louisiana, Iowa, and Indiana.
$AEE$AQN$BKH$CNP$EVRG$EXC$PCG$SRE$XEL
Commodities
Emergency Coal Plant Orders Generate Over $300 Million in Costs, Limited Benefits, IEEFA Says
Coal plant emergency orders have cost US utilities over $300 million so far while delivering limited operational benefits, according to an analysis by the Institute for Energy Economics and Financial Analysis on Wednesday.The analysis found that those costs have risen over the past year under the administration's effort to prevent coal plant closures and are increasing by over $30 million per month.The Department of Energy has issued over 20 emergency orders under Section 202(c) of the Federal Power Act, a provision intended for events such as wars or energy shortages, the analysis added.Energy Secretary Chris Wright has used the 90-day directives largely to keep aging and often uneconomic coal units available, even as utilities, regulators and grid operators dispute the existence of power emergencies.Utilities typically retire plants through long-term planning designed to reduce costs and shift generation toward more efficient and reliable resources, the analysis said.DOE emergency orders have forced utilities to spend heavily on repairs to aging coal plants that were already scheduled to close, resulting in high costs for ratepayers while delivering little improvement in reliability or long-term benefits.Consumers Energy's 1,331-megawatt J.H. Campbell facility in Michigan has generated the largest expense, costing at least $185 million through March and potentially another $90 million by Aug. 16.Plant owners continue to incur maintenance, fuel storage, pollution-control, staffing, tax and compliance expenses even when many of the affected units rarely produce electricity, according to IEEFA.TransAlta reported $19.9 million in fixed costs during the first three-month order covering its Centralia facility, while the analysis estimated those costs reached $33.1 million through mid-May.Centralia appears to have remained idle since December. TransAlta initially estimated generation costs at $83.44 per megawatt-hour and later at $113.49/MWh, well above the Northwest wholesale average of $27.60/MWh, IEEFA added.CenterPoint Energy (CNP) told the Department of Energy that the 90 MW F.B. Culley Unit 2 operated fully for only five of its first 48 days under an emergency order and still required $16.5 million to $20.5 million in repairs, IEEFA said.As of June 5, the Department of Energy had issued 22 emergency orders covering eight power plants and 12 generating units, including Stanton Unit 1 in Florida, a 453-megawatt unit that owners planned to place into cold shutdown at the end of May.Operational issues extend across several facilities. NIPSCO's Schahfer Unit 18 and Colorado's 45-year-old Craig Unit 1 remained largely inactive despite orders requiring them to stay available, according to the analysis.Coal consumption under the orders totaled 3.03 million tons from June 2025 through March 2026, with just one plant, J.H. Campbell, accounting for 93% of that volume. The total represented just 0.86% of the 350 million tons consumed by US power plants during the same period.Price: $43.06, Change: $+0.32, Percent Change: +0.75%
$CNP
Commodities
NWS Warns of Thunderstorms in Texas, Southern Appalachians; Snowstorm to Impact Central Rockies
The US National Weather Service on Wednesday said areas across Texas to the southern Appalachians may experience severe thunderstorms, while the central Rockies may encounter a snowstorm.Thunderstorms could bring winds of hazardous speeds, hail, tornadoes and flooding to the affected areas. A snowstorm, meanwhile, could down trees, disrupt travel and result in power outages.The NWS issued a severe thunderstorm warning for Arkansas' Hot Springs and Arkadelphia. The state's main electricity providers are Entergy's (ETR) Arkansas unit and American Electric Power's (AEP) Southwestern Electric Power.The agency posted a winter storm warning for parts of Colorado, including Fort Collins, Steamboat Springs, Granby, Boulder, Georgetown, Vail, Denver, Castle Rock, Fairplay, Woodland Park, Pikes Peak, Colorado Springs, Westcliffe, La Veta Pass, and San Luis. The primary service providers in the state are Xcel Energy (XEL) and Black Hills' (BKH) Black Hills Energy.In Wyoming, where PacifiCorp's Rocky Mountain Power and Black Hills Energy are the main electric providers, cities under the same warning include Medicine Bow, Elk Mountain, Bosler, Laramie, Pine Bluffs, Cheyenne, Centennial, and Saratoga.The weather service also placed some parts of the state under a freeze warning. These cities include Cody, Greybull, Worland, Buffalo, Thermopolis, Riverton, Lander, and Casper.In Idaho, the agency posted a similar warning for Rexburg, Rigby, Arco, Idaho Falls, Blackfoot, and Pocatello, primarily served by Rocky Mountain Power and Idacorp (IDA) subsidiary Idaho Power.Colorado cities under the same warning are Craig, Meeker, Rangely, Rifle, Grand Junction, Montrose, Cortez, Durango, Pagosa Springs, Julesburg, Sterling, Greeley, Fort Morgan, Akron, Deer Trail, Limon, Colorado Springs, Canon City, Pueblo, Ordway, Eads, Lamar, La Junta, Springfield, Kim, Trinidad, and La Veta Pass.The NWS also issued a freeze warning for Utah's Logan and Duchesne, within the service zone of Rocky Mountain Power.Texas' Dalhart, mainly served by Xcel Energy, and Oklahoma's Boise City, were under the same warning.In Kansas, the agency posted a similar warning for St. Francis, Goodland, Tribune, and Ulysses. Evergy (EVRG) primarily serves the state.The weather service issued the same warning for Nebraska's Oshkosh, Arthur, Tryon, Stapleton, North Platte, Ogallala, Grant, Imperial, Stockville, and Chappell.In South Dakota, the NWS posted a freeze warning for Huron, Chamberlain, Mitchell, Brookings, and Sioux Falls, primarily served by Otter Tail's (OTTR) power unit, Xcel Energy, and NorthWestern Energy (NWE).Minnesota cities under the same warning include Fergus Falls, Brainerd, Hinckley, St. Cloud, Morris, Willmar, Marshall, and Worthington. Otter Tail Power, Allette (ALE) subsidiary Minnesota Power, Xcel Energy, and Alliant Energy (LNT) are the main electricity providers in the state.In Wisconsin, the agency posted a similar warning for Rice Lake, Eau Claire, Neillsville, Whitehall, La Crosse, Wisconsin Dells, and Marshfield. The state's primary service providers are Xcel Energy, Alliant Energy, MGE Energy's (MGEE) Madison Gas and Electric, and WEC Energy (WEC) subsidiaries, Wisconsin Public Service and We Energies.In Michigan, the weather service issued the same warning for Rogers City, Petoskey, Gaylord, Alpena, Mio, Traverse City, Houghton Lake, Cadillac, Big Rapids, Clare, and Tawas City, within the service zone of CMS Energy (CMS) subsidiary Consumers Energy.The NWS posted a flood warning for Arkansas's Searcy, Tennessee's Memphis, and areas near Washington's Winthrop, served by Puget Sound Energy.In Illinois, places close to Canton, Havana, Jacksonville, Carlinville, and Olney, primarily served by Ameren's (AEE) Illinois unit, were under the same warning.The agency issued a similar warning for some areas in Indiana, including Muncie, Seymour, and Vincennes, where Duke Energy (DUK) and CenterPoint Energy (CNP) are the main service providers.The weather service also placed Michigan's Petoskey, Wisconsin's Janesville, and Minnesota's Ely under the same warning.In Arkansas, the NWS issued a flash flood warning for Hot Springs and Little Rock.
$AEE$AEP$ALE$BKH$CMS$CNP$DUK$ETR$EVRG$IDA$LNT$MGEE$NWE$OTTR$WEC$XEL
Research
Research Alert: CFRA Keeps Buy Opinion On Shares Of Centerpoint Energy, Inc.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month target by $1 to $47, 24.1x our next-12-month EPS estimate, a premium to CNP's five-year average of 19.7x. Our 2026 EPS view is unchanged at $1.91, and we initiate our 2027 EPS view at $2.08. EPS guidance was maintained during Q1 earnings, and the $65.5B 10-year capital investment plan was reaffirmed. Notably, this was the first quarter in nearly two years without an increase to the 10-year capital plan. However, management is evaluating over $10B in incremental opportunities and expects to provide updates following a transmission planning refresh in 2H 2026. The company sees 11% or higher rate base growth potential through 2030, which we think would be among the fastest in the multi-utilities sub-industry. In the longer term, we look favorably on CNP's 7%-9% adjusted EPS CAGR target through 2035, with expectations of reaching the 8%-9% mark from 2026-2028, both of which would likely lead most peer utilities, in our view.
$CNP
Wire
Mizuho Securities Adjusts CenterPoint Energy Price Target to $45 From $44, Maintains Neutral Rating
CenterPoint Energy (CNP) has an average rating of overweight and mean price target of $46.47, according to analysts polled by FactSet.Price: $42.80, Change: $-0.38, Percent Change: -0.88%
$CNP
Commodities
CenterPoint Energy Q1 Electric Throughput Up, Gas Volumes Fall
Houston-based utility, CenterPoint Energy (CNP), saw a modest rise in Q1 electric demand, offset by declines in residential usage and natural gas volumes, the company said in a Thursday update.Total Q1 natural gas throughput for residential, commercial and industrial sectors combined was about 223 billion cubic feet, down from 248 Bcf a year earlier.Natural gas throughput in the residential sector was about 95 Bcf in Q1 2026, compared with 110 Bcf in Q1 2025.Throughput in the commercial and industrial sector was 128 Bcf, down from 138 Bcf a year ago.Total electric throughput in Q1 was 24,957 gigawatt-hours, up from 24,749 GWh a year earlier.Residential customers accounted for 6,398 GWh, down from 6,643 GWh in Q1 2025.The firm also announced over 12 gigawatts of firmly committed industrial load at Houston Electric. It increased its data center load forecast, expecting 8 GW of data center load to be energized by 2029, with 3.5 gigawatts already under construction.
$CNP
Research
Research Alert: Cnp Q1: Eps Beat Despite Interest Expense Pressure; Industrial Pipeline Surges
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:CenterPoint Energy reported Q1 2026 non-GAAP EPS of $0.56, up 5.7% Y/Y and 1.0% above consensus, led by $0.11 per share from growth and regulatory recovery, partially offset by unfavorable weather and higher interest expense. The company's debt-to-capitalization of 68.3% remains the highest among Multi-Utility peers at a 59.2% average. We like the earnings trajectory, with industrial load commitments accelerating to 12.2 GW from 7.5 GW in Q4 2025 and data center forecasts increasing to 8 GW by 2029, demonstrating strong execution on interconnection pipeline. Management reaffirmed 2026 non-GAAP EPS guidance at or above the midpoint of $1.89-$1.91, representing 8% growth. We believe the 2025-2028 CAGR of 8.7% is the highest among Multi-Utility peers. The company maintained its $65.5B 10-year capital plan through 2035 with $10B of incremental opportunities identified, while the pending Ohio gas divestiture for ~$2.6B supports portfolio optimization.
$CNP
Wire
BMO Capital Adjusts CenterPoint Energy Price Target to $47 From $46, Maintains Outperform Rating
BMO Capital Adjusts CenterPoint Energy Price Target to $47 From $46, Maintains Outperform Rating
$CNP
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