CenterPoint Energy is a regulated utility holding company that delivers electricity and natural gas to customers across Texas, Indiana, and Minnesota. CenterPoint's electric business has two units: Houston Electric, an electricity transmission and distribution (T&D) utility serving roughly 2.9 million metered customers in the Houston/Galveston area, and Indiana Electric, a vertically integrated electric utility serving roughly 154,000 customers in southwestern Indiana. Houston Electric does not generate power — it owns and operates the wires that deliver electricity from generators to homes and businesses on behalf of retail electric providers. CenterPoint's natural gas business is a traditional local distribution company serving roughly 4 million customers; CenterPoint is selling its Ohio gas operations for ~$2.6B, and after that sale closes, Texas will represent ~70% of the gas portfolio. CenterPoint earns regulated tariff rates on its infrastructure, and earnings grow primarily through rate base expansion as CenterPoint invests capital and earns a regulated return on it. CenterPoint is targeting over 11% rate base CAGR through 2030, backed by a 10-year capital plan exceeding $65B, driven by explosive load growth in Greater Houston from data centers, advanced manufacturing, and population growth. CenterPoint uses interim capital recovery mechanisms — trackers and riders — to recover roughly 85% of capital investments between formal rate cases, minimizing regulatory lag. CenterPoint is funding this growth partly by divesting slower-growth gas assets and redeploying proceeds into Texas electric infrastructure.