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CenterPoint Energy announces senior leadership changes

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CenterPoint Energy announces senior leadership changes

Richard C. Leger appointed to lead CenterPoint Energy Gas business on a permanent basis

Bertha Villatoro elevated to Chief Human Resources Officer;

Current CHRO Lynne Harkel-Rumford to retire

CenterPoint Energy, Inc. (NYSE: CNP) today announced several senior leadership changes which will take effect on January 1, 2025. Those changes include the appointments of Richard C. Leger as Senior Vice President of CenterPoint’s multi-state Gas business and Bertha Villatoro as Senior Vice President and Chief Human Resources Officer. Leger has served in the current lead Gas role on an interim basis since July 2024. He will report to President & Chief Executive Officer Jason Wells. Villatoro will report to Executive Vice President and General Counsel Monica Karuturi.

 

Lynne Harkel-Rumford, who currently serves as Executive Vice President and Chief Human Resources Officer and oversees all HR functions as well as Community Relations, will retire effective February 3, 2024. She will remain with CenterPoint as a senior advisor to Jason Wells until her retirement.

 

“I want to thank Lynne for her years of unwavering service during her 25-year CenterPoint career. She made real and lasting impacts for our employees, customers and communities. In addition to her contributions to the business, she’s been a passionate community advocate for hunger issues across the Greater Houston region and has worked tirelessly to support the cause,” said Wells. “We will miss Lynne’s guidance and counsel and I extend my very best wishes to her and her family in her well-deserved retirement.”

 

During her CenterPoint career, Harkel-Rumford has taken on successively larger leadership roles beyond HR. Before retirement, her span of control included Community Relations, Communications & Marketing, Facilities and Corporate Security and Safety.

 

“Richard and Bertha are two of our gifted executives who help drive our culture of innovation, continuous improvement and accountability,” said Wells. “I want to thank Richard for the determined and thoughtful leadership he’s exhibited while leading the 3,500-person Gas organization on an interim basis and his willingness to take on ever-increasing responsibilities. I also want to thank Bertha for being willing to step-up in this expanded role and take on the full leadership of our HR organization. I look forward to working with both of them for years to come.”

 

Richard C. Leger

Leger will lead on a permanent basis all areas of the company’s natural gas business that serves approximately 4.2 million customers across a six-state footprint. During his 24-year tenure with CenterPoint and its predecessor companies, Leger has held diverse utility leadership roles of increasing responsibly across the natural gas and electric operations, regulatory affairs, and business process optimization.

 

He is a board member of the American Gas Association, Southern Gas Association, United Way of Southwestern Indiana and Golf Gives Back. He is also former chair of the Southeast Energy Efficiency Alliance. Leger also served six years in the Louisiana Army National Guard. He earned two bachelor’s degrees in accounting and marketing from McNeese State University.

 

Bertha Villatoro

Villatoro has nearly 20 years of business and human resources leadership experience across the energy sector. As CenterPoint’s CHRO, she will oversee talent development, compensation and benefits, labor relations, and learning and organizational development.

 

During her career, she has served numerous roles with increasing responsibility at CenterPoint Energy, Kinder Morgan and El Paso Corporation. In her successively larger leadership roles, she has been responsible for total rewards, talent management and development, employee services, human resources IT systems, and HR compliance.

 

Villatoro received a bachelor’s degree in business administration from Texas A&M University and a master’s degree in business administration from Rice University. She is a Society for Human Resource Management-Certified Professional (SHRM-CP), a Certified Professional in Human Resources (PHR) and a Certified Compensation Professional (CCP). Bertha is currently a member of the Board of Directors for Target Hunger in Houston.

 

About CenterPoint Energy, Inc.
As the only investor-owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Indiana, Louisiana, Minnesota, Mississippi, Ohio, and Texas. As of September 30, 2024, the company owned approximately $43 billion in assets. With approximately 9,000 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.

 

Forward-Looking Statement

This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based upon assumptions of management which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. Actual events and results may differ materially from those expressed or implied by these forward-looking statements. Any statements in this news release regarding future events that are not historical facts are forward-looking statements. Each forward-looking statement contained in this news release speaks only as of the date of this release. Important factors that could cause actual results to differ materially from those indicated by the provided forward-looking information include risks and uncertainties relating to: (1) CenterPoint Energy’s business strategies and strategic initiatives; (2) financial market conditions; (3) general economic conditions; (4) the timing and impact of future regulatory and legislative decisions; and (5) other factors, risks and uncertainties discussed in CenterPoint Energy’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023 and CenterPoint’s Quarterly Report on Form 10-Q for the quarters ended March 31, 2024, June 30, 2024, and September 30, 2024 and other reports CenterPoint Energy or its subsidiaries may file from time to time with the Securities and Exchange Commission.

 

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Thunderbolts “’Twas The Friday Before Christmas” This Friday

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This Friday, December 20th will be “’Twas The Friday Before Christmas” as the Thunderbolts host the Roanoke Rail Yard Dawgs.

Santa Claus will be available in the lobby for photos with kids before the start of the game, and at the top of section 118 during the game.

The first 500 fans in the building will receive a blanket courtesy of LyondellBasell.

There also will be a cookie decorating station courtesy of Cookies by Design.

For tickets, call (812)422-BOLT (2658), go to EvansvilleThunderbolts.com, or visit the Ford Center Ticket Office.  A special holiday ticket offer is also now available, buy one get one free, for the home games this Friday, December 20th and next Saturday, December 28th, available only through Ticketmaster.  The Thunderbolts will be in Peoria to take on the Rivermen this Thursday, December 19th at 10:30 am, and after Friday’s home game will be in Knoxville this Saturday, December 21st to face the Ice Bears at 6:05pm CT.  Fans can watch the action on FloHockey with a paid subscription or listen in for free on the Thunderbolts Mixlr Channel.  There will also be an away game watch party at Parkway Pizza on Evansville’s West Side for Saturday night’s game.

EPD DAILY ACTIVITY REPORT

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EPD

EPD DAILY ACTIVITY REPORT

 

FOOTNOTE: EPD DAILY ACTIVITY REPORT information was provided by the EPD and posted by the City-County-County Observer without opinion, bias, or editing.

Attorney General Todd Rokita issues statement on Joseph Corcoran’s execution

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Attorney General Todd Rokita issues statement on
Joseph Corcoran’s execution
Attorney General Todd Rokita today issued the following statement:

“Early this morning, Indiana conducted its first execution since 2009. Joseph Corcoran’s case worked its way through our judicial system and today he finally paid his debt to society as justice was provided to his victims.

“A jury recommended and a judge imposed a sentence of death for the senseless murders of four people. My office fought to defend that sentence and state law every step of the way, and the Indiana Department of Correction carried it out professionally.”

Rodney Metcalf, Remembered as The Real Rodney Russell on WJPS Passes Away

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One of the GREAT radio personalities in Evansville’s rich history has signed off for the last time.
Rodney Metcalf….aka RRR….The Real Rodney Russell…..passed quietly in his sleep last night after a lengthy battle with cancer.
RRR’s voice was legendary, dating back to the 60’s-70’s heyday of WROZ and WJPS. His personality extended to a long run spinnin’ the hits at the old Sheraton’s Rock n Roll Heaven, The Ramada’s huge New Year’s Eve Extravaganzas and the one-of-kind BeBops in Terre Haute.
He had a shtick that appealed to every demographic and a humble everyman nature that made his Master of Ceremony skills sought after by the biggest spotlights in Evansville for several decades.
He was an icon of all that made radio the powerful medium that it was in his day.
“If you believe in forever
Then life is just a one-night stand
If there’s a rock n’ roll heaven
Well you know they’ve got a hell of a… DJ in RRR.” (I can picture St. Peter asking for an “autograph”
Eternal rest grant unto our brother, Rodney O Lord, and let perpetual light shine upon him.

Matthew Redd Update

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Matthew Redd was seriously injured in September when he was the passenger in a car driven by Clinton Keown that crashed in Illinois. He spent time in intensive care being treated for life-threatening injuries.

Matt is now home getting ready for Christmas with his family. He is still being treated as an outpatient and is getting physical therapy to help him recover from his injuries. There’s still a long road ahead.

Please keep praying for Matt, Andrea, and their boys.

Give at the Red Kettle and Have Your Gift Matched

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The Salvation Army of Evansville has announced a special local match that will multiply your gift as the annual Red Kettle campaign reaches its final stretch.

As Christmas draws closer, several individuals in the Evansville community have offered to boost every donation made over the next week. Every dollar donated through the campaign is used right here to provide food, shelter, clothing, and Christmas gifts for those in need.

In a press release, the Salvation Army of Evansville detailed an exciting new element of their Red Kettle Campaign, which will take place at all Red Kettles starting on Thursday, December 19, and running through Christmas Eve. Thanks to the combined efforts of several anonymous local donors, over $63,000 is available to be unlocked as part of their new matching challenge. All large bills ($20 and up) will be matched 5:1, turning any $20 donation into $100. Donations smaller than $20, from $10 bills down to pennies, will still be matched 1:1, doubling the impact of even the humblest of gifts.

“It’s not just about giving, but inspiring others to join the cause,” said Captain Brandon Lewis, Corps Officer & Southwest Indiana Area Coordinator for The Salvation Army. “This 5:1 match ensures generosity will be magnified throughout the year to meet need wherever it appears. Together we can make a difference, one dollar at a time!”

Expected Christmas Spending in 2024: Trends, Factors, and Projections

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Expected Christmas Spending in 2024: Trends, Factors, and Projections

As the holiday season approaches, economists and retailers alike are anticipating a significant uptick in consumer spending for Christmas 2024. Despite inflationary pressures and economic uncertainty, early data suggests that consumers remain eager to celebrate and spend on gifts, decorations, food, and travel. This year, spending trends reveal a mix of cautious budgeting and indulgent splurges as families strive to create memorable celebrations amid challenging economic conditions.

Overall Spending Outlook

According to recent forecasts from retail analysts, Christmas spending in 2024 is projected to increase by 3-5% compared to last year. The National Retail Federation (NRF) estimates that U.S. consumers alone will collectively spend over $960 billion during the holiday season. This growth, while more modest than pre-pandemic years, highlights sustained consumer enthusiasm and the importance of the holiday season for both individuals and businesses.

On average, individual households are expected to spend $1,050-$1,200 this Christmas, covering categories such as gifts, decorations, festive meals, and travel expenses. “The holiday spirit remains resilient despite ongoing financial concerns,” said NRF spokesperson Maria Delgado. “Consumers are finding ways to prioritize joy and connection during this season.”

Categories Driving Spending

Gifts and Toys: The largest portion of holiday spending, approximately 55%, will go toward gifts for family, friends, and coworkers. Popular categories this year include electronics, toys, clothing, and gift cards. With tech gadgets like smart home devices, gaming consoles, and wearables in high demand, retailers are poised to see strong sales. Toys are also expected to make a comeback, especially for younger age groups.

Holiday Travel: After several years of disrupted travel plans due to the pandemic, 2024 is shaping up to be a robust year for holiday trips. Airlines and hotels report a 7% increase in bookings for Christmas week compared to 2023. Families are opting for both domestic road trips and international getaways, with travel expenses contributing significantly to seasonal spending.

Decorations and Home Goods: Rising trends in elaborate holiday décor are driving higher spending on items like artificial Christmas trees, lights, and ornaments. Additionally, consumers are investing in home goods and table settings to host holiday dinners and gatherings, creating festive and welcoming environments.

Food and Entertaining: Spending on festive meals and entertainment is also set to rise. According to a survey conducted by Deloitte, over 70% of households plan to host holiday gatherings, pushing up demand for premium groceries, baked goods, and specialty beverages. “Consumers are willing to splurge on quality food items to make the holidays special,” said retail analyst Kevin Thompson.

The Impact of Inflation and Financial Constraints

While spending is projected to rise overall, many households are grappling with ongoing inflation, higher interest rates, and rising costs of living. A recent survey by Bankrate found that 45% of consumers plan to set strict holiday budgets and seek out discounts and promotions to avoid overspending. Retailers are responding with early sales events, Black Friday promotions, and flexible payment options, such as buy-now-pay-later (BNPL) services.

“We’re seeing a dual trend where some shoppers are looking for luxury purchases, while others are prioritizing affordability and value,” said economic expert Laura Bennett. “This combination reflects the diverse financial realities facing consumers this year.”

Online Shopping and E-Commerce Dominance

Online shopping is expected to play a dominant role again this season, accounting for over 60% of total holiday sales. Retail giants like Amazon, Walmart, and Target are preparing for a surge in online orders, while small businesses are also ramping up their digital presence. Shoppers are increasingly turning to e-commerce for its convenience, competitive pricing, and ability to compare products quickly.

Mobile commerce, in particular, is set to grow significantly, as consumers rely on their smartphones for browsing, purchasing, and tracking deliveries.

A Season of Joy and Cautious Optimism

Despite economic challenges, Christmas 2024 spending forecasts point to a season of cautious optimism. Consumers are finding ways to balance their financial concerns with the desire to create meaningful holiday experiences. Whether through thoughtful budgeting, splurging on meaningful gifts, or investing in travel and festivities, the holiday season remains a time for celebration, connection, and generosity.

Retailers, for their part, are optimistic that robust spending will help cap off a challenging economic year on a positive note. With savvy shopping strategies and a focus on value, consumers are preparing to make the most of this festive season.