Summary of Performance Goals and Objectives under CenterPoint Energy, Inc. Short Term Incentive Plan (2006)

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This document outlines the 2006 performance goals for officers participating in CenterPoint Energy, Inc.'s Short Term Incentive Plan. The plan sets specific financial and operational targets, such as operating income, for named executives. Additional goals are established for certain business units, including regulated operations and pipeline services. Achieving these goals determines eligibility for short-term incentive compensation. The agreement applies to the listed officers and is effective for the 2006 performance year.

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EX-10.1 2 h33419exv10w1.txt SUMMARY OF PERFORMANCE GOALS & OBJECTIVES - SHORT TERM INCENTIVE PLAN . . . EXHIBIT 10.1 SUMMARY OF PERFORMANCE GOALS AND OBJECTIVES UNDER THE CENTERPOINT ENERGY, INC. SHORT TERM INCENTIVE PLAN
2006 PERFORMANCE GOALS OFFICER GOALS - --------------------------- ---------------------------------------------------- David M. McClanahan Operating Income Gary L. Whitlock Operating Income Scott E. Rozzell Operating Income Thomas R. Standish Operating Income Operating Income from the Regulated Operations Group Achievement of certain financial and operational performance goals for each of the regulated units: - Houston Electric - Southern Gas Operations - Minnesota Gas Byron R. Kelley Operating Income Achievement of certain financial and operational performance goals for each of the Pipeline and Field Services units: - Interstate Pipelines - Pipeline Services - Field Services