Summary of Performance Goals and Objectives under CenterPoint Energy, Inc. Short Term Incentive Plan (2005)

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This document outlines the 2005 performance goals and objectives for several officers under the CenterPoint Energy, Inc. Short Term Incentive Plan. It specifies the performance metrics and their respective weightings for each officer, including targets such as core operating income, controllable expenditures, and specific operational or departmental improvement goals. The plan determines how each officer's performance will be evaluated for incentive compensation during the year.

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EX-10.1 2 h22865exv10w1.txt SUMMARY OF PERFORMANCE GOALS AND OBJECTIVES . . . EXHIBIT 10.1 SUMMARY OF PERFORMANCE GOALS AND OBJECTIVES UNDER THE CENTERPOINT ENERGY, INC. SHORT TERM INCENTIVE PLAN 2005 PERFORMANCE GOALS
OFFICER GOALS WEIGHT - --------------------------- ------------------------------------------------------------------------------------------ -------- David M. McClanahan Core Operating Income 100% Gary L. Whitlock Core Operating Income 60% Controllable Expenditures 20% Specific Operational Improvement Goals 20% Scott E. Rozzell Core Operating Income 60% Controllable Expenditures (combined Legal, Governmental Affairs, Regulatory and Corporate Communications) 20% Specific Operational Improvement Goals 20% Thomas R. Standish Core Operating Income 30% Achievement of goals at CenterPoint Energy Houston Electric, LLC related to: 45% - Operating Income - Controllable Expenditures - Customer Satisfaction - Safety - Reliability
Achievement of CenterPoint Energy Information Technology ("IT") goals related to: 25% - Controllable Expenditures - Improving efficiency - Client Satisfaction Byron R. Kelley Core Operating Income 30% Achievement of Interstate Pipelines goals related to: 50% - Operating Income - Rates of Project Operating Income to Project Capital Expenditures - Customer Satisfaction Achievement of Pipelines Services goals related to: 4% - Operating Income - Controllable Expenditures - Pipeline Expansion Project Expenditures - Safety and Environmental Compliance Achievement of Field Services goals related to: 16% - Operating Income - Compressor Utilization - Maintenance Capital Expenditures - Growth Projects - Availability - Safety - Well Connects
James S. Brian Core Operating Income 60% Controllable Expenditures 20% Specific Operational Improvement Goals 20%