Summary of Senior Executive Officer Compensation for CenterPoint Energy, Inc. (2017)

Summary

This document outlines the 2017 compensation for CenterPoint Energy, Inc.'s senior executive officers, including the CEO, CFO, and two Executive Vice Presidents. It details their annual base salaries, eligibility for annual cash bonuses under a short-term incentive plan based on performance, and participation in a long-term incentive plan that may include stock and cash awards. The Compensation Committee approved increases to certain incentive targets for the CEO and CFO, effective in 2017. Additional details are available in the company's proxy statement.

EX-10.(NN) 7 cnp_exhibit10nnx12312016.htm EXHIBIT 10.(NN) Exhibit

Exhibit 10(nn)

CenterPoint Energy, Inc.

Summary of Senior Executive Officer Compensation

The following is a summary of compensation paid to the Chief Executive Officer, Chief Financial Officer and Executive Vice Presidents identified below (to whom we collectively refer as our “senior executive officers”) of CenterPoint Energy, Inc. (the “Company”). For additional information regarding the compensation of the senior executive officers, please read the definitive proxy statement relating to the Company’s 2017 annual meeting of shareholders to be filed pursuant to Regulation 14A.

Base Salary. The following table sets forth the annual base salary of the Company’s senior executive officers effective April 1, 2017:



Name and Position	Base Salary
Scott M. Prochazka President and Chief Executive Officer	$	1,200,000
William D. Rogers Executive Vice President and Chief Financial Officer	$	570,000
Tracy B. Bridge Executive Vice President and President Electric Division	$	520,000
Joseph B. McGoldrick Executive Vice President and President Gas Division	$	490,000

Short Term Incentive Plan. Annual bonuses are paid to the Company’s senior executive officers pursuant to the Company’s short term incentive plan, which provides for cash bonuses based on the achievement of certain performance objectives approved in accordance with the terms of the plan at the commencement of the year. Information regarding awards to the Company’s senior executive officers under the short term incentive plan is provided in definitive proxy statements relating to the Company’s annual meeting of shareholders. In February 2017, the Compensation Committee of the Company approved the following:


•	Mr. Prochazka’s short-term incentive target was increased from 110% to 115%; and


•	no changes to the 75% short-term incentive target for each of Messrs. Rogers, Bridge and McGoldrick.

Long Term Incentive Plan. Under the Company’s long term incentive plan, the Company’s senior executive officers may receive grants of (i) stock option awards, (ii) stock appreciation rights, (iii) stock awards, (iv) restricted stock unit awards, (v) cash awards and (vi) performance awards. The current forms of the applicable award agreements pursuant to the Company’s long term incentive plan are included as exhibits hereto. In February 2017, the Compensation Committee of the Company approved the following:


•	Mr. Prochazka’s long-term incentive target was increased from 390% to 400%;


•	Mr. Rogers long-term incentive target was increased from 170% to 195%; and


•	no changes to the 160% long-term incentive target for each of Messrs. Bridge and McGoldrick.