exhibit10mm.htm


     

     Exhibit 10(mm)

     

    CenterPoint
Energy, Inc.

    Summary
of Named Executive Officer Compensation

     

        The following
is a summary of compensation paid to the named executive officers of CenterPoint
Energy, Inc. (the “Company”). For additional information regarding the
compensation of the named executive officers, please read the definitive proxy
statement relating to the Company’s 2010 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
named executive officers effective April 1, 2010:

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      	 
      	 
      	 
      	 
      	 
      
	
                                              Name
      and Position

                                            	 
      	
                                              Base
      Salary

                                            	 
      
	
                                               

                                              David
      M. McClanahan

                                              
                                                President
      and Chief Executive Officer

                                              

                                            	 
      	
                                              $

                                            	
                                              1,100,000

                                            	 
      
	
                                               

                                              Gary
      L. Whitlock

                                              
                                                Executive
      Vice President

                                                and
      Chief Financial Officer

                                              

                                            	 
      	
                                              $

                                            	
                                              525,000

                                            	 
      
	
                                               

                                              Scott
      E. Rozzell

                                              
                                                Executive
      Vice President, General

                                                Counsel
      and Corporate Secretary

                                              

                                            	 
      	
                                              $

                                            	
                                              490,000

                                            	 
      
	
                                               

                                              Thomas
      R. Standish

                                              
                                                Senior
      Vice President and Group

                                                President
      — Regulated Operations

                                              

                                            	 
      	
                                              $

                                            	
                                              472,000

                                            	 
      
	
                                               

                                              C.
      Gregory Harper

                                              
                                                Senior
      Vice President and Group President,

                                                Pipelines
      and Field Services

                                              

                                            	 
      	
                                              $

                                            	
                                              355,000

                                            	 
      
	
                                               

                                            	 
      	 
      	 
      	 
      


                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

         

        Short Term Incentive
Plan. Annual bonuses are paid to the Company’s named 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 named executive officers under the
short term incentive plan is provided in definitive proxy statements relating to
the Company’s annual meeting of shareholders.

     

        Long Term Incentive
Plan. Under the Company’s long term incentive plan, the Company’s named
executive officers may receive grants of (i) stock option awards,
(ii) performance share awards, (iii) performance unit awards and/or
(iv) stock awards. The current forms of the applicable award agreements
pursuant to the Company’s long term incentive plan are included as exhibits
hereto.