CenterPoint Energy Inc
Stock Symbol: CNP
CenterPoint Energy Inc Industry:
CenterPoint Energy Inc Description:
Centerpoint Energy, Inc. is a public utility holding company that became the parent of Reliant Energy, Incorporated and its subsidiaries as part of a corporate restructuring of Reliant Energy. The Company's indirect wholly owned operating subsidiaries own and operate electric transmission and distribution facilities, natural gas distribution facilities and natural gas pipelines.
CenterPoint Energy Inc Financial Summary:
CenterPoint Energy, Inc. is an electricity and natural gas delivery company with almost five million metered customers. For the 6 months ended 6/30/05, revenues increased 11% to $4.69B. Net income from continuing operations before extra. item totaled $94.4M, up from $26.2M. Revenues reflect an increase in natural gas distribution revenues. Net income also reflects the inclusion of a $69.6M return on true-up balance.
CenterPoint Energy Inc Business Summary:
CenterPoint Energy, Inc. is a public utility holding company, whose subsidiaries own and operate electric transmission and distribution facilities, gas distribution systems, natural gas pipelines and gas gathering systems. Its wholly owned subsidiaries include CenterPoint Energy Houston Electric, LLC, which provides electric transmission and distribution services in the Texas Gulf Coast area, and CenterPoint Energy Resources Corp., which owns gas distribution systems serving approximately 3 million customers in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma and Texas. The Company has four business segments: Electric Transmission and Distribution, Natural Gas Distribution, Pipelines and Gathering, and Other Operations. On December 14, 2004, Texas Genco Holdings, Inc. (Texas Genco), merged with a wholly owned subsidiary of the Company. On December 15, 2004, Texas Genco completed the sale of its fossil generation assets to Texas Genco LLC.