text size: T | T
Back to Snapshot
Company Description

Contact Info

1111 Louisiana Street

Houston, TX 77002

United States

Phone: 713-207-1111

Fax:

CenterPoint Energy, Inc. operates as a public utility holding company. The company’s operating subsidiaries own and operate electric transmission and distribution facilities and natural gas distribution facilities; and own interests in Enable Midstream Partners, LP (Enable). The company’s indirect wholly-owned subsidiaries comprise: CenterPoint Energy Houston Electric, LLC (CenterPoint Houston), which engages in the electric transmission and distribution business in the Texas Gulf Coast area that includes the city of Houston; and CenterPoint Energy Resources Corp. (CERC Corp., and together with its subsidiaries, CERC), which owns and operates natural gas distribution systems (NGD). A wholly-owned subsidiary of CERC Corp. offers variable and fixed-price physical natural gas supplies primarily to commercial and industrial customers and electric and gas utilities. As of December 31, 2015, CERC Corp. also owned approximately 55.4% of the limited partner interests in Enable, which owns, operates, and develops natural gas and crude oil infrastructure assets. Segments The company’s business segments are Electric Transmission & Distribution, Natural Gas Distribution, Energy Services, Midstream Investments and Other Operations. Electric Transmission & Distribution segment CenterPoint Houston is a transmission and distribution electric utility that operates wholly within the state of Texas. Electric Transmission On behalf of retail electric providers (REPs), CenterPoint Houston delivers electricity from power plants to substations, from one substation to another and to retail electric customers taking power at or above 69 kilovolts in locations throughout CenterPoint Houston’s certificated service territory. CenterPoint Houston constructs and maintains transmission facilities and provides transmission services under tariffs approved by the Public Utility Commission of Texas (Texas Utility Commission). Electric Distribution In the Electric Reliability Council of Texas, Inc., end users purchase their electricity directly from certificated REPs. CenterPoint Houston delivers electricity for REPs in its certificated service area by carrying lower-voltage power from the substation to the retail electric customer. CenterPoint Houston’s distribution network receives electricity from the transmission grid through power distribution substations and delivers electricity to end users through distribution feeders. CenterPoint Houston’s operations include construction and maintenance of distribution facilities, metering services, outage response services, and call center operations. CenterPoint Houston provides distribution services under tariffs approved by the Texas Utility Commission. Properties All of CenterPoint Houston’s properties are located in Texas. Its properties consist primarily of high-voltage electric transmission lines and poles, distribution lines, substations, service centers, service wires and meters. Electric Lines – Overhead: As of December 31, 2015, CenterPoint Houston owned 28,474 pole miles of overhead distribution lines and 3,723 circuit miles of overhead transmission lines, including 325 circuit miles operated at 69,000 volts; 2,181 circuit miles operated at 138,000 volts; and 1,217 circuit miles operated at 345,000 volts. Electric Lines – Underground: As of December 31, 2015, CenterPoint Houston owned 23,120 circuit miles of underground distribution lines and 26 circuit miles of underground transmission lines, including 2 circuit miles operated at 69,000 volts and 24 circuit miles operated at 138,000 volts. Substations: As of December 31, 2015, CenterPoint Houston owned 232 major substation sites having a total installed rated transformer capacity of 58,674 megavolt amperes. Service Centers: CenterPoint Houston operates 14 regional service centers located on a total of 292 acres of land. These service centers consist of office buildings, warehouses and repair facilities that are used in the business of transmitting and distributing electricity. Customers CenterPoint Houston serves all of the Houston/Galveston metropolitan area. As of December 31, 2015, CenterPoin

 

The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. Bloomberg.com does not create or control the content.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

CNP Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for CNP.
View Industry Companies
 

Industry Analysis

CNP

Industry Average

Valuation CNP Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.4x
Price/Book 2.9x
Price/Cash Flow 31.0x
TEV/Sales 0.0x
 | 

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact CENTERPOINT ENERGY INC, please visit www.centerpointenergy.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.