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Last $20.66 USD
Change Today -0.46 / -2.18%
Volume 4.1M
CNP On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 04/21/15 All times are local (Market data is delayed by at least 15 minutes).
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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 owns interests in Enable Midstream Partners, LP (Enable). The company’s indirect wholly owned subsidiaries include the following: CenterPoint Energy Houston Electric, LLC (CenterPoint Houston), which engages in the electric transmission and distribution business in a 5,000-square mile area of the Texas Gulf Coast that includes the city of Houston; and CenterPoint Energy Resources Corp. (CERC Corp. and together with its subsidiaries, CERC) 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, 2014, 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 segments include Electric Transmission & Distribution, Natural Gas Distribution, Energy Services, Midstream Investments and Other Operations. Electric Transmission & Distribution 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 (kV) 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. (ERCOT), 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. Electric Lines – Overhead: As of December 31, 2014, CenterPoint Houston owned 28,282 pole miles of overhead distribution lines and 3,719 circuit miles of overhead transmission lines, including 342 circuit miles operated at 69,000 volts, 2,161 circuit miles operated at 138,000 volts and 1,216 circuit miles operated at 345,000 volts. Electric Lines – Underground: As of December 31, 2014, CenterPoint Houston owned 22,435 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, 2014, CenterPoint Houston owned 236 major substation sites having a total installed rated transformer capacity of 57,477 megavolt amperes. Service Centers: CenterPoint Houston operates 14 regional service centers located on a total of 291 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, 2014, CenterPoint Houston’s customers consisted of approximately 70 REPs, which sell electricity to approximately 2 million metered customers in CenterPoint Houston’s certificated service area, and municipalities, electric coo

 

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Price/Cash Flow 5.6x
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