CenterPoint Energy, Inc (Holding Co)
Capital Structure
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Jason P. Wells
- Full Time Employees
- 8,794
- Sector
- Utilities
- Industry
- Electric utilities
- Address
- 1111 Louisiana Street Houston TX United States 77002
- IPO Date
- Aug 16, 1943
- CIK
- 0001130310
- Website
- centerpointenergy.com
- Similar Companies
- Business
- CenterPoint Energy, Inc. is a publicly traded utility holding company primarily engaged in the delivery of electric and natural gas services across multiple states in the United States. The company operates two main business segments: Electric and Natural Gas. Its Electric segment provides electric transmission and distribution services to customers, owns and operates nearly 1,300 megawatts of electric generation capacity in Indiana, and manages electric infrastructure including wires and poles serving more than 2.9 million metered customers primarily in the greater Houston area of Texas and southwestern Indiana. The Natural Gas segment engages in intrastate natural gas sales, transportation, and distribution for residential, commercial, and industrial customers in Indiana, Louisiana, Minnesota, Mississippi, Ohio, and Texas. Additionally, it offers home appliance maintenance and repair services and home repair protection plans in select states. CenterPoint Energy also sells and delivers natural gas to approximately 7 million homes and businesses primarily in Indiana, Minnesota (including Minneapolis), Ohio, and Texas (including the greater Houston area) while operating an extensive natural gas pipeline network. Recent major company developments include senior leadership changes effective January 1, 2025, featuring appointments such as Richard C. Leger as Senior Vice President of the multi-state Gas business and Bertha Villatoro as Senior Vice President and Chief Human Resources Officer. CEO Jason Wells was appointed Chair of the Board in 2025, aligning leadership to execute a new 10-year, $65 billion capital investment plan. CenterPoint Energy also announced strategic initiatives focusing on modernizing natural gas infrastructure, including a commitment to eliminate cast-iron pipe in all territories and investing in grid resiliency, notably after severe weather events impacting Houston in 2024. The company launched its first Sustainable Financing Framework in early 2023 to fund sustainability-driven projects. Founded in 1866 and headquartered in Houston, Texas, CenterPoint Energy is the only investor-owned electric and gas utility based in Texas. It serves approximately 7 million metered customers across Indiana, Louisiana, Minnesota, Mississippi, Ohio, and Texas, and owns assets valued at approximately $44 billion. CenterPoint Energy operates through several subsidiaries and maintains a workforce of around 15,000 employees. The company focuses on regulated utility services within the electric and natural gas industries, targeting residential, commercial, and industrial customer segments for energy delivery and related services. CenterPoint's product and service offerings encompass electric transmission and distribution; electric generation including renewable energy sources; natural gas distribution and transportation; appliance maintenance and repair services through its Home Service Plus brand in Minnesota; and energy efficiency programs providing residential rebates and discounts on energy-saving products through partnerships such as with CLEAResult. These programs are designed to promote energy savings and support the company's goal of electric grid reliability and modernization. Overall, CenterPoint Energy is a comprehensive energy delivery company with a strategic focus on infrastructure modernization, sustainability financing, and operational excellence across its multi-state footprint, supported by recent leadership enhancements and major capital investments to drive long-term growth and service reliability.
Company News
CenterPoint Energy to Report Q3 Earnings: What's in the Cards?
CenterPoint Energy, Inc. $CNP Shares Sold by Louisbourg Investments Inc.
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CenterPoint Energy to Pay Additional Interest on its 2.0% Zero-Premium Exchangeable Subordinated Notes due 2029
CenterPoint Energy Sending 355 Mutual Aid Workers to Help Restore Power in Areas Impacted by Hurricane Isaias
CenterPoint Energy Sending 355 Mutual Aid Workers to Help Restore Power in Areas Impacted by Hurricane Isaias
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Greater Houston Resiliency Initiative (GHRI) Update: CenterPoint Energy Continues Monumental Efforts to Build the Most Resilient Coastal Grid
Greater Houston Resiliency Initiative (GHRI) Update: CenterPoint Energy Continues Monumental Efforts to Build the Most Resilient Coastal Grid
National Fuel Acquires CenterPoint's Ohio Gas Utility for $2.62B
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CenterPoint Energy completes sale of its Ohio natural gas business to National Fuel Gas Company for $2.62 billion
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