Company Overview of Centerpoint Energy Resources Corp.
CenterPoint Energy Resources Corp., together with its subsidiaries, owns and operates natural gas distribution systems in the United States. Its Natural Gas Distribution segment engages in intrastate natural gas sales and transportation for approximately 3.3 million residential, commercial, and industrial customers in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma, and Texas. This segment also provides services consisting of heating, ventilating, and air conditioning (HVAC) equipment and appliance repair, as well as sale of HVAC, hearth, and water heating equipment; owns and operates an underground natural gas storage facility with a capacity of seven billion cubic feet; and owns appr...
Houston, TX 77002
Key Executives for Centerpoint Energy Resources Corp.
Chief Financial Officer and Executive Vice President
Chief Executive Officer of Texas Genco and President of Texas Genco
President of CenterPoint Energy Pipeline & Field Services Group and Chief Operating Officer of CenterPoint Energy Pipeline & Field Services Group
Executive Vice President and President of Electric Division
Compensation as of Fiscal Year 2013.
Centerpoint Energy Resources Corp. Key Developments
CenterPoint Energy, Inc. Amends Three Revolving Bank Credit Facilities of the Parent and its wholly-owned subsidiaries, Centerpoint Energy Houston Electric, LLC and Centerpoint Energy Resources Corp
Sep 10 13
CenterPoint Energy, Inc. announced that it amended the three revolving bank credit facilities of the parent and its wholly-owned subsidiaries, CenterPoint Energy Houston Electric, LLC (CEHE) and CenterPoint Energy Resources Corp. (CERC). The amendments extend the maturity date of each of the facilities from September 9, 2016, to September 9, 2018. In addition, the debt-to-earnings before interest, taxes, depreciation and amortization financial covenant in the CenterPoint Energy facility has been replaced with a debt-to-capitalization financial covenant and the aggregate commitments under the CERC facility have been reduced from $950 million to $600 million. The aggregate commitments under the CenterPoint Energy and CEHE facilities remain at $1.2 billion and $300 million, respectively.
CenterPoint Energy, Inc. and Centerpoint Energy Resources Corp. Enter into First Amendment to Credit Agreement
Apr 15 13
CenterPoint Energy, Inc., JPMorgan Chase Bank, N.A., as administrative agent, and the banks party thereto entered into a first amendment to credit agreement to CenterPoint’s $1,200,000,000 Credit Agreement, dated as of September 9, 2011, and (b) CenterPoint’s wholly owned subsidiary, CenterPoint Energy Resources Corp., Citibank, N.A., as administrative agent, and the banks party thereto entered into a first amendment to credit agreement to CERC’s $950,000,000 credit agreement, dated as of September 9, 2011. The amendments amend the credit agreements to add exceptions to each borrower’s covenants restricting (i) the consolidation, merger or disposal of assets and (ii) the sale of stock in certain significant subsidiaries, in each case to permit the transactions contemplated by CenterPoint’s previously announced midstream joint venture transaction with OGE Energy Corp. and two affiliates of ArcLight Capital Partners, LLC.
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