Last $24.06 USD
Change Today -0.16 / -0.66%
Volume 8.0M
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As of 8:04 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

centerpoint energy inc (CNP) Snapshot

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06/30/14 - $25.75
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12/18/13 - $22.46
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centerpoint energy inc (CNP) Details

CenterPoint Energy, Inc. operates as a public utility holding company in the United States. The company’s Electric Transmission & Distribution segment is engaged in the transmission and distribution of electricity to retail electric providers, municipalities, electric cooperatives, and other distribution companies. As of December 31, 2013, this segment owned 28,113 pole miles of overhead distribution lines and 3,703 circuit miles of overhead transmission lines; 21,763 circuit miles of underground distribution lines and 24 circuit miles of underground transmission lines; and 234 substations with a capacity of 54,931 megavolt amperes. CenterPoint Energy, Inc.’s Natural Gas Distribution segment sells regulated intrastate natural gas; provides natural gas transportation services for residential, commercial, and industrial customers; and offers unregulated services consisting of residential appliance repair and maintenance services, as well as sells heating, ventilating and air conditioning equipment. This segment owned approximately 73,000 linear miles of natural gas distribution mains. The company’s Energy Services segment offers physical natural gas supplies primarily to commercial and industrial customers, and electric and gas utilities; natural gas management services; and physical delivery services and financial products. It owns and operates approximately 235 miles of intrastate pipelines. CenterPoint Energy, Inc.’s Midstream Investments segment provides gathering, processing, treating, compression, dehydration, and natural gas liquids fractionation for natural gas producers; and pipeline takeaway services for natural gas producers from supply basins to market hubs, as well as natural gas supply for industrial end users and utilities. This segment had approximately 11,000 miles of gathering pipelines, 7,900 miles of interstate pipelines, and approximately 2,300 miles of intrastate pipelines. The company was founded in 1882 and is headquartered in Houston, Texas.

8,591 Employees
Last Reported Date: 02/26/14
Founded in 1882

centerpoint energy inc (CNP) Top Compensated Officers

Executive Chairman
Total Annual Compensation: $262.5K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $567.3K
Group President of Corporate & Energy Service...
Total Annual Compensation: $509.5K
Compensation as of Fiscal Year 2013.

centerpoint energy inc (CNP) Key Developments

CenterPoint Energy, Inc., CenterPoint Energy Houston Electric, LLC and CenterPoint Energy Resources Announce Amendment to Credit Agreement

On September 9, 2014, (a) CenterPoint Energy, Inc., JPMorgan Chase Bank, N.A., as administrative agent, and the banks party thereto entered into a Third Amendment to Credit Agreement (the CenterPoint Amendment), amending CenterPoint's Credit Agreement dated as of September 9, 2011, (b) CenterPoint's indirect, wholly-owned subsidiary, CenterPoint Energy Houston Electric, LLC (CEHE), JPMorgan Chase Bank, N.A., as administrative agent, and the banks party thereto entered into a Second Amendment to Credit Agreement, amending CEHE's Credit Agreement dated as of September 9, 2011 and (c) CenterPoint's indirect, wholly-owned subsidiary, CenterPoint Energy Resources Corp. (CERC), Citibank, N.A., as administrative agent, and the banks party thereto entered into a Third Amendment to Credit Agreement (the CERC Amendment and together with the CenterPoint Amendment and the CEHE Amendment, the Amendments), amending CERC's Credit Agreement dated as of September 9, 2011. The Amendments, among other things, extend the maturity date of the commitments under the Credit Agreements from September 9, 2018 to September 9, 2019. The Amendments also reduce the swingline and letter of credit sub-facilities under each Credit Agreement, with the total commitments under each Credit Agreement remaining unchanged.

CenterPoint Energy, Inc. Announces Executive Changes

On September 4, 2014, CenterPoint Energy, Inc. announced that Mrs. Kristie Colvin, 50, was named Senior Vice President and Chief Accounting Officer of the company, effective immediately. Since July 2010, Mrs. Colvin has served as Division Vice President Finance, Regulated Operations for CenterPoint Energy Houston Electric, LLC, CenterPoint Energy Resources Corp. and CenterPoint Energy Service Company, LLC. Prior to that time, she served as Senior Director, Financial Planning and Performance Measurement of the company from August 2007 through June 2010. Mrs. Colvin succeeds Mr. Walter L. Fitzgerald who retired from the role of Senior Vice President and Chief Accounting Officer of the company, effective August 31, 2014.

CenterPoint Energy, Inc. Announces Management Retirements, Effective August 31, 2014

On August 6, 2014, CenterPoint Energy, Inc. and Mr. Thomas R. Standish agreed that he will step down as Executive Vice President of the company effective August 31, 2014. Mr. Standish intends to remain with the Company until his expected retirement at the end of 2014 to assist with the transition of his responsibilities as part of the company's succession plan. In addition, on August 6, 2014, Mr. Walter L. Fitzgerald, Senior Vice President and Chief Accounting Officer of the company, notified the company that he is retiring effective August 31, 2014.


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