CenterPoint Energy: An American Fortune 500 Electric and Natural Gas Utility Company
Hey, this is Stocks_Pedia.
I would like to introduce some unfamiliar companies that may be of some help to your investments.
The company I'm going to introduce $CenterPoint(CNP)$.
It went public on August 31, 2002.
CenterPoint Energy, Inc. operates as a public utility holding company in the United States. The company operates through Electric and Natural Gas segments.
The Electric segment includes electric transmission and distribution services to electric customers and electric generation assets.
The Natural Gas segment provides natural gas distribution services, as well as home appliance maintenance and repair services to customers in Minnesota.
As of December 31, 2021, it served approximately 2.7 million metered customers, owned and operated 285 miles of intrastate pipeline in Louisiana, Texas, and Oklahoma.
The company was founded in 1866 and is headquartered in Houston, Texas.
[History & Events]
1866: Houston Gas Light Company was organized to supply gas made from oyster shells and coal for the street lights in a coastal village in southeast Texas.
2002: The remaining mostly regulated energy delivery company adopted the name CenterPoint Energy. The company began trading as CenterPoint Energy, Inc. (NYSE: CNP) on October 1,
2009: The company’s five-year smart meter deployment began, delivering enhanced smart meter functionality to Retail Electric Providers (REPs).
2010: CenterPoint Energy and Ford Motor Company formed a partnership to promote adoption of electric vehicles.
2013: CenterPoint Energy announced it was teaming up with ArcLight Capital Partners LLC and Oklahoma City-based OGE Energy Corp.
2018: CenterPoint Energy and Vectren Corporation entered into a definitive merger agreement to form a leading energy delivery, infrastructure and services company.
2021: CenterPoint Energy began exit of Midstream following energy transfer’s completed acquisition of enable midstream partners.
2021: CenterPoint sold Arkansas, Oklahoma gas utilities for $2.15 bln.
[Main Business Segments]
[Net Income & Total Revenue]
Con Edison Solutions
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.