Utilities - Regulated Electric
Industry
|
Utilities
Sector
|
Mr. Jason P. Wells
CEO
|
NYSE
Exchange
|
US15189T1079
ISIN
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US
Country
|
8,827
Employees
|
13 Jun 2024
Last Dividend
|
1 Oct 2002
Last Split
|
2 Jan 1970
IPO Date
|
CenterPoint Energy, Inc. is a notable public utility holding company based in the United States, with its origins tracing back to 1866. The company's headquarters are situated in Houston, Texas, reflecting its strong presence in several states, including Indiana, Louisiana, Minnesota, Mississippi, Ohio, and Texas. It operates through two primary segments: Electric and Natural Gas. CenterPoint Energy plays a critical role in providing transmission, distribution, and generation services for electricity, while also delivering natural gas to a wide array of customers, ranging from residential to industrial and institutional sectors. The company’s infrastructure and operations are substantial, with a notable number of metered customers and extensive facilities that underline its capacity and commitment to energy distribution and services.
This segment focuses on the delivery of electricity to customers, alongside managing electric generation assets. CenterPoint Energy also partakes in optimizing these assets within the wholesale power market, ensuring reliable electricity supply and distribution across its service territories.
CenterPoint Energy is engaged in the sales and distribution of natural gas to diverse customer sectors including residential, commercial, industrial, and institutional clients. The company's operations in this segment highlight its role in ensuring the consistent provision of natural gas, facilitated through a comprehensive network of pipelines and service connections.
Through its Natural Gas segment, CenterPoint Energy maintains permanent pipeline connections by interfacing with various interstate and intrastate pipeline companies. Additionally, it offers maintenance and repair services for home appliances, predominantly in Minnesota. This service extends to providing home repair protection plans through third parties in select states, adding an essential layer of customer support and service reliability.