CenterPoint Energy

CenterPoint to sell Louisiana, Mississippi natgas assets for $1.2 bln

February 20, 2024

Yahoo Finance Transaction valuation represents approximately 32 multiple of 2023 Louisiana and Mississippi Local Distribution (LDC) earnings Sale will enable company to efficiently recycle approximately $1 billion in anticipated after-tax cash proceeds to support industry-leading capital plan Transaction also enables CenterPoint to reprioritize future capital investments related to those assets of approximately $1 billion elsewhere across its regulated Electric and

CenterPoint Energy, Inc. (NYSE: CNP) (“CenterPoint”) today announced the sale of its Arkansas and Oklahoma natural gas LDC assets to Summit Utilities for $2.150 billion in cash, including recovery of approximately $425 million in cash of unrecovered storm-related incremental natural gas costs incurred in February 2021, subject to true-up at transaction close. The assets include approximately 17,000 miles of main pipeline in Arkansas, Oklahoma, and Texarkana serving more than half a million customers residing in high-quality regulatory jurisdictions.- oil and gas 360

CenterPoint announces sale of Arkansas and Oklahoma natural gas LDC businesses to Summit Utilities for $2.150 billion in cash

April 29, 2021

CenterPoint to receive $2.150 billion in cash, including recovery of approximately …

CenterPoint earnings double as interim CEO says he has no plans to step down

February 28, 2020

Houston Chronicle CenterPoint Energy reported that a growing number of new customers, favorable weather and better cost management helped the company more than double its earnings last year. “I am very pleased with our 2019 results,” said John W. Somerhalder II, interim president and chief executive officer of the regulated utility that delivers electricity to most of the Houston area.

CenterPoint to sell Louisiana, Mississippi natgas assets for $1.2 bln

CenterPoint announces sale of Arkansas and Oklahoma natural gas LDC businesses to Summit Utilities for $2.150 billion in cash

CenterPoint earnings double as interim CEO says he has no plans to step down

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