By Sanford Hall
CenterPoint Energy, Inc., through its subsidiaries, operates as a public utility company in the United States. The company’s Electric Transmission and Distribution segment provides transmission and distribution services to retail electric providers, municipalities, electric cooperatives, and other distribution companies. As of December 31, 2009, it owned 27,726 pole miles of overhead distribution lines and 3,729 circuit miles of overhead transmission lines; 20,080 circuit miles of underground distribution lines and 26 circuit miles of underground transmission lines; and 230 substation sites with a capacity of 51,557 megavolt amperes. Its Natural Gas Distribution segment engages in regulated intrastate natural gas sales to, and natural gas transportation for approximately 3.2 million residential, commercial, and industrial customers. This segment also provides various unregulated services consisting of heating, ventilating, and air conditioning (HVAC) equipment and appliance repair; and sells HVAC, and hearth and water heating equipment in Minnesota. It owned approximately 70,700 linear miles of natural gas distribution mains. The company’s Competitive Natural Gas Sales and Services segment offers physical natural gas supplies primarily to commercial and industrial customers, and electric and gas utilities; physical delivery services and financial products; natural gas management services; and transportation services. Its Interstate Pipelines segment primarily provides transportation services to shippers and end-users. It owned and operated approximately 8,000 miles of natural gas transmission lines; and 6 natural gas storage fields. The company’s Field Services segment operates gas gathering, treating, and processing facilities, as well as provides operating and technical services, and remote data monitoring and communication services. CenterPoint Energy, Inc. was founded in 1882 and is based in Houston, Texas.
Insiders transaction over the past two years.
Alert Price: $17.88
Target Price: $24.00 in 3 months.
CenterPoint Energy, Inc., through its subsidiaries, operates as a public utility company in the United States. The company’s Electric Transmission and Distribution segment provides transmission and distribution services to retail electric providers, municipalities, electric cooperatives, and other distribution companies. As of December 31, 2009, it owned 27,726 pole miles of overhead distribution lines and 3,729 circuit miles of overhead transmission lines; 20,080 circuit miles of underground distribution lines and 26 circuit miles of underground transmission lines; and 230 substation sites with a capacity of 51,557 megavolt amperes. Its Natural Gas Distribution segment engages in regulated intrastate natural gas sales to, and natural gas transportation for approximately 3.2 million residential, commercial, and industrial customers. This segment also provides various unregulated services consisting of heating, ventilating, and air conditioning (HVAC) equipment and appliance repair; and sells HVAC, and hearth and water heating equipment in Minnesota. It owned approximately 70,700 linear miles of natural gas distribution mains. The company’s Competitive Natural Gas Sales and Services segment offers physical natural gas supplies primarily to commercial and industrial customers, and electric and gas utilities; physical delivery services and financial products; natural gas management services; and transportation services. Its Interstate Pipelines segment primarily provides transportation services to shippers and end-users. It owned and operated approximately 8,000 miles of natural gas transmission lines; and 6 natural gas storage fields. The company’s Field Services segment operates gas gathering, treating, and processing facilities, as well as provides operating and technical services, and remote data monitoring and communication services. CenterPoint Energy, Inc. was founded in 1882 and is based in Houston, Texas.
Insiders transaction over the past two years.
Alert Price: $17.88
Target Price: $24.00 in 3 months.
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