CenterPoint Energy Inc - Company Profile
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Business Description
CenterPoint Energy Inc (CenterPoint), an energy utility company which carries out electricity transmission, distribution, interstate natural gas distribution, field services and competitive natural gas sales and services. It offers these services to customers in various states in the US. CenterPoint operates through three reportable business segments: Electric, Natural Gas Distribution, and Corporate and other.
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Business Segments
Overview
Operations include construction and maintenance of electric transmission and distribution facilities, and metering services, outage response services, and call center operations. It serves retail electric providers (REPs), who provide services to customers in Texas and electricity transmission service to transmission service customers in the ERCOT region through Bond Companies, which are special purpose entities solely for the purpose of purchasing and owning energy assets through securitization bonds Indiana Electric Operations include SIGECO’s electric transmission and distribution services, and include its power generating and wholesale power operations. Electric reported capital expenditure of US$2,611.0 million in FY2022, which grew 30.0% YoY
Performance
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Overview
Includes natural gas distribution services that are subject to rate regulation in CenterPoint Energy’s and CERC’s service territories. Provides home appliance maintenance and repair services to customers in Minnesota and home repair protection plans to natural gas customers in Texas and Louisiana through a third party. Natural Gas reported capital expenditure of US$1,697.0 million in FY2022, which grew 44.1% YoY.
Performance
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Overview
CenterPoint Energy’s Corporate and Other segment consists of energy performance contracting and sustainable infrastructure services such as renewables, distributed generation and combined heat and power projects, through ESG, and other corporate support operations. It also includes office buildings and other real estate used for business operations. Corporate and Other reported capital expenditure of US$107.0 million in FY2022, which grew 154.8% YoY.
Performance
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