CenterPoint Energy, Inc (Holding Co) CNP
CenterPoint Energy, Inc. is a public utility holding company that operates regulated electric and natural gas utilities serving millions of customers across multiple states. The company's primary business involves the transmission and distribution of electricity through its subsidiary CenterPoint Energy Houston Electric, LLC, which serves the Houston metropolitan area, and the distribution of natural gas through its subsidiary CenterPoint Energy Resources Corp., serving customers in Indiana, Louisiana, Minnesota, Mississippi, Ohio, and Texas. CenterPoint Energy generates revenue by providing essential utility services to residential, commercial, and industrial customers, with rates regulated by state public utility commissions that allow recovery of operating costs and a reasonable return on invested capital. The company focuses on maintaining and modernizing its energy infrastructure, investing in grid resilience, and supporting the transition to cleaner energy sources while ensuring reliable service delivery.
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