CenterPoint Energy Inc. (CNP) is a publicly traded corporation that provides energy through electricity and natural gas to multiple markets across the United States. Its shares are listed on the New York Stock Exchange under the ticker symbol "CNP". The company's headquarters are located in Houston, Texas.
CNP serves more than 7 million metered customers primarily in Arkansas, Indiana, Louisiana, Minnesota, Mississippi, Ohio, Oklahoma, and Texas. Its business operations cover six key segments, namely the Electric Transmission & Distribution, Natural Gas Distribution, Energy Services, Midstream Investments, and Other Operations.
In its Electric Transmission & Distribution segment, CNP operates through utility companies such as Houston Electric, Indiana Electric, and Vectren that serve residential, commercial, and industrial customers. They are responsible for the construction, operation, and maintenance of electric transmission and distribution systems. In the area of Natural Gas Distribution, the company owns interstate pipeline systems and gas processing plants, offering unparalleled access to major supply basins in the U.S.
The Energy Services segment includes competitive energy services businesses like the Home Service Plus (HSP) - the largest provider of major home appliance sales, service, and repair - and rental protection products (RPP) in the Twin Cities area.
The Midstream Investments division includes a 50 percent equity interest in Enable Midstream Partners, a publicly traded limited partnership that owns, operates, and develops strategically located natural gas and crude oil infrastructure assets.
CenterPoint Energy's commitment to serve communities goes beyond delivering essential energy. The company invests in the communities where they operate, with employees volunteering their time and contributing to various charities. They also put a strong emphasis on sustainable practices, ensuring they are utilizing resources wisely and being good stewards of the environment. This includes finding cleaner energy solutions to meet customer needs, improving energy efficiency, and reducing their own carbon footprint.
In 2021, CNP claimed a spot on the list for the Most Responsible Companies in America by Newsweek, recognizing corporate responsibility and leadership in environmental, social, and corporate governance (ESG) areas. This testifies to the company's intensive commitment towards community and environmental wellbeing.
Moreover, CNP has won the Edison Electric Institute’s Emergency Recovery Award and the Emergency Assistance Award for its extraordinary efforts to restore power to the customers affected by hurricanes and help other utilities do the same.
With a history that spans more than 150 years, CenterPoint Energy Inc. continues to deliver reliable energy solutions, continually endeavoring to improve and innovate to exceed their customers' expectations and drive growth for the future.