UPDATE 2-CenterPoint to sell Louisiana, Mississippi natgas assets for $1.2 bln [Yahoo! Finance]
CenterPoint Energy, Inc (Holding Co) (CNP)
Last centerpoint energy, inc (holding co) earnings: 2/27 06:30 am
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Source: Yahoo! Finance
Feb 20 (Reuters) - CenterPoint Energy said on Tuesday it would sell its natural gas assets in Louisiana and Mississippi for $1.2 billion to Bernhard Capital Partners, as the electricity and gas utility plans to focus on its regulated business. Several U.S. utilities have been disposing of their unregulated assets are the returns are dictated by market dynamics, while regulated operations offer steady returns that are preferred by investors. Last year, Utility firms Duke Energy and American Electric Power announced sales of their unregulated assets. In regulated states, a utility could be responsible for electricity generation, transmission and distribution, while in non-regulated states, generation is separate from distribution and transmission, and consumers can choose to buy their power from different providers. "From an operational and strategic perspective, we remain confident in and committed to our regulated natural gas utilities in Texas, Indiana, Minnesota, and Ohio w
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CNP
Earnings
- 4/30/24 - Beat
CNP
Sec Filings
- 4/30/24 - Form 8-K
- 4/29/24 - Form 8-K
- 4/1/24 - Form PX14A6G
- CNP's page on the SEC website