CenterPoint Energy seeks to sell non-utility services units: sources [Reuters]
CenterPoint Energy, Inc (Holding Co) (CNP)
Last centerpoint energy, inc (holding co) earnings: 2/27 06:30 am
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Source: Reuters
CenterPoint Energy seeks to sell non-utility services units: sources (Reuters) - CenterPoint Energy Inc ( CNP.N ) is exploring the sale of two services units that could fetch more than $1 billion, people familiar with the matter said on Tuesday, as the U.S. power utility seeks to raise capital and simplify its structure. The divestitures could compensate for a regulator’s refusal to grant CenterPoint its desired rate increase for what it charges to deliver electricity to energy providers in Houston. Last month, the Public Utility Commission of Texas (PUCT) said CenterPoint would be allowed to earn a 9.25% return on equity, lower than the 10.5% return which the company had requested. The regulator wanted to make sure that consumer bills did not soar and that the utility continued to invest in its network. CenterPoint had been working with advisers on an auction for the services businesses even before the PUCT’s decision, the sources said, cautioning that no deal is certain and asking
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CNP
Earnings
- 2/20/24 - Miss
CNP
Sec Filings
- 4/1/24 - Form PX14A6G
- 3/15/24 - Form DEFA14A
- 3/15/24 - Form DEF
- CNP's page on the SEC website