CenterPoint Energy, Inc., through its subsidiaries, operates as a public utility company in the United States. The company�s Electric Transmission and Distribution segment provides electric transmission and distribution services to retail electric providers, municipalities, electric cooperatives, and other distribution companies. This segment owns 27,421 pole miles of overhead distribution lines and 3,738 circuit miles of overhead transmission lines; 18,955 circuit miles of underground distribution lines and 28.4 circuit miles of underground transmission lines; and 229 substations with installed rated transformer capacity of 50,586 megavolt amperes. Its Natural Gas Distribution segment engages in regulated intrastate natural gas sale and transportation to approximately 3.2 million residential, commercial, and industrial customers. The company�s Competitive Natural Gas Sales and Services segment offers variable and fixed-priced physical natural gas supplies to commercial and industrial customers, and electric and gas utilities; physical delivery services and financial products; natural gas management services; and transportation services. Its Interstate Pipelines segment owns and operates approximately 8,100 miles of gas transmission lines located in Arkansas, Illinois, Louisiana, Missouri, Oklahoma, and Texas; and 6 natural gas storage fields with a combined daily deliverability of approximately 1.2 billion cubic feet (bcf) per day and a combined working gas capacity of approximately 59 bcf. The company Field Services segment operates gas gathering, treating, and processing facilities; and also provides operating and technical services, and remote data monitoring and communication services. CenterPoint Energy, Inc. was founded in 1882 and is based in Houston, Texas. Analysts' Recommendation: Buy 30 Days Ago: Buy Analysts' Target: $87 Analysts' Targets Deutsche Bank Securities $93 Buy Thursday, July 31, 2008 BWS Financial $85 Buy Thursday, July 31, 2008 BWS Financial $85 Buy Thursday, July 31, 2008 Morgan Keegan $94 Mkt Perform Tuesday, July 29, 2008 SunTrust Robinson Humphrey $100 Buy Tuesday, May 27, 2008 UBS Securities $100 Buy Thursday, May 01, 2008 Lehman Brothers $85 Overweight Thursday, May 01, 2008 RBC Capital Markets $84 Outperform Tuesday, April 29, 2008 Keefe Bruyette & Woods $80 Outperform Monday, April 14, 2008 Avondale Partners $65 Mkt Outperform Thursday, March 20, 2008
$15.75 (09/06/08)
