CNP Stock - Centerpoint Energy Inc.

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CenterPoint Energy, Inc. functions as a prominent public utility holding company based in the United States. It operates through two principal segments: Electric and Natural Gas. The Electric segment oversees the transmission and distribution of electricity to residential, commercial, and industrial customers, complemented by its electric generation assets and participation in the wholesale power market. Meanwhile, the Natural Gas segment focuses on providing natural gas distribution services across Minnesota, alongside offering home appliance maintenance and repair services. It also extends home repair protection plans to natural gas customers in several states through a third-party arrangement.

Moreover, CenterPoint Energy's Natural Gas segment engages in the regulated sale of intrastate natural gas, as well as transportation and storage services for various customer categories, including residential, commercial, industrial, and transportation sectors. As of December 31, 2021, the company served approximately 2.7 million metered customers and operated a robust infrastructure that included 239 substation sites with a total transformer capacity of 71,241 megavolt amperes. Its extensive natural gas operations span approximately 100,000 linear miles of distribution and transmission mains, complemented by 285 miles of intrastate pipeline located in Louisiana, Texas, and Oklahoma. CenterPoint Energy, Inc. was established in 1866 and is headquartered in Houston, Texas.

Throughout its long history, CenterPoint Energy has evolved to meet the evolving energy needs of its customer base while maintaining a focus on operational efficiency and reliability. With a commitment to enhancing its service offerings and expanding its infrastructure, the company continues to play a vital role in delivering essential energy services across its operational regions, ensuring customer satisfaction and contributing to the overall economic growth and development of the communities it serves.

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