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Centerpoint Energy Announces Completion Of Vuhi Restructuring To Enable More Efficient Funding Of Capital Investments For The Benefit Of Customers

Jul 05, 2022•about 3 years ago
Houston

Description

CenterPoint Energy, Inc. (NYSE: CNP) or “CenterPoint” today announced it has achieved the final milestone in realigning its corporate structure after its acquisition of Vectren Corporation in 2019 to fund future capital investments more efficiently and better align with the company’s management and financial reporting. Included in the transaction was a successful exchange of $302 million Vectren Utility Holdings, Inc. (VUHI) private placement notes for new private placements notes issued by CenterPoint Energy Resources Corp

Company Information

Company

Center Point Energy

Location

Houston, Texas, United States

About

As the only investor owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Indiana, Louisiana, Minnesota, Mississippi, Ohio and Texas. As of March 31, 2022, the company owned approximately $35 billion in assets. With approximately 8,900 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.

FundzWatch™ Score

67
Medium Activity

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