CenterPoint Energy Inc., a Houston company with 7 million customers in Oklahoma and several other states is said to be looking into the possible sale of two services units, a sale that could bring more than $1 billion.
The company has not confirmed the report by Reuters which explained the possible sale was being considered in order to raise capital and simplify the company 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.
Headquartered in Houston, CenterPoint serves more than 7 million electricity and gas metered customers in Arkansas, Indiana, Louisiana, Minnesota, Mississippi, Ohio, Oklahoma and Texas. In February, it completed the $6 billion acquisition of peer Vectren Corp.
Source: Reuters