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{| class="toccolours" border="1" cellpadding="3" style="border-collapse:collapse" {| class="toccolours" border="1" cellpadding="3" style="border-collapse:collapse"
-|+ '''[[Net Income]] Breakdown for [[Electric Utilities|Electric]] Transmission and Distribution<ref>[http://www.sec.gov/Archives/edgar/data/1130310/000095013408003670/h54051e10vk.htm CNP's 2007 10-k p.41]+|+ '''[[Operating Income]] Breakdown for [[Electric Utilities|Electric]] Transmission and Distribution<ref>[http://www.sec.gov/Archives/edgar/data/1130310/000095013408003670/h54051e10vk.htm CNP's 2007 10-k p.41]
</ref> (in $millions)''' </ref> (in $millions)'''
|- bgcolor= lightblue |- bgcolor= lightblue
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|576 |576
|487 |487
 +|----
 +|}
 +
 +
 +====[[Natural gas|Natural Gas]] Distribution====
 +In 2006 CenterPoint saw it's [[Operating Income|operating income]] from [[Natural gas|natural gas]] distribution fall $51 million from 2005.<ref>[http://www.sec.gov/Archives/edgar/data/1130310/000095013408003670/h54051e10vk.htm CNP's 2007 10-k p.45]</ref> This can be explained by a decrease in [[Natural gas|gas]] usage because of milder weather ($30 million) and a $21 million write off of purchased gas costs prior to July 2004. In 2007 [[Operating Income|operating income]] shot up $94 million from 2006, which can be explained by a return to normal weather in 2007 ($33 million), an addition of over 38,000 [[Natural gas|gas]] customers ($9 million) and changes in operating and maintenance efficiency.<ref>[http://www.sec.gov/Archives/edgar/data/1130310/000095013408003670/h54051e10vk.htm CNP's 2007 10-k p.45]</ref>
 +
 +{| class="toccolours" border="1" cellpadding="3" style="border-collapse:collapse"
 +|+ '''[[Operating Income]] Breakdown for [[Electric Utilities|Electric]] Transmission and Distribution<ref>[http://www.sec.gov/Archives/edgar/data/1130310/000095013408003670/h54051e10vk.htm CNP's 2007 10-k p.41]
 +</ref> (in $millions)'''
 +|- bgcolor= lightblue
 +!
 +! 2007
 +! 2006
 +! 2005
 +|-
 +|Operating [[Revenue]]
 +|3,759
 +|3,593
 +|3,846
 +|----
 +|Total Expenses
 +|3,541
 +|3,469
 +|3,671
 +|----
 +|[[Operating Income]]
 +|218
 +|124
 +|175
|---- |----
|} |}

Revision as of 06:39, June 24, 2008

CenterPoint Energy (CNP) is a domestic energy utility headquartered in Houston, Texas. As of December 2007, it delivered natural gas and electricity to over 5,000,000 customers.[1]


CenterPoint operates in five primary businesses: electric transmission and distribution, natural gas distribution, interstate pipelines, field services, and competitive natural gas sales and services.[2]

CenterPoint Energy was formed when industry giant Reliant Energy (RRI) spun off its electric retail sales and sold its

Business Financials

CenterPoint Energy is a public utility holding company that operates through two wholly owned subsidiaries: CenterPoint Houston, which engages in the electric transmission and distribution; and CenterPoint Energy Resources Corp. (CERC), which controls the other four primary businesses.[3] The income generated from electric transmission and distribution made up 47.2% of CenterPoint Energy's total operating income in 2007. Natural gas distribution and interstate pipelines comprised 18.2% and 20.0% of the total operating income, respectively.

Operating Income Breakdown [4] (in $millions)
2007 2006 2005
Electric Distribution 561 576 487
Natural Gas Distribution 218 124 175
Natural Gas Sales 75 77 60
Interstate Pipelines 237 181 165
Field Services 99 89 70
Other (5) (2) (18)
Total 1,185 1,045 939


Electric Transmission and Distribution

Between 2005 and 2007, operating revenues from electric transmission and distribution increased from $1,644 million to $1,837 million due to growth in number of customers (53,000 were added between December 2006 and 2007).[5] The revenue increases were partially offset due to an October 2006 rate case settlement that cost the company $41 million.[6] This, paired with high transmission costs ($25 million), meant that CenterPoint saw a $15 million decrease in operating income from 2006 to 2007, but there remained a total increase in income of $74 million from 2005 to 2007.[7] When Hurricane Rita occurred in 2005, CenterPoint Houston's electric facilities did not sustain significant damage, but over 700,000 customers lost power. The revenue lost during the five day power restoration period was offset by the revenues generated because of warmer than normal weather in the third quarter of 2005.[8]

Operating Income Breakdown for Electric Transmission and Distribution[9] (in $millions)
2007 2006 2005
Operating Revenue 1,837 1,781 1,644
Total Expenses 1,276 1,205 1,157
Operating Income 561 576 487


Natural Gas Distribution

In 2006 CenterPoint saw it's operating income from natural gas distribution fall $51 million from 2005.[10] This can be explained by a decrease in gas usage because of milder weather ($30 million) and a $21 million write off of purchased gas costs prior to July 2004. In 2007 operating income shot up $94 million from 2006, which can be explained by a return to normal weather in 2007 ($33 million), an addition of over 38,000 gas customers ($9 million) and changes in operating and maintenance efficiency.[11]

Operating Income Breakdown for Electric Transmission and Distribution[12] (in $millions)
2007 2006 2005
Operating Revenue 3,759 3,593 3,846
Total Expenses 3,541 3,469 3,671
Operating Income 218 124 175


Net Income Breakdown [13] (in $millions)
2007 2006 2005
Operating Revenue 9,623 9,319 9,722
Operating Income 1,185 1,045 939
Net Income 399 432 252



<autowikidata/>

References

  1. CNP Website - About Us
  2. CNP Website - Company Overview
  3. CNP's 2007 10-k p.35
  4. CNP's 2007 10-k p.43
  5. CNP's 2007 10-k p.44
  6. CNP's 10-k p.44
  7. CNP's 10-k p.44
  8. CNP's 10-k p.44
  9. CNP's 2007 10-k p.41
  10. CNP's 2007 10-k p.45
  11. CNP's 2007 10-k p.45
  12. CNP's 2007 10-k p.41
  13. CNP's 2007 10-k p.41
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