Centerpoint Energy
CenterPoint reported first-quarter (Q1 2018) earnings of $241 million ($0.55/share), compared with $160 million ($0.37/share) for the same period in 2017.
The Public Utility Commission of Texas (PUCT) approved Southwestern Public Service Company’s (SPS) request to build a wind farm in Texas, clearing the way for a project that will provide renewable energy and economic benefits to SPS customers in the Lone Star State and New Mexico.
CenterPoint Energy announced that it will acquire Vectren in an approximately $6 billion deal expected to close in the first quarter of 2019.
The cut in federal corporate income taxes figured prominently in fourth quarter earnings reports by OGE Energy, CenterPoint Energy and Entergy.
The Top 30 saw improved profits in Q3 over 2016, but revenues fell, and more than half of the companies saw their top and bottom lines shrink.
CenterPoint Energy executives said the company is in “late-stage discussions” over its Enable Midstream Partners gas-gathering and processing joint venture.
There was no shortage of superlatives as Texas utility executives briefed ERCOT on the impact of Hurricane Harvey and their recovery from it.
CenterPoint and OGE executives spent their respective earnings conference calls with analysts discussing their limited partnership, Enable Midstream.
OGE Energy hopes that a proposed legislative review of the Oklahoma Corporation Commission will relieve some of the company’s frustration.
CenterPoint Energy fell short of analysts’ expectations, reporting fourth-quarter net income of $101 million.
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