CenterPoint Energy
CenterPoint Energy, Inc. is a public utility holding company based in Houston, Texas, engaged in the delivery of energy services across various segments. The company provides electric transmission and distribution services, primarily serving over 2.5 million customers in the Houston area and southern Indiana. Its Natural Gas Distribution segment supplies regulated intrastate natural gas and transportation services to approximately 4 million customers, encompassing residential, commercial, and industrial sectors. Additionally, CenterPoint Energy's Energy Services division offers natural gas supplies and management services, while its Infrastructure Services segment focuses on underground pipeline construction and repair. The company also participates in midstream operations, providing natural gas and crude oil gathering and processing services, as well as pipeline transportation and storage. Founded in 1866, CenterPoint Energy plays a vital role in the energy sector, operating across multiple states including Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma, and Texas.
Past deals in Indiana
Vectren
Acquisition in 2018
Vectren Corporation is an energy holding company based in Evansville, Indiana, primarily engaged in providing natural gas and electric services in Indiana and Ohio. Incorporated in 1999, Vectren operates as a subsidiary of CenterPoint Energy, Inc. It manages three major utilities: Vectren Energy Delivery of Indiana - North, Vectren Energy Delivery of Indiana - South, and Vectren Energy Delivery of Ohio, serving a combined customer base of over a million. Vectren North caters to approximately 570,000 natural gas customers in central and southern Indiana, while Vectren South serves 142,000 electric and 111,000 gas customers in southwestern Indiana. VEDO provides services to about 314,000 natural gas customers in west central Ohio. The company's generation capacity is nearly 1,300 megawatts, including coal-fired, gas-fired, and renewable energy sources. Additionally, Vectren's Infrastructure Services division offers construction and repair services, contributing significantly to its overall revenue.
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