8-KRegulation FDExhibits & Filings

CENTERPOINT ENERGY INC 8-K Report, Regulation FD Disclosure (Sep 9, 2009)

Filed September 9, 2009For Securities:CNP

Summary

CenterPoint Energy, Inc. (CNP) announced a significant development through its subsidiary, CenterPoint Field Services, Inc., on September 9, 2009. The company has secured long-term agreements with subsidiaries of EnCana and Shell to provide gathering and treating services for their natural gas production in the Haynesville Shale region. This strategic move is expected to capitalize on the growing production from this key shale play and enhance CenterPoint's midstream services segment. These agreements represent a positive step for CenterPoint Energy, indicating a commitment to expanding its natural gas infrastructure and services in a resource-rich area. Investors should view this as a potential driver for future revenue growth and improved operational efficiency within its natural gas operations, particularly through its subsidiary CERC.

Key Highlights

  • 1CenterPoint Energy's subsidiary, CenterPoint Field Services, Inc., entered into long-term agreements with EnCana and Shell subsidiaries.
  • 2The agreements are for providing gathering and treating services for natural gas production.
  • 3The services will support the growing production from the Haynesville Shale.
  • 4This expansion strengthens CenterPoint's position in the natural gas midstream sector.
  • 5The press release was furnished under Regulation FD and attached as Exhibit 99.1.
  • 6The agreements are expected to contribute to the growth of CenterPoint's natural gas distribution, sales, and pipeline services.

Frequently Asked Questions

The main purpose is for CenterPoint Field Services, Inc., a subsidiary of CenterPoint Energy Resources Corp. (CERC), to provide long-term gathering and treating services for the natural gas production of subsidiaries of EnCana and Shell in the Haynesville Shale region.

CenterPoint Field Services, Inc., a subsidiary of CenterPoint Energy Resources Corp. (CERC), is the entity that entered into these long-term agreements.

The Haynesville Shale is a significant natural gas-producing region, and these agreements allow CenterPoint Energy to leverage and benefit from the growing production originating from this area by providing essential midstream services.

This filing highlights CenterPoint Energy's strategic initiative to expand its natural gas infrastructure and services in a key growth area, suggesting potential for increased revenue and operational involvement in the natural gas value chain.