CenterPoint Management Meeting: No Urgency To Sell or Spin Enable
We are reaffirming our narrow moat and stable moat trend ratings, along with our $22 fair value estimate for CenterPoint Energy after meeting with senior management at the Edison Electric Institute Financial Conference in Phoenix, Arizona. Management advised they had not set a timetable for deciding on the potential sale or spin-off of Enable and we did not sense any urgency that would result in a fire sale price.CenterPoint management continues to be pleased with Enable's performance and espec...
CenterPoint Energy owns interests in Enable Midstream Partners, LP. The company's subsidiaries own and operate electric transmission and distribution, electric generation and natural gas distribution facilities, supply natural gas to commercial and industrial customers and electric and natural gas utilities and provide underground pipeline construction and repair services, energy performance contracting and sustainable infrastructure services. The company's segments include: Houston Electric T&D, which consists of electric transmission and distribution services in the Texas Gulf Coast area; and Energy Services, which consists of non-rate regulated natural gas sales and services operations.
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