CenterPoint Energy 2008 Annual Report Download - page 14

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1,538 BCF
2008
939 BCF
2006
1,216 BCF
2007
Our interstate pipelines business
achieved its sixth consecutive year of
record earnings with operating income
of $293 million in 2008.
Drilling and production activity within
our footprint continues to provide system
expansion opportunities. Completion of
the third phase of our 172-mile Carthage
to Perryville pipeline in April 2008 brought
its capacity to 1.5 billion cubic feet per
day (Bcf/day). In September, gas began
flowing through our 270-mile Southeast
Supply Header, a joint venture with
Spectra Energy that has capacity for
1 Bcf/day. Also, we recently completed
our expansion projects and added the
Cove, Bierne and Poteau compressor
stations on existing pipelines. Overall,
we increased throughput by more than
25 percent over 2007, and producer
interest near our facilities remains high.
We tailor our services to meet regulatory,
customer and producer expectations,
and we anticipate benefiting from
improved planning and scheduling
processes. We increased our ability
to serve off-system customers located
on the east side of our system, added new
transportation and pooling services and
are securing regulatory approvals while
assessing customer interest for future
expansions. We renewed a contract for
an additional five years with one of our
largest customers, Laclede Gas Company.
Maintaining strong customer relationships
is an important driver of business results,
and we continue to be very pleased with our
customer satisfaction and retention rates.
CAPTURING
OPPORTUNITIES,
BUILDING
CONNECTIONS
INTERSTATE PIPELINES