CenterPoint Energy 2006 Annual Report Download - page 7

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CENTERPOINT ENERGY OFFICERS [standing from left to right] Byron R. Kelley, Joseph B. McGoldrick, Gary L. Whitlock, Georgianna Nichols, Thomas R. Standish,
David M. McClanahan, Wayne D. Stinnett and Scott E. Rozzell.
Milton Carroll
Chairman
David M. McClanahan
President and CEO
Investing in Tomorrow
Looking toward the future, we’re laying the ground-
work for continued improvement and growth.
• We streamlined our regulated operations by
consolidating our call centers and eliminating
duplicate functions, management positions
and facilities.
• We have nearly completed construction of Phase I
of our 172-mile Carthage to Perryville pipeline
and expect to put it in service in the second
quarter of 2007. Phase II is scheduled to be
completed by midyear.
• With our joint venture partner Spectra Energy,
we filed an application with the Federal Energy
Regulatory Commission to construct, own and
operate the Southeast Supply Header, a 270-mile
pipeline that will deliver secure natural gas
supplies to the Florida market. We expect to
begin construction in the fourth quarter of 2007
and place the pipeline in service during the
summer of 2008.
• We are investing in our workforce and have
analyzed our staffing levels to find ways to
optimize our labor resources, plan for upcoming
retirements and expand our leadership
development program.
• We are working with IBM to develop an intelligent
electric grid using broadband over power
lines technology. This exciting project has the
potential to significantly improve metering,
grid planning, and operation and maintenance
at our electric utility and to provide data to
enhance retail competition in Texas.
We have taken a disciplined approach to evaluating
and capturing promising opportunities presented
by today’s market environment and technology.
We will continue to maintain strong customer
relationships and respond to changing market
trends to ensure that our businesses are ready to
capitalize on new opportunities as they arise.
We are proud to say your company and its employees
performed well in 2006. We remain committed to
achieving our vision of being recognized as America’s
leading energy delivery company… and more.
We appreciate your confidence, and we will keep
striving to increase the value of your investment
every day.
Sincerely,
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