CenterPoint Energy 2008 Annual Report Download - page 42

Download and view the complete annual report

Please find page 42 of the 2008 CenterPoint Energy annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 140

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140

20
contaminants. In addition, we have been named from time to time as a defendant in litigation related to such sites.
Although the ultimate outcome of such matters cannot be predicted at this time, we do not expect, based on our
experience to date, these matters, either individually or in the aggregate, to have a material adverse effect on our
financial condition, results of operations or cash flows.
EMPLOYEES
As of December 31, 2008, we had 8,801 full-time employees. The following table sets forth the number of our
employees by business segment:
Business Segment
Number
Number
Represented
by Unions or
Other Collective
Bargaining Groups
Electric Transmission & Distribution ................................................................
2,858
1,236
Natural Gas Distribution ................................................................................................
3,652
1,405
Competitive Natural Gas Sales and Services ................................................................
122
Interstate Pipelines ................................................................................................
654
Field Services ................................................................................................
215
Other Operations ................................................................................................
1,300
Total ................................................................................................
8,801
2,641
As of December 31, 2008, approximately 30% of our employees are subject to collective bargaining agreements.
One of the collective bargaining agreements covering approximately 5% of our employees, Gas Workers Union
Local No. 340, is scheduled to expire in 2009. We have a good relationship with this bargaining unit and expect to
negotiate a new agreement in 2009.
EXECUTIVE OFFICERS
(as of February 25, 2009)
Name
Age
Title
David M. McClanahan ....................................................
59
President and Chief Executive Officer and Director
Scott E. Rozzell ...............................................................
59
Executive Vice President, General Counsel and Corporate
Secretary
Gary L. Whitlock .............................................................
59
Executive Vice President and Chief Financial Officer
C. Gregory Harper ...........................................................
44
Senior Vice President and Group President, CenterPoint
Energy Pipelines and Field Services
Thomas R. Standish .........................................................
59
Senior Vice President and Group President Regulated
Operations
David M. McClanahan has been President and Chief Executive Officer and a director of CenterPoint Energy
since September 2002. He served as Vice Chairman of Reliant Energy, Incorporated (Reliant Energy) from October
2000 to September 2002 and as President and Chief Operating Officer of Reliant Energys Delivery Group from
April 1999 to September 2002. He previously served as Chairman of the Board of Directors of ERCOT, Chairman
of the Board of the University of St. Thomas in Houston and the Chairman of the Board of the American Gas
Association. He currently serves on the boards of the Edison Electric Institute and the American Gas Association.
Scott E. Rozzell has served as Executive Vice President, General Counsel and Corporate Secretary of
CenterPoint Energy since September 2002. He served as Executive Vice President and General Counsel of the
Delivery Group of Reliant Energy from March 2001 to September 2002. Before joining Reliant Energy in 2001,
Mr. Rozzell was a senior partner in the law firm of Baker Botts L.L.P. He currently serves on the Board of Directors
of the Association of Electric Companies of Texas.
Gary L. Whitlock has served as Executive Vice President and Chief Financial Officer of CenterPoint Energy
since September 2002. He served as Executive Vice President and Chief Financial Officer of the Delivery Group of
Reliant Energy from July 2001 to September 2002. Mr. Whitlock served as the Vice President, Finance and Chief
Financial Officer of Dow AgroSciences, a subsidiary of The Dow Chemical Company, from 1998 to 2001.