CenterPoint Energy 2011 Annual Report Download

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Delivering
Results
Pursuing
Opportunities
2011 ANNUAL REPORT

Table of contents

  • Page 1
    Delivering Results Pursuing Opportunities 2011 ANNUAL REPORT

  • Page 2
    Delivering Results Our diverse businesses turned in solid operational and financial performances. We are implementing innovative solutions and operational efficiencies that are producing significant results for our customers and shareholders.

  • Page 3
    ... employees and the right capabilities to pursue strategic opportunities. The pursuit of new opportunities is the result of building a strong foundation. Electric Transmission & Distribution Natural Gas Distribution Interstate Pipelines Field Services Competitive Natural Gas Sales & Services...

  • Page 4
    ... Our electric transmission & distribution utility serves approximately 2.1 million metered customers in a 5,000-squaremile service territory in the Houston metropolitan area. Overview Together, smart meters and the intelligent grid will enable a new energy future. With leading-edge technology...

  • Page 5
    ...million meters in Houston and South Texas to drive-by metering, which will significantly improve meter reading productivity •฀Promote฀the฀adoption฀of฀natural฀ gas vehicles Pursuing Opportunities •฀Secure฀power฀generation฀business฀ through existing service upgrades and new...

  • Page 6
    ... YEARS ENDED DECEMBER 31(1) (2) â- CenterPoint Energy â- S&P 500 Utilities Index â- S&P 500 Index Assumes that the value of the investment in the common stock and each index was $100 on December 31, 2006, and that all dividends were reinvested. (2) Historical stock performance is not necessarily...

  • Page 7
    ...the 1999 law that restructured the Texas electric industry. As a result, we recovered nearly $1.7 billion in January 2012. The company is now in a stronger financial position than ever, and we are excited about the opportunities ahead. We reported record net income in 2011 of nearly $1.4 billion or...

  • Page 8
    ...in the greater Houston area. We are also deploying a system of new, remote-control sensors and automated switches that we call the "intelligent grid." Once completed in the middle of this decade, the intelligent grid will work with our smart meters to quickly identify outage locations, reroute power...

  • Page 9
    ..., Houston should remain a leader in economic growth and job creation. We are building the electric infrastructure to meet these new demands while continuing to lead the nation in the deployment of smart meters and intelligent grid technologies. Milton Carroll Chairman David M. McClanahan President...

  • Page 10
    Consumers will have even greater ability to manage their energy consumption with devices such as in-home energy monitors.

  • Page 11
    ... accelerated tree trimming and more frequent circuit and pole inspections. Further, we have initiated the design and construction of a secondary control and data center that will provide an essential level of redundancy and comply with new federal regulations. Pursuing Opportunities Our intelligent...

  • Page 12
    Customers enjoy the traditional use of clean-burning natural gas.

  • Page 13
    ... asset management agreements and revenue-sharing mechanisms in Arkansas, Louisiana and Oklahoma. Through these agreements, third-party companies pay us for the opportunity to manage certain gas storage assets, minimizing our financial risk. By focusing on our credit and collections practices...

  • Page 14
    At the 24-hour, state-of-the-art control center, employees monitor our 8,200-mile pipeline system.

  • Page 15
    ...business opportunities. In conjunction with the Interstate Natural Gas Association of America, we took a leadership role in the development of pipeline safety legislation, which was signed into law in early 2012. The new law updates and improves policy in several areas including integrity management...

  • Page 16
    Our midstream operations come together at the Carthage to Perryville pipeline at the Westdale compressor station.

  • Page 17
    .... Other upgraded technology applications will give us more timely and actionable information, which will provide us with greater daily optimization opportunities. Pursuing Opportunities CenterPoint Energy employees work around the clock at our Clear Lake compressor station in the Haynesville Shale...

  • Page 18
    ... and 13,000 residential accounts through state "choice" programs with our acquisition of a small marketing company. We have expanded into four new states, bringing our total number of states served to 21. Mobile Energy Solutions, which provides temporary natural gas delivery solutions for industrial...

  • Page 19
    ..., LLC, a management and business consulting company Susan O. Rheney, 52 Private investor and former Principal with The Sterling Group, a private financial and investment organization Sherman M. Wolff, 71 Former Executive Vice President and Chief Operating Officer, Health Care Service Corporation...

  • Page 20
    ... Counsel R. Poe Reed, 56 Division Senior Vice President and Chief Commercial Officer, Pipelines Kenneth M. Mercado, 49 Division Senior Vice President, Grid and Market Operations C. Dean Woods, 60 Vice President, Human Resources Jeff W. Bonham, 49 Vice President, Government Relations *Corporate...

  • Page 21
    ..., 1111 Louisiana Street, Houston, Texas. Shareholders who hold shares of CenterPoint Energy at the close of business on February 27, 2012, will receive notice of the meeting and will be eligible to vote. Information Requests Call (888) 468-3020 toll free for additional copies of: 2011 Annual Report...

  • Page 22
    1111 Louisiana Street Houston, TX 77002 CenterPointEnergy.com