Feb. 3 –CenterPoint Energy, the Houston-based regulated utility, said Monday it will sell its infrastructure services business to Atlanta-based infrastructure company PowerTeam Services for $850 million in cash. CenterPoint will use the money from the sale of natural gas distribution and transmission pipeline contracting firms Miller Pipeline and Minnesota Limited to repay a portion of its outstanding debt. The sale also will streamline CenterPoint’s operations so the company can focus on its core utility businesses. CenterPoint predicts that the contribution from utility earnings will increase to more than 80 percent over the next few years.
Is a policy analyst consultant for TCAP, a coalition of political subdivisions in Texas that purchase electricity in the deregulated market for their own governmental use. Because energy costs are typically a significant budget item to our members, TCAP is consistently looking for ways to save our members money, through cost-saving contracts, energy efficiency or demand response programs.