Based in Houston, Texas, CenterPoint Energy, Inc. (CNP) is a public utility holding company that provides electric transmission & distribution, natural gas distribution, and competitive natural gas sales and services operations. Valued at a market cap of $18.1 billion, the company’s important subsidiaries include Houston Electric, CERC Corp., and Vectren.
Companies valued at $10 billion or more are generally described as “large-cap” stocks, and CenterPoint Energy fits this criterion perfectly. The company serves more than seven million metered customers and owns approximately 348 substations. It is renowned for its reliability, sustainability, and emergency preparedness. It runs annual drills to prepare for major weather events and educates operations leaders about emergency response methods.
