CenterPoint Energy (NYSE: CNP) is a regulated electric and natural gas utility company that delivers electricity and natural gas to customers across multiple U.S. states. It makes money through regulated rate-based revenues, collecting tariffs set by state utility commissions for the transmission, distribution, and delivery of electricity and natural gas. The company operates two principal subsidiaries disclosed in its FY2025 10-K filing (filed 2026-02-19): CenterPoint Energy Houston Electric, LLC, which handles electric transmission and distribution in Texas, and CenterPoint Energy Resources Corp., which handles natural gas distribution. As a regulated utility, revenue is tied to rate cases and allowed returns on invested capital approved by regulators, giving the business predictable but capital-intensive economics. The company is incorporated and headquartered in Texas and lists its common stock on NYSE Texas.

Revenue model

Regulated tariff-based revenues collected from electricity transmission and distribution customers in Texas and natural gas distribution customers across multiple states, with rates set by state utility commissions.

Products and services

Electric transmission and distribution services (via CenterPoint Energy Houston Electric, LLC); natural gas distribution services (via CenterPoint Energy Resources Corp.); advanced metering systems (AMS); asset management agreements.

Customers and end markets

Residential, commercial, and industrial end-users receiving electricity and natural gas through regulated distribution networks in Texas and additional U.S. states served by the natural gas segment.

Value-chain role

Regulated transmission and distribution utility; last-mile energy delivery to end customers; does not generate electricity or produce natural gas.

Geographic exposure

Texas (electric transmission and distribution); multi-state U.S. footprint for natural gas distribution. Specific states beyond Texas are not enumerated in the available filing excerpts.

Source: SEC 10-K, filed 2026-02-19

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