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2013 Year Highlights
  • Scott M. Prochazka named President and CEO
  • Total shareholder return of 24.7% compared to S&P 500 Utility Index of 13.2%
  • Strong financial and operational performances from our utility businesses
    • Sustained strong economic activity with the addition of approximately 45,000 customers and continued 3rd party interest in access to our transmission rights-of-way for our electric utility
    • Rate changes and cost management efforts led to one of the strongest overall performances for our natural gas utilities
    • Invested nearly $1.2 billion in our utility operations, up 22 percent from 2012, to address increasing demands associated with system safety, reliability, growth and ongoing maintenance
  • Formed Enable Midstream Partners with contribution of Interstate Pipelines and Field Services businesses
    • On-going ownership interest in Enable Midstream is expected to provide attractive investment returns and cash flows
  • Consolidated external debt reduction of approximately $1 billion resulting in savings of approximately $71 million of annualized interest expense, excluding securitization bonds
  • Increased dividend 14.5% in January 2014, resulting in 9 consecutive years of dividend growth
  Stock Quote
NYSE:CNP       Aug 29, 2014
$24.84     4:02 PM ET

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