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Nov 12, 2002
Houston,TX - Nov. 12, 2002 - CenterPoint Energy, Inc. (NYSE: CNP) today announced that its electric utility subsidiary, CenterPoint Energy Houston Electric, LLC, has closed its previously announced $1.310 billion senior secured credit facility with Berkshire Hathaway (NYSE: BRK.A;BRK.B) and Credit Suisse First Boston.CenterPoint Energy,...
Nov 8, 2002
HOUSTON, TX - Nov. 8, 2002 - CenterPoint Energy, Inc. (NYSE: CNP) today announced that Berkshire Hathaway Inc. ("Berkshire Hathaway") (NYSE: BRK.A; BRK.B ) and Credit Suisse First Boston ("CSFB") have agreed to provide CenterPoint Energy Houston Electric, LLC, the company's electric utility subsidiary, with a $1.310 billion senior secured credit fa...
Nov 4, 2002
HOUSTON, TX - Nov. 4, 2002 - CenterPoint Energy, Inc. (NYSE: CNP) today said that Moody's Investors Service's decision to reduce its credit ratings and the ratings of its gas distribution subsidiary from Baa2 to Ba1 will not affect the company's commitment to its ultimate goal of reducing its level of debt and increasing its financial flexibility, ...
Oct 17, 2002
Houston, TX. - CenterPoint Energy, Inc. (NYSE: CNP), the new holding company for the regulated operations of the former Reliant Energy, Incorporated, today reported income from continuing operations before the cumulative effect of accounting change of $161 million, or $0.54 per diluted share for the third quarter of 2002. For the same period of 20...
Oct 11, 2002
HOUSTON, TX - CenterPoint Energy, Inc. (NYSE: CNP) said today it remains confident in its strong business fundamentals and its ability to implement its financing plans despite Standard & Poor's decision to reduce the company's corporate credit rating by one notch, to BBB from BBB+. The company continues to maintain investment-grade status....
Oct 11, 2002
Houston, TX,- CenterPoint Energy Inc. (NYSE: CNP) announced today that it has successfully negotiated new, one-year credit facilities totaling $4.7 billion with a syndicate of 30 banks. The facilities replace similar facilities that expired yesterday."This is excellent news for CenterPoint Energy," said David M. McClanahan, president an...
Oct 2, 2002
HOUSTON, TX - The Board of Directors of CenterPoint Energy, Incorporated (NYSE: CNP), formerly Reliant Energy, Inc., today declared a regular quarterly cash dividend of $0.16 per share of common stock payable on December 10, 2002, to holders of record as of the close of business on November 15, 2002. This equates to an annual dividend of $0.64 per...
Sep 24, 2002
HOUSTON, TX - On September 20, 2002, Reliant Energy, Incorporated (NYSE: REI) established 0.788603 as the distribution ratio for the previously declared distribution of Reliant Resources, Inc. (NYSE:RRI) common stock to the shareholders of Reliant Energy.Holders of record of Reliant Energy common stock as of the close of business on Sep...
Sep 5, 2002
HOUSTON, TX - The Board of Directors of Reliant Energy, Incorporated (NYSE: REI) today declared a special stock dividend through which Reliant Energy will spin off its interest in Reliant Resources, Inc. (NYSE:RRI) to its shareholders.Holders of record as of the close of business on September 20, 2002, will receive approximately 0.79 of...
Sep 5, 2002
HOUSTON, TX - The Board of Directors of Reliant Energy, Incorporated (NYSE: REI) today declared a special stock dividend through which Reliant Energy will spin off its interest in Reliant Resources, Inc. (NYSE:RRI) to its shareholders.Holders of record as of the close of business on September 20, 2002, will receive approximately 0.79 of...
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