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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...
Aug 8, 2002
HOUSTON, TX - The Board of Directors of Reliant Energy, Incorporated (NYSE: REI) today declared a regular quarterly cash dividend of $0.16 per share of common stock payable on September 10, 2002, to holders of record as of the close of business on August 19, 2002. This equates to an annual dividend of $0.64 per share of common stock."We...
Aug 8, 2002
Reliant Energy, Incorporated (NYSE:REI) announced that its board of directors has received favorable solvency opinions for both Reliant Energy and its 83 percent owned subsidiary, Reliant Resources, Inc. (NYSE:RRI), in connection with the anticipated spin-off of the shares of Reliant Resources to the shareholders of Reliant Energy. The opinions wer...
Jul 31, 2002
HOUSTON, TX. - Reliant Energy, Incorporated (NYSE:REI) announced today that the Internal Revenue Service has issued a supplemental ruling confirming that the spin-off of Reliant Resources, Inc. (NYSE:RRI), its 83 percent owned subsidiary, will be tax-free to Reliant Energy and its shareholders assuming the spin-off is completed within six months....
Jul 25, 2002
Houston, TX. - Reliant Energy, Incorporated (NYSE: REI) today reported net income for the second quarter of 2002, of $236 million, or $0.79 per diluted share, compared to net income of $316 million, or $1.08 per diluted share, for the second quarter of 2001. Reliant Energy's earnings reflect its approximately 83 percent interest in Reliant Resource...
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