Centerpoint Energy, Inc (holding Co) · NYSE:CNP
Centerpoint Energy, Inc (holding Co) — Investor Presentation (March 2004)
17 slides from Centerpoint Energy, Inc (holding Co)'s investor presentation, Mar 3, 2004
Slide 1: Cautionary Statement Regarding Forward-Looking Information
Cautionary Statement Regarding Forward-Looking Information
Slide 2: Who is CenterPoint Energy?
Who is CenterPoint Energy?
Slide 3: One of the nation's largest combined gas and electric utilities
• One of the nation’s largest combined gas and electric utilities • Serving almost 5 million metered customers • Added over 85,000 metered electric and gas customers in 2003 • Owner of a balanced mix of electric and gas distribution, interstate pipeline and field services businesses • Asset and geog
Slide 4: Operating Income
Operating Income Operating Income Operating Income Operating Income 2003: $446 MM (1) 2003: $202 MM 2003: $158 MM 2003: $222 MM 2002: $399 MM (2) 2002: $198 MM 2002: $153 MM 2002: $(133) MM (1) excludes ECOM of $661 MM (2) excludes ECOM of $697 MM CenterPoint Energy Houston Electric Electric Transmi
Slide 5: Focused strictly on energy delivery
• Focused strictly on energy delivery • 5,000 square mile service area in and around Houston • Approximately 1.84 million metered customers • added nearly 47,000 metered customers in 2003, a 3% increase • Reputation for reliability and high quality service • No commodity risk or supply obligation •
Slide 6: Three LDCs serving million customers in states
• Three LDCs serving 3 million customers in 6 states • One of U.S.’s largest natural gas distribution operations in terms of number of customers served • Attractive service territories • Added over 38,000 metered customers in 2003 • Recognized for high quality service • Gas adjustment clauses mitiga
Slide 7: Two FERC-regulated pipelines
• Two FERC-regulated pipelines: • Current system at or near capacity at peak • Potential growth in cross haul transportation services • Potential expansion opportunity driven by U.S. supply shifts • An unregulated gas gathering subsidiary • Minor liquids exposure • Good growth potential overall; wel
Slide 8: Electric restructuring in Texas
Electric restructuring in Texas
Slide 9: Remaining transition steps - Monetization of Texas Genco
Remaining transition steps - Monetization of Texas Genco
Slide 10: Return on true-up amount and transition charge recovery
• The return on true-up amount allows recovery of interest on the final true-up amount up to the issuance of Securitization Bonds • A transition charge allows recovery of the principal and interest associated with the Securitization Bonds, amortized up to 15 years -
Slide 11: Our corporate vision is simple and focused
Our corporate vision is simple and focused:
Slide 12: Recent transactions enhance stability and liquidity
Recent transactions enhance stability and liquidity
Slide 13: Financial Results
Financial Results
Slide 14: 2003 Results
2003 Results Operating Income $ 1,691 Other Income Interest Expense* (934 ) Income Taxes (257 ) Minority Interest (29 ) Income from Continuing Operations** $ Income from Continuing Operations**, per diluted share $ 1.62 * includes distribution on Trust Preferred Securities ** before cumulative effec
Slide 15: 2002 Results
2002 Results Operating Income $ 1,333 Other Income (1 ) Interest Expense* (764 ) Income Taxes (199 ) Income from Continuing Operations** $ Income from Continuing Operations**, per diluted share $ 1.23 * includes distribution on Trust Preferred Securities ** before cumulative effect of accounting cha
Slide 16: Principal amounts of external debt and trust preferred securities
Principal amounts of external debt and trust preferred securities As of December 31, 2003
Slide 17: Debt footnotes
(1) Principal amount on which 2% interest is paid is $840 million. The debt component reflected on financial statements is $105 million. The contingent principal amount payable at maturity id $848.1 million. (2) The collateralized pollution control bonds aggregating $924 million are obligations of C
Centerpoint Energy — Investor Presentation (March 2004) on 6ix