Investment-blog.net: Stocks, Emerging markets, Bonds, Currencies and Commodities

CenterPoint Energy - Mississippi River Transmission Signs 5-year Extension to Laclede Contract

Apr 4, 2008 Market Outlook

CenterPoint Energy - Mississippi River Transmission Signs 5-year Extension to
Laclede Contract

HOUSTON, Apr 4, 2008 (PrimeNewswire via COMTEX) — CenterPoint Energy -
Mississippi River Transmission Corporation (MRT), an indirect, wholly-owned
interstate natural gas pipeline subsidiary of CenterPoint Energy, Inc. (CNP),
announced today a 5-year extension of its firm transportation and storage
contracts with Laclede Gas Company, its largest customer.

These contracts provide Laclede nearly 665,000 dekatherms daily of transportation
capacity and 23.5 billion cubic feet of storage to serve the St. Louis market.
Laclede is the largest natural gas distribution utility in Missouri, serving more
than 630,000 residential, commercial, and industrial customers in St. Louis and
surrounding counties of eastern Missouri.

“We’re pleased to have this opportunity to continue to serve Laclede’s needs,”
said Cy Zebot, senior vice president and chief commercial officer for CenterPoint
Energy. “We appreciate Laclede’s confidence in our ability to deliver safe and
reliable natural gas to serve their customers.”

CenterPoint Energy, Inc., headquartered in Houston, Texas, is a domestic energy
delivery company that includes electric transmission & distribution, natural gas
distribution, competitive natural gas sales and services, interstate pipelines
and field services operations. The company serves more than five million metered
customers primarily in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma, and
Texas. Assets total over $17 billion. With about 8,600 employees, CenterPoint
Energy and its predecessor companies have been in business for more than 130
years. For more information, visit the Web site at
http://www.CenterPointEnergy.com.

The CenterPoint Energy logo is available at
http://www.primenewswire.com/newsroom/prs/?pkgid=3588

This news release includes forward-looking statements. Actual events and results
may differ materially from those projected. The statements in this news release
regarding future financial performance and results of operations and other
statements that are not historical facts are forward-looking statements. Factors
that could affect actual results include the timing and outcome of appeals from
the true-up proceedings, the timing and impact of future regulatory, legislative
and IRS decisions, effects of competition, weather variations, changes in
CenterPoint Energy’s or its subsidiaries’ business plans, financial market
conditions, the timing and extent of changes in commodity prices, particularly
natural gas, the impact of unplanned facility outages, and other factors
discussed in CenterPoint Energy’s and its subsidiaries’ Form 10-Ks for the period
ended December 31, 2007, and other filings with the Securities and Exchange
Commission.

Did you like this? If so, please bookmark it, about it, and subscribe to the blog RSS feed.

Possibly Related Posts:

• Depression? Oversold? Just the beginning? Close to the end? You will find zero guidance from quality analysts.
• A List of ETFs You Should Know In Stock Market
• Florida pension fund loses a quarter its value
• Good bye to U.S dollar. Say hello to Gold and Amero
• S&P 500 losses nearly $1 trillion more than 2000-02

Did you like this? If so, please bookmark it, about it, and subscribe to the blog RSS feed.