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A brief history of CenterPoint Energy


  • Houston Industries changed its name to Reliant Energy Inc. on February 2. Its distribution companies became Reliant Energy HL&P, Reliant Energy Entex, Reliant Energy Arkla and Reliant Energy Minnegasco.
  • Don D. Jordan announced that after 43 years with the company he was stepping down as CEO but would remain as Chairman until Dec. 31, 2000, then on December 1 declared that he would leave the Chairman's job a year earlier on Dec. 31, 1999.


  • Houston Industries Incorporated and NorAm Energy Corp. completed their merger on August 6 to become one of the largest integrated energy companies in the United States.


  • Houston Industries announced an agreement to acquire NorAm Energy Corp. in a deal valued at $3.8 billion.


  • NorAm Energy Services began marketing wholesale electric power nationwide. NorAm Energy Management was established for retail energy marketing, and the gas gathering assets were unbundled and transferred to NorAm Field Services.


  • Arkla, Inc. shareholders approved a name change to become NorAm Energy Corp.


  • Houston Industries formed the subsidiary, Houston Industries Energy Inc.
  • Arkla, Inc. and Minnegasco sold Nebraska properties to Utilicorp United, Inc.


  • Arkla, Inc., acting through its Minnegasco division, traded its South Dakota assets for Midwest Gas Company's Minnesota assets.


  • Arkla, Inc. merged with Diversified Energies, Inc. and Minnegasco, Inc. became Minnegasco, a Division of Arkla, Inc.