CenterPoint Energy Field Services proposes new gathering system in Mississippi Lime area
2012-01-30T06:00:00Z

HOUSTON - Jan. 30, 2012 - CenterPoint Energy Field Services, LLC (CEFS), an indirect, wholly-owned natural gas gathering and treating subsidiary of CenterPoint Energy, Inc. (NYSE:CNP), announced today that it has begun initial routing activities for a proposed gas gathering and processing system in the heart of the Mississippi Lime area of north central Oklahoma and south central Kansas. The proposed White Eagle Gathering System would include up to 300 miles of high-pressure gas gathering lines and up to 200 million cubic feet per day of processing capacity with amine treating and nitrogen removal, depending on customer requirements.

The proposed system would interconnect to intrastate and interstate markets with natural gas liquids deliveries to the Medford Hub in Grant Co., Okla. Additional ancillary gathering and transportation services, such as low pressure service at producer interconnects, a crude oil pipeline with interim trucking options or electric service for submersible pumps, could also be provided.

“The White Eagle Gathering System would provide critical take-away capacity for the growing natural gas, NGL and crude oil production in the Mississippi Lime formation,” said Bill May, senior vice president and chief commercial officer of CEFS. “This project would further solidify CEFS’s position as one of Oklahoma’s premier midstream companies and one of the largest independent midstream service providers in the shale plays of the mid-continent region.”

The proposed project is scalable and the level of capital investment will depend on producer interest. Contingent on ultimate customer commitments, portions of the system could be operational later this year or early next year.

For more information contact Robert Redding, vice president of Marketing and Business Development at (918) 382-5102, or Tony Bouso, director of Marketing and Business Development at (318) 429-2825.

CEFS owns and operates approximately 3,900 miles of gathering pipelines and processing plants that collect, treat and process approximately 2.6 billion cubic feet per day of natural gas from approximately 150 separate systems located in major producing fields in Arkansas, Louisiana, Oklahoma and Texas.

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 nearly $21 billion. With about 8,800 employees, CenterPoint Energy and its predecessor companies have been in business for more than 135 years. For more information, visit the website at www.CenterPointEnergy.com.

This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual events and results may differ materially from those expressed or implied by these forward-looking statements. The statements in this news release regarding the expected scope and timing for completion of the proposed system and any other statements that are not historical facts are forward-looking statements. Each forward-looking statement contained in this news release speaks only as of the date of this release. Factors that could affect actual results include the financial performance and other factors discussed in CenterPoint Energy's Annual Report on Form 10-K for the fiscal year ended December 31, 2010, and Forms 10-Q for the quarters ended March 31, 2011, June 30, 2011, and September 30, 2011, and other reports CenterPoint Energy or its subsidiaries may file from time to time with the Securities and Exchange Commission.

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MPHA, SRC, and CenterPoint Energy Announce Weatherization Assistance Pilot Program for Glendale Townhomes

​Sustainable Resources Center, Inc. (SRC), CenterPoint Energy, and the Minneapolis Public Housing Authority (MPHA) are pleased to announce a partnership to pursue weatherization and energy-efficiency improvements to Glendale Townhomes.

Glendale is a development of 184 family townhomes in the Prospect Park neighborhood of Minneapolis. It was built in 1952, making it the oldest major public housing property in Minneapolis. "These townhomes were built without many of the features and materials we would use today to best protect against our Minnesota winters," said Mary Boler, MPHA’s Managing Director of Low Income Public Housing. "The enhancements we can put in place over time, with these partners, should help us improve interior comfort and create real energy savings."

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The weatherization and energy-efficiency measures will likely include wall and attic insulation, weather-stripping of doors and windows, and caulking at critical junctures. Additional enhancements could include cleaning, repair, or replacement of furnaces, water heaters, and vent fans, as well as installing smart thermostats and LED light bulbs.

"We have worked hard and faced considerable expense over the years to keep Glendale, like all of our properties, as comfortable as possible all throughout the year," said MPHA’s Director of Facilities and Development, Tim Gaetz. "In the coming months, we will be exploring how we can leverage this unique, three-way partnership to continue that commitment to the residents of Glendale."

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In 2003, President George W. Bush established the President's Council on Service and Civic Participation (the Council) to recognize the valuable contributions volunteers make in communities and encourage more people to serve. The Council created the President's Volunteer Service Award program as a way to thank and honor individuals who, by their demonstrated commitment and example, inspire others to engage in volunteer service. In 2006, Junior Achievement became an official certifying organization for this award, which recognizes corporations with a U.S. presence that provide volunteers to teach JA programs anywhere in the world.

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"Respect for the communities in which we operate is a core value upon which CenterPoint Energy has operated for many years," said Scott Prochazka, president and chief executive officer for CenterPoint Energy and JA of Southeast Texas board member. "Our company works with the communities we serve to enhance quality of life in the areas of community development, health and human services and education."

To learn more about what CenterPoint Energy is doing in your community, visit CenterPointEnergy.com/Community.

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