HOUSTON – June 10, 2011 – CenterPoint Energy, Inc. (NYSE: CNP) today announced that the Texas Supreme Court has denied all motions for rehearing in its true-up appeal. The matter will now move to the Texas Public Utility Commission for action consistent with the Court’s March 18, 2011 decision.
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 more than $19 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 Web site at www.CenterPointEnergy.com.
This news release includes forward-looking statements. Actual events and results may differ materially from those projected. The statements in this news release regarding the anticipated future recovery as a result of the Texas Supreme Court’s decision, the estimated interest on such amounts and any other statements that are not historical facts are forward-looking statements. Factors that could affect actual results include the timing and outcome of any requests to the Texas Supreme Court for rehearing, future actions by the PUC in response to the Texas Supreme Court’s ruling and any future appeals thereof, the timing and impact of future regulatory, legislative, and IRS decisions, financial market conditions, and other factors discussed in CenterPoint Energy's and its subsidiaries' Form 10-K for the fiscal year ended December 31, 2010, and other filings with the Securities and Exchange Commission.