February 2016, Vol. 243, No. 2

Features

CenterPoint Announces Possible Sale of Enable Midstream Partners

Natural gas and electric utility CenterPoint Energy said on Monday it will consider “strategic options” for its pipeline company, Enable Midstream Partners, including a spinoff or sale. “We believe that now is the right time to explore options for unlocking the value of our strategic investment, reflecting our continuous commitment to drive value for shareholders,” said Scott M. Prochazka, president and CEO of CenterPoint. The decision follows at $363 million investment on Friday by CenterPoint in Enables preferred securities. CenterPoint owns a 50% general partnership interest and 55.4% limited partnership interest in Enable, a publicly traded master limited partnership (MLP), which is j

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