Financial Astrology of CenterPoint Energy

FINANCIAL ASTROLOGY

First Trade Date for CenterPoint Energy

Company Name	First Trade Date (yyyy-mm-dd)
CenterPoint Energy	1970-01-02

Company Name	Symbol
CenterPoint Energy	CNP
History and Business of Company (this information may include date of incorporation)
We are a public utility holding company that became the parent of Reliant Energy, Incorporated (Reliant Energy) and its subsidiaries on August 31, 2002 as part of a corporate restructuring of Reliant Energy (the Restructuring). Prior to the Restructuring, Reliant Energy was an operating integrated electric utility, a utility holding company for local gas distribution companies and the parent company of a group of companies providing energy and energy services on a non-utility basis primarily in North America and Western Europe. Reliant Energy's non-utility wholesale and retail energy operations were conducted principally through Reliant Resources, Inc. (Reliant Resources) and its subsidiaries. On September 30, 2002, we distributed to our shareholders the approximately 83% ownership interest we held in our subsidiary, Reliant Resources, effectively divesting our ownership of our unregulated businesses (Reliant Resources Distribution). The Restructuring implemented certain requirements of the Texas electric restructuring law described below. We are the successor to Reliant Energy for financial reporting purposes under the Securities Exchange Act of 1934. Our indirect wholly owned operating subsidiaries own and operate electric transmission and distribution facilities, natural gas distribution facilities and natural gas pipelines. Our publicly traded subsidiary, Texas Genco Holdings, Inc. (Texas Genco), operates electric generation plants. Our indirect wholly owned subsidiaries include: - CenterPoint Energy Houston Electric, LLC (CenterPoint Houston), which engages in Reliant Energy's former electric transmission and distribution business in a 5,000-square mile area of the Texas Gulf Coast that includes Houston; and - CenterPoint Energy Resources Corp. (CERC Corp. and, together with its subsidiaries, CERC), which owns gas distribution systems that together form one of the United States' largest natural gas distribution operations in terms of the number of customers served. Through wholly owned subsidiaries, CERC also owns two interstate natural gas pipelines and gas gathering systems and provides various ancillary services. We also have an approximately 81% ownership interest in Texas Genco, which owns and operates the Texas generating plants that were formerly part of the integrated electric utility that was part of Reliant Energy. We distributed approximately 19% of the outstanding common stock of Texas Genco to our shareholders on January 6, 2003. We are a registered holding company, subject to regulation, with our subsidiaries, under the Public Utility Holding Company Act of 1935 (1935 Act). The 1935 Act directs the SEC to regulate, among other things, transactions among affiliates, sales or acquisitions of assets, issuance of securities, distributions and permitted lines of business. The executive offices of CenterPoint Energy are located at 1111 Louisiana, Houston, Texas 77002 (telephone number 713-207-1111). We make available free of charge on our Internet website our annual report on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934 as soon as reasonably practicable after we electronically file such reports with, or furnish them to, the SEC. Our web site address is http://www.centerpointenergy.com. In June 1999, the Texas legislature enacted a law that substantially amended the regulatory structure governing electric utilities in Texas in order to allow retail electric competition. We refer to this legislation as the "Texas electric restructuring law." Under this law, integrated electric utilities were required to restructure their businesses to separate their generation, transmission and distribution and retail functions into separate units, and sales by power generators such as Texas Genco and retail sales of electricity (which are now conducted by subsidiaries of Reliant Resources and not by us) ceased to be subject to traditional cost-based regulation as of January 1, 2002. Also under this law, our transmission and distribution subsidiary, CenterPoint Houston, remains subject to cost-based rate regulation and recovers the cost of its service through an energy delivery charge approved by the Public Utility Commission of Texas (Texas Utility Commission) and not as a component of the prior bundled rate. Texas Genco sells its available generation capacity, energy and ancillary services at prices determined by the market. None of our businesses sell electricity and related services to end users of electricity. Accordingly, we no longer operate under the bundled regulated rates in effect prior to 2002, so there are no meaningful comparisons for these business segments against prior periods.

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