CenterPoint Energy Services to be among top 15 natural gas marketers based on volume
Houston – April 1, 2016 – CenterPoint Energy Services, Inc., (CES) an indirect, wholly-owned subsidiary of CenterPoint Energy, Inc. (NYSE: CNP), has closed on a previously announced agreement to acquire the retail energy services business of Continuum Retail Energy Services, LLC, including its wholly-owned subsidiary Lakeshore Energy Services, LLC. The acquisition also includes the natural gas wholesale assets of Continuum Energy Services, LLC.
“With similar business models and a commitment to customer service, this transaction positions us to have access to more markets and efficiently grow our customer base by more than 30 percent across 26 states. Continuum has built an impressive business, and this acquisition complements our overall natural gas business strategy,” said Joe Vortherms, vice president of CES. “Our complementary operational and geographic footprints provide us with the kind of scale, geographic reach, and expanded capabilities that will enable us to compete and grow, while maintaining a focus on customer service.”
With the addition of these businesses, CES now operates in 26 states serving nearly 24,000 commercial and industrial customers, and more than 65,000 individual Choice customers. CES will be ranked as one of the nation’s top 15 natural gas marketers based on volume.< Back