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CenterPoint Energy 2008 Web Pages and Ethics and Compliance Code

For More Information
To learn more about how we score, what topics are considered in the evaluation, and what score we assigned in each topic, click here: View the completed PSI scoring sheet

Analyst Comments
Aside from an environmental policy statement and a few external environmental awards, CenterPoint Energy does very little to demonstrate a commitment to sustainability within the company. There are descriptions of initiatives to reduce customer consumption of energy and water, however there is nothing about the company’s use of these resources itself. Also lacking is any discussion of challenges such as global warming, ecosystem conservation, and any quantitative data regarding environmental and social performance and investment. The saving grace of the company’s reporting is its social initiatives, including solid programs for community education, supplier diversity, and employee volunteerism. CenterPoint has much work to do to raise its score. A reasonable place to start would be to describe organization and management in place to deal with environmental and safety protection, beyond just saying that the basic policies should be followed. It needs to discuss whether an environmental management system exists. A major benefit would be had by reporting all the numerical information that demonstrates the company’s performance, including energy use, water use, recycling rates, recordable incident rate etc. Because CenterPoint has received several awards for environmental and social performance, it seems that it must have much of the aforementioned organization and data. However, without any specific reporting, it cannot be said how well the company is actually doing in these areas. Analyzed by Karen de Wolski, and posted to the web on 9/16/2008.

Company Description
Welcome to CenterPoint Energy. We're a company with more than 5 million metered customers and a long history of service. CenterPoint Energy is composed of an electric transmission and distribution utility serving the Houston metropolitan area, local natural gas distribution businesses in six states, a competitive natural gas sales and service business serving customers in the eastern half of the U.S., interstate pipeline operations with two natural gas pipelines in the mid-continent region, and a field services business with natural gas gathering operations, also in the mid-continent region. We're an established company with substantial assets that are managed by experienced people. CenterPoint Energy's vision is to be recognized as America's leading energy delivery company … and more. We know that reliable energy is not a luxury. It's up to us to keep the lights on and to provide clean natural gas for homes, factories and businesses. Our long tradition of dedication and hard work adds up to a company of people who are always there for our customers and neighbors, for our employees and their families, and for our shareholders.

Overall Scores

The letter grades reported below are based on all reports irrespective of year of the same sector in the database and may be slightly different from the grades in the individual sector reports, which are based on scores of companies in just that report.

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