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Released May 07, 2018 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Higher costs and lower demand have been troubling many U.S. utilities and their holding companies, and CenterPoint Energy Incorporated (NYSE:CNP) (Houston, Texas) is no exception. With public and private energy-efficiency measures and other factors reducing power consumption, CenterPoint proposed last month to expand its reach with the acquisition of Vectren Corporation (NYSE:VVC) (Evansville, Indiana). Industrial Info is tracking nearly $1.3 billion in active projects from CenterPoint and more than $1 billion from Vectren.
Click on the image at right for a graph detailing CenterPoint's active projects, by industry.
Although CenterPoint's first-quarter revenues increased 15% from the same period last year to $3.2 billion, net income dropped 14% to $165 million, largely due to a 20% increase in costs. Capital expenditures totaled $323 million, compared with $298 million in first-quarter 2017. CenterPoint services Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma and Texas, and the addition of Vectren would expand its footprint into Indiana and Ohio.
The utility business accounts for more than half of CenterPoint's revenues, but its Oil & Gas Pipeline business lays claim to the company's highest-valued projects, in particular two major projects in Oklahoma: the $275 million Kingfisher Extension project, which runs about 210 miles from Bennington to Kingfisher, and the $210 million Cana and STACK Expansion (CaSE) project, which runs 140 miles from Okarche to Bennington. The Kingfisher line would carry about 200 million standard cubic feet per day of natural gas, while the CaSE line would carry between 200 million and 400 million standard cubic feet per day.
The Kingfisher Extension would be supported by a $35 million compressor station near Bennington, a $35 million compressor station near Wynnewood and a $35 million compressor station near Norman. The CaSE line would be supported by a $210 million compressor station near Okarche and a $35 million compressor station near Davis. Both projects are expected to kick off in the summer of 2019 and to be completed in early 2020. For more information, see Industrial Info's project reports on the Kingfisher Extension and its Bennington, Wynnewood and Norman stations, and the CaSE line and its Okarche and Davis stations.
In Texas, CenterPoint is proposing a $160 million Freeport-to-Wharton transmission line, which would run 48 miles from the existing Jones Creek Substation to the new, $60 million Bailey Substation. The company also is proposing $30 million in upgrades at the Jones Creek Substation to bolster the project through the addition of transformers and brakes. Still in its analysis phase, the project would not begin construction until the first quarter of 2020, at the earliest. For more information, see Industrial Info's project reports on the Freeport-to-Wharton line, the Bailey Substation and the Jones Creek upgrades.
With its addition of Vectren, CenterPoint will pick up numerous projects in southern Indiana, which is serviced by Vectren subsidiary Southern Indiana Gas & Electric. The utility is proposing a $1.01 billion overhaul of the A.B. Brown Power Station in Mount Vernon, which would turn the coal-fired facility into an 844-MW, natural gas-fired, combined-cycle (NGCC) plant. As currently designed, it would comprise a pair of combustion turbines and a steam turbine. For more information, see Industrial Info's project report.
Also in southern Indiana, Vectren is proposing a $41 million transmission line from Huntingburg to Lewisburg, Kentucky, running 33 miles, and a $16 million Solar and Battery Energy-Storage Facility in Evansville, which would generate 2 MW from 8,000 fixed-tilt, mono-crystalline solar panels. Vectren also services Ohio. For more information, see Industrial Info's project reports on the transmission line and energy-storage facility.
CenterPoint expects to close its acquisition of Vectren in the first quarter of 2019.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
Click on the image at right for a graph detailing CenterPoint's active projects, by industry.Although CenterPoint's first-quarter revenues increased 15% from the same period last year to $3.2 billion, net income dropped 14% to $165 million, largely due to a 20% increase in costs. Capital expenditures totaled $323 million, compared with $298 million in first-quarter 2017. CenterPoint services Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma and Texas, and the addition of Vectren would expand its footprint into Indiana and Ohio.
The utility business accounts for more than half of CenterPoint's revenues, but its Oil & Gas Pipeline business lays claim to the company's highest-valued projects, in particular two major projects in Oklahoma: the $275 million Kingfisher Extension project, which runs about 210 miles from Bennington to Kingfisher, and the $210 million Cana and STACK Expansion (CaSE) project, which runs 140 miles from Okarche to Bennington. The Kingfisher line would carry about 200 million standard cubic feet per day of natural gas, while the CaSE line would carry between 200 million and 400 million standard cubic feet per day.
The Kingfisher Extension would be supported by a $35 million compressor station near Bennington, a $35 million compressor station near Wynnewood and a $35 million compressor station near Norman. The CaSE line would be supported by a $210 million compressor station near Okarche and a $35 million compressor station near Davis. Both projects are expected to kick off in the summer of 2019 and to be completed in early 2020. For more information, see Industrial Info's project reports on the Kingfisher Extension and its Bennington, Wynnewood and Norman stations, and the CaSE line and its Okarche and Davis stations.
In Texas, CenterPoint is proposing a $160 million Freeport-to-Wharton transmission line, which would run 48 miles from the existing Jones Creek Substation to the new, $60 million Bailey Substation. The company also is proposing $30 million in upgrades at the Jones Creek Substation to bolster the project through the addition of transformers and brakes. Still in its analysis phase, the project would not begin construction until the first quarter of 2020, at the earliest. For more information, see Industrial Info's project reports on the Freeport-to-Wharton line, the Bailey Substation and the Jones Creek upgrades.
With its addition of Vectren, CenterPoint will pick up numerous projects in southern Indiana, which is serviced by Vectren subsidiary Southern Indiana Gas & Electric. The utility is proposing a $1.01 billion overhaul of the A.B. Brown Power Station in Mount Vernon, which would turn the coal-fired facility into an 844-MW, natural gas-fired, combined-cycle (NGCC) plant. As currently designed, it would comprise a pair of combustion turbines and a steam turbine. For more information, see Industrial Info's project report.
Also in southern Indiana, Vectren is proposing a $41 million transmission line from Huntingburg to Lewisburg, Kentucky, running 33 miles, and a $16 million Solar and Battery Energy-Storage Facility in Evansville, which would generate 2 MW from 8,000 fixed-tilt, mono-crystalline solar panels. Vectren also services Ohio. For more information, see Industrial Info's project reports on the transmission line and energy-storage facility.
CenterPoint expects to close its acquisition of Vectren in the first quarter of 2019.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
