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In December 2011, the non-partisan organization Public Campaign criticized CenterPoint Energy for spending $2.65 million on lobbying and not paying any taxes during 2008–2010, instead getting $284 million in tax rebates, despite making a profit of $1.9 billion, and having an executive pay between $12 and $13 million for its top 5 executives. [20]
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It is the leading subsidiary of OGE Energy Corp. (NYSE: OGE), with headquarters in downtown Oklahoma City. OGE Energy is also the former parent of Enogex Inc., a natural gas pipeline business which merged with CenterPoint Energy's midstream business to form Enable Midstream in 2013, [4] in 2021 OGE and CenterPoint sold their general partnership ...
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So no matter which REP sells electricity to a consumer, CenterPoint Energy delivers it. Consumers can change REPs whenever they like, but CenterPoint Energy is the sole TDSP in the Houston area. It makes sense for TDSPs to remain regulated monopolies since it would be impractical (and unsightly) to have dozens of sets of powerlines and poles.
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