CenterPoint (CNP +7.8%) and OGE Energy (OGE +10%) both hit multiyear highs on plans to combine...


CenterPoint (CNP +7.8%) and OGE Energy (OGE +10%) both hit multiyear highs on plans to combine pipeline and related assets into an MLP, providing a source of capital as they take advantage of oil and gas demand. The deal could pave the way for other utilities to follow suit; Tudor Pickering sees Sempra Energy (SRE), Dominion Resources (D) and NiSource (NI) as candidates to form similar partnerships.

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Comments (1)
  • toomuchgas
    , contributor
    Comments (991) | Send Message
     
    CNP has been a great company to own even before the latest news.
    15 Mar 2013, 09:52 PM Reply Like
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