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

|About: CenterPoint Energy, Inc. (CNP)|By:, SA News Editor

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.