Published: April 4, 2016 |

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CenterPoint Energy Services, Inc., (CES) an indirect, wholly-owned subsidiary of CenterPoint Energy, Inc., has closed on an agreement to acquire the retail energy services business of Continuum Retail Energy Services, LLC, including its wholly-owned subsidiary Lakeshore Energy Services, LLC. The acquisition also includes the natural gas wholesale assets of Continuum Energy Services, LLC.

“With similar business models and a commitment to customer service, this transaction positions us to have access to more markets and efficiently grow our customer base by more than 30 percent across 26 states. Continuum has built an impressive business, and this acquisition complements our overall natural gas business strategy. Our complementary operational and geographic footprints provide us with the kind of scale, geographic reach, and expanded capabilities that will enable us to compete and grow, while maintaining a focus on customer service,” said Joe Vortherms, vice president of CES.

With the addition of these businesses, CES now operates in 26 states serving nearly 24,000 commercial and industrial customers, and more than 65,000 individual Choice customers. CES will be ranked as one of the nation’s top 15 natural gas marketers based on volume.

About CenterPoint Energy
CenterPoint Energy, Inc., headquartered in Houston, Texas, is a domestic energy delivery company that includes electric transmission & distribution, natural gas distribution and energy services operations. The company serves more than five million metered customers primarily in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma, and Texas. The company also owns a 55.4 percent limited partner interest in Enable Midstream Partners, a publicly traded master limited partnership it jointly controls with OGE Energy Corp., which owns, operates and develops natural gas and crude oil infrastructure assets. With more than 7,400 employees, CenterPoint Energy and its predecessor companies have been in business for more than 140 years.

To stop by CenterPoint Energy’s website, CLICK HERE

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