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CenterPoint Upgrades Their Existing PowerTax Solution

Atlanta, GA (October 18, 2012) For more than fifteen years, CenterPoint has utilized PowerPlan’s PowerTax management solution. Today they have announced their decision to newest version.

About CenterPoint Energy, Inc.:

CenterPoint Energy, Inc. (NYSE: CNP) operates as a public utility holding company. It engages in the transmission and distribution of electricity to retail electric providers (REPs), municipalities, electric cooperatives, and other distribution companies serving approximately 2 million metered customers in Texas. As of December 31, 2011, it owned 27,952 pole miles of overhead distribution lines and 3,716 circuit miles of overhead transmission lines. The company is also involved in regulated intrastate natural gas sales to, and natural gas transportation for approximately 3.3 million residential, commercial, and industrial customers; provides various unregulated services consisting of heating, ventilating, and air conditioning (HVAC) equipment and appliance repair; and sells HVAC, and hearth and water heating equipment. As of December 31, 2011, it owned approximately 72,000 linear miles of natural gas distribution mains. In addition, the company offers physical natural gas supplies to commercial and industrial customers, and electric and gas utilities; natural gas management services; physical delivery services and financial products; and storage and transportation services. It owns and operates approximately 8,000 miles of natural gas transmission lines primarily in Arkansas, Illinois, Louisiana, Missouri, Oklahoma, and Texas; and 6 natural gas storage fields. Further, CenterPoint Energy, Inc. provides operating and technical services, and remote data monitoring and communication services; and owns and operates approximately 3,900 miles of gathering lines and processing plants that collect, treat, and process natural gas. The company was founded in 1882 and is headquartered in Houston, Texas.

About PowerPlan: PowerPlan software provides financial insight into how complex rules and regulations impact your organization – empowering you to make credible decisions that improve overall corporate performance. The integrated solution provides complete visibility starting with forecasting and monitoring to scenario planning and analytics while maintaining financial compliance. For more information, email info@powerplan.com or visit www.powerplan.com.

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For more information contact:
Tiffany Smith
678.223.2711
pr@powerplan.com

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