CenterPoint Energy Looking To Unlock Value


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CenterPoint Energy (CEQP), the Elliott Management activist investor target, is looking to unlock value at all costs.

It’s considering selling or spinning off its Enable Midstream Partners stake (owns 50% of general partner units). After that, it’ll be looking to convert its utility business into a REIT. The utility business accounts for ~20% of CEQP profits.

 

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