S&P puts CenterPoint on positive watch

Standard & Poor's said it placed its corporate credit and issue ratings on CenterPoint Energy, CEHE, and CERC on CreditWatch with positive implications.

"The CreditWatch status of CenterPoint, CEHE, and CERC reflects the potential for higher ratings resulting from the strengthening of the consolidated business and financial risk profiles. CenterPoint will contribute all of its higher risk midstream assets to a joint venture with OGE, leaving the company with ownership of fully regulated electric and gas distribution utility operations as well as a retail gas supply business," said S&P credit analyst Dimitri Nikas in a news release.

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