Louisiana
CenterPoint Energy to sell Louisiana, Mississippi gas assets in $1.2B deal (NYSE:CNP)
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CenterPoint Energy (NYSE:CNP) said Tuesday it agreed to sell its Louisiana and Mississippi natural gas local distribution businesses to Bernhard Capital Partners for $1.2B.
The assets include ~12K miles of main pipeline in Louisiana and Mississippi serving 380K metered customers.
CenterPoint said the sale will not change its targeted utility non-GAAP earnings per share growth rate of 8% in 2024, and the mid-to-high end of 6%-8% annually during 2025-30.
“The transaction will allow us to optimize our portfolio of utility operations and efficiently recycle ~$1B in after-tax cash proceeds into our service territory, [and] redeploy ~$1B of future capital expenditures intended for Louisiana and Mississippi into jurisdictions with less regulatory lag,” President and CEO Jason Wells said.
CenterPoint (CNP) also reported Q4 adjusted earnings of $0.32/share, in line with analyst expectations, and reiterated FY 2024 EPS of $1.61-$1.63.
More on CenterPoint Energy
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Louisiana
Thinking of retiring in Louisiana? These are 5 best places to do so
Think tank proposes capping Social Security benefits at $100,000
A Washington think tank proposed capping annual Social Security benefits at $100,000 for couples as a way to shrink a looming deficit in the retirement trust fund.
When it comes to retiring, the best places to do so often are affordable, have a high quality of life and access to quality healthcare.
If you’re looking for a place to retire, Niche has identified the best places for retirees in Louisiana.
In its list, Niche has taken into account factors like weather, crime rates, housing costs and access to amenities.
The 5 best places to retire in Louisiana according to Niche
These are the top five best places to retire in Louisiana, according to Niche.
1. Oak Hills Place
Oak Hills Place is a suburb of Baton Rouge and is the overall best place to retire in Louisiana. This suburb, located in East Baton Rouge Parish, has a population of 9,038 and offers residents an urban suburban mix feel. The area is highly rated for families, diversity, as well as health and fitness. Here, the median home value is $437,900 and the median rent is $1,422, according to Niche.
2. Westminster
Westminster is another suburb of Baton Rouge and is the second-best place to retire in Louisiana. Located in East Baton Rouge Parish, this suburb has a population of 2,559 and offers residents an urban suburban mix feel. This area is highly rated for nightlife, diversity, families, health and fitness, as well as commute. The median home value here is $266,100 and the median rent is $1,482, says Niche.
3. River Ridge
River Ridge is a suburb of New Orleans, located in Jefferson Parish, and is the third-best place to retire in Louisiana. This suburb has a population of 13,312 and offers residents a dense suburban feel. The area is highly rated for public schools, family, nightlife and diversity. The median home value is $357,400 and the median rent is $1,127, according to Niche.
4. Westlake
Westlake is a town in Calcasieu Parish that is among the best places to retire in Louisiana. With a population of 4,743, this town offers residents a rural feel. The town is highly rated for public schools, housing, families, jobs, cost of living, nightlife and weather. Here, the median home value is $166,100 and the median rent is $1,049, says Niche.
5. Prien
Prien is another town in Calcasieu Parish that is among the best places to retire in Louisiana. This town has a population of 7,119 and offers residents a suburban rural mix feel. The town is highly rated for public schools, housing, families, nightlife and weather. The median home value here is $278,000 and the median rent is $1,292, according to Niche.
Presley Bo Tyler is the Louisiana Deep South Connect Team reporter for USA Today Network. Find her on X @PresleyTyler02 and email at PTyler@Gannett.com
Louisiana
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