In releasing earnings today, CenterPoint Energy said that it has concluded its review of the potential use of a Real Estate Investment Trust (REIT) business model for all or part of its utility business

As disclosed in February 2016, the company has undertook a process to explore the use of a Real Estate Investment Trust (REIT) business model for all or part of the utility business.

"The company has completed its evaluation and decided not to pursue forming a REIT structure for its utility business, or any part thereof," CenterPoint said

"Given a broad range of assumptions, we have determined that the potential to create long-term shareholder value by forming a REIT is very limited and does not justify exposure to the associated risks," said Scott M. Prochazka, president and chief executive officer of CenterPoint Energy. "We continue to focus on increasing shareholder value by investing in our growing utility businesses."

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