Centerpoint posts net income results

Energy delivery company Centerpoint has reported net income of $114m (£75m), or $0.29 per diluted share, for the first quarter of 2010, compared with $67m, or $0.19 per diluted share, for the same period in 2009.

Net income for the first quarter of 2010 reflected an increase in federal income-tax expense of $21m, or $0.05 per diluted share.

Operating income for the first quarter of 2010 was $357m, compared with $285m for the same period of 2009.