UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 17, 2012
CENTERPOINT ENERGY, INC.
(Exact name of registrant as specified in its charter)
| Texas | 1-31447 | 74-0694415 | ||||
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) | ||||
| 1111 Louisiana Houston, Texas |
77002 | |||||
| (Address of principal executive offices) | (Zip Code) | |||||
Registrant’s telephone number, including area code: (713) 207-1111
CENTERPOINT ENERGY HOUSTON ELECTRIC, LLC
(Exact name of registrant as specified in its charter)
| Texas | 1-3187 | 22-3865106 | ||||
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) | ||||
| 1111 Louisiana Houston, Texas |
77002 | |||||
| (Address of principal executive offices) | (Zip Code) | |||||
Registrant’s telephone number, including area code: (713) 207-1111
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below):
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 7.01 Regulation FD Disclosure.
A copy of the estimated amortization schedule (the “Schedule”) for equity return associated with the recovery of certain qualified costs and storm restoration costs by CenterPoint Energy Houston Electric, LLC (“CenterPoint Houston”), an indirect, wholly owned subsidiary of CenterPoint Energy, Inc. (“CenterPoint Energy”), is attached to this report as Exhibit 99.1. The Schedule will be posted on CenterPoint Energy’s website at www.centerpointenergy.com under the “Investors” section, where CenterPoint Energy expects to post updates to the Schedule periodically.
The Schedule is being furnished, not filed, pursuant to Regulation FD. Accordingly, the Schedule and any subsequent updates will not be incorporated by reference into any registration statement filed by CenterPoint Energy or CenterPoint Houston under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference. The furnishing of the Schedule is not intended to, and does not, constitute a determination or admission by CenterPoint Energy or CenterPoint Houston that the information in the Schedule is material or complete, or that investors should consider this information before making an investment decision with respect to any security of CenterPoint Energy or CenterPoint Houston or any of their affiliates.
Item 9.01 Financial Statements and Exhibits
The exhibit listed below is furnished pursuant to Item 7.01 of this Form 8-K.
(d) Exhibits.
| 99.1 | Estimated amortization schedule for equity return associated with the recovery of certain qualified costs and storm restoration costs |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| CENTERPOINT ENERGY, INC. | ||||
| Date: April 17, 2012 | By: | /s/ Christopher J. Arntzen | ||
| Christopher J. Arntzen | ||||
| Vice President, Deputy General Counsel | ||||
| and Assistant Corporate Secretary | ||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| CENTERPOINT ENERGY HOUSTON ELECTRIC, LLC | ||||
| Date: April 17, 2012 | By: | /s/ Christopher J. Arntzen | ||
| Christopher J. Arntzen | ||||
| Vice President, Deputy General Counsel | ||||
| and Assistant Secretary | ||||
EXHIBIT INDEX
| Exhibit Number |
Exhibit Description | |
| 99.1 | Estimated amortization schedule for equity return associated with the recovery of certain qualified costs and storm restoration costs | |
Exhibit 99.1
CenterPoint Energy, Inc.
Estimated Amortization Schedule for Equity Return Associated with the Recovery of Certain Qualified Costs and Storm Restoration Costs
The following table provides:
| (1) | the pre-tax equity return recognized by CenterPoint Energy, Inc. (CenterPoint Energy) during each of the years 2005 through 2011 related to CenterPoint Energy Houston Electric, LLC’s (CEHE) recovery of certain qualified costs or storm restoration costs, as applicable, pursuant to the past issuance of transition bonds by CenterPoint Energy Transition Bond Company II, LLC (Transition BondCo II) and CenterPoint Energy Transition Bond Company III, LLC (Transition BondCo III) or system restoration bonds by CenterPoint Energy Restoration Bond Company, LLC (System Restoration BondCo), as applicable; and |
| (2) | the estimated pre-tax equity return currently expected to be recognized in each of the years 2012 through 2024 related to CEHE’s recovery of certain qualified costs or storm restoration costs, as applicable, pursuant to the past issuance of transition bonds by Transition BondCo II, Transition BondCo III or CenterPoint Energy Transition Bond Company IV, LLC (Transition BondCo IV) or system restoration bonds by System Restoration BondCo, as applicable. |
The amounts reflected for 2012 through 2024 are based on CenterPoint Energy’s estimates as of March 31, 2012. However, the equity returns to be recognized in future periods with respect to each series of transition or system restoration bonds, as applicable, will be periodically subject to adjustment based on tariff adjustments for any overcollections or undercollections of transition charges or system restoration charges, as applicable. The equity return amounts reflected in the following table are reported in the financial statements of CenterPoint Energy and CEHE as revenues from electric transmission and distribution utility.
| Estimated Annual Equity Interest | ||||||||||||||||||||
| Transition BondCo II | Transition BondCo III | Transition BondCo IV | System Restoration BondCo | Amortization Aggregate Total | ||||||||||||||||
| 2005 |
$ | (213,804) | $ | (213,804) | ||||||||||||||||
| 2006 |
(6,644,004) | (6,644,004) | ||||||||||||||||||
| 2007 |
(7,140,194) | (7,140,194) | ||||||||||||||||||
| 2008 |
(6,673,765) | $ | (4,743,048) | (11,416,813) | ||||||||||||||||
| 2009 |
(7,279,677) | (6,074,697) | $ | (95,841) | (13,450,215) | |||||||||||||||
| 2010 |
(9,071,326) | (5,745,580) | (2,657,384) | (17,474,291) | ||||||||||||||||
| 2011 |
(9,902,590) | (6,994,650) | (2,840,737) | (19,737,978) | ||||||||||||||||
| 2012 |
(8,351,661) | (6,262,325) | $ | (20,477,231) | (2,321,345) | (37,412,562) | ||||||||||||||
| 2013 |
(10,205,548) | (7,355,788) | (27,871,758) | (2,513,075) | (47,946,171) | |||||||||||||||
| 2014 |
(10,990,283) | (7,909,097) | (28,510,810) | (2,588,099) | (49,998,289) | |||||||||||||||
| 2015 |
(11,824,831) | (8,457,808) | (29,248,262) | (2,681,571) | (52,212,472) | |||||||||||||||
| 2016 |
(12,712,370) | (9,047,044) | (30,062,933) | (2,815,193) | (54,637,540) | |||||||||||||||
| 2017 |
(13,653,155) | (9,683,479) | (30,714,220) | (2,964,715) | (57,015,568) | |||||||||||||||
| 2018 |
(14,660,459) | (10,389,236) | (31,633,336) | (3,135,663) | (59,818,693) | |||||||||||||||
| 2019 |
(8,326,383) | (10,739,303) | (32,686,564) | (3,331,549) | (55,083,799) | |||||||||||||||
| 2020 |
(933,908) | (33,754,330) | (3,526,832) | (38,215,071) | ||||||||||||||||
| 2021 |
(35,003,521) | (3,725,363) | (38,728,884) | |||||||||||||||||
| 2022 |
(36,370,026) | (2,257,185) | (38,627,210) | |||||||||||||||||
| 2023 |
(37,795,937) | (37,795,937) | ||||||||||||||||||
| 2024 |
(30,656,182) | (30,656,182) | ||||||||||||||||||
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| $ | (137,650,048) | $ | (94,335,964) | $ | (404,785,110) | $ | (37,454,553) | $ | (674,225,675) | |||||||||||
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