fwp
 

Filed Pursuant to Rule 433
Registration Statement No. 333-136965
February 1, 2007
PRICING TERM SHEET
(to Preliminary Prospectus Supplement dated February 1, 2007)
         
Issuer:   CenterPoint Energy Resources Corp.
 
       
Security:   6.25% Senior Notes due 2037
 
       
Size:   $150,000,000
 
       
Maturity Date:   February 1, 2037
 
       
Ratings:
  Moody’s
S&P
Fitch
  Baa3
BBB
BBB
 
       
Coupon:   6.25%
 
       
Interest Payment Dates:   February 1 and August 1, commencing August 1, 2007
 
       
Price to public:   99.531%
 
       
Make-whole call:   At any time at a discount rate of Treasury plus 25 basis points
 
       
Expected Settlement Date:   February 6, 2007
 
       
Underwriters:   Banc of America Securities LLC
Deutsche Bank Securities Inc.
J.P. Morgan Securities Inc.
Lehman Brothers Inc.
Merrill Lynch, Pierce, Fenner & Smith
                     Incorporated
Morgan Stanley & Co. Incorporated
 
       
Treasury Benchmark:   4.500% due February 15, 2036
 
       
Treasury Yield:   4.935%
 
       
Reoffer Spread:   +135 basis points
 
       
Yield to Maturity:   6.285%
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Banc of America Securities LLC toll-free at 1-800-294-1322, Deutsche Bank Securities Inc. toll-free at 1-800-503-4611 or J.P. Morgan Securities Inc. collect at 1-212-834-4533.