Investor News

CenterPoint Energy Establishes Distribution Ratio for Texas Genco
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Jan 02, 2003
Houston, TX - January 2, 2003 - On December 20, 2002 CenterPoint Energy, Inc. (NYSE:CNP) established 0.05 as the distribution ratio for the previously declared distribution of Texas Genco Holdings, Inc. common stock to the shareholders of CenterPoint Energy.
CenterPoint Energy States SEC Declares Texas Genco's Form 10 Registration Statement Effective
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Dec 11, 2002
Houston, TX - December 11, 2002 - CenterPoint Energy, Inc. (NYSE:CNP) announced today that the Securities and Exchange Commission declared Texas Genco's Form 10 registration statement relating to its common stock effective under the Securities Exchange Act of 1934.
CenterPoint Energy Names Two New Board Members
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Dec 10, 2002
HOUSTON, TX - December 10, 2002 - CenterPoint Energy, Inc. (NYSE:CNP) announced that two new members, Thomas F. Madison and Michael E. Shannon, have been elected to the company's board of directors effective January 8, 2003. "We are extremely fortunate to add to our board two new members of such
CenterPoint Energy Declares Partial Distribution of Texas Genco Common Stock
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Dec 05, 2002
HOUSTON, TX - December 5, 2002 - CenterPoint Energy, Inc.'s (NYSE:CNP) Board of Directors approved the distribution of approximately 19 percent of the 80 million outstanding shares of common stock of its wholly owned subsidiary, Texas Genco Holdings, Inc., to CenterPoint Energy's shareholders.
CNP's Electric Utility Unit Closes $1.3 Billion Financing
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Nov 12, 2002
Houston,TX - Nov. 12, 2002 - CenterPoint Energy, Inc. (NYSE: CNP) today announced that its electric utility subsidiary, CenterPoint Energy Houston Electric, LLC, has closed its previously announced $1.310 billion senior secured credit facility with Berkshire Hathaway (NYSE: BRK.A;BRK.B) and Credit
Berkshire Hathaway and Credit Suisse First Boston to Provide $1.3 Billion Financing to CenterPoint Energy's Electric Utility Unit
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Nov 08, 2002
HOUSTON, TX - Nov. 8, 2002 - CenterPoint Energy, Inc. (NYSE: CNP) today announced that Berkshire Hathaway Inc. ("Berkshire Hathaway") (NYSE: BRK.A; BRK.B ) and Credit Suisse First Boston ("CSFB") have agreed to provide CenterPoint Energy Houston Electric, LLC, the company's electric utility
CNP Remains Committed to Debt Reduction
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Nov 04, 2002
HOUSTON, TX - Nov. 4, 2002 - CenterPoint Energy, Inc. (NYSE: CNP) today said that Moody's Investors Service's decision to reduce its credit ratings and the ratings of its gas distribution subsidiary from Baa2 to Ba1 will not affect the company's commitment to its ultimate goal of reducing its level
CenterPoint Energy Reports Strong Third Quarter 2002 Earnings
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Oct 17, 2002
Houston, TX. - CenterPoint Energy, Inc. (NYSE: CNP), the new holding company for the regulated operations of the former Reliant Energy, Incorporated, today reported income from continuing operations before the cumulative effect of accounting change of $161 million, or $0.54 per diluted share for
CNP completes $4.7B credit facilities negotiation
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Oct 11, 2002
Houston, TX,- CenterPoint Energy Inc. (NYSE: CNP) announced today that it has successfully negotiated new, one-year credit facilities totaling $4.7 billion with a syndicate of 30 banks. The facilities replace similar facilities that expired yesterday.
CenterPoint Energy Remains Confident in Financing
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Oct 11, 2002
HOUSTON, TX - CenterPoint Energy, Inc. (NYSE: CNP) said today it remains confident in its strong business fundamentals and its ability to implement its financing plans despite Standard & Poor's decision to reduce the company's corporate credit rating by one notch, to BBB from BBB+.

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