News Release

<< Back
Jan 15, 2019

CenterPoint Energy subsidiary closes on $700 million of general mortgage bonds

HOUSTON, Jan. 15, 2019 /PRNewswire/ -- CenterPoint Energy Houston Electric, LLC (Houston Electric), an indirect, wholly owned subsidiary of CenterPoint Energy, Inc. (NYSE: CNP), today closed a registered public offering of $700 million principal amount of 4.25% general mortgage bonds due Feb. 1, 2049. The net proceeds from the offering will be used for general limited liability company purposes, including capital expenditures.

CenterPoint Energy logo. (PRNewsFoto)

Mizuho Securities, PNC Capital Markets LLC, Regions Securities LLC, TD Securities and US Bancorp served as joint book-running managers. C.L. King & Associates, Drexel Hamilton, Evercore ISI, Ramirez & Co., Inc. and The Williams Capital Group, L.P. served as co-managers.

"This transaction highlights our steadfast commitment to supplier diversity with the inclusion of minority/women-owned underwriting firms," said Tracy Bridge, executive vice president and president of CenterPoint Energy's Electric Division. "Our capital expenditures are focused on supporting safety, customer growth, reliability projects and infrastructure programs."

This news release does not constitute an offer to sell, or the solicitation of any offer to buy, any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering would be unlawful.

This news release includes forward-looking statements. Actual events and results may differ materially from those projected.  The statements in this news release regarding the use of proceeds from the offering and other statements that are not historical facts are forward-looking statements. Factors that could affect actual results include the timing and impact of future regulatory and legislative decisions, effects of competition, weather variations, changes in business plans, financial market conditions and other factors discussed in Houston Electric's Form 10-K for the fiscal year ended December 31, 2017, and Houston Electric's other filings with the Securities and Exchange Commission. A written prospectus may be obtained by visiting EDGAR on the SEC Website at

CenterPoint Energy, Inc., headquartered in Houston, Texas, is a domestic energy delivery company that includes electric transmission & distribution, natural gas distribution and energy services operations. The company serves more than five million metered customers primarily in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma and Texas. The company also owns 54.0 percent of the common units representing limited partner interests in Enable Midstream Partners, a publicly traded master limited partnership it jointly controls with OGE Energy Corp.Enable Midstream Partners owns, operates and develops natural gas and crude oil infrastructure assets. With more than 8,000 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years.

For more information contact
Leticia Lowe

Phone 713.207.7702
Dave Mordy

Phone 713.207.6500


Cision View original content to download multimedia:

SOURCE CenterPoint Energy, Inc.

Data Provided by Refinitiv. Minimum 15 minutes delayed.