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): August 4, 2010

CENTERPOINT ENERGY, INC.

(Exact name of registrant as specified in its charter)

Texas (State or other jurisdiction of incorporation)		1-31447 (Commission File Number)		74-0694415 (IRS Employer Identification No.)

1111 Louisiana Houston, Texas (Address of principal executive offices)		77002 (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):

o     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

     On August 4, 2010, CenterPoint Energy, Inc. (“CenterPoint Energy”) reported second quarter 2010 earnings. For additional information regarding CenterPoint Energy’s second quarter 2010 earnings, please refer to CenterPoint Energy’s press release attached to this report as Exhibit 99.1 (the “Press Release”), which Press Release is incorporated by reference herein. The information in the Press Release is being furnished, not filed, pursuant to Item 2.02. Accordingly, the information in the Press Release will not be incorporated by reference into any registration statement filed by CenterPoint Energy under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.

     The exhibit listed below is furnished pursuant to Item 2.02 of this Form 8-K.

     (d) Exhibits.

99.1		Press Release issued August 4, 2010 regarding CenterPoint Energy, Inc.’s second quarter 2010 earnings.

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.

EXHIBIT INDEX

EXHIBIT
NUMBER		EXHIBIT DESCRIPTION
99.1		Press Release issued August 4, 2010 regarding CenterPoint Energy, Inc.’s second quarter 2010 earnings

		For more information contact Media: Leticia Lowe Phone 713.207.7702 Investors: Marianne Paulsen Phone 713.207.6500

For Immediate Release		Page 1 of 5

CENTERPOINT ENERGY REPORTS SECOND QUARTER 2010 EARNINGS

Houston, TX — August 4, 2010 - CenterPoint Energy, Inc. (NYSE: CNP) today reported net income of $81 million, or $0.20 per diluted share, for the second quarter of 2010 compared to $86 million, or $0.24 per diluted share, for the same period of 2009. Operating income for the second quarter of 2010 was $263 million compared to $253 million for the same period of 2009.

“I am pleased with our operating performance this quarter,” said David M. McClanahan, president and chief executive officer of CenterPoint Energy. “Our electric and natural gas distribution businesses recorded solid results and we benefited from the investments that we have made in our interstate pipeline and field services segments. The continued stability of our regulated utilities, together with opportunities to invest in energy infrastructure projects, position us well for the future.”

For the six months ended June 30, 2010, net income was $195 million, or $0.49 per diluted share, compared to $153 million, or $0.44 per diluted share, for the same period of 2009. Operating income for the six months ended June 30, 2010, was $620 million compared to $538 million for the same period of 2009.

OPERATING INCOME BY SEGMENT

Electric Transmission & Distribution

The electric transmission & distribution segment reported operating income of $158 million for the second quarter of 2010, consisting of $122 million from the regulated electric transmission & distribution utility operations (TDU) and $36 million related to transition and system restoration bonds. Operating income for the second quarter of 2009 was $162 million, consisting of $129 million from the TDU and $33 million related to transition bonds. Operating income for the TDU benefited from growth of over 21,000 metered customers since June 2009 and slightly higher usage, which were more than offset by increased operation and maintenance expenses, in part due to higher labor and benefit costs, higher net transmission costs and reduced revenue associated with a credit to customers’ bills to reflect the benefit of deferred taxes after Hurricane Ike.

Operating income for the six months ended June 30, 2010, was $265 million, consisting of $193 million from the TDU and $72 million related to transition and system restoration bonds. Operating income for the same period of 2009 was $232 million, consisting of $166 million from the TDU and $66 million related to transition bonds.

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		For more information contact Media: Leticia Lowe Phone 713.207.7702 Investors: Marianne Paulsen Phone 713.207.6500

For Immediate Release		Page 2 of 5

Natural Gas Distribution

The natural gas distribution segment reported operating income of $10 million for the second quarter of 2010 compared to $2 million for the same period of 2009. Operating income benefited from rate changes, higher non-volumetric revenues and lower operation and maintenance expenses resulting primarily from reduced bad debt expense. These benefits were partially offset by lower system throughput.

Operating income for the six months ended June 30, 2010, was $149 million compared to $120 million for the same period of 2009.

Interstate Pipelines

The interstate pipelines segment reported operating income of $67 million for the second quarter of 2010 compared to $61 million for the same period of 2009. Operating income increased due to higher revenue from new firm contracts primarily associated with Phase IV of the Carthage to Perryville pipeline as well as lower operation and maintenance expenses, partially offset by reduced revenues from off-system sales and ancillary services.

In addition to operating income, this segment recorded equity income of $4 million for the second quarter of 2010 primarily from its 50 percent interest in the Southeast Supply Header (SESH) compared to $9 million for the second quarter of 2009, which included $5 million related to a reduction in estimated property tax and a one-time fee received in connection with the construction of the pipeline.

Operating income for the six months ended June 30, 2010, was $139 million compared to $130 million for the same period of 2009. In addition to operating income, this segment recorded equity income of $7 million for the six months ended June 30, 2010 primarily from its 50 percent interest in the Southeast Supply Header (SESH) compared to $7 million for the six months ended June 30, 2009, which included a non-cash charge of $5 million to reflect SESH’s discontinued use of regulatory accounting and $5 million related to a property tax reduction and a one-time receipt of a construction fee.

Field Services

The field services segment reported operating income of $31 million for the second quarter of 2010 compared to $23 million for the same period of 2009. Revenue growth from higher gathering volumes and higher commodity prices was partially offset by increased operation and maintenance expenses primarily related to facility expansions.

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		For more information contact Media: Leticia Lowe Phone 713.207.7702 Investors: Marianne Paulsen Phone 713.207.6500

For Immediate Release		Page 3 of 5

In addition to operating income, this business had equity income of $3 million in the second quarter of 2010 compared to $2 million in the second quarter of 2009 from its 50 percent interest in a gas processing plant.

Operating income for the six months ended June 30, 2010, was $54 million compared to $49 million for the same period of 2009. Equity income from the jointly-owned gas processing plant was $5 million for the six months ended June 30, 2010, compared to $4 million for the same period of 2009.

Competitive Natural Gas Sales and Services

The competitive natural gas sales and services segment reported an operating loss of $6 million for the second quarter of 2010 compared to operating income of $6 million for the same period of 2009. Operating income for the second quarter of 2010 included charges of $8 million resulting from mark-to-market accounting for derivatives associated with certain forward natural gas purchases and sales used to lock in economic margins compared to gains of $3 million for the same period of 2009.

Operating income for the six months ended June 30, 2010, was $9 million compared to $8 million for the same period of 2009. Operating income for the six months ended June 30, 2010, included charges of $5 million resulting from mark-to-market accounting compared to charges of $16 million for the same period of 2009. The six months ended June 30, 2009 also included a $6 million write-down of natural gas inventory to the lower of average cost or market.

DIVIDEND DECLARATION

On July 22, 2010, CenterPoint Energy’s board of directors declared a regular quarterly cash dividend of $0.195 per share of common stock payable on September 10, 2010, to shareholders of record as of the close of business on August 16, 2010.

OUTLOOK REAFFIRMED FOR 2010

CenterPoint Energy reaffirmed its 2010 earnings guidance of $1.02 to $1.12 per diluted share. This guidance takes into consideration performance to date, equity issuances and various economic and operational assumptions related to the business segments in which the company operates. The company has made certain assumptions regarding the timing and cost of financing activities and the impact to earnings of various regulatory proceedings. In providing this guidance, the company has not included the impact of any changes in accounting standards, increased taxes recorded in the first quarter of 2010 as a result of recent health care legislation, any impact from acquisitions or divestitures, the timing effects of mark-to-market or inventory accounting in the company’s competitive natural gas sales and services business, or the outcome of the TDU’s true-up appeal. The company has also excluded any impact to income from the change in value of Time Warner stocks and the related ZENS securities. For the impact of these factors on the company’s earnings for the three months and six months ended June 30, 2010, see the reconciliation below.

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		For more information contact Media: Leticia Lowe Phone 713.207.7702 Investors: Marianne Paulsen Phone 713.207.6500

For Immediate Release		Page 4 of 5

FILING OF FORM 10-Q FOR CENTERPOINT ENERGY, INC.

Today, CenterPoint Energy, Inc. filed with the Securities and Exchange Commission (SEC) its Quarterly Report on Form 10-Q for the period ended June 30, 2010. A copy of that report is available on the company’s Web site, www.CenterPointEnergy.com, under the Investors section. Other filings the company makes with the SEC and other documents relating to its corporate governance can also be found on that site.

WEBCAST OF EARNINGS CONFERENCE CALL

CenterPoint Energy’s management will host an earnings conference call on Wednesday, August 4, 2010, at 10:30 a.m. Central time or 11:30 a.m. Eastern time. Interested parties may listen to a live audio broadcast of the conference call at www.CenterPointEnergy.com. A replay of the call can be accessed approximately two hours after the completion of the call and will be archived on the Web site for at least one year.

CenterPoint Energy, Inc., headquartered in Houston, Texas, is a domestic energy delivery company that includes electric transmission & distribution, natural gas distribution, competitive natural gas sales and services, interstate pipelines, and field services operations. The company serves more than five million metered customers primarily in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma and Texas. Assets total over $19 billion. With about 8,800 employees, CenterPoint Energy and its predecessor companies have been in business for more than 135 years. For more information, visit the Web site at www.CenterPointEnergy.com.

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 company’s earnings outlook for 2010 and future financial performance and results of operations, and other statements that are not historical facts are forward-looking statements. Factors that could affect actual results include the timing and outcome of appeals from the true-up proceedings, the timing and impact of future regulatory, legislative, and IRS decisions, effects of competition, weather variations, changes in CenterPoint Energy’s or its subsidiaries’ business plans, financial market conditions, the timing and extent of changes in natural gas and natural gas liquids prices, the impact of unplanned facility outages, and other factors discussed in CenterPoint Energy’s and its subsidiaries’ Forms 10-K for the fiscal year ended December 31, 2009, CenterPoint Energy’s and its subsidiaries’ Forms 10-Q for the period ended March 31, 2010, CenterPoint Energy’s Form 10-Q for the period ended June 30, 2010, and other filings with the SEC.

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		For more information contact Media: Leticia Lowe Phone 713.207.7702 Investors: Marianne Paulsen Phone 713.207.6500

For Immediate Release		Page 5 of 5

CenterPoint Energy, Inc. and Subsidiaries

Reconciliation of reported Net Income and diluted EPS to the basis used in providing annual earnings guidance

		Quarter Ended								Six Months Ended
		June 30, 2010								June 30, 2010
		Net Income				EPS				Net Income				EPS
		(in millions)								(in millions)
As reported		$	81			$	0.20			$	195			$	0.49
Timing effects impacting CES(1):
Mark-to-market (gains) losses — natural gas derivative contracts			5				0.01				3				0.01
Natural gas inventory write-downs			—				—				—				—
ZENS-related mark-to-market (gains) losses:
Marketable securities(2)			14				0.04				(10	)			(0.02	)
Indexed debt securities			(21	)			(0.05	)			(3	)			(0.01	)
Tax impact of federal health care legislation			—				—				21				0.05
Per the basis used in providing annual earnings guidance		$	79			$	0.20			$	206			$	0.52

###

CenterPoint Energy, Inc. and Subsidiaries
Statements of Consolidated Income
(Millions of Dollars)
(Unaudited)

		Quarter Ended								Six Months Ended
		June 30,								June 30,
		2009				2010				2009				2010
Revenues:
Electric Transmission & Distribution		$	521			$	562			$	933			$	1,044
Natural Gas Distribution			518				465				1,939				2,002
Competitive Natural Gas Sales and Services			432				560				1,197				1,412
Interstate Pipelines			155				148				308				286
Field Services			56				80				113				148
Other Operations			3				3				6				6
Eliminations			(45	)			(62	)			(90	)			(119	)
Total			1,640				1,756				4,406				4,779
Expenses:
Natural gas			710				778				2,499				2,713
Operation and maintenance			398				410				811				824
Depreciation and amortization			188				217				354				417
Taxes other than income taxes			91				88				204				205
Total			1,387				1,493				3,868				4,159
Operating Income			253				263				538				620
Other Income (Expense):
Gain (loss) on marketable securities			55				(22	)			21				16
Gain (loss) on indexed debt securities			(46	)			32				(24	)			5
Interest and other finance charges			(129	)			(121	)			(258	)			(243	)
Interest on transition and system restoration bonds			(33	)			(36	)			(66	)			(72	)
Equity in earnings of unconsolidated affiliates			11				7				11				12
Other — net			18				3				22				4
Total			(124	)			(137	)			(294	)			(278	)
Income Before Income Taxes			129				126				244				342
Income Tax Expense			(43	)			(45	)			(91	)			(147	)
Net Income		$	86			$	81			$	153			$	195

Reference is made to the Notes to the Consolidated Financial Statements
contained in the Annual Report on Form 10-Q of CenterPoint Energy, Inc.

CenterPoint Energy, Inc. and Subsidiaries
Selected Data From Statements of Consolidated Income
(Millions of Dollars, Except Share and Per Share Amounts)
(Unaudited)

		Quarter Ended								Six Months Ended
		June 30,								June 30,
		2009				2010				2009				2010
Basic Earnings Per Common Share		$	0.24			$	0.20			$	0.44			$	0.49
Diluted Earnings Per Common Share		$	0.24			$	0.20			$	0.44			$	0.49
Dividends Declared per Common Share		$	0.190			$	0.195			$	0.38			$	0.39
Weighted Average Common Shares Outstanding (000):
- Basic			352,461				399,515				346,660				396,203
- Diluted			354,280				401,993				348,522				398,689
Operating Income (Loss) by Segment
Electric Transmission & Distribution:
Electric Transmission and Distribution Operations		$	129			$	122			$	166			$	193
Transition and System Restoration Bond Companies			33				36				66				72
Total Electric Transmission & Distribution			162				158				232				265
Natural Gas Distribution			2				10				120				149
Competitive Natural Gas Sales and Services			6				(6	)			8				9
Interstate Pipelines			61				67				130				139
Field Services			23				31				49				54
Other Operations			(1	)			3				(1	)			4
Total		$	253			$	263			$	538			$	620

Reference is made to the Notes to the Consolidated Financial Statements
contained in the Annual Report on Form 10-Q of CenterPoint Energy, Inc.

CenterPoint Energy, Inc. and Subsidiaries
Results of Operations by Segment
(Millions of Dollars)
(Unaudited)

		Electric Transmission & Distribution
		Quarter Ended												Six Months Ended
		June 30,								% Diff				June 30,								% Diff
		2009				2010				Fav/(Unfav)				2009				2010				Fav/(Unfav)
Results of Operations:
Revenues:
Electric transmission and distribution utility		$	432			$	449				4	%		$	778			$	835				7	%
Transition and system restoration bond companies			89				113				27	%			155				209				35	%
Total			521				562				8	%			933				1,044				12	%
Expenses:
Operation and maintenance			181				204				(13	%)			369				394				(7	%)
Depreciation and amortization			69				71				(3	%)			137				144				(5	%)
Taxes other than income taxes			53				52				2	%			106				104				2	%
Transition and system restoration bond companies			56				77				(38	%)			89				137				(54	%)
Total			359				404				(13	%)			701				779				(11	%)
Operating Income		$	162			$	158				(2	%)		$	232			$	265				14	%
Operating Income:
Electric transmission and distribution operations		$	129			$	122				(5	%)		$	166			$	193				16	%
Transition and system restoration bond companies			33				36				9	%			66				72				9	%
Total Segment Operating Income		$	162			$	158				(2	%)		$	232			$	265				14	%
Electric Transmission & Distribution Operating Data:
Actual MWH Delivered
Residential			6,831,444				7,064,276				3	%			10,797,963				12,237,273				13	%
Total			19,840,955				20,173,782				2	%			34,983,263				36,610,092				5	%
Weather (average for service area):
Percentage of 10-year average:
Cooling degree days			108	%			109	%							109	%			99	%
Heating degree days			112	%			78	%							89	%			160	%
Number of metered customers — end of period:
Residential			1,846,908				1,866,699				1	%			1,846,908				1,866,699				1	%
Total			2,092,209				2,113,695				1	%			2,092,209				2,113,695				1	%

		Natural Gas Distribution
		Quarter Ended												Six Months Ended
		June 30,								% Diff				June 30,								% Diff
		2009				2010				Fav/(Unfav)				2009				2010				Fav/(Unfav)
Results of Operations:
Revenues		$	518			$	465				(10	%)		$	1,939			$	2,002				3	%
Expenses:
Natural gas			295				244				17	%			1,340				1,383				(3	%)
Operation and maintenance			152				144				5	%			321				311				3	%
Depreciation and amortization			41				44				(7	%)			81				84				(4	%)
Taxes other than income taxes			28				23				18	%			77				75				3	%
Total			516				455				12	%			1,819				1,853				(2	%)
Operating Income		$	2			$	10				400	%		$	120			$	149				24	%
Natural Gas Distribution Operating Data:
Throughput data in BCF
Residential			20				16				(20	%)			98				112				14	%
Commercial and Industrial			46				49				7	%			123				136				11	%
Total Throughput			66				65				(2	%)			221				248				12	%
Weather (average for service area)
Percentage of 10-year average:
Heating degree days			109	%			66	%							103	%			111	%
Number of customers — end of period:
Residential			2,961,941				2,973,013				—				2,961,941				2,973,013				—
Commercial and Industrial			241,875				244,089				1	%			241,875				244,089				1	%
Total			3,203,816				3,217,102				—				3,203,816				3,217,102				—

Reference is made to the Notes to the Consolidated Financial Statements
contained in the Annual Report on Form 10-Q of CenterPoint Energy, Inc.

CenterPoint Energy, Inc. and Subsidiaries
Results of Operations by Segment
(Millions of Dollars)
(Unaudited)

		Competitive Natural Gas Sales and Services
		Quarter Ended												Six Months Ended
		June 30,								% Diff				June 30,								% Diff
		2009				2010				Fav/(Unfav)				2009				2010				Fav/(Unfav)
Results of Operations:
Revenues		$	432			$	560				30	%		$	1,197			$	1,412				18	%
Expenses:
Natural gas			414				554				(34	%)			1,166				1,380				(18	%)
Operation and maintenance			10				10				—				20				19				5	%
Depreciation and amortization			1				1				—				2				2				—
Taxes other than income taxes			1				1				—				1				2				(100	%)
Total			426				566				(33	%)			1,189				1,403				(18	%)
Operating Income (Loss)		$	6			$	(6	)			(200	%)		$	8			$	9				13	%
Competitive Natural Gas Sales and Services Operating Data:
Throughput data in BCF			114				128				12	%			255				269				5	%
Number of customers — end of period			10,878				11,694				8	%			10,878				11,694				8	%

		Interstate Pipelines
		Quarter Ended												Six Months Ended
		June 30,								% Diff				June 30,								% Diff
		2009				2010				Fav/(Unfav)				2009				2010				Fav/(Unfav)
Results of Operations:
Revenues		$	155			$	148				(5	%)		$	308			$	286				(7	%)
Expenses:
Natural gas			34				24				29	%			63				34				46	%
Operation and maintenance			41				35				15	%			76				70				8	%
Depreciation and amortization			12				13				(8	%)			24				26				(8	%)
Taxes other than income taxes			7				9				(29	%)			15				17				(13	%)
Total			94				81				14	%			178				147				17	%
Operating Income		$	61			$	67				10	%		$	130			$	139				7	%
Pipelines Operating Data:
Throughput data in BCF
Transportation			396				400				1	%			857				838				(2	%)

Reference is made to the Notes to the Consolidated Financial Statements
contained in the Annual Report on Form 10-Q of CenterPoint Energy, Inc.

CenterPoint Energy, Inc. and Subsidiaries
Results of Operations by Segment
(Millions of Dollars)
(Unaudited)

		Field Services
		Quarter Ended												Six Months Ended
		June 30,								% Diff				June 30,								% Diff
		2009				2010				Fav/(Unfav)				2009				2010				Fav/(Unfav)
Results of Operations:
Revenues		$	56			$	80				43	%		$	113			$	148				31	%
Expenses:
Natural gas			11				18				(64	%)			18				34				(89	%)
Operation and maintenance			18				25				(39	%)			37				46				(24	%)
Depreciation and amortization			3				5				(67	%)			7				11				(57	%)
Taxes other than income taxes			1				1				—				2				3				(50	%)
Total			33				49				(48	%)			64				94				(47	%)
Operating Income		$	23			$	31				35	%		$	49			$	54				10	%
Field Services Operating Data:
Throughput data in BCF
Gathering			102				156				53	%			206				284				38	%

		Other Operations
		Quarter Ended												Six Months Ended
		June 30,								% Diff				June 30,								% Diff
		2009				2010				Fav/(Unfav)				2009				2010				Fav/(Unfav)
Results of Operations:
Revenues		$	3			$	3				—			$	6			$	6				—
Expenses			4				—				100	%			7				2				71	%
Operating Income (Loss)		$	(1	)		$	3				400	%		$	(1	)		$	4				500	%

Capital Expenditures by Segment
(Millions of Dollars)
(Unaudited)

		Quarter Ended								Six Months Ended
		June 30,								June 30,
		2009				2010				2009				2010
Capital Expenditures by Segment
Electric Transmission & Distribution		$	108			$	101			$	189			$	196
Hurricane Ike			2				—				18				—
Total Electric Transmission & Distribution			110				101				207				196
Natural Gas Distribution			43				45				77				74
Competitive Natural Gas Sales and Services			—				1				1				1
Interstate Pipelines			27				32				74				40
Field Services			66				220				104				341
Other Operations			2				3				9				7
Total		$	248			$	402			$	472			$	659

(Millions of Dollars)
(Unaudited)

		Quarter Ended								Six Months Ended
		June 30,								June 30,
		2009				2010				2009				2010
Interest Expense Detail
Amortization of Deferred Financing Cost		$	9			$	5			$	18			$	12
Capitalization of Interest Cost			(1	)			(2	)			(3	)			(3	)
Transition and System Restoration Bond Interest Expense			33				36				66				72
Other Interest Expense			121				118				243				234
Total Interest Expense		$	162			$	157			$	324			$	315

Reference is made to the Notes to the Consolidated Financial Statements
contained in the Annual Report on Form 10-Q of CenterPoint Energy, Inc.

CenterPoint Energy, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(Millions of Dollars)
(Unaudited)

		December 31,				June 30,
		2009				2010
ASSETS
Current Assets:
Cash and cash equivalents		$	740			$	583
Other current assets			2,164				1,769
Total current assets			2,904				2,352
Property, Plant and Equipment, net			10,788				11,217
Other Assets:
Goodwill			1,696				1,696
Regulatory assets			3,677				3,540
Other non-current assets			708				716
Total other assets			6,081				5,952
Total Assets		$	19,773			$	19,521
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities:
Short-term borrowings		$	55			$	32
Current portion of transition and system restoration bonds long-term debt			241				274
Current portion of indexed debt			121				124
Current portion of other long-term debt			541				769
Other current liabilities			2,080				1,833
Total current liabilities			3,038				3,032
Other Liabilities:
Accumulated deferred income taxes, net and investment tax credit			2,792				2,786
Regulatory liabilities			921				967
Other non-current liabilities			1,264				1,265
Total other liabilities			4,977				5,018
Long-term Debt:
Transition and system restoration bonds			2,805				2,665
Other			6,314				5,745
Total long-term debt			9,119				8,410
Shareholders’ Equity			2,639				3,061
Total Liabilities and Shareholders’ Equity		$	19,773			$	19,521

Reference is made to the Notes to the Consolidated Financial Statements
contained in the Annual Report on Form 10-Q of CenterPoint Energy, Inc.

CenterPoint Energy, Inc. and Subsidiaries
Condensed Statements of Consolidated Cash Flows
(Millions of Dollars)
(Unaudited)

		Six Months Ended June 30,
		2009				2010
Cash Flows from Operating Activities:
Net income		$	153			$	195
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization			374				431
Deferred income taxes			78				(37	)
Write-down of natural gas inventory			6				—
Changes in net regulatory assets			19				26
Changes in other assets and liabilities			422				195
Other, net			4				8
Net Cash Provided by Operating Activities			1,056				818
Net Cash Used in Investing Activities			(504	)			(719	)
Net Cash Used in Financing Activities			(568	)			(256	)
Net Decrease in Cash and Cash Equivalents			(16	)			(157	)
Cash and Cash Equivalents at Beginning of Period			167				740
Cash and Cash Equivalents at End of Period		$	151			$	583

Reference is made to the Notes to the Consolidated Financial Statements
contained in the Annual Report on Form 10-Q of CenterPoint Energy, Inc.