UNITED STATES OF AMERICA
before the
SECURITIES AND EXCHANGE COMMISSION
------------------------------
In the Matter of:
CENTERPOINT ENERGY, INC. CERTIFICATE OF
1111 Louisiana NOTIFICATION
Houston, Texas 77002
(70-10128)
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
------------------------------
THIS IS TO CERTIFY that, in accordance with the terms and conditions of
the application-declaration, as amended, of CenterPoint Energy, Inc. in the
above-captioned file (the "Application") and the order of the Securities and
Exchange Commission with respect thereto (HCAR No. 27692 (June 30, 2003)) (the
"Order"), CenterPoint Energy, Inc. (the "Company" or "CenterPoint") is reporting
the following information for itself and its subsidiaries for the quarterly
period ended June 30, 2004. Unless defined herein, capitalized terms have the
meaning given them in the Application.
1. The sales of any common stock or preferred securities by the Company
or a Financing Subsidiary and the purchase price per share and the
market price per share at the date of the agreement of sale.
None.
2. The total number of shares of the Company's common stock issued or
issuable pursuant to options granted during the quarter under
employee benefit plans and dividend reinvestment plans, including
any employee benefit plans or dividend reinvestment plans hereafter
adopted.
210,055 shares were issued under the Investor's Choice Plan.
7,500 stock options were granted to Company employees at a strike
price of $11.29 under the Company's Long Term Incentive Plan. None
of the options granted is currently exercisable.
145,644 stock options that had been granted previously under the
Company's Long Term Incentive Plan were exercised.
1
1,200 shares of time based restricted stock were granted under the
Company's Long Term Incentive Plan, to vest in April 2007 based on
performance achieved during the 2004-2006 performance cycle. The
stock price when those shares were issued was $11.29.
6,000 shares of time based restricted stock were granted to
non-employee members of the Company's Board of Directors in June
2004 under the terms of the compensation policy the Board has
established for the Company's Directors. The stock price at the time
those shares were issued was $10.68. Those shares vest in one-third
increments on the first, second and third anniversaries of the
grants.
3. If the Company's common stock has been transferred to a seller of
securities of a company being acquired, the number of shares so
issued, the value per share and whether the shares are restricted in
the hands of the acquirer.
None.
4. If a guarantee is issued during the quarter, the name of the
guarantor, the name of the beneficiary of the guarantee and the
amount, terms and purpose of the guarantee.
See Exhibit A.
5. The amount and terms of any long-term debt issued by the Company
during the quarter, and the aggregate amount of short-term debt
outstanding as of the end of the quarter, as well as the weighted
average interest rate for such short-term debt as of such date.
No long-term debt was issued during the quarter.
None of the Company's debt is classified as short-term debt.
6. The amount and terms of any long-term debt issued by any Utility
Subsidiary during the quarter, and the aggregate amount of
short-term debt outstanding as of the end of the quarter, as well as
the weighted average interest rate for such short-term debt as of
such date.
On January 21, 2004, CenterPoint Energy Resources Corp. ("GasCo")
replaced its $100 million receivables facility with a $250 million
receivables facility. The $250 million receivables facility
terminates on January 19, 2005. As of June 30, 2004, GasCo had $173
million outstanding under its receivables facility.
2
The Utility Subsidiaries did not have any short-term debt
outstanding as of the end of the quarter.
7. The amount and terms of any financings consummated by any
Non-Utility Subsidiary that are not exempt under Rule 52 under the
Public Utility Holding Company Act, as amended.
None.
8. The notional amount and principal terms of any Hedge Instruments or
Anticipatory Hedges entered into during the quarter and the identity
of the other parties thereto.
None.
9. The name, parent company and amount of equity in any intermediate
subsidiary during the quarter and the amount and terms of any
securities issued by such subsidiaries during the quarter.
The name, parent company and amount of equity in any intermediate
subsidiaries has been previously disclosed.
10. The information required by a Certificate of Notification on Form
U-6B-2.
Not applicable.
11. The amount and terms of any other securities issued under the
authority sought herein during the quarter.
None.
12. Consolidated balance sheets for the Company and/or a Utility
Subsidiary as of the end of the quarter and separate balance sheets
as of the end of the quarter for each company that has engaged in
jurisdictional financing transactions during the quarter.
See Exhibit B hereto. See also the Quarterly Report on Form 10-Q
filed by the Company on August 6, 2004 (File No. 1-31447), the
Quarterly Report on Form 10-Q filed by CenterPoint Energy Resources
Corp. on August 6, 2004 (File No. 1-13265), and the Quarterly Report
on Form 10-Q filed by CenterPoint Energy Houston Electric, LLC on
August 6, 2004 (File No. 1-3187), all of which are incorporated
herein by reference.
13. A table showing, as of the end of the quarter, the dollar and
percentage components of the capital structure of the Company on a
consolidated basis and of each Utility Subsidiary.
3
See Exhibit C hereto.
14. A retained earnings analysis of the Company on a consolidated basis
and of each Utility Subsidiary detailing gross earnings, dividends
paid out of each capital account and the resulting capital account
balances at the end of the quarter.
See Exhibit D hereto.
15. A table showing, as of the end of the quarter, the Money Pool
participants and amount of outstanding borrowings for each.
See Exhibit E hereto.
16. As to each financing subsidiary, (a) the name of the subsidiary; (b)
the value of the Company's investment account in such subsidiary;
(c) the balance sheet account where the investment and the cost of
the investment are booked; (d) the amount invested in the subsidiary
by the Company; (e) the type of corporate entity; (f) the percentage
owned by the Company; (g) the identification of other owners if not
100% owned by the Company; (h) the purpose of the investment in the
subsidiary; and (i) the amounts and types of securities to be issued
by the subsidiary.
See Exhibit F hereto. The Company and its subsidiaries may organize
and acquire, directly or indirectly, the common stock or other
equity interests of one or more financing subsidiaries for the
purpose of effecting various financing transactions from time to
time through the Authorization Period. Financing Subsidiaries may be
corporations, trusts, partnerships or other entities created
specifically for the purposes described in the Order. The amount of
securities issued by the Financing Subsidiaries to third parties
will count toward the respective financing limits of its immediate
parent. Applicants anticipate that the Financing Subsidiaries will
be wholly-owned indirect subsidiaries of CenterPoint and fully
consolidated for purposes of financial reporting. Such financing
subsidiaries shall be organized only if, in management's opinion,
the creation and utilization of such financing subsidiary will
likely result in tax savings, increased access to capital markets
and/or lower cost of capital for the Company or its subsidiaries.
17. A confidential exhibit updating CenterPoint's financial projections
and assumptions through 2006.
See Exhibit G hereto.
18. With respect to any internal reorganization of any Subsidiaries
during the quarter, a description of the nature of such
reorganization.
4
None.
19. A report of service transactions among the Company (or any other
system service provider) and the Utility Subsidiaries containing the
following information (a) a narrative description of the services
rendered; (b) disclosure of the dollar amount of services rendered
in (a) above according to category or department; (c) identification
of companies rendering services described in (a) above and recipient
companies, including disclosure of the allocation of services costs;
and (d) disclosure of the number of the CenterPoint system employees
engaged in rendering services to other CenterPoint system companies
on an annual basis, stated as an absolute and as a percentage of
total employees.
See Exhibit H hereto.
5
All transactions described herein have been carried out in accordance with
the terms and conditions of and for the purposes represented in the Application.
CENTERPOINT ENERGY, INC.
By: /s/ Rufus S. Scott
---------------------------------------------
Rufus S. Scott
Vice President, Deputy General Counsel
and Assistant Corporate Secretary
Dated: August 27, 2004
6
Exhibits
Exhibit Description
- ------- -----------
Exhibit A CenterPoint Energy, Inc. and CenterPoint Energy Resources Corp. Guaranties Issued or Amended
During Second Quarter 2004 (filed in connection herewith with a request for confidential
treatment)
Exhibit B Consolidated Balance Sheets for CenterPoint Energy, Inc. and Subsidiaries, CenterPoint
Energy Houston Electric, LLC and Subsidiaries, CenterPoint Energy Resources Corp. and
Subsidiaries and Texas Genco Holdings, Inc. (as of June 30, 2004)
Exhibit C Capital Structure Chart of CenterPoint Energy, Inc., CenterPoint Energy Houston
Electric, LLC, CenterPoint Energy Resources Corp. and Texas Genco Holdings, Inc. as of June
30, 2004
Exhibit D Retained Earnings Analysis of CenterPoint Energy, Inc., CenterPoint Energy Resources Corp.,
CenterPoint Energy Houston Electric, LLC and Texas Genco Holdings, Inc.
Exhibit E Money Pool Participants and Outstanding Borrowings as of June 30, 2004
Exhibit F CenterPoint Energy, Inc. Investments in Financing Subsidiaries as of June 30, 2004
Exhibit G CenterPoint Consolidated Financials (forecasts through 2006) (previously filed with a request for confidential
treatment in the Rule 24 Certificate filed by the Company on March 31, 2004 (File No. 70-10128), which is
incorporated herein by reference)
Exhibit H Information on Service Transactions between CenterPoint Energy Service Company, LLC and
Utility Subsidiaries (Corporate Services, Support Services and Information Technology
Services) (filed in connection herewith with a request for confidential treatment)
7
EXHIBIT B
CENTERPOINT ENERGY, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(THOUSANDS OF DOLLARS)
(UNAUDITED)
ASSETS
DECEMBER 31, JUNE 30,
2003 2004
---- ----
CURRENT ASSETS:
Cash and cash equivalents .......................... $ 131,480 $ 280,912
Investment in Time Warner common stock ............. 389,302 380,427
Accounts receivable, net ........................... 636,646 508,689
Accrued unbilled revenues .......................... 395,351 192,587
Fuel stock ......................................... 237,650 207,497
Materials and supplies ............................. 175,276 170,410
Non-trading derivative assets ...................... 45,897 59,620
Taxes receivable ................................... 159,646 143,558
Prepaid expenses and other current assets .......... 101,457 86,411
------------ ------------
Total current assets ............................. 2,272,705 2,030,111
------------ ------------
PROPERTY, PLANT AND EQUIPMENT:
Property, plant and equipment ...................... 20,005,437 20,212,237
Less accumulated depreciation and amortization...... (8,193,901) (8,416,735)
------------ ------------
Property, plant and equipment, net ............... 11,811,536 11,795,502
------------ ------------
OTHER ASSETS:
Goodwill, net ...................................... 1,740,510 1,740,510
Other intangibles, net ............................. 79,936 78,839
Regulatory assets .................................. 4,930,793 4,959,059
Non-trading derivative assets ...................... 11,273 16,849
Other .............................................. 529,911 531,494
------------ ------------
Total other assets ............................... 7,292,423 7,326,751
------------ ------------
TOTAL ASSETS ................................... $ 21,376,664 $ 21,152,364
============ ============
CENTERPOINT ENERGY, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS - (CONTINUED)
(THOUSANDS OF DOLLARS)
(UNAUDITED)
LIABILITIES AND SHAREHOLDERS' EQUITY
DECEMBER 31, JUNE 30,
2003 2004
---- ----
CURRENT LIABILITIES:
Short-term borrowings ....................................................... $ 63,000 $ --
Current portion of transition bond long-term debt ........................... 41,189 43,099
Current portion of other long-term debt ..................................... 121,234 164,669
Indexed debt securities derivative .......................................... 321,352 312,227
Accounts payable ............................................................ 694,558 606,446
Taxes accrued ............................................................... 193,273 126,121
Interest accrued ............................................................ 164,669 178,791
Non-trading derivative liabilities .......................................... 8,036 5,586
Regulatory liabilities ...................................................... 186,239 191,785
Accumulated deferred income taxes, net ...................................... 345,870 347,303
Deferred revenues ........................................................... 88,740 114,093
Other ....................................................................... 290,176 284,836
------------ ------------
Total current liabilities ................................................. 2,518,336 2,374,956
------------ ------------
OTHER LIABILITIES:
Accumulated deferred income taxes, net ...................................... 3,010,577 3,070,022
Unamortized investment tax credits .......................................... 211,731 202,209
Non-trading derivative liabilities .......................................... 3,330 1,654
Benefit obligations ......................................................... 836,459 875,368
Regulatory liabilities ...................................................... 1,358,030 1,254,318
Other ....................................................................... 715,670 707,112
------------ ------------
Total other liabilities ................................................... 6,135,797 6,110,683
------------ ------------
LONG-TERM DEBT:
Transition bonds ............................................................ 675,665 659,773
Other ....................................................................... 10,107,399 9,941,314
------------ ------------
Total long-term debt ...................................................... 10,783,064 10,601,087
------------ ------------
COMMITMENTS AND CONTINGENCIES
MINORITY INTEREST IN CONSOLIDATED SUBSIDIARIES ................................ 178,910 198,131
------------ ------------
SHAREHOLDERS' EQUITY:
Common stock (305,385,434 shares and 307,434,559 shares outstanding
at December 31, 2003 and June 30, 2004, respectively) ..................... 3,063 3,074
Additional paid-in capital .................................................. 2,868,416 2,885,593
Unearned ESOP stock ......................................................... (2,842) --
Retained deficit ............................................................ (700,033) (630,084)
Accumulated other comprehensive loss ........................................ (408,047) (391,076)
------------ ------------
Total shareholders' equity ................................................ 1,760,557 1,867,507
------------ ------------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY .............................. $ 21,376,664 $ 21,152,364
============ ============
CENTERPOINT ENERGY HOUSTON ELECTRIC, LLC AND SUBSIDIARIES
(AN INDIRECT WHOLLY OWNED SUBSIDIARY OF CENTERPOINT ENERGY, INC.)
CONSOLIDATED BALANCE SHEETS
(THOUSANDS OF DOLLARS)
(UNAUDITED)
ASSETS
DECEMBER 31, JUNE 30,
2003 2004
---- ----
CURRENT ASSETS:
Cash and cash equivalents ...................................... $ 30,720 $ 27,070
Accounts and notes receivable, net ............................. 91,332 112,544
Accounts receivable -- affiliated companies, net ............... 3,897 168
Accrued unbilled revenues ...................................... 71,507 85,916
Materials and supplies ......................................... 56,008 51,507
Taxes receivable ............................................... 184,634 47,495
Other .......................................................... 14,209 7,695
------------ ------------
Total current assets ......................................... 452,307 332,395
------------ ------------
PROPERTY, PLANT AND EQUIPMENT:
Property, plant and equipment .................................. 6,084,665 6,148,939
Less accumulated depreciation and amortization ................. (2,040,382) (2,116,164)
------------ ------------
Property, plant and equipment, net ........................... 4,044,283 4,032,775
------------ ------------
OTHER ASSETS:
Other intangibles, net ......................................... 39,010 38,690
Regulatory assets .............................................. 4,896,439 4,925,257
Accounts and notes receivable -- affiliated companies .......... 814,513 814,513
Other .......................................................... 79,770 91,021
------------ ------------
Total other assets ........................................... 5,829,732 5,869,481
------------ ------------
TOTAL ASSETS ............................................... $ 10,326,322 $ 10,234,651
============ ============
CENTERPOINT ENERGY HOUSTON ELECTRIC, LLC AND SUBSIDIARIES
(AN INDIRECT WHOLLY OWNED SUBSIDIARY OF CENTERPOINT ENERGY, INC.)
CONSOLIDATED BALANCE SHEETS
(THOUSANDS OF DOLLARS) -- (CONTINUED)
(UNAUDITED)
LIABILITIES AND MEMBER'S EQUITY
DECEMBER 31, JUNE 30,
2003 2004
---- ----
CURRENT LIABILITIES:
Current portion of transition bond long-term debt ..... $ 41,189 $ 43,099
Accounts payable ...................................... 35,771 34,783
Notes payable -- affiliated companies, net ............ 113,179 170,967
Taxes accrued ......................................... 82,650 42,370
Interest accrued ...................................... 64,769 76,782
Regulatory liabilities ................................ 185,812 191,358
Other ................................................. 62,085 64,313
----------- -----------
Total current liabilities ........................... 585,455 623,672
----------- -----------
OTHER LIABILITIES:
Accumulated deferred income taxes, net ................ 1,799,926 1,845,394
Unamortized investment tax credits .................... 55,845 52,359
Benefit obligations ................................... 83,236 90,088
Regulatory liabilities ................................ 923,038 810,773
Notes payable -- affiliated companies ................. 379,900 150,850
Accounts payable -- affiliated companies .............. 398,984 400,717
Other ................................................. 11,424 14,326
----------- -----------
Total other liabilities ............................. 3,652,353 3,364,507
----------- -----------
LONG-TERM DEBT:
Transition bonds ...................................... 675,665 659,773
Other ................................................. 2,672,019 2,902,998
----------- -----------
Total long-term debt ................................ 3,347,684 3,562,771
----------- -----------
COMMITMENTS AND CONTINGENCIES
MEMBER'S EQUITY:
Common stock .......................................... 1 1
Paid-in capital ....................................... 2,190,111 2,190,111
Retained earnings ..................................... 550,718 493,589
----------- -----------
Total member's equity ............................... 2,740,830 2,683,701
----------- -----------
TOTAL LIABILITIES AND MEMBER'S EQUITY ............. $10,326,322 $10,234,651
=========== ===========
CENTERPOINT ENERGY RESOURCES CORP. AND SUBSIDIARIES
(AN INDIRECT WHOLLY OWNED SUBSIDIARY OF CENTERPOINT ENERGY, INC.)
CONSOLIDATED BALANCE SHEETS
(THOUSANDS OF DOLLARS)
(UNAUDITED)
ASSETS
DECEMBER 31, JUNE 30,
2003 2004
---- ----
CURRENT ASSETS:
Cash and cash equivalents .......................................... $ 34,447 $ 70,316
Accounts and notes receivable, net ................................. 462,988 288,903
Accrued unbilled revenue ........................................... 323,844 106,670
Accounts and notes receivable - affiliated companies, net .......... -- 258,582
Materials and supplies ............................................. 26,859 27,334
Natural gas inventory .............................................. 160,367 131,182
Non-trading derivative assets ...................................... 45,897 59,620
Taxes receivable ................................................... 32,023 --
Prepaid expenses ................................................... 11,104 1,766
Other .............................................................. 71,597 69,535
----------- -----------
Total current assets ............................................. 1,169,126 1,013,908
----------- -----------
PROPERTY, PLANT AND EQUIPMENT:
Property, plant and equipment ...................................... 4,086,750 4,154,318
Less accumulated depreciation ...................................... (351,189) (393,765)
----------- -----------
Property, plant and equipment, net ............................... 3,735,561 3,760,553
----------- -----------
OTHER ASSETS:
Goodwill ........................................................... 1,740,510 1,740,510
Other intangibles, net ............................................. 20,101 19,844
Non-trading derivative assets ...................................... 11,273 16,849
Accounts and notes receivable - affiliated companies, net .......... 33,929 25,098
Other .............................................................. 142,162 144,527
----------- -----------
Total other assets ............................................... 1,947,975 1,946,828
----------- -----------
TOTAL ASSETS ......................................................... $ 6,852,662 $ 6,721,289
=========== ===========
CENTERPOINT ENERGY RESOURCES CORP. AND SUBSIDIARIES
(AN INDIRECT WHOLLY OWNED SUBSIDIARY OF CENTERPOINT ENERGY, INC.)
CONSOLIDATED BALANCE SHEETS -- (CONTINUED)
(THOUSANDS OF DOLLARS)
(UNAUDITED)
LIABILITIES AND STOCKHOLDER'S EQUITY
DECEMBER 31, JUNE 30,
2003 2004
---- ----
CURRENT LIABILITIES:
Short-term borrowings ......................................... $ 63,000 $ --
Current portion of long-term debt ............................. -- 41,873
Accounts payable .............................................. 528,394 408,515
Accounts and notes payable - affiliated companies, net ........ 23,351 --
Taxes accrued ................................................. 65,636 59,111
Interest accrued .............................................. 58,505 59,800
Customer deposits ............................................. 58,372 59,094
Non-trading derivative liabilities ............................ 6,537 5,586
Accumulated deferred income taxes, net ........................ 8,856 21,314
Other ......................................................... 125,132 140,614
---------- ----------
Total current liabilities ................................. 937,783 795,907
---------- ----------
OTHER LIABILITIES:
Accumulated deferred income taxes, net ........................ 645,125 641,919
Non-trading derivative liabilities ............................ 3,330 1,654
Benefit obligations ........................................... 130,980 129,458
Other ......................................................... 571,005 549,454
---------- ----------
Total other liabilities ................................... 1,350,440 1,322,485
---------- ----------
LONG-TERM DEBT .................................................. 2,370,974 2,328,131
---------- ----------
COMMITMENTS AND CONTINGENCIES
STOCKHOLDER'S EQUITY:
Common stock .................................................. 1 1
Paid-in capital ............................................... 1,985,254 1,985,273
Retained earnings ............................................. 173,682 246,125
Accumulated other comprehensive income ........................ 34,528 43,367
---------- ----------
Total stockholder's equity ................................ 2,193,465 2,274,766
---------- ----------
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY ................... $6,852,662 $6,721,289
========== ==========
TEXAS GENCO HOLDINGS, INC.
CONSOLIDATED BALANCE SHEETS
(THOUSANDS OF DOLLARS)
(UNAUDITED)
DECEMBER 31, JUNE 30,
2003 2004
---- ----
ASSETS
CURRENT ASSETS:
Cash .................................................................................. $ 33 $ 38
Short-term investments ................................................................ 44,525 184,522
Short-term note receivable - affiliated companies, net ................................ -- 1,283
Customer accounts receivable .......................................................... 78,122 103,139
Accounts receivable, other ............................................................ 3,716 2,486
Materials and supplies ................................................................ 92,409 91,569
Fuel stock ............................................................................ 77,283 76,315
Prepaid expenses and other current assets ............................................. 2,304 3,484
----------- -----------
Total current assets ............................................................. 298,392 462,836
----------- -----------
PROPERTY, PLANT AND EQUIPMENT:
Property, plant and equipment ......................................................... 9,834,904 9,899,135
Less accumulated depreciation and amortization ........................................ (5,709,309) (5,804,711)
----------- -----------
Property, plant and equipment, net .................................................. 4,125,595 4,094,424
----------- -----------
OTHER ASSETS:
Nuclear decommissioning trust ......................................................... 189,182 198,275
Other ................................................................................. 26,462 23,305
----------- -----------
Total other assets ............................................................... 215,644 221,580
----------- -----------
TOTAL ASSETS .................................................................. $ 4,639,631 $ 4,778,840
=========== ===========
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable - affiliated companies, net ......................................... $ 7,802 $ 11,517
Accounts payable, fuel ................................................................ 68,747 97,111
Accounts payable, other ............................................................... 40,165 48,188
Taxes and interest accrued ............................................................ 107,605 62,358
Deferred capacity auction revenue ..................................................... 86,853 109,566
Other ................................................................................. 17,579 13,870
----------- -----------
Total current liabilities ........................................................ 328,751 342,610
----------- -----------
OTHER LIABILITIES:
Accumulated deferred income taxes, net ................................................ 844,545 836,702
Unamortized investment tax credit ..................................................... 150,533 144,765
Nuclear decommissioning reserve ....................................................... 187,997 222,958
Benefit obligations ................................................................... 18,399 20,715
Accrued reclamation costs ............................................................. 6,000 6,220
Other ................................................................................. 70,245 70,701
----------- -----------
Total other liabilities .......................................................... 1,277,719 1,302,061
----------- -----------
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY:
Common stock (80,000,000 shares outstanding at December 31, 2003 and June 30,
2004, respectively) ................................................................. 1 1
Additional paid-in capital ............................................................ 2,917,444 2,917,444
Retained earnings ..................................................................... 115,716 216,724
----------- -----------
Total shareholders' equity ....................................................... 3,033,161 3,134,169
----------- -----------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY .................................... $ 4,639,631 $ 4,778,840
=========== ===========
EXHIBIT C
CENTERPOINT ENERGY, INC. AND SUBSIDIARIES
CAPITAL STRUCTURE BY ENTITY
AS OF JUNE 30, 2004
(IN THOUSANDS)
CENTERPOINT CENTERPOINT
ENERGY ENERGY TEXAS GENCO
CENTERPOINT HOUSTON RESOURCES HOLDINGS,
ENERGY, INC. ELECTRIC, LLC CORP. INC.
------------ ------------- ----- ----
CURRENT PORTION OF LONG-TERM DEBT $ 207,768 1.58% $ 43,099 0.65% $ 41,873 0.90% $ - 0.00%
INDEXED DEBT SECURITIES DERIVATIVE 312,227 2.37% - 0.00% - 0.00% - 0.00%
DEBT TO AFFILIATE-CENTERPOINT ENERGY, INC. - 0.00% 321,817 4.87% - 0.00% - 0.00%
LONG-TERM DEBT 10,601,087 80.39% 3,562,771 53.89% 2,328,131 50.12% - 0.00%
MINORITY INTEREST 198,131 1.50% - 0.00% - 0.00% - 0.00%
COMMON STOCK 3,074 0.02% 1 0.00% 1 0.00% 1 0.00%
ADDITIONAL PAID-IN CAPITAL 2,885,593 21.88% 2,190,111 33.13% 1,985,273 42.74% 2,917,444 93.09%
RETAINED EARNINGS (630,084) -4.78% 493,589 7.47% 246,125 5.30% 216,724 6.91%
ACCUMULATED OTHER COMPREHENSIVE INCOME (391,076) -2.97% - 0.00% 43,367 0.93% - 0.00%
----------- ---------- ---------- ----------
TOTAL CAPITALIZATION $13,186,720 100.00% $6,611,388 100.00% $4,644,770 100.00% $3,134,169 100.00%
=========== ====== ========== ====== ========== ====== ========== ======
EXHIBIT D
CENTERPOINT ENERGY, INC. AND SUBSIDIARIES
ROLLFORWARD OF EQUITY
FOR THE QUARTER ENDED JUNE 30, 2004
(IN THOUSANDS)
OTHER
BEGINNING NET DEFERRED CHANGES IN
BALANCE GAIN FROM STOCK- ENDING
MARCH 31, CASH FLOW ISSUANCES OF BALANCE JUNE
2004 NET INCOME DIVIDENDS HEDGES STOCK 30, 2004
SHAREHOLDERS' EQUITY
Common stock $ 3,071 $ - $ - $ - $ 3 $ 3,074
Additional paid-in capital 2,882,417 - - - 3,176 2,885,593
Retained earnings (deficit) (657,012) 57,652 (30,724) - - (630,084)
Net deferred loss from cash flow hedges (25,983) - - 7,520 - (18,463)
Benefits - minimum liability adjustment (372,613) - - - - (372,613)
TOTAL SHAREHOLDERS' EQUITY $ 1,829,880 $ 57,652 $(30,724) $ 7,520 $ 3,179 $1,867,507
CENTERPOINT ENERGY RESOURCES CORP. AND SUBSIDIARIES
ROLLFORWARD OF EQUITY
FOR THE QUARTER ENDED JUNE 30, 2004
(IN THOUSANDS)
BEGINNING OTHER ENDING
BALANCE MARCH DIVIDEND TO COMPREHENSIVE BALANCE JUNE
31, 2004 NET INCOME PARENT INCOME OTHER 30, 2004
STOCKHOLDER'S EQUITY
Common stock $ 1 $ - $ - $ - $ - $ 1
Paid-in Capital 1,985,275 - - - (2) 1,985,273
Retained earnings 247,873 10,752 (12,500) - - 246,125
Accumulated other comprehensive income 39,914 - - 3,453 - 43,367
TOTAL STOCKHOLDER'S EQUITY $ 2,273,063 $ 10,752 $ (12,500) $ 3,453 $ (2) $2,274,766
CENTERPOINT ENERGY HOUSTON ELECTRIC, LLC AND SUBSIDIARIES
ROLLFORWARD OF EQUITY
FOR THE QUARTER ENDED JUNE 30, 2004
(IN THOUSANDS)
BEGINNING ENDING
BALANCE MARCH NET DIVIDEND BALANCE JUNE
31, 2004 INCOME TO PARENT 30, 2004
------------- -------- --------- ------------
MEMBER'S EQUITY
Common Stock $ 1 $ - $ 1
Paid-in Capital 2,190,111 - 2,190,111
Retained earnings 554,023 39,566 (100,000) 493,589
----------- -------- --------- -----------
TOTAL MEMBER'S EQUITY $ 2,744,135 $ 39,566 $(100,000) $ 2,683,701
=========== ======== ========= ===========
TEXAS GENCO HOLDINGS, INC.
ROLLFORWARD OF EQUITY
FOR THE QUARTER ENDED JUNE 30, 2004
(IN THOUSANDS)
BEGINNING ENDING
BALANCE MARCH BALANCE JUNE
31, 2004 NET INCOME DIVIDENDS 30, 2004
------------- ---------- --------- ------------
SHAREHOLDERS' EQUITY
Common stock $ 1 $ - $ - $ 1
Paid-in Capital 2,917,444 - - 2,917,444
Retained earnings 156,608 80,116 (20,000) 216,724
----------- -------- --------- -----------
TOTAL SHAREHOLDERS' EQUITY $ 3,074,053 $ 80,116 $ (20,000) $ 3,134,169
=========== ======== ========= ===========
.
.
.
EXHIBIT E
CENTERPOINT ENERGY, INC.
June 30, 2004
INVESTING/BORROWING RATE 4.6037% MONEY POOL #1
===============================================================================================================================
PRIOR DAY (TO MP) (FROM MP) TODAY'S
COMPANY NAME CO. CODE POSITION POSITION
===============================================================================================================================
CenterPoint Energy, Inc. 0299 323,000 16,340,000 16,663,000
- -------------------------------------------------------------------------------------------------------------------------------
CE Houston Electric, LLC 0003 (70,512,868) 100,454,000 (170,966,868)
- -------------------------------------------------------------------------------------------------------------------------------
CE Products, Inc. 0057 254,956 254,956
- -------------------------------------------------------------------------------------------------------------------------------
CE Resources Corp. 0016 191,022,912 84,412,000 275,434,912
- -------------------------------------------------------------------------------------------------------------------------------
CE Service Company, LLC 0002 (32,505,000) 308,000 (32,813,000)
- -------------------------------------------------------------------------------------------------------------------------------
CE Funding Company 0051 4,578,000 4,578,000
- -------------------------------------------------------------------------------------------------------------------------------
CE Properties, Inc. 0056 (93,161,000) 10,000 (93,151,000)
- -------------------------------------------------------------------------------------------------------------------------------
CE International, Inc. 0093 - -
- -------------------------------------------------------------------------------------------------------------------------------
TOTAL POOL ACTIVITY - 100,762,000 100,762,000 -
- -------------------------------------------------------------------------------------------------------------------------------
TOTAL SOURCES 196,178,868 296,930,868
- ------------------------------------------------------------------ ----------------------
TOTAL USES (196,178,868) (296,930,868)
- ------------------------------------------------------------------ ----------------------
NET - -
===============================================================================================================================
INVESTING/BORROWING RATE 1.2713% MONEY POOL #2
===============================================================================================================================
PRIOR DAY (TO MP) (FROM MP) TODAY'S
COMPANY NAME CO. CODE POSITION POSITION
===============================================================================================================================
CenterPoint Energy, Inc. 0299 - -
- -------------------------------------------------------------------------------------------------------------------------------
Texas Genco GP, LLC 0356 1,000 1,000
- -------------------------------------------------------------------------------------------------------------------------------
Texas Genco, LP 0004 - -
- -------------------------------------------------------------------------------------------------------------------------------
Texas Genco Holdings, Inc. 0310 126,000 16,000 110,000
- -------------------------------------------------------------------------------------------------------------------------------
Texas Genco Services, LP 0379 1,161,000 26,000 1,187,000
- -------------------------------------------------------------------------------------------------------------------------------
CE Funding Company 0051 - -
- -------------------------------------------------------------------------------------------------------------------------------
CE Properties, Inc. 0056 (1,288,000) 10,000 (1,298,000)
- -------------------------------------------------------------------------------------------------------------------------------
CE International, Inc. 9021 - -
- -------------------------------------------------------------------------------------------------------------------------------
TOTAL POOL ACTIVITY - 26,000 26,000 -
- -------------------------------------------------------------------------------------------------------------------------------
TOTAL SOURCES 1,162,000 1,298,000
- ------------------------------------------------------------------ ----------------------
TOTAL USES (1,162,000) (1,298,000)
- ------------------------------------------------------------------ ----------------------
NET - -
===============================================================================================================================
===============================================================================================================================
PRIOR DAY OUTSTANDING
EXTERNAL INVESTMENTS INVESTMENT INVEST (REDEEM) INVESTMENT
===============================================================================================================================
CenterPoint Energy, Inc. - -
- -------------------------------------------------------------------------------------------------------------------------------
CE Houston Electric, LLC - -
- -------------------------------------------------------------------------------------------------------------------------------
CE Resources Corp. 160,845,000 (102,719,000) 58,126,000
- -------------------------------------------------------------------------------------------------------------------------------
Texas Genco, LP 189,204,000 (4,682,000) 184,522,000
- -------------------------------------------------------------------------------------------------------------------------------
CE Properties, Inc. - -
- -------------------------------------------------------------------------------------------------------------------------------
TOTAL INVESTMENTS 350,049,000 - (107,401,000) 242,648,000
===============================================================================================================================
===============================================================================================================================
PRIOR DAY INCREASE TODAY'S
LOANS - CNP OUTSTANDING (REPAY) OUTSTANDING WTD RATE
===============================================================================================================================
Term Mat 10/08/04 920,000,000 (2,500,000) 917,500,000 4.722500%
- -------------------------------------------------------------------------------------------------------------------------------
Revolver Mat 10/28/04 90,000,000 - 90,000,000 4.350000%
- -------------------------------------------------------------------------------------------------------------------------------
Revolver Mat 10/26/04 50,000,000 - 50,000,000 4.325000%
- -------------------------------------------------------------------------------------------------------------------------------
Revolver Mat 10/19/04 100,000,000 - 100,000,000 4.290000%
- -------------------------------------------------------------------------------------------------------------------------------
Revolver Mat 07/09/04 437,000,000 - 437,000,000 4.235000%
- -------------------------------------------------------------------------------------------------------------------------------
Revolver Mat 07/07/04 48,000,000 (48,000,000) - 0.000000%
- -------------------------------------------------------------------------------------------------------------------------------
Revolver Mat 07/06/04 30,000,000 (30,000,000) - 0.000000%
- -------------------------------------------------------------------------------------------------------------------------------
Revolver ABR 6,000,000 (6,000,000) - 0.000000%
- -------------------------------------------------------------------------------------------------------------------------------
CNP TOTAL 1,681,000,000 (86,500,000) 1,594,500,000 4.528278%
===============================================================================================================================
===============================================================================================================================
PRIOR DAY INCREASE TODAY'S
BANK LOANS - CERC OUTSTANDING (REPAY) OUTSTANDING WTD RATE
===============================================================================================================================
Revolver - 0.00000%
- -------------------------------------------------------------------------------------------------------------------------------
CERC TOTAL - - - 0.00000%
===============================================================================================================================
===============================================================================================================================
PRIOR DAY INCREASE TODAY'S
BANK LOANS - GENCO OUTSTANDING (REPAY) OUTSTANDING WTD RATE
===============================================================================================================================
Revolver - - - 0.00000%
- -------------------------------------------------------------------------------------------------------------------------------
GENCO TOTAL - - - 0.00000%
===============================================================================================================================
===============================================================================================================================
Remaining Capacity under FACILITY LOANS
Facilities SIZE OUTSTANDING LOCS REMAINING
===============================================================================================================================
CNP Term Loan 917,500,000 917,500,000 - 0
- -------------------------------------------------------------------------------------------------------------------------------
CNP Revolver 1,425,000,000 677,000,000 28,333,000 719,667,000
- -------------------------------------------------------------------------------------------------------------------------------
CERC Revolver 250,000,000 - - 250,000,000
- -------------------------------------------------------------------------------------------------------------------------------
GENCO Revolver 75,000,000 - 75,000,000
- -------------------------------------------------------------------------------------------------------------------------------
TOTAL 2,667,500,000 1,594,500,000 28,333,000 1,044,667,000
===============================================================================================================================
===============================================================================================================================
PRIOR DAY TODAY'S
Liquidity AMOUNT AMOUNT
===============================================================================================================================
External Investments 350,049,000 242,648,000
- -------------------------------------------------------------------------------------------------------------------------------
Remaining Capacity under
Facilities 960,667,000 1,044,667,000
- -------------------------------------------------------------------------------------------------------------------------------
TOTAL LIQUIDITY 1,310,716,000 - - 1,287,315,000
===============================================================================================================================
EXHIBIT F
CENTERPOINT ENERGY, INC. AND SUBSIDIARIES
INVESTMENT IN FINANCING SUBSIDIARIES
AS OF JUNE 30, 2004
Utility Holding Company
10054 CenterPoint Energy Capital Trust II (1) 3,194,584
10129 CenterPoint Energy Trust I (1) 11,550,155
10181 CenterPoint Energy Investment Management, Inc. 711,925,335
CenterPoint Energy Resources Corp.
10381 CenterPoint Energy Resources Trust (1) 5,424,565
10375 CenterPoint Energy Gas Receivables, LLC (2) 48,751,001
(1) Under GAAP accounting (FIN 46), the Trust subsidiaries are deconsolidated
from CenterPoint Energy Inc and CenterPoint Energy Resources Corp financial
statements as of December 31, 2003, forward.
(2) CenterPoint Energy Gas Receivables is a subsidiary that began activity in
November 2002.
