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 March 31, 2005. 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. 1
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. 323,612 shares were issued under the Investor's Choice Plan. 1,215 shares of common stock were issued for the conversion of NorAm securities (702 shares relating to the conversion of 6-1/4% convertible preferred and 513 shares relating to the conversion of 6% convertible sub. debentures). 318,731 stock options that had been granted previously under the Company's Long Term Incentive Plan were exercised. 15,670 shares of time based restricted stock that had been granted under the Company's Long Term Incentive Plan vested. 299,285 shares of performance based restricted stock that had been granted under the Company's Long Term Incentive Plan in 2001 vested. 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. 2
On March 7, 2005, CenterPoint replaced its $750 million revolving credit facility with a $1 billion five-year revolving credit facility. Borrowings may be made under the facility at the London interbank offered rate ("LIBOR") plus 100 basis points based on current credit ratings. An additional utilization fee of 12.5 basis points applies to borrowings any time more than 50% of the facility is utilized. On March 15, 2005, CenterPoint borrowed $416 million under its $1 billion five-year revolving credit facility. The Company used substantially all of the borrowing to make a federal income tax payment. After the borrowing on March 15, 2005, there was a total of $651 million outstanding under the Companys $1 billion credit facility. Except for borrowings under the revolving credit facility, 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 March 7, 2005, CenterPoint Energy Houston Electric, LLC, a wholly owned subsidiary of the Company ("CEHE"), established a $200 million five-year revolving credit facility. Borrowings may be made under the facility at LIBOR plus 75 basis points based on CEHE's current credit rating. An additional utilization fee of 12.5 basis points applies to borrowings any time more than 50% of the facility is utilized. In addition, although no debt has been issued in this regard, CEHE also established on March 7, 2005 a $1.31 billion stand-by credit facility. Based on CEHE's current credit ratings, borrowings under the facility can be made at LIBOR plus 75 basis points. Changes in credit ratings would lower or raise the increment to LIBOR depending on whether ratings improved or were lowered. The $1.31 billion stand-by credit facility may be drawn only to repay CEHE's existing $1.31 billion term loan in the event that CEHE has not received sufficient proceeds from the issuance of transition bonds authorized by the Public Utility Commission of Texas to repay that term loan when it matures in November 2005.(1) Any drawings under the stand-by - -------------------- (1) On March 16, 2005, the Public Utility Commission of Texas issued its written financing order to CEHE. The financing order authorized the issuance of transition bonds under the terms of the Texas Electric Choice Plan so that the Company and CEHE could 3
credit facility will be converted into two-year term loans after the draw and will be secured by CEHE's general mortgage bonds. As of March 31, 2005, CenterPoint Energy Resources Corp. ("CERC") had a revolving credit facility that provided for an aggregate of $250 million in committed credit. The revolving credit facility terminates on March 23, 2007. Fully-drawn rates for borrowings under this facility, including the facility fee, are LIBOR plus 150 basis points based on current credit ratings and the applicable pricing grid. As of March 31, 2005, such credit facility was not utilized. No long-term debt was issued during the quarter. 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. - -------------------- begin to recover a portion of the stranded costs and certain other amounts authorized under the Texas electric restructuring law. Appeals of the financing order were taken by several parties, and CEHE does not anticipate issuing transition bonds until those appeals are resolved. 4
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 May 9, 2005 (File No. 001-31447), the Quarterly Report on Form 10-Q filed by CenterPoint Energy Resources Corp. on May 11, 2005 (File No. 001-13265), and the Quarterly Report on Form 10-Q filed by CenterPoint Energy Houston Electric, LLC on May 11, 2005 (File No. 001-03187), 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. 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. 5
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. None. 6
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. 7
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: May 31, 2005 8
Exhibits - -------- Exhibit Description Exhibit A CenterPoint Energy, Inc. and CenterPoint Energy Resources Corp. Guaranties Issued or Amended During First Quarter 2005 (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, and CenterPoint Energy Resources Corp. and Subsidiaries (as of March 31, 2005) Exhibit C Capital Structure Chart of CenterPoint Energy, Inc., CenterPoint Energy Houston Electric, LLC, and CenterPoint Energy Resources Corp. as of March 31, 2005 Exhibit D Retained Earnings Analysis of CenterPoint Energy, Inc., CenterPoint Energy Houston Electric, LLC, and CenterPoint Energy Resources Corp. Exhibit E Money Pool Participants and Outstanding Borrowings as of March 31, 2005 Exhibit F CenterPoint Energy, Inc. Investments in Financing Subsidiaries as of March 31, 2005 Exhibit G CenterPoint Consolidated Financials (forecasts through 2009) (filed in connection herewith with a request for confidential treatment) 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) 9
EXHIBIT B FILE NO. 070-10128 CENTERPOINT ENERGY, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (THOUSANDS OF DOLLARS) (UNAUDITED) ASSETS DECEMBER 31, MARCH 31, 2004 2005 -------------- -------------- CURRENT ASSETS: Cash and cash equivalents................................................ $ 164,645 $ 305,293 Investment in Time Warner common stock................................... 420,882 379,767 Accounts receivable, net................................................. 741,715 732,977 Accrued unbilled revenues................................................ 576,252 380,860 Natural gas inventory.................................................... 174,232 75,324 Materials and supplies................................................... 77,902 75,844 Non-trading derivative assets............................................ 50,219 85,664 Current assets of discontinued operations................................ 513,768 122,908 Prepaid expenses and other current assets................................ 116,909 76,613 -------------- -------------- Total current assets................................................... 2,836,524 2,235,250 -------------- -------------- PROPERTY, PLANT AND EQUIPMENT: Property, plant and equipment............................................ 10,963,569 11,037,100 Less accumulated depreciation and amortization........................... (2,777,176) (2,836,087) -------------- -------------- Property, plant and equipment, net..................................... 8,186,393 8,201,013 -------------- -------------- OTHER ASSETS: Goodwill, net............................................................ 1,740,510 1,740,510 Other intangibles, net................................................... 58,068 57,565 Regulatory assets........................................................ 3,349,944 3,389,785 Non-trading derivative assets............................................ 17,682 44,153 Non-current assets of discontinued operations............................ 1,051,158 1,044,483 Other.................................................................... 921,678 842,330 -------------- -------------- Total other assets..................................................... 7,139,040 7,118,826 -------------- -------------- TOTAL ASSETS......................................................... $ 18,161,957 $ 17,555,089 ============== ==============
EXHIBIT B FILE NO. 070-10128 CENTERPOINT ENERGY, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS - (CONTINUED) (THOUSANDS OF DOLLARS) (UNAUDITED) LIABILITIES AND SHAREHOLDERS' EQUITY DECEMBER 31, MARCH 31, 2004 2005 -------------- -------------- CURRENT LIABILITIES: Current portion of transition bond long-term debt....................... $ 46,806 $ 49,352 Current portion of other long-term debt................................. 1,789,182 1,784,772 Indexed debt securities derivative...................................... 341,575 302,046 Accounts payable........................................................ 868,023 696,707 Taxes accrued........................................................... 609,025 159,397 Interest accrued........................................................ 151,365 137,227 Non-trading derivative liabilities...................................... 26,323 21,169 Regulatory liabilities.................................................. 225,158 225,159 Accumulated deferred income taxes, net.................................. 260,958 282,696 Current liabilities of discontinued operations.......................... 448,974 104,795 Other................................................................... 419,811 438,861 -------------- -------------- Total current liabilities............................................. 5,187,200 4,202,181 -------------- -------------- OTHER LIABILITIES: Accumulated deferred income taxes, net.................................. 2,415,143 2,439,554 Unamortized investment tax credits...................................... 53,690 51,814 Non-trading derivative liabilities...................................... 6,413 4,425 Benefit obligations..................................................... 440,110 429,252 Regulatory liabilities.................................................. 1,081,370 1,042,580 Non-current liabilities of discontinued operations...................... 420,393 367,176 Other................................................................... 259,120 239,785 -------------- -------------- Total other liabilities............................................... 4,676,239 4,574,586 -------------- -------------- LONG-TERM DEBT: Transition bonds........................................................ 628,903 610,453 Other................................................................... 6,564,113 7,032,735 -------------- -------------- Total long-term debt.................................................. 7,193,016 7,643,188 -------------- -------------- COMMITMENTS AND CONTINGENCIES SHAREHOLDERS' EQUITY: Common stock (308,045,215 shares and 309,003,728 shares outstanding at December 31, 2004 and March 31, 2005, respectively)................ 3,080 3,090 Additional paid-in capital.............................................. 2,891,335 2,900,793 Retained deficit........................................................ (1,727,571) (1,722,214) Accumulated other comprehensive loss.................................... (61,342) (46,535) -------------- -------------- Total shareholders' equity............................................ 1,105,502 1,135,134 -------------- -------------- TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY.......................... $ 18,161,957 $ 17,555,089 ============== ==============
EXHIBIT B FILE NO. 070-10128 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, MARCH 31, 2004 2005 -------------- -------------- CURRENT ASSETS: Cash and cash equivalents................................................ $ 24,928 $ 10,414 Accounts and notes receivable, net....................................... 124,452 115,628 Accounts and notes receivable -- affiliated companies, net............... 57,656 -- Accrued unbilled revenues................................................ 74,089 64,563 Materials and supplies................................................... 52,886 50,513 Taxes receivable......................................................... 62,078 126,647 Deferred tax asset....................................................... 78,656 78,656 Other.................................................................... 12,201 11,741 -------------- -------------- Total current assets................................................... 486,946 458,162 -------------- -------------- PROPERTY, PLANT AND EQUIPMENT: Property, plant and equipment............................................ 6,245,302 6,279,183 Less accumulated depreciation and amortization........................... (2,203,846) (2,241,931) -------------- -------------- Property, plant and equipment, net..................................... 4,041,456 4,037,252 -------------- -------------- OTHER ASSETS: Other intangibles, net................................................... 38,349 38,189 Regulatory assets........................................................ 3,328,865 3,367,852 Notes receivable -- affiliated companies................................. 814,513 814,513 Other.................................................................... 72,624 57,865 -------------- -------------- Total other assets..................................................... 4,254,351 4,278,419 -------------- -------------- TOTAL ASSETS......................................................... $ 8,782,753 $ 8,773,833 ============== ==============
EXHIBIT B FILE NO. 070-10128 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, MARCH 31, 2004 2005 -------------- -------------- CURRENT LIABILITIES: Current portion of transition bond long-term debt....................... $ 46,806 $ 49,352 Current portion of other long-term debt................................. 1,310,106 1,310,107 Accounts payable........................................................ 40,852 26,313 Accounts and notes payable -- affiliated companies, net................. -- 74,377 Taxes accrued........................................................... 104,862 46,698 Interest accrued........................................................ 67,897 39,170 Regulatory liabilities.................................................. 224,732 224,732 Other................................................................... 57,706 55,912 -------------- -------------- Total current liabilities............................................. 1,852,961 1,826,661 -------------- -------------- OTHER LIABILITIES: Accumulated deferred income taxes, net.................................. 1,377,199 1,390,821 Unamortized investment tax credits...................................... 48,874 47,131 Benefit obligations..................................................... 128,092 127,519 Regulatory liabilities.................................................. 648,305 601,028 Notes payable -- affiliated companies................................... 150,850 150,850 Accounts payable -- affiliated companies................................ 303,472 303,472 Other................................................................... 18,174 15,390 -------------- -------------- Total other liabilities............................................... 2,674,966 2,636,211 -------------- -------------- LONG-TERM DEBT: Transition bonds........................................................ 628,903 610,453 Other................................................................... 1,592,429 1,647,153 -------------- -------------- Total long-term debt.................................................. 2,221,332 2,257,606 -------------- -------------- COMMITMENTS AND CONTINGENCIES MEMBER'S EQUITY: Common stock............................................................ 1 1 Paid-in capital......................................................... 2,278,090 2,269,823 Retained deficit........................................................ (244,597) (216,469) -------------- -------------- Total member's equity................................................. 2,033,494 2,053,355 -------------- -------------- TOTAL LIABILITIES AND MEMBER'S EQUITY............................... $ 8,782,753 $ 8,773,833 ============== ==============
EXHIBIT B FILE NO. 070-10128 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, MARCH 31, 2004 2005 -------------- -------------- CURRENT ASSETS: Cash and cash equivalents................................................. $ 140,466 $ 253,927 Accounts and notes receivable, net........................................ 612,708 613,247 Accrued unbilled revenue.................................................. 502,163 316,298 Accounts and notes receivable - affiliated companies, net................. 11,987 145,561 Materials and supplies.................................................... 25,017 25,331 Natural gas inventory..................................................... 174,232 75,324 Non-trading derivative assets............................................. 50,219 85,664 Taxes receivable.......................................................... 155,155 141,371 Deferred tax asset........................................................ 12,256 -- Prepaid expenses.......................................................... 8,308 11,606 Other..................................................................... 92,160 46,304 -------------- -------------- Total current assets.................................................... 1,784,671 1,714,633 -------------- -------------- PROPERTY, PLANT AND EQUIPMENT: Property, plant and equipment............................................. 4,296,061 4,331,226 Less accumulated depreciation............................................. (461,978) (477,704) -------------- -------------- Property, plant and equipment, net...................................... 3,834,083 3,853,522 -------------- -------------- OTHER ASSETS: Goodwill.................................................................. 1,740,510 1,740,510 Other intangibles, net.................................................... 19,719 19,376 Non-trading derivative assets............................................. 17,682 44,153 Accounts and notes receivable - affiliated companies, net................. 18,197 17,240 Other..................................................................... 118,089 118,936 -------------- -------------- Total other assets...................................................... 1,914,197 1,940,215 -------------- -------------- TOTAL ASSETS................................................................ $ 7,532,951 $ 7,508,370 ============== ==============
EXHIBIT B FILE NO. 070-10128 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, MARCH 31, 2004 2005 -------------- -------------- CURRENT LIABILITIES: Current portion of long-term debt......................................... $ 366,873 $ 361,000 Accounts payable.......................................................... 798,661 647,099 Taxes accrued............................................................. 77,802 75,795 Interest accrued.......................................................... 57,741 50,824 Customer deposits......................................................... 60,164 60,149 Non-trading derivative liabilities........................................ 26,323 21,169 Accumulated deferred income taxes, net.................................... -- 3,941 Other..................................................................... 272,996 302,685 -------------- -------------- Total current liabilities............................................. 1,660,560 1,522,662 -------------- -------------- OTHER LIABILITIES: Accumulated deferred income taxes, net.................................... 640,780 644,463 Non-trading derivative liabilities........................................ 6,412 4,425 Benefit obligations....................................................... 128,537 125,620 Other..................................................................... 556,819 535,641 -------------- -------------- Total other liabilities............................................... 1,332,548 1,310,149 -------------- -------------- LONG-TERM DEBT.............................................................. 2,000,696 1,999,999 -------------- -------------- COMMITMENTS AND CONTINGENCIES STOCKHOLDER'S EQUITY: Common stock.............................................................. 1 1 Paid-in capital........................................................... 2,231,906 2,262,589 Retained earnings......................................................... 305,291 401,248 Accumulated other comprehensive income.................................... 1,949 11,722 -------------- -------------- Total stockholder's equity............................................ 2,539,147 2,675,560 -------------- -------------- TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY............................... $ 7,532,951 $ 7,508,370 ============== ==============
EXHIBIT C FILE NO. 070-10128 CENTERPOINT ENERGY, INC. AND SUBSIDIARIES CAPITAL STRUCTURE BY ENTITY AS OF MARCH 31, 2005 (IN THOUSANDS) CENTERPOINT CENTERPOINT ENERGY ENERGY CENTERPOINT HOUSTON RESOURCES ENERGY, INC. ELECTRIC, LLC CORP. ------------- ------------- ------------- CURRENT PORTION OF LONG-TERM DEBT $ 1,834,124 16.80% $ 1,359,459 23.35% $ 361,000 7.17% INDEXED DEBT SECURITIES DERIVATIVE 302,046 2.77% - 0.00% - 0.00% DEBT TO AFFILIATE-CENTERPOINT ENERGY, INC. - 0.00% 150,850 2.59% - 0.00% LONG-TERM DEBT 7,643,188 70.03% 2,257,606 38.78% 1,999,999 39.71% COMMON STOCK 3,090 0.03% 1 0.00% 1 0.00% ADDITIONAL PAID-IN CAPITAL 2,900,793 26.58% 2,269,823 38.99% 2,262,589 44.92% RETAINED EARNINGS (DEFICIT) (1,722,214) -15.78% (216,469) -3.72% 401,248 7.97% ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (46,535) -0.43% - 0.00% 11,722 0.23% ------------- ------------- ------------- TOTAL CAPITALIZATION $ 10,914,492 100.00% $ 5,821,270 100.00% $ 5,036,559 100.00% ============= ====== ============= ====== ============= ======
EXHIBIT D FILE NO. 070-10128 CENTERPOINT ENERGY, INC. AND SUBSIDIARIES ROLLFORWARD OF EQUITY FOR THE QUARTER ENDED MARCH 31, 2005 (IN THOUSANDS) BEGINNING INCOME BALANCE FROM INCOME FROM LOSS ON DISPOSAL DECEMBER 31, CONTINUING DISCONTINUED OF DISCONTINUED 2004 OPERATIONS OPERATIONS OPERATIONS ------------ ---------- ------------ ---------------- SHAREHOLDERS' EQUITY Common stock $ 3,080 $ - $ - $ - Additional paid-in capital 2,891,335 - - - Retained deficit (1,727,571) 66,652 13,673 (13,237) Net deferred loss from cash flow hedges (51,750) - - - Benefits - minimum liability adjustment (9,592) - - - ------------ ---------- ------------ ---------------- TOTAL SHAREHOLDERS' EQUITY $ 1,105,502 $ 66,652 $ 13,673 $ (13,237) ============ ========== ============ ================ OTHER NET DEFERRED CHANGES IN ENDING GAIN FROM STOCK- BALANCE CASH FLOW ISSUANCES OF MARCH 31, DIVIDENDS HEDGES STOCK 2005 --------- ------------ ------------ ----------- SHAREHOLDERS' EQUITY Common stock $ - $ - $ 10 $ 3,090 Additional paid-in capital - - 9,458 2,900,793 Retained deficit (61,731) - - (1,722,214) Net deferred loss from cash flow hedges - 14,807 - (36,943) Benefits - minimum liability adjustment - - - (9,592) --------- ------------ ------------ ----------- TOTAL SHAREHOLDERS' EQUITY $ (61,731) $ 14,807 $ 9,468 $ 1,135,134 ========= ============ ============ ===========
EXHIBIT D FILE NO. 070-10128 CENTERPOINT ENERGY HOUSTON ELECTRIC, LLC AND SUBSIDIARIES ROLLFORWARD OF EQUITY FOR THE QUARTER ENDED MARCH 31, 2005 (IN THOUSANDS) BEGINNING ENDING BALANCE BALANCE DECEMBER 31, DIVIDEND TO MARCH 31, 2004 NET INCOME PARENT OTHER 2005 ------------ ---------- ----------- ----- ----------- MEMBER'S EQUITY Common stock $ 1 $ - $ - $ - $ 1 Paid-in capital 2,278,090 - (9,042) 775 2,269,823 Retained deficit (244,597) 28,128 - - (216,469) ------------ ---------- ----------- ----- ----------- TOTAL MEMBER'S EQUITY $ 2,033,494 $ 28,128 $ (9,042) $ 775 $ 2,053,355 ============ ========== =========== ===== ===========
EXHIBIT D FILE NO. 070-10128 CENTERPOINT ENERGY RESOURCES CORP. AND SUBSIDIARIES ROLLFORWARD OF EQUITY FOR THE QUARTER ENDED MARCH 31, 2005 (IN THOUSANDS) BEGINNING CONTRIBUTION BALANCE OTHER FROM PARENT- ENDING DECEMBER 31, COMPREHENSIVE TAX BALANCE MARCH 2004 NET INCOME INCOME ALLOCATION 31, 2005 ------------ ---------- ------------- ------------ ------------- STOCKHOLDER'S EQUITY Common stock $ 1 $ - $ - $ - $ 1 Paid-in capital 2,231,906 - - 30,683 2,262,589 Retained earnings 305,291 95,957 - - 401,248 Accumulated other comprehensive income 1,949 - 9,773 - 11,722 ------------ ---------- ------------- ------------ ------------- TOTAL STOCKHOLDER'S EQUITY $ 2,539,147 $ 95,957 $ 9,773 $ 30,683 $ 2,675,560 ============ ========== ============= ============ =============
EXHIBIT E File No. 070-10128 CENTERPOINT ENERGY, INC. MARCH 31, 2005 INVESTING/BORROWING RATE 3.9057% MONEY POOL #1 COMPANY NAME CO. CODE PRIOR DAY MP (TO MP) (FROM MP) TODAY'S MP POSITION POSITION CenterPoint Energy, Inc. 0299 276,000 38,431,000 9,000 38,698,000 CE Houston Electric, LLC 0003 -- 73,513,000 (73,513,000) CE Products, Inc. 0057 (181,000) 33,000 (148,000) CE Resources Corp. 0016 127,375,000 74,306,000 30,839,000 170,842,000 CE Service Company, LLC 0002 (31,600,000) 7,986,000 (39,586,000) CE Funding Company 0051 4,737,000 4,737,000 CE Properties, Inc. 0056 (100,607,000) 4,000 427,000 (101,030,000) CE International, Inc. 0093 -- -- Total Pool Activity 112,774,000 112,774,000 -- Total Sources 132,388,000 214,277,000 Total Uses (132,388,000) (214,277,000) Net -- -- INVESTING/BORROWING RATE 2.7463% GENCO MONEY POOL COMPANY NAME CO. CODE PRIOR DAY MP (TO MP) (FROM MP) TODAY'S MP POSITION POSITION CenterPoint Energy, Inc. 0299 -- -- Texas Genco GP, LLC 0356 (4,000) (4,000) Texas Genco, LP 0384 529,000 529,000 Texas Genco Holdings, Inc. 0310 (525,000) (525,000) CE Funding Company 0051 -- -- CE Properties, Inc. 0056 -- -- CE International, Inc. 9021 -- -- Total Pool Activity -- -- -- Total Sources 529,000 529,000 Total Uses (529,000) (529,000) Net -- -- EXTERNAL INVESTMENTS PRIOR DAY OUTSTANDING INVESTMENT INVEST (REDEEM) INVESTMENT CenterPoint Energy, Inc. 0299 -- -- CE Houston Electric, LLC 0003 2,040,000 (2,040,000) -- CE Resources Corp. 0016 253,417,000 30,839,000 (54,583,000) 229,673,000 Texas Genco, LP 0384 52,438,000 (39,838,000) 12,600,000 CE Properties, Inc. 0056 -- -- Total Investments 307,895,000 30,839,000 (96,461,000) 242,273,000 BANK LOANS - CNP PRIOR DAY TODAY'S OUTSTANDING INCREASE (REPAY) OUTSTANDING WTD RATE Revolver Mat 04/12/05 75,000,000 75,000,000 3.830000% Revolver Mat 04/07/05 180,000,000 180,000,000 3.750000% Revolver Mat 04/11/05 24,000,000 24,000,000 3.771250% Revolver Mat 04/11/05 31,000,000 31,000,000 3.771250% Revolver Mat 04/14/05 325,000,000 325,000,000 3.810000% Revolver ABR 26,000,000 (5,000,000) 21,000,000 5.750000% CNP TOTAL 661,000,000 (5,000,000) 656,000,000 3.854678% BANK LOANS - CEHE PRIOR DAY TODAY'S OUTSTANDING INCREASE (REPAY) OUTSTANDING WTD RATE Revolver Mat 04/07/05 30,000,000 30,000,000 3.50000% Revolver Mat 04/05/05 25,000,000 25,000,000 3.58000% Revolver ABR -- -- 0.00000% CEHE TOTAL 55,000,000 -- 55,000,000 3.536364% BANK LOANS - CERC PRIOR DAY TODAY'S OUTSTANDING INCREASE (REPAY) OUTSTANDING WTD RATE Revolver ABR -- 0.00000% CERC TOTAL -- -- -- 0.00000% PRIOR DAY TODAY'S BANK LOANS - TGN OUTSTANDING INCREASE (REPAY) OUTSTANDING WTD RATE Revolver Mat 04/07/05 59,000,000 59,000,000 4.31250% Revolver Mat 04/29/05 16,000,000 16,000,000 4.43750% TGN TOTAL 75,000,000 -- 75,000,000 4.339167% REMAINING CAPACITY UNDER FACILITIES FACILITY SIZE LOANS LOCS REMAINING OUTSTANDING CNP Revolver 1,000,000,000 656,000,000 39,138,000 304,862,000 CEHE Revolver 200,000,000 55,000,000 -- 145,000,000 CERC Revolver 250,000,000 -- -- 250,000,000 TGN Revolver 75,000,000 75,000,000 -- 0 FACILITY TOTALS 1,525,000,000 786,000,000 39,138,000 699,862,000 LIQUIDITY PRIOR DAY AMOUNT TODAY'S AMOUNT External Investments 307,895,000 242,273,000 Remaining Capacity under Facilities 694,862,000 699,862,000 TOTAL LIQUIDITY 1,002,757,000 -- -- 942,135,000
EXHIBIT F FILE NO. 070-10128 CENTERPOINT ENERGY, INC. INVESTMENT IN FINANCING SUBSIDIARIES AS OF MARCH 31, 2005 CenterPoint Energy Houston Electric, LLC 10174 CNP Transition Bond Co LLC (3) 3,745,485 10401 CNP Transition Bond Co LLC II (3) (11,461) Utility Holding Company 10054 CenterPoint Energy Capital Trust II (1) 3,135,565 10181 CenterPoint Energy Investment Management, Inc. 711,507,638 CenterPoint Energy Resources Corp. 10381 CenterPoint Energy Resources Trust (1) 5,336,000 10375 CenterPoint Energy Gas Receivables, LLC (2) 99,751,001 (1) Under GAAP, 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. (3) CNP Transition Bond Co LLC II began activity in December 2004. CNP Transition Bond Co LLC began activity in October 2001 but was capitalized prior to 2000.