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Filed Pursuant to Rule 433
Registration Statement No. 333-128187
May 15, 2006
PRICING TERM SHEET
(to Preliminary Prospectus Supplement dated May 15, 2006)
     
Issuer:
  Centerpoint Energy Resources Corp.
 
   
Security:
  6.15% Senior Notes due 2016
 
   
Size:
  $325,000,000
 
   
Maturity Date:
  May 1, 2016
 
   
Ratings:
  Moody’s          Baa3
S&P                 BBB
Fitch                BBB
 
   
Coupon:
  6.15%
 
   
Interest Payment Dates:
  May 1 and November 1, commencing November 1, 2006
 
   
Price to public:
  99.644%
 
   
Make-whole call:
  At any time at a discount rate of Treasury plus 20 basis points
 
   
Expected Settlement Date:
  May 18, 2006
 
   
Underwriters:
  Barclays Capital Inc.
LaSalle Financial Services, Inc.
Scotia Capital (USA) Inc.
HSBC Securities (USA) Inc.
Lazard Capital Markets LLC
RBC Capital Markets Corporation
Greenwich Capital Markets, Inc.
SunTrust Capital Markets, Inc.
Wells Fargo Securities, LLC
 
   
Treasury Benchmark:
  5.125% due May 15, 2016
 
   
Treasury Yield:
  5.149%
 
   
Reoffer Spread:
  +105 basis points
 
   
Yield to Maturity:
  6.199%
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free at (888) 227-2275 extension 2663.