UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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FORM
CURRENT REPORT
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Item 8.01. | Other Events. |
On September 21, 2021, CenterPoint Energy Midstream, Inc. (“CNP Midstream”), a wholly owned subsidiary of CenterPoint Energy, Inc. (“CenterPoint”), entered into a Confirmation: Deal Contingent Equity Forward Transaction (the “Forward Sale Agreement”) with an investment banking financial institution (“Dealer”). Pursuant to such Forward Sale Agreement, CNP Midstream will, subject to and immediately following the closing of the pending merger (the “Merger”) between Energy Transfer LP (“Energy Transfer”) and Enable Midstream Partners, LP, deliver to Dealer 50,000,000 common units of Energy Transfer received by CNP Midstream as consideration in the Merger in exchange for the proceeds of the forward sale transaction. The Forward Sale Agreement provides for an initial forward sale price equal to a percentage of the closing price on September 21, 2021 of Energy Transfer common units, and which is subject to certain adjustments pursuant to the terms of the Forward Sale Agreement. The Forward Sale Agreement is subject to early termination under certain circumstances, including in connection with termination of the Merger. CenterPoint has guaranteed CNP Midstream’s obligations under the Forward Sale Agreement.
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.
CENTERPOINT ENERGY, INC. | ||||||
Date: September 23, 2021 | By: | /s/ Kristie L. Colvin | ||||
Kriste L. Colvin | ||||||
Senior Vice President and Chief Accounting Officer |