UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 8.01 Other Events.
Redemption of Series A Preferred Stock
On September 1, 2023, CenterPoint Energy, Inc. (the “Company”) redeemed 800,000 shares of the Company’s Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock (“Series A Preferred Stock”), representing all of the outstanding shares of Series A Preferred Stock. The Company redeemed the outstanding shares of Series A Preferred Stock at a redemption price per share equal to $1,000 plus an amount equal to all accumulated and unpaid dividends thereon to, but excluding, September 1, 2023.
Southern Indiana Gas and Electric Company Remarketing of Tax-Exempt Debt
On September 1, 2023, Southern Indiana Gas and Electric Company (“SIGECO”), an indirect, wholly owned subsidiary of the Company, completed the remarketing of two series of tax-exempt debt issued by the City of Mount Vernon, Indiana (“Mount Vernon”) and Warrick County, Indiana (“Warrick County”), and secured by SIGECO first mortgage bonds of $38.2 million, comprised of: (i) $23 million aggregate principal amount of Environmental Improvement Revenue Bonds, Series 2015 issued by Mount Vernon and (ii) $15.2 million aggregate principal amount of Environmental Improvement Revenue Bonds, Series 2015 issued by Warrick County (collectively, the “bonds”). The bonds were subject to mandatory tender on September 1, 2023.
Effective September 1, 2023, the bonds of each series shall bear interest at a fixed rate of 4.250% per annum to the earlier of (i) its redemption date or (ii) September 1, 2028, at which time the bonds shall be subject to mandatory tender.
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 1, 2023 | By: | /s/ Russell K. Wright | ||||
| Russell K. Wright | ||||||
| Vice President, Financial Planning and Analysis & Interim Chief Accounting Officer | ||||||