Enable Midstream Partners Files Amendment to Registration Statement for Initial Public Offering
2014-01-21T06:00:00Z
http://www.centerpointenergy.com/newsroom/newsreleases/pipelines/cffee7eeca4b3410VgnVCM10000026a10d0aRCRD Enable Midstream Partners Files Amendment to Registration Statement for Initial Public Offering centerpointenergy.com cffee7eeca4b3410VgnVCM10000026a10d0aRCRD

HOUSTON, OKLAHOMA CITY and BOSTON - Jan. 21, 2014 - Enable Midstream Partners, LP today announced that a revised registration statement on Form S-1 has been filed with the U.S. Securities and Exchange Commission (SEC). This amendment is in response to the initial comments received as part of the SEC review. Enable Midstream expects to provide audited year end 2013 financial statements and a revised forecast for the twelve months ended March 31, 2015, in a subsequent S-1 amendment in February. The company continues to target an Enable IPO later this quarter.

Enable Midstream owns, operates and develops strategically located natural gas and crude oil infrastructure assets. Enable Midstream’s assets include approximately 11,000 miles of gathering pipelines, 11 major processing plants with approximately 1.9 billion cubic feet per day of processing capacity, approximately 7,800 miles of interstate pipelines (including Southeast Supply Header, LLC), approximately 2,300 miles of intrastate pipelines and eight storage facilities comprising 86.5 billion cubic feet of storage capacity.

Enable Midstream is a Delaware limited partnership formed by affiliates of CenterPoint Energy, OGE Energy and ArcLight Capital Partners, LLC. The partnership is managed by a general partner whose governance is shared by CenterPoint Energy and OGE Energy on a 50/50 basis.

Morgan Stanley, Barclays and Goldman, Sachs & Co. are acting as joint book-running managers for the proposed offering. The offering will be made only by means of a prospectus.  Once it becomes available, potential investors can obtain a preliminary prospectus related to this offering from:

Morgan Stanley & Co. LLC
Attn: Prospectus Department
180 Varick Street, 2nd Floor
New York, NY 10014
Telephone: 1-866-718-1649

Barclays Capital Inc.
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Telephone: 1-888-603-5847
barclaysprospectus@broadridge.com

Goldman, Sachs & Co.
Attn: Prospectus Department
200 West Street
New York, NY 10282
Telephone: 1-866-471-2526
Facsimile: 212-902-9316
prospectus-ny@ny.email.gs.com

In addition, to obtain a copy of the preliminary prospectus, when available, free of charge, visit the SEC's website (www.sec.gov) and search under "Enable Midstream Partners, LP."

An amended registration statement relating to these securities has been filed with the SEC but has not become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

CenterPoint Energy, Inc., headquartered in Houston, Texas, is a domestic energy delivery company that includes electric transmission & distribution, natural gas distribution and competitive natural gas sales and services operations. CenterPoint Energy owns a 58.3 percent limited partner interest in Enable Midstream and a 50 percent management interest in the general partner of Enable Midstream.

OGE Energy Corp. is the parent company of Oklahoma Gas & Electric, a regulated electric utility with approximately 805,000 customers in Oklahoma and western Arkansas.  OGE Energy owns a 28.5 percent limited partner interest in Enable Midstream and a 50 percent management interest in the general partner of Enable Midstream.

ArcLight Capital Partners, LLC is one of the leading private equity firms focused on North American energy infrastructure assets.  Since its establishment in 2001, ArcLight has invested over $10 billion across multiple energy cycles in more than 100 power, midstream and production assets.  Headquartered in Boston, Massachusetts with an additional office in Luxembourg, the firm’s investment team brings extensive energy expertise, industry relationships, and specialized value creation capabilities to its portfolio. ArcLight owns a 13.2 percent limited partner interest in Enable Midstream.

This news release includes forward-looking statements. Statements contained in this release that state the companies' or managements' expectations or predictions of the future are forward-looking statements within the meaning of the federal securities laws. The words "believe," "expect," "should," "estimates," "intend," and other similar expressions identify forward-looking statements. Actual events and results may differ materially from those projected. The statements in this news release regarding the proposed initial public offering of Enable Midstream’s common units and other statements that are not historical facts are forward-looking statements. Each forward looking statement contained in this release speaks only as of the date of this release. Factors that could affect actual results include the ability to successfully launch, price and close the proposed initial public offering, which will depend on general market conditions and other factors, the financial and operational results of Enable Midstream and other factors discussed in CenterPoint Energy’s and its subsidiaries’ and OGE Energy Corp.’s annual reports on Form 10-K for the fiscal year ended Dec. 31, 2012 and quarterly reports on Form 10-Q, Enable Midstream’s registration statement on Form S-1 filed with the Securities and Exchange Commission and other filings with the SEC.

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