CenterPoint Energy electric systems operating normally

Houston – April 14, 2021 – CenterPoint Energy continues to closely monitor the activity of the Electric Reliability Council of Texas (ERCOT), which is responsible for scheduling electrical power and ensuring the reliability and adequacy of the electrical network in the ERCOT region of Texas, following its April 13 conservation alert.

According to ERCOT, customer demand for electricity came close to the amount of power generation available yesterday afternoon. As a result, ERCOT issued a conservation alert yesterday at approximately 4:30 p.m. CT.  CenterPoint Energy does not generate electricity itself, so any shortage of electrical power capacity from the grid is not something that the company controls.

"We want to thank our customers across our service territory for responding to ERCOT's request for conservation," said Kenny Mercado, CenterPoint Energy's Executive Vice President, Electric Utility. "When power generation drops, conservation is critical to protect the reliability of the electric system and preventing an uncontrolled system-wide outage."

ERCOT is the independent system operator for the region and manages the flow of electric power to most of Texas and more than 26 million Texas customers. CenterPoint Energy is an investor-owned electric utility and a member of ERCOT. The company manages the distribution and transmission of electricity to its approximately 2.6 million customers across the greater Houston area and surrounding communities.

As required, CenterPoint Energy will continue to follow ERCOT's directives as the state faces high power demand and power plants being voluntarily shut down for maintenance issues.

"Our systems are operating normally. We will continue to monitor the electric grid and changing weather conditions and are ready to respond to ERCOT's directives," added Mercado.

If generation capacity issues worsen, CenterPoint Energy will keep customers updated through local media outlets and the company's customer communication channels, including Twitter (@CNPalerts), Facebook, Power Alert Service, Outage Tracker (Estimated Restoration Times will not be available for these types of emergencies) and the web.

The company also said that the greater Houston area and surrounding communities could experience an increased chance of thunderstorms today. Should severe weather impact CenterPoint Energy's service to customers, the company is committed to restoring electricity as safely and quickly as possible. For information on individual outages, sign up for Power Alert Service or visit Outage Tracker for general outage locations.

2021-04-14T05:00:00Z
CenterPoint Energy offers energy-saving deals to celebrate Earth Day, April 22

BYRAM, Miss. – April 12, 2021 – On April 22 people around the world will celebrate Earth Day, an annual event to show support for protecting the natural environment. In Mississippi, CenterPoint Energy is honoring Earth Day with a special offer to help its customers save energy and reduce their carbon footprint.

Home energy use accounts for roughly 20% of all U.S. greenhouse gas emissions. One effective way people can help the environment is by saving energy in their homes, which can also mean saving money on their utility bills.

As a natural gas utility serving about 133,000 customers in Mississippi, CenterPoint Energy is committed to helping its customers improve their energy efficiency.

Low-flow showerheads, faucet aerators and smart thermostats

During April, in honor of Earth Day 2021, CenterPoint Energy customers can request free low-flow showerheads, faucet aerators and hot water temperature gauge cards.

With easy-to-install low-flow showerheads and faucet aerators, you can reduce your hot water use without sacrificing comfort. Just one low-flow showerhead and one faucet aerator can reduce the average family's hot water use by more than 3,100 gallons in a single year, equal to about 86 tubs of water or 25 full days of hot water use. 

A hot water temperature gauge card can help you determine if your water heater is set at a temperature higher than needed. If the temperature is higher than 120 degrees, your water heater should be set lower.

CenterPoint Energy is also offering its Mississippi customers a special Earth Day rebate on the purchase of a qualifying smart thermostat. Prices vary depending on the specific thermostat model, but customers will receive an instant $75 rebate with up to an additional $30 off as part of the Earth Day special.

With a smart thermostat, you can "set it and forget it" by programming temperature settings based on your habits and when you are normally home. In the winter, if you set the thermostat back by 7-10 degrees at night or when away for at least eight hours, you can potentially save 10% on your heating costs.

As an extra Earth Day benefit, CenterPoint Energy is offering a free packet of pollinator flower seeds that will be shipped, while supplies last, with an order made through the CenterPoint Energy website.

To place your order, just go to CenterPointEnergy.com/EarthDay2021.

A customer may order up to three showerheads, three aerators, one water temperature gauge card and one thermostat. To qualify for showerheads and faucet aerators, you must have a natural gas water heater. To qualify for a thermostat rebate, natural gas must be your primary heat source.

Paperless billing

For Earth Day, CenterPoint Energy is also encouraging customers to enroll in the paperless billing option. If you register for paperless billing during April 12-30, you will also receive a free pollinator flower seed packet, while supplies last.

Thanks to customers who chose paperless billing in 2020, CenterPoint Energy saved about 271 tons of paper – equal to an estimated 5,976 trees and 249 metric tons of greenhouse gas emissions.

To sign up for paperless billing, just go to CenterPointEnergy.com/paperless.

For more energy efficiency tips, visit CenterPointEnergy.com/saveenergy.

About CenterPoint Energy

As the only investor-owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Arkansas, Indiana, Louisiana, Minnesota, Mississippi, Ohio, Oklahoma and Texas. As of December 31, 2020, the company owned approximately $33 billion in assets and also owned 53.7 percent of the common units representing limited partner interests in Enable Midstream Partners, LP, a publicly traded master limited partnership that owns, operates and develops strategically located natural gas and crude oil infrastructure assets. With approximately 9,500 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.

2021-04-12T05:00:00Z
CenterPoint Energy encourages safety awareness during National Safe Digging Month

Houston – April 1, 2021 As part of its ongoing safety awareness practices for safe digging, CenterPoint Energy is partnering with the Common Ground Alliance to commemorate April as National Safe Digging Month and encourage customers to follow safe digging practices.

Safe digging practices are required by state laws and help prevent damage to underground utilities like natural gas, electric and water. Striking a single line can result in injury, repair costs, fines and service interruptions. Anyone planning a project, such as installing a mailbox, building a deck, planting a tree and laying a patio, that requires digging should contact 811.

"Last year, we saw more than 8,500 damages to underground lines in our eight-state territory," said Ashley Babcock, Director of Damage Prevention and Public Awareness for CenterPoint Energy. "By contacting 811 to have the underground utility lines in their area marked, homeowners and professionals are abiding by an important law put in place to help keep them and their communities safe." 

CenterPoint Energy has implemented additional measures to protect the safety and health of its customers, employees and contractors, as well as to prevent the spread of the coronavirus. Utility line locate companies are no exception and are properly equipped with personal protective equipment while performing work. If you see CenterPoint Energy crews or CenterPoint Energy contractors performing work, please avoid approaching them and continue to practice social distancing.

In the event a gas line is struck or ruptured outside of a home or business, customers are reminded of the following:

  • Leave the area of the gas leak immediately, as well as areas where the odor of gas is noticeable.  
  • Do not attempt to re-start or move powered equipment. 
  • Call CenterPoint Energy to report the leak. The party responsible for the damage to the gas line should also call 911 and report the incident to police and/or fire officials and the state's 811 center.
  • Remain in a safe area until emergency personnel arrive and do not enter the home/business or neighboring premises.

Visit Call811.com for more information about 811 and the call-before-you-dig process. For more information on natural gas safety, visit CenterPointEnergy.com.

As the only investor-owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Arkansas, Indiana, Louisiana, Minnesota, Mississippi, Ohio, Oklahoma and Texas. As of December 31, 2020, the company owned approximately $33 billion in assets and also owned 53.7 percent of the common units representing limited partner interests in Enable Midstream Partners, LP, a publicly traded master limited partnership that owns, operates and develops strategically located natural gas and crude oil infrastructure assets. With approximately 9,500 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.

 

2021-04-01T05:00:00Z
https://www.centerpointenergy.com/en-us/corporate/about-us/news/CenterPoint Energy named to Newsweek's Most Responsible Companies List for 2021
CenterPoint Energy named to Newsweek's Most Responsible Companies List for 2021

HOUSTON, April 1, 2021 - CenterPoint Energy has been recognized as one of the most responsible companies in the United States by Newsweek. For the second time, Newsweek recognized America's Most Responsible Companies based on publicly available key performance indicators derived from corporate social responsibility, sustainability and corporate citizenship reports, as well as an independent survey.

"CenterPoint Energy is focused on delivering responsibility through our commitment to leadership, sustainability, safety, diversity and inclusion in all the communities we serve," said Angila Retherford, CenterPoint Energy's Vice President, Environmental and Corporate Responsibility. "We are honored to be named one of the most responsible companies in the country, as we continue to strive to build strong communities, safely deliver reliable electricity and natural gas, and invest in a clean energy future."

The list from Newsweek and its partner Statist recognizes the top 400 most responsible companies in the United States, spanning 14 industries: Automotive & Components, Capital Goods, Consumer Goods, Energy & Utilities, Entertainment, Leisure & Dining, Financial, Health Care & Life Sciences, Materials, Professional Services, Real Estate & Housing, Retail, Software & Telecommunications, Technology Hardware and Travel, Transport & Logistics.

"Last year, we announced a goal to reduce operational emissions by 70 percent by 2035 and emissions attributable to natural gas usage in heating, appliances and equipment within the residential and commercial sectors by 20 to 30 percent by 2040. Our reduction goals are based on 2005 emissions. With more than 7 million electric and natural gas metered customers across eight states, we were among the first energy delivery companies to make an emissions-reduction commitment across a multi-state footprint," added Retherford.

Visit CenterPoint Energy's Corporate Responsibility page at www.centerpointenergy.com/responsibility to learn more about the company's commitments to environmental stewardship and a cleaner energy future.

As the only investor-owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Arkansas, Indiana, Louisiana, Minnesota, Mississippi, Ohio, Oklahoma and Texas. As of December 31, 2020, the company owned approximately $33 billion in assets and also owned 53.7 percent of the common units representing limited partner interests in Enable Midstream Partners, LP, a publicly traded master limited partnership that owns, operates and develops strategically located natural gas and crude oil infrastructure assets. With approximately 9,500 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.

Forward Looking Statement
This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based upon assumptions of management which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. Actual events and results may differ materially from those expressed or implied by these forward-looking statements. Any statements in this news release regarding future events, such as the CenterPoint Energy's carbon emissions reduction targets and commitments, and any other statements that are not historical facts are forward-looking statements. Each forward-looking statement contained in this news release speaks only as of the date of this release.

For more information, contact
Media Relations
Media.Relations@CenterPointEnergy.com

SOURCE CenterPoint Energy, Inc.

2021-04-01T05:00:00Z
CenterPoint Energy collaborates with HomeServe and Rebuilding Together to provide goodwill repairs

Houston – March 25, 2021 – CenterPoint Energy today announced the completion of several goodwill repair projects that were performed in collaboration with HomeServe, a nationwide provider of emergency home repair protection programs, and Rebuilding Together, a charitable, non-profit organization helping revitalize neighborhoods. These organizations worked together to identify opportunities to serve the Houston community by completing repairs that help provide safe utility services to their homes.

This video highlights the in-kind repairs that two Houston homeowners, Mary and Charlie, received through this project.

"We are committed to our customers and giving back to the community, which is one of the reasons we selected HomeServe to offer emergency home repair solutions to our natural gas customers," said Rick Plummer, Director of Home Services South for CenterPoint Energy. "HomeServe supports the local economy through their selection of minority-owned local contractors to perform repairs, which is also a critical factor in CenterPoint Energy's vendor selection process."

Joe Carbajal of Texas Quality Plumbing in Houston, a local HomeServe contractor said, "HomeServe's collaboration with CenterPoint Energy helps us with a lot of business and helps the community too. Thanks to HomeServe, we're growing and excited to see what's next. We like to take on the challenges of the next job and next obstacle."

CenterPoint Energy continues to work with HomeServe to offer plans to its natural gas residential customers in the southern service territory. Since 2018, the plans have helped customers save more than $13 million dollars in unexpected home repair costs.

About Rebuilding Together Houston
Rebuilding Together Houston is a recognized leader in single-family, affordable housing repair and a key partner in community revitalization, impacting the lives of hundreds of local families each year. In over 38 years of service, the organization has reinvested more than $120 million of value in affordable housing throughout Harris County, Texas. Together, with our volunteers, licensed contractors, corporate supporters, and community partners, we repair homes, revitalize communities, and rebuild lives. We strive toward the goal of safe homes and communities for everyone. For more information about Rebuilding Together Houston visit rebuildinghouston.org or @RebuildingTogetherHouston on Facebook and Instagram; @RebuildingHou on Twitter.

About CenterPoint Energy

As the only investor-owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Arkansas, Indiana, Louisiana, Minnesota, Mississippi, Ohio, Oklahoma and Texas. As of December 31, 2020, the company owned approximately $33 billion in assets and also owned 53.7 percent of the common units representing limited partner interests in Enable Midstream Partners, LP, a publicly traded master limited partnership that owns, operates and develops strategically located natural gas and crude oil infrastructure assets. With approximately 9,500 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.

2021-03-25T05:00:00Z
CenterPoint Energy Foundation contributes $100,000 to Galveston-based nonprofits for disaster relief

Houston – March 24, 2021 – CenterPoint Energy, Inc. today announced that through its charitable foundation, and in partnership with Galveston County Judge Mark Henry and Galveston Mayor Craig Brown, it is donating $100,000 to three Galveston area nonprofits responding to community needs after the recent winter storm.

"Many residents in Galveston County are still making repairs to their homes due to the damage caused by the recent winter storm," said County Judge Henry. "These three non-profits are well-deserving recipients who have been actively assisting families recover across Galveston County."

Mayor Brown said, "The City is very appreciative of CenterPoint Energy's desire to support our community by their generous donations to these important non-profits. A strong partnership between the City and CenterPoint is vital, now and in the future, for the well-being of our entire community."

Alicia Dixon, Director of Community Relations, added, "The severe winter weather impacted every corner of our community and the needs have been significant. We have been part of this community for more than 150 years and we are proud to support our neighbors in the aftermath of this historic winter weather event."

Recipients of the CenterPoint Energy Foundation grants and their amounts are:

  • 4B Disaster Response is a network of faith communities formed after Hurricane Harvey to respond to disasters with repair and restoration through supplies and volunteers. The nonprofit will receive $50,000 to support needs in a service territory described as the "4B's":  Beltway to the Beach and Brazoria County to the Bay.
  • Resource and Crisis Center of Galveston provides shelter and resources to victims of family violence, sexual assault, and child abuse. RCCGC will receive $25,000 to support its mission which has been exacerbated by the severe weather event.
  • Family Service Center of Galveston County will receive $25,000 to further support individuals and families in Galveston, Liberty and Chambers counties with mental health, education, and counseling services. The severe weather event happening on top of the COVID-19 pandemic has amplified needs in this community.

At the peak of the severe winter weather event and power generation shortfall, approximately 1.4 million total customers were impacted across CenterPoint Energy's 5,000-square-mile Houston Electric service territory. Because of the power generation shortfall, CenterPoint Energy, which does not generate electricity, was ordered by the Electric Reliability Council of Texas (ERCOT) to suspend electric service to a portion of its customers. Once power became available, the company was ready to deliver it and restored approximately 1.3 million electric customers in a 24-hour period.

About CenterPoint Energy

As the only investor-owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Arkansas, Indiana, Louisiana, Minnesota, Mississippi, Ohio, Oklahoma and Texas. As of September 30, 2020, the company owned approximately $33 billion in assets and also owned 53.7 percent of the common units representing limited partner interests in Enable Midstream Partners, LP, a publicly traded master limited partnership that owns, operates and develops strategically located natural gas and crude oil infrastructure assets. With approximately 9,600 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. The CenterPoint Energy Foundation is a charitable giving vehicle focused on strengthening the quality of life in the communities served by CenterPoint Energy.  For more information, visit CenterPointEnergy.com.

 

2021-03-24T05:00:00Z
CenterPoint Energy urges customers to evaluate billing and payment options as winter rules expire March 15

Evansville, Ind. March 15, 2021 – As the end of the winter heating season approaches, CenterPoint Energy wants to remind its customers that the regulatory moratorium, which prevents energy companies from disconnecting customers who meet low-income guidelines and have received federal and state utility heating assistance, expire today. Customers who have received a disconnect notice or need bill payment assistance are urged to contact the company online or call 1-800-227-1376 to make payment arrangements and avoid potential disconnection.

"As part of our commitment to our customers, we offer several programs and payment options to help those experiencing financial hardship effectively manage costs," said Richard Leger, Vice President of Natural Gas Distribution, Indiana and Ohio. "Those customers experiencing financial difficulty are encouraged to notify CenterPoint Energy as soon as possible to make arrangements to avoid a possible interruption in service."

With the expiration of the moratorium, those customers currently under a disconnect order who have failed to make arrangements with the company will be subject to disconnection. Customers can choose from the following free billing and payment options, as well as energy efficiency programs:

  • Payment Arrangement: Customers who are having difficulty paying bills in full can request a payment arrangement to fulfill the obligation in smaller increments over a set period of time. Eligible customers can request a payment arrangement by calling 1-800-227-1376.
  • Energy Assistance Program (EAP):  Contact the local Indiana Community Action Agency, which administers the Indiana Energy Assistance Program (EAP) for income-eligible customers, and can provide intake information about the application process and program requirements. EAP is available to Indiana customers with CenterPoint Energy natural gas service and/or electric service.
  • Universal Service Program (USP): A program for Indiana natural gas customers, the USP provides a monthly discount on residential gas charges during the heating season. By enrolling in EAP, customers are automatically enrolled in USP. The monthly discount of 15 to 32% applies from December through May 31.
  • Energy Efficiency Resources: CenterPoint Energy has a wide offering of energy efficiency programs for customers, which can be found at www.centerpointenergy.com/smartsavings. Customers are also encouraged to apply for all residential (home ownership or rental) weatherization programs, including programs available through the local service provider.

About CenterPoint Energy

As the only investor-owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Arkansas, Indiana, Louisiana, Minnesota, Mississippi, Ohio, Oklahoma and Texas. As of December 31, 2020, the company owned approximately $33 billion in assets and also owned 53.7 percent of the common units representing limited partner interests in Enable Midstream Partners, LP, a publicly traded master limited partnership that owns, operates and develops strategically located natural gas and crude oil infrastructure assets. With approximately 9,500 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.

2021-03-15T05:00:00Z
CenterPoint Energy urges customers to evaluate billing and payment options as winter heating season ends

Dayton, Ohio March 15, 2021 – As the end of the winter heating season approaches, CenterPoint Energy wants to remind its customers who have received a disconnect notice or need bill payment assistance to contact the company online or call 1-800-227-1376 to make payment arrangements and avoid potential disconnection.

"As part of our commitment to our customers, we offer several programs and payment options to help those experiencing financial hardship effectively manage costs," said Richard Leger, Vice President of Natural Gas Distribution, Indiana and Ohio. "Those customers experiencing financial difficulty are encouraged to notify CenterPoint Energy as soon as possible to make arrangements to avoid a possible interruption in service."

Customers can choose from the following free billing and payment options, as well as energy efficiency programs:

  • Payment Arrangement: Customers having difficulty paying bills in full can request a payment arrangement to fulfill the obligation in smaller increments over a set period of time. Eligible customers can request a payment arrangement by calling 1-800-227-1376.
  • Home Energy Assistance Program (HEAP)/ Emergency Home Energy Assistance Program (E-HEAP): Ohio customers seeking energy bill assistance should contact the Ohio Development Services Agency (ODSA). This agency administers the Home Energy Assistance Program (HEAP) for income-eligible customers. To qualify for HEAP, your annual household income cannot exceed 175% of the poverty guidelines. During the winter, the ODSA also offers a program called Emergency Home Energy Assistance Program (E-HEAP) that provides assistance once per heating season to eligible households that are disconnected or threatened with disconnection. For HEAP or E-HEAP information, call the ODSA at 1-800- 282-0880.
  • Percentage of Income Payment Plan Plus (PIPP Plus):  PIPP Plus is an extended payment arrangement for eligible Ohio customers that requires regulated gas companies to accept payments based on a percentage of the household income. To qualify for PIPP Plus, annual household income cannot exceed 150% of the federal poverty guidelines. Contact the ODSA at 1-800-282-0880 for more information.
  • Energy Efficiency Resources: CenterPoint Energy has a wide offering of energy efficiency programs for customers, which can be found at www.centerpointenergy.com/smartsavings. Customers are also encouraged to apply for all residential (home ownership or rental) weatherization programs, including programs available through the local service provider.

About CenterPoint Energy

As the only investor-owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Arkansas, Indiana, Louisiana, Minnesota, Mississippi, Ohio, Oklahoma and Texas. As of December 31, 2020, the company owned approximately $33 billion in assets and also owned 53.7 percent of the common units representing limited partner interests in Enable Midstream Partners, LP, a publicly traded master limited partnership that owns, operates and develops strategically located natural gas and crude oil infrastructure assets. With approximately 9,500 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.

2021-03-15T05:00:00Z
https://www.centerpointenergy.com/en-us/corporate/about-us/news/CenterPoint Energy Announces 2021 Annual Meeting of Shareholders
CenterPoint Energy Announces 2021 Annual Meeting of Shareholders

HOUSTON, March 12, 2021 - CenterPoint Energy, Inc. (NYSE: CNP) today announced that its 2021 annual meeting of shareholders will be held on Friday, April 23, 2021 at 9 a.m. CDT in the CenterPoint Energy Tower auditorium, 1111 Louisiana Street, Houston, Texas. Holders of record of CenterPoint Energy common stock at the close of business on February 26, 2021 will receive notice of the meeting and will be entitled to vote.

As the only investor-owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Arkansas, Indiana, Louisiana, Minnesota, Mississippi, Ohio, Oklahoma and Texas. As of December 31, 2020, the company owned approximately $33 billion in assets and also owned 53.7 percent of the common units representing limited partner interests in Enable Midstream Partners, LP, a publicly traded master limited partnership that owns, operates and develops strategically located natural gas and crude oil infrastructure assets. With approximately 9,500 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.

For more information contact
Media:
Media Relations
Media.Relations@centerpointenergy.com
Investors:
Philip Holder
Phone   713.207.6500

SOURCE CenterPoint Energy, Inc.

2021-03-12T06:00:00Z
https://www.centerpointenergy.com/en-us/corporate/about-us/news/CenterPoint Energy Houston Electric, LLC announces closing of $1.1 billion offering of general mortgage bonds
CenterPoint Energy Houston Electric, LLC announces closing of $1.1 billion offering of general mortgage bonds

HOUSTON, March 11, 2021 - CenterPoint Energy Houston Electric, LLC (Houston Electric), an indirect, wholly owned subsidiary of CenterPoint Energy, Inc. (NYSE: CNP), today closed a registered public offering of $400 million principal amount of 2.35% general mortgage bonds due April 1, 2031 and $700 million principal amount of 3.35% general mortgage bonds due April 1, 2051. The net proceeds from the offering will be used for general limited liability company purposes, including capital expenditures and the repayment of (i) all of Houston Electric's outstanding $102 million of 9.15% first mortgage bonds due 2021, (ii) all of Houston Electric's outstanding $300 million of 1.85% general mortgage bonds due 2021 and (iii) all or a portion of Houston Electric's borrowings under the CenterPoint Energy money pool.

BNP PARIBAS, Citigroup, Credit Suisse, TD Securities and Wells Fargo Securities served as representatives and joint book-running managers. Additional joint book-running managers were BNY Mellon Capital Markets, LLC, Comerica Securities, RBC Capital Markets and Truist Securities. C.L. King & Associates, a women-owned business enterprise, served as co-manager. 

This news release does not constitute an offer to sell, or the solicitation of any offer to buy, any securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering would be unlawful.

This news release includes forward-looking statements. Actual events and results may differ materially from those projected. The statements in this news release regarding the use of proceeds from the offering and other statements that are not historical facts are forward-looking statements. Factors that could affect actual results include (1) the impact of COVID-19, (2) financial market conditions, (3) general economic conditions, (4) the timing and impact of future regulatory and legislative decisions, (5) effects of competition, (6) weather variations, (7) changes in business plans and (8) other factors discussed in Houston Electric's Annual Report on Form 10-K for the fiscal year ended December 31, 2020 and Houston Electric's other filings with the Securities and Exchange Commission. A written prospectus may be obtained by visiting EDGAR on the SEC Website at https://www.sec.gov/.

As the only investor-owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Arkansas, Indiana, Louisiana, Minnesota, Mississippi, Ohio, Oklahoma and Texas. As of December 31, 2020, the company owned approximately $33 billion in assets and also owned 53.7 percent of the common units representing limited partner interests in Enable Midstream Partners, LP, a publicly traded master limited partnership that owns, operates and develops strategically located natural gas and crude oil infrastructure assets. With approximately 9,500 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. 

For more information contact
Media:
Media Relations
Media.Relations@centerpointenergy.com

Investors:
Philip Holder
Phone  713.207.6500

SOURCE CenterPoint Energy, Inc.

2021-03-11T06:00:00Z
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