HOUSTON, Jan. 12, 2017 /PRNewswire/ -- CenterPoint
Energy Houston Electric, LLC (Houston Electric), an indirect,
wholly-owned subsidiary of CenterPoint Energy, Inc. (NYSE: CNP),
today closed on 3.00 % general mortgage bonds totaling $300 million due February
1, 2027. Net proceeds will be for general limited liability
company purposes.
Mizuho Securities, Regions Securities LLC and US Bancorp served
as joint bookrunners with The Williams Capital Group, L.P. and
Wolfe Capital Markets and Advisory as Co-Managers.
"We were pleased to work with such a distinguished and diverse
group of banks to help finance our growth and capital investment
requirements in our Houston
service territory," said Tracy
Bridge, executive vice president and president of
CenterPoint Energy's Electric Division.
This news release does not constitute an offer to sell, or the
solicitation of any offer to buy, any security 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 the timing and impact of future
regulatory and legislative decisions, effects of competition,
weather variations, changes in business plans, financial market
conditions and other factors discussed in Houston Electric's Form
10-K, as amended, for the period ended December 31, 2015, Houston Electric's Form 10-Qs
for the periods ended March 31, 2016,
June 30, 2016 and September 30, 2016 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/.
CenterPoint Energy, Inc., headquartered in Houston, Texas, is a domestic energy delivery
company that includes electric transmission & distribution,
natural gas distribution and energy services operations. The
company serves more than five million metered customers primarily
in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma, and Texas. The company also owns a 54.1 percent
limited partner interest in Enable Midstream Partners, a publicly
traded master limited partnership it jointly controls with OGE
Energy Corp., which owns, operates and develops natural gas
and crude oil infrastructure assets. With more than 7,800
employees, CenterPoint Energy and its predecessor companies have
been in business for more than 140 years.
For more information contact
Media:
Alicia Dixon
Phone 713.207.5885
Investors:
Dave Mordy
Phone 713.207.6500
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SOURCE CenterPoint Energy, Inc.