Deal Description: February 27 – CenterPoint Energy Houston Electric, LLC (“CEHE”), an indirect, wholly-owned subsidiary of CenterPoint Energy, Inc. (NYSE: CNP), announced the closing of its underwritten public offering of $500 million aggregate principal amount of 4.80% General Mortgage Bonds, Series AP, due 2030.

CEHE intends to use the net proceeds from the offering for general limited liability company purposes, including capital expenditures and working capital purposes. 

BofA Securities, Inc., Scotia Capital (USA) Inc. and U.S. Bancorp Investments, Inc. served as joint book-running managers.

CEHE provides electric transmission service to transmission service customers in the Electric Reliability Council of Texas region and distribution service to retail electric providers serving approximately 2.8 million metered customers in the Texas Gulf Coast area that includes the city of Houston.

Client: CenterPoint Energy Houston Electric, LLC

Outside Counsel to the Underwriters: Hunton Andrews Kurth LLP 

Value: $500,000,000

Baker Botts Lawyers/Office Involved: 

• Corporate: Tim Taylor (Partner; Houston); Clint Rancher (Partner; Houston); Rob Cowan (Associate; Austin); Sarah Dyer (Associate; Houston); Jack Hennessy (Associate; Houston) 
• Tax: Michael Bresson (Partner; Houston); Jared Meier (Senior Associate; Houston)

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