Deal Description: February 28, 2022 – CenterPoint Energy Houston Electric, LLC (“CEHE”), an indirect, wholly-owned subsidiary of CenterPoint Energy, Inc. (NYSE: CNP) (“CenterPoint Energy”), announced the closing of its underwritten public offering of $800 million aggregate principal amount of general mortgage bonds comprised of $300 million aggregate principal amount of 3.00% General Mortgage Bonds, Series AG, due 2032 and $500 million aggregate principal amount of 3.60% General Mortgage Bonds, Series AH, due 2052.

CEHE intends to use the net proceeds from the offering for general limited liability company purposes, including capital expenditures and the repayment of all or a portion of CEHE’s borrowings under the CenterPoint Energy money pool.

Barclays Capital Inc., Morgan Stanley & Co. LLC, RBC Capital Markets, LLC, Scotia Capital (USA) Inc., Wells Fargo Securities, LLC and BNY Mellon Capital Markets, LLC served as joint book-running managers. Academy Securities, Inc., Samuel A. Ramirez & Company, Inc. and CAVU Securities, LLC served as co-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 2.7 million metered customers in the Texas Gulf Coast area that includes the city of Houston.

Client: CenterPoint Energy Houston Electric, LLC

Value: $800,000,000

Baker Botts Lawyers/Office Involved:

• Corporate: Tim Taylor (Partner; Houston); Clint Rancher (Partner; Houston); Josh Gonzales (Associate; Houston); Rob Cowan (Associate; Houston)
  
  
• Tax: Michael Bresson (Partner; Houston); Chuck Campbell (Special Counsel; Houston)

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