Deal Description: March 23 – 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 $900 million aggregate principal amount of general mortgage bonds comprised of $600 million aggregate principal amount of 4.95% General Mortgage Bonds, Series AK, due 2033 and $300 million aggregate principal amount of 5.30% General Mortgage Bonds, Series AL, due 2053.

CEHE intends to use the net proceeds from the offering of the Series AK mortgage bonds for general limited liability company purposes, including capital expenditures, working capital and the repayment of all or a portion of its borrowings under the CenterPoint Energy money pool. CEHE intends to disburse or allocate an amount equal to the net proceeds from the offering of the Series AL mortgage bonds to finance or refinance, in part or in full, new or existing projects relating to renewable energy, green buildings or cleaner transportation. CEHE anticipates that the use of net proceeds from the offering of the Series AL mortgage bonds will be in alignment with the four core components of the Green Bond Principles 2021 published by the International Capital Market Association.

BNP Paribas Securities Corp., BofA Securities, Inc., Credit Suisse Securities (USA) LLC, MUFG Securities Americas Inc. and RBC Capital Markets, LLC served as joint book-running managers. Samuel A. Ramirez & Company, Inc. and WR 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

Outside Counsel to the Underwriters: Hunton Andrews Kurth LLP

Value: $900,000,000

Baker Botts Lawyers/Office Involved:

• Corporate: Tim Taylor (Partner; Houston); Clint Rancher (Partner; Houston); Josh Gonzales (Senior Associate; Houston); Rob Cowan (Associate; Houston); Sarah Dyer (Associate, Houston)
  
  
• Tax: Mike Bresson (Partner; Houston); Jared Meier (Senior Associate; Houston)

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