News Releases

Baker Botts Represents CenterPoint Energy Houston Electric, LLC in $400 Million General Mortgage Bond Offering


Deal Description: February 29 – 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 $400 million aggregate principal amount of 5.15% General Mortgage Bonds, Series AN, due 2034.

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

Barclays Capital Inc., BMO Capital Markets Corp., Citigroup Global Markets Inc., TD Securities (USA) LLC and Comerica Securities, Inc. served as joint book-running managers. Great Pacific Securities and MFR Securities, Inc. 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 2.8 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: $400,000,000

Baker Botts Lawyers/Office Involved:

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

Baker Botts is an international law firm whose lawyers practice throughout a network of offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy, technology and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit

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