News Releases

Baker Botts Represents CenterPoint Energy, Inc. in $700 Million Offering of Senior Notes


Deal Description: On May 10, 2024, CenterPoint Energy, Inc. (NYSE: CNP) (“CenterPoint Energy”) announced the closing of its underwritten public offering and sale of $700 million aggregate principal amount of 5.40% Senior Notes due 2029. CenterPoint Energy intends to use the net proceeds from the offering for general corporate purposes, including the repayment of the remaining $350 million aggregate principal amount of its floating rate senior notes due 2024 and the repayment of a portion of its outstanding commercial paper.

BNP Paribas Securities Corp., J.P. Morgan Securities LLC, PNC Capital Markets LLC, Scotia Capital (USA) Inc. and Truist Securities, Inc. served as representatives and joint bookrunners. Loop Capital Markets LLC served as co-manager.

As the only investor owned electric and gas utility based in Texas, CenterPoint Energy is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Indiana, Louisiana, Minnesota, Mississippi, Ohio and Texas.

Baker Botts represented CenterPoint Energy in the above offering and has represented CenterPoint Energy and its predecessors for over 100 years.

Client: CenterPoint Energy, Inc.

Outside Counsel to the Underwriters: Hunton Andrews Kurth LLP

Value: $700 million

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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