Baker Botts Represents CenterPoint Energy Houston Electric, LLC in $600 Million General Mortgage Bond Offering
Deal Description: On August 7, 2025, 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 $600 million aggregate principal amount of 4.95% General Mortgage Bonds, Series AQ, due 2035.
CEHE intends to use the net proceeds from the offering for general limited liability company purposes, including capital expenditures and working capital purposes.
BNP Paribas Securities Corp., BNY Mellon Capital Markets, LLC, PNC Capital Markets LLC and Comerica Securities, Inc. served as joint book-running managers. Siebert Williams Shank & Co., LLC served as co-manager.
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
Value: $600,000,000
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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