HOUSTON, February 27, 2026 – Baker Botts L.L.P., a leading international energy, technology, and life sciences law firm, advised CenterPoint Energy, Inc. (NYSE: CNP) and its subsidiaries in three offerings of debt securities totaling $2.64 billion in aggregate principal amount. The transactions included SEC-registered offerings of securitized system restoration bonds and general mortgage bonds and a Rule 144A private placement of convertible senior notes.

$1.19 Billion Senior Secured System Restoration Bonds

Baker Botts represented CenterPoint Energy Houston Electric, LLC and its special purpose subsidiary, CenterPoint Energy Restoration Bond Company III, LLC, as issuing entity, in connection with the registered offering of $1,193,474,000 aggregate principal amount of Series 2026-A Senior Secured System Restoration Bonds. The bonds were issued pursuant to an Indenture dated February 26, 2026. Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, and BofA Securities, Inc. acted as representatives of the underwriters. The System Restoration Bonds were issued to facilitate CenterPoint’s recovery of certain distribution-related system restoration costs that were incurred due to Hurricane Beryl in July 2024, Hurricane Francine in September 2024 and Winter Storm Enzo in January 2025. 

$650 Million Convertible Senior Notes

Baker Botts guided CenterPoint Energy, Inc. in the completion of a $650 million private offering of 2.875% Convertible Senior Notes due 2029, which closed on February 26, 2026. The convertible notes were sold to the initial purchasers in reliance on the exemption provided by Section 4(a)(2) of the Securities Act of 1933, as amended, and resold pursuant to Rule 144A. 

$800 Million General Mortgage Bonds

Baker Botts advised CenterPoint Energy Houston Electric, LLC in connection with an $800 million public offering of 4.85% General Mortgage Bonds, Series AR, due 2036, which closed February 27, 2026. The bonds were issued pursuant to the company's General Mortgage Indenture. BofA Securities, Inc., BMO Capital Markets Corp., MUFG Securities Americas Inc., and RBC Capital Markets, LLC acted as representatives of the underwriters.

Headquartered in Houston, CenterPoint Energy, Inc. is an energy delivery company with regulated utility businesses providing electric transmission and distribution and natural gas distribution services across multiple U.S. states.

Baker Botts Lawyers/Offices Involved:

Corporate: Tim Taylor (Partner, Houston); Clint Rancher (Partner, Houston); Jamie Yarbrough (Partner, Houston); Robert Cowan (Senior Associate, Austin); Sarah Dyer (Associate, Houston); Jack Hennessy (Associate, Houston)

Energy Regulatory: Jim Barkley (Partner, Houston); Patrick Leahy (Special Counsel, Austin)

Finance: Evan Koster (Partner, New York); William Stutts (Senior Counsel, Austin); Ignacio Beheran (Associate, New York)

Federal Income Tax: Michael Bresson (Partner, Houston); Jared Meier (Senior Associate, Houston); Meaghan Christner (Associate, Houston)

Litigation: Aaron Streett (Partner, Houston); Mark Little (Partner, Houston)

State and Local Tax: Renn Neilson (Partner, Houston); Ben Geslison (Partner, Houston)

Executive Compensation and Benefits: Jason Loden (Partner, Dallas) 

ABOUT BAKER BOTTS L.L.P.
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 bakerbotts.com.