CenterPoint Energy Houston Electric, LLC provides electric transmission and distribution services to retail electric providers (REPs) in the Texas Gulf Coast area. It engages in the construction and maintenance of transmission and distribution facilities; provision of metering and outage response services; and operation of a call center. As of December 31, 2016, the company owned 28,702 pole miles of overhead distribution lines and 3,692 circuit miles of overhead transmission lines; 23,937 circuit miles of underground distribution lines and 26 circuit miles of underground transmission lines; and 232 substation sites having a total installed rated transformer capacity of 60,854 megavolt amper...
Houston, TX 77002
Centerpoint Energy Houston Mulls Acquisition
Jan 9 17
Centerpoint Energy Houston Electric, LLC has completed a Fixed-Income Offering in the amount of $298.038 million. Centerpoint Energy Houston intends to use net proceeds for working capital, capital expenditures, acquisitions, and the repayment or refinancing of debt.
CenterPoint Energy Houston Electric, LLC Closes on $300 Million of General Mortgage Bonds
Aug 12 16
CenterPoint Energy Houston Electric, LLC closed on 2.40 % general mortgage bonds totaling $300 million due September 1, 2026. Net proceeds will be used to repay short-term debt and for general corporate purposes. BofA Merrill Lynch, Deutsche Bank Securities and RBC Capital Markets served as joint bookrunners with BNY Mellon Capital Markets, LLC and Comerica Securities as Senior Co-Managers. The transaction also included two diversity and inclusion (D&I) firms as Co-Managers: Loop Capital Markets and Mischler Financial Group Inc.
Centerpoint Energy, Inc., Centerpoint Energy Houston Electric, LLC and Centerpoint Energy Resources Corp. Refinance $2.1 Billion Revolving Bank Credit Facilities
Mar 4 16
CenterPoint Energy, Inc. announced that it has refinanced its existing $2.1 billion revolving bank credit facilities, which would have expired in 2019, with new revolving bank credit facilities totaling an aggregate $2.5 billion for the parent and its wholly-owned subsidiaries, CenterPoint Energy Houston Electric, LLC (CEHE) and CenterPoint Energy Resources Corp. (CERC). The credit agreements evidencing the new revolving bank credit facilities provide for five-year senior unsecured revolving credit facilities in an aggregate amount of $1.6 billion for the parent, $300 million for CEHE and $600 million for CERC. These revolving credit facilities may be drawn on by the companies from time to time to provide funds used for general corporate purposes and to backstop the companies' commercial paper programs. The facilities may also be utilized to obtain letters of credit. The new credit agreements were coordinated by J.P. Morgan Securities LLC, Mizuho Bank Ltd., Wells Fargo Securities, LLC, which, together with Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc., The Bank of Tokyo-Mitsubishi UFJ Ltd. and The Royal Bank of Canada, also served as joint lead arrangers for the facilities. Serving as administrative agents are J.P. Morgan Chase Bank, N.A. for the parent facility, Mizuho Bank Ltd. for the CEHE facility, and Wells Fargo Bank, National Association for the CERC facility.