October 18, 2017 9:10 PM ET

Electric Utilities

Company Overview of Centerpoint Energy Houston Electric, LLC

Company Overview

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...

1111 Louisiana

Houston, TX 77002

United States

2,738 Employees

Phone:

713-207-1111

Key Executives for Centerpoint Energy Houston Electric, LLC

Chairman, Principal Executive Officer and Manager
Age: 51
Vice President, Treasurer, Vice President of CenterPoint Energy and Treasurer of CenterPoint Energy
Age: 64
Compensation as of Fiscal Year 2017.

Centerpoint Energy Houston Electric, LLC Key Developments

Centerpoint Energy Houston Mulls Acquisition

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

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

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.

Similar Private Companies By Industry

Company Name Region
3 Phases Renewables, LLC United States
Abacus Resources Energy, LLC United States
Access Energy, LLC United States
Adams Electric Cooperative, Inc. United States
Adams-Columbia Electric Cooperative United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
\
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
The Advertising Council, Inc. United States
NYC2012, Inc. United States
Tax Management Inc United States
Bertelsmann AG Europe

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Centerpoint Energy Houston Electric, LLC, please visit www.centerpointenergy.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.