News Releases

Baker Botts Represents CenterPoint Energy Houston Electric, LLC in $800 Million General Mortgage Bond Offering


Deal Description: February 28, 2022 – CenterPoint Energy Houston Electric, LLC (“CEHE”), an indirect, wholly-owned subsidiary of CenterPoint Energy, Inc. (NYSE: CNP) (“CenterPoint Energy”), announced the closing of its underwritten public offering of $800 million aggregate principal amount of general mortgage bonds comprised of $300 million aggregate principal amount of 3.00% General Mortgage Bonds, Series AG, due 2032 and $500 million aggregate principal amount of 3.60% General Mortgage Bonds, Series AH, due 2052.

CEHE intends to use the net proceeds from the offering for general limited liability company purposes, including capital expenditures and the repayment of all or a portion of CEHE’s borrowings under the CenterPoint Energy money pool.

Barclays Capital Inc., Morgan Stanley & Co. LLC, RBC Capital Markets, LLC, Scotia Capital (USA) Inc., Wells Fargo Securities, LLC and BNY Mellon Capital Markets, LLC served as joint book-running managers. Academy Securities, Inc., Samuel A. Ramirez & Company, Inc. and CAVU Securities, LLC served as co-managers.

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 2.7 million metered customers in the Texas Gulf Coast area that includes the city of Houston.

Client: CenterPoint Energy Houston Electric, LLC

Value: $800,000,000

Baker Botts Lawyers/Office Involved:

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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