CenterPoint Energy Announces Purchase of Pollution Control Bonds
08 Gennaio 2010 - 6:24PM
PR Newswire (US)
HOUSTON, Jan. 8 /PRNewswire-FirstCall/ -- CenterPoint Energy, Inc.
(NYSE: CNP) today announced its purchase on January 5, 2010, of
three series of pollution control bonds that had been issued on its
behalf by the Brazos River Authority in 1998. The three series,
totaling $290 million in aggregate principal amount and bearing
interest at 5.125 percent, were purchased at 101 percent of their
principal amount plus accrued interest pursuant to the mandatory
tender provisions of the bonds. (Logo:
http://www.newscom.com/cgi-bin/prnh/20020930/CNPLOGO) "CenterPoint
Energy's purchase of the bonds reduces temporary investments and
leverage while providing the company with the flexibility to
finance future capital needs in the tax-exempt market through a
remarketing of the bonds," said Gary L. Whitlock, CenterPoint
Energy's executive vice president and chief financial officer.
CenterPoint Energy, Inc., headquartered in Houston, Texas, is a
domestic energy delivery company that includes electric
transmission & distribution, natural gas distribution,
competitive natural gas sales and services, interstate pipelines,
and field services operations. The company serves more than five
million metered customers primarily in Arkansas, Louisiana,
Minnesota, Mississippi, Oklahoma, and Texas. Assets total nearly
$19 billion. With about 8,800 employees, CenterPoint Energy and its
predecessor companies have been in business for more than 135
years. For more information, visit the Web site at
http://www.centerpointenergy.com/. For more information contact
Media: Leticia Lowe Phone 713.207.7702 Investors: Marianne Paulsen
Phone 713.207.6500
http://www.newscom.com/cgi-bin/prnh/20020930/CNPLOGO
http://photoarchive.ap.org/ DATASOURCE: CenterPoint Energy, Inc.
CONTACT: Media, Leticia Lowe, +1-713-207-7702, or Investors,
Marianne Paulsen, +1-713-207-6500, both of CenterPoint Energy, Inc.
Web Site: http://www.centerpointenergy.com/
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