3RD QUARTER 2021 DEBT AND LIQUIDITY SCHEDULES

NOVEMBER 4, 2021

DEBT AND CAPITALIZATION RATIOS

EXCLUDING TRANSITION AND SYSTEM

RESTORATION BONDS

CenterPoint Energy, Inc. Debt and Capitalization Ratios

Excluding Transition and System Restoration Bonds

As of September 30, 2021 and December 31, 2020

($ in millions)

September 30,

December 31,

Short-term Debt:

2021

2020

Short-term borrowings

$

7

$

24

Current portion of transition and system restoration bonds*

217

211

Indexed debt (ZENS)**

11

15

Current portion of other long-term debt

863

1,669

Long-term Debt:

Transition and system restoration bonds*

393

536

Other

15,001

10,985

Total Debt

$

16,492

$

13,440

Less: Transition and system restoration bonds (including current portion)*

610

747

Total Debt, excluding transition and system restoration bonds

$

15,882

$

12,693

Total Shareholders' Equity

$

8,865

$

8,348

Total Capitalization, excluding transition and system restoration bonds

$

24,747

$

21,041

Total Debt/Total Capitalization, excluding transition and system restoration bonds

64.2%

60.3%

  • The transition and system restoration bonds are serviced with dedicated revenue streams, and the bonds are non-recourse to CenterPoint Energy and CenterPoint Energy Houston Electric.
  • The debt component reflected on the financial statements was $11 million and $15 million, as of September 30, 2021 and December 31, 2020 respectively. The principal amount on which 2% interest is paid was $828 million on each of September 30, 2021 and December 31, 2020. The contingent principal amount was $42 million and $56 million as of September 30, 2021 and December 31, 2020, respectively. At maturity or upon redemption, holders of ZENS will receive cash at the higher of the contingent principal amount or the value of the reference shares of AT&T Inc. and Charter Communications, Inc.

Note: Amounts may not add up due to rounding

2

LIQUIDITY AND CREDIT RATINGS

(in millions)

Facility

Amount Utilized1

Amount

Source of Liquidity on October 21, 2021

Size

Unutilized

CenterPoint Energy, Inc. Revolver

$

2,400

$

1,175

2

$

1,225

VUHI

400

$

265

3

135

CenterPoint Houston Electric, LLC Revolver

300

-

4

300

CenterPoint Energy Resources Corp. Revolver

900

715

5

185

Total Bank Facilities

$

4,000

$

2,155

$

1,845

Investments in Money Market Funds

-

Available Liquidity

$

1,845

  1. Based on the consolidated debt to capitalization covenant in the CenterPoint Energy, Inc. revolving credit facility and the revolving credit facility of each of VUHI, CenterPoint Energy Houston Electric, LLC and CenterPoint Energy Resources Corp., the full capacity of such revolving credit facilities, which aggregated $4.0 billion, could have been utilized at April 29, 2021
  2. Represents outstanding letters of credit of $11 million and outstanding commercial paper of $1,164 million.
  3. Represents outstanding letters of credit of $0 million, and outstanding commercial paper of $265 million.
  4. Represents outstanding letters of credit of $0 million and borrowings of $0 million.
  5. Represents outstanding letters of credit of $0 million and outstanding commercial paper of $716 million.

Note: Amounts may not add up due to rounding

3

PRINCIPAL AMOUNTS OF EXTERNAL DEBT

AS OF SEPTEMBER 30, 2021

Principal Amounts of External Debt

As of September 30, 2021

(in millions)

CenterPoint Energy, Inc.

ZENS

$

11

(1)

Senior Notes

$

4,150

Collateralized Pollution Control Bonds

$

68

(2)

Commercial Paper

$

1,143

Bank Loans

$

-

(3)

TOTAL

$

5,372

CenterPoint Energy Resources Corp.

CenterPoint Energy Houston Electric, LLC

Vectren Utility

Holdings, Inc.

Senior Notes

$

3,800

First Mortgage Bonds

$

-

Guaranteed Senior Notes

$

432

Commercial Paper

$

686

General Mortgage Bonds

$

5,012

Commercial Paper

$

285

Bank Loans

$

-

(4)

Bank Loans

$

-

(5)

Bank Loans

$

-

(6)

TOTAL

$

4,486

Total

$

5,012

Total

$

717

CenterPoint Energy Restoration

Bond Company, LLC

Indiana Gas Co.

Southern Indiana Gas & Electric Co.

Restoration Bonds

$

69

Senior Notes

$

96

First Mortgage Bonds

$

293

On Sep 30, 2021, the principal amount on which 2% interest is payable was $828 million, the debt

CenterPoint Energy Transition

Bond Company, IV, LLC

(1)

component reflected on the financial statements was $11 million and the contingent principal amount

Transition Bonds

$

541

was $42 million.

The $68 million principal amount of collateralized pollution control bonds are obligations of CenterPoint

(2)

Energy, Inc. which are collateralized by general mortgage bonds issued by CenterPoint Energy Houston

Electric, LLC.

(3)

Borrowings under $2.4 billion bank facility.

(4)

Borrowings under $900 million bank facility.

(5)

Borrowings under $300 million bank facility.

(6)

Borrowings under $400 million bank facility.

Note: Amounts may not add up due to rounding

4

PRINCIPAL AMOUNTS OF MATURING EXTERNAL DEBT AS OF SEPTEMBER 30, 2021

CenterPoint Energy, Inc.

Principal Amounts of Maturing External Debt

As of September 30, 2021

($ in millions)

CenterPoint

Year

Energy

2021

-

2022-2026

3,593

2027-2031

1,510

2032-2036

-

2037-2041

-

2042-2046

-

2047-2051

300

2052-2056

-

2057+

-

Total

$

5,403

Transition

& System

(1)

Restoration

(2)

CEHE

CERC

VUHI

IGC

SIGECO

Sub-total

Bonds

Total

(3)

-

(6)

-

(5)

55

(7)

-

-

55

73

128

800

2,686

402

10

68

7,559

537

8,096

(4)

700

800

-

86

80

3,176

-

3,176

312

-

75

-

-

387

-

387

-

700

35

-

44

779

-

779

1,100

-

150

-

62

1,312

-

1,312

2,100

300

-

-

-

2,700

-

2,700

-

-

-

-

38

38

-

38

-

-

-

-

-

-

-

-

$

5,012

$

4,486

$

717

$

96

$

293

$

16,007

$

611

$

16,618

  1. Debt collateralized by General Mortgage Bonds of CenterPoint Energy Houston Electric, LLC (CEHE) matures on the following dates: 2028, $68 million.
  2. Using scheduled payment dates.
  3. Includes commercial paper of $1,143 million and bank borrowings of $0 million.
    Includes ZENS at their contingent principal amount of $42 million. As of September 30, 2021, the principal amount of ZENS on which interest is paid was $828 million and the ZENS debt component reflected on the
  4. Company's financial statements was $11 million. At maturity or upon redemption, holders of ZENS will receive cash at the higher of the contingent principal amount or the value of the reference shares of AT&T Inc. and Charter Communications, Inc.
  5. Includes commercial paper of $686 million and bank borrowings of $0 million.
  6. Includes commerical paper of $0 million and bank borrowings of $0 million.
  7. Includes commercial paper of $285 million and bank borrowings of $0 million.

Note: Amounts may not add up due to rounding

5

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CenterPoint Energy Inc. published this content on 04 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 November 2021 21:50:38 UTC.