CenterPoint Energy Announces Public Offering of Its Common Stock
09 Septembre 2009 - 10:53PM
PR Newswire (US)
HOUSTON, Sept. 9 /PRNewswire-FirstCall/ -- CenterPoint Energy, Inc.
(NYSE: CNP) announced today that it has commenced an underwritten
registered public offering of 21,000,000 shares of its common
stock, subject to market conditions. CenterPoint Energy expects to
grant the underwriters an option to purchase up to an additional
3,150,000 shares to cover over-allotments, if any. (Logo:
http://www.newscom.com/cgi-bin/prnh/20020930/CNPLOGO) The company
intends to use the net proceeds from this offering for general
corporate purposes, including, without limitation, repayment of
borrowings under its revolving credit facility and its money pool
and making loans to its subsidiaries, including to CenterPoint
Energy Resources Corp. to fund its subsidiary's gas gathering
project. This news release does not constitute an offer to sell, or
the solicitation of an offer to buy, any security and shall not
constitute an offer, solicitation or sale in any jurisdiction in
which such offering would be unlawful. The offering will be made
pursuant to CenterPoint Energy's shelf registration statement filed
with the Securities and Exchange Commission on October 9, 2008,
which became automatically effective, by means of a prospectus and
related prospectus supplement. Citi, Deutsche Bank Securities, BofA
Merrill Lynch and UBS Investment Bank will act as joint
book-running underwriters in connection with the offering. Copies
of the prospectus and the preliminary prospectus supplement
relating to the offering may be obtained from the offices of Citi,
Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, New
York 11220 (toll-free: 800-831-9146); Deutsche Bank Securities,
Prospectus Department, 100 Plaza One, Jersey City, New Jersey
07311-3901 (toll-free: 800-503-4611) or by e-mail at ; BofA Merrill
Lynch, 4 World Financial Center, New York, New York 10080, Attn:
Prospectus Department; and UBS Investment Bank, Attn: Prospectus
Department, 299 Park Avenue, New York, New York 10171 (toll-free:
888-827-7275). 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. This news release
includes forward-looking statements. Actual events and results may
differ materially from those projected. The statements in this news
release regarding the offering and the use of proceeds thereof are
forward-looking statements that involve risks and uncertainties
including market conditions, changes in CenterPoint Energy's
business plans and other factors discussed in CenterPoint Energy's
Form 10-K for the period ended December 31, 2008, CenterPoint
Energy's Form 10-Q for the period ended March 31, 2009, CenterPoint
Energy's Form 10-Q for the period ended June 30, 2009, and
CenterPoint Energy's other filings with the Securities and Exchange
Commission. 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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