Subsequent Events (CenterPoint Energy) |
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Subsequent Events (CenterPoint Energy) [Text Block] | Subsequent Events (CenterPoint Energy) CenterPoint Energy Dividend Declarations
Enable Distributions Declarations (CenterPoint Energy)
Divestiture of Infrastructure Services (CenterPoint Energy) On April 9, 2020, CenterPoint Energy completed the previously announced sale of the Infrastructure Services Disposal Group to PowerTeam Services for $850 million in cash, subject to an adjustment for working capital and other contractual adjustments. The net proceeds of the sale were used to repay a portion of outstanding CenterPoint Energy debt. See Note 3 for further information. ERCOT Loan Agreement (CenterPoint Energy and Houston Electric) On April 13, 2020, in connection with the PUCT’s COVID-19 ERP, Houston Electric entered into a no-interest loan agreement with ERCOT to provide for an initial fund balance for reimbursement for approximately $5 million. Private Placements On May 6, 2020, CenterPoint Energy entered into agreements for the private placements of its Series C Preferred Stock and its Common Stock. For more information about the private placements, see Note 19.
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