0000950123-11-089909.txt : 20111014 0000950123-11-089909.hdr.sgml : 20111014 20111013195809 ACCESSION NUMBER: 0000950123-11-089909 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20111013 ITEM INFORMATION: Other Events FILED AS OF DATE: 20111014 DATE AS OF CHANGE: 20111013 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CENTERPOINT ENERGY HOUSTON ELECTRIC LLC CENTRAL INDEX KEY: 0000048732 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 223865106 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-03187 FILM NUMBER: 111140525 BUSINESS ADDRESS: STREET 1: 1111 LOUISIANA CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 7132073000 MAIL ADDRESS: STREET 1: 611 WALKER CITY: HOUSTON STATE: TX ZIP: 77002 FORMER COMPANY: FORMER CONFORMED NAME: RELIANT ENERGY INC DATE OF NAME CHANGE: 19990513 FORMER COMPANY: FORMER CONFORMED NAME: HOUSTON INDUSTRIES INC DATE OF NAME CHANGE: 19970807 FORMER COMPANY: FORMER CONFORMED NAME: HOUSTON LIGHTING & POWER CO DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CENTERPOINT ENERGY INC CENTRAL INDEX KEY: 0001130310 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 740694415 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-31447 FILM NUMBER: 111140524 BUSINESS ADDRESS: STREET 1: 1111 LOUISIANA ST. CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 7132073000 MAIL ADDRESS: STREET 1: 1111 LOUISIANA ST. CITY: HOUSTON STATE: TX ZIP: 77002 FORMER COMPANY: FORMER CONFORMED NAME: RELIANT ENERGY REGCO INC DATE OF NAME CHANGE: 20001220 8-K 1 h85097e8vk.htm FORM 8-K e8vk
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 13, 2011
 
CENTERPOINT ENERGY, INC.
(Exact name of registrant as specified in its charter)
         
Texas
(State or other jurisdiction
of incorporation) 		  1-31447
(Commission File Number) 		  74-0694415
(IRS Employer
Identification No.)
     
1111 Louisiana
Houston, Texas
(Address of principal executive offices) 		  77002
(Zip Code)
Registrant’s telephone number, including area code: (713) 207-1111
 
CENTERPOINT ENERGY HOUSTON ELECTRIC, LLC
(Exact name of registrant as specified in its charter)
         
Texas
(State or other jurisdiction
of incorporation) 		  1-3187
(Commission File Number) 		  22-3865106
(IRS Employer
Identification No.)
     
1111 Louisiana
Houston, Texas
(Address of principal executive offices) 		  77002
(Zip Code)
Registrant’s telephone number, including area code: (713) 207-1111
 
     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below):
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 

Item 8.01   Other Events.
     At its open meeting on October 13, 2011, the Public Utility Commission of Texas (Texas Utility Commission) voted to approve a final order (the final order) in the true-up remand proceeding (the remand proceeding) before the Texas Utility Commission relating to rulings by the Texas Supreme Court and the Texas Third Court of Appeals on appeals taken with regard to the final true-up order issued in 2004 by the Texas Utility Commission to CenterPoint Energy Houston Electric, LLC (CenterPoint Houston), the transmission and distribution subsidiary of CenterPoint Energy, Inc. The final order provides that (i) CenterPoint Houston is entitled to recover a total true-up balance of $1.695 billion (the recoverable true-up balance) in the remand proceeding, (ii) no further interest will accrue on the recoverable true-up balance, and (iii) CenterPoint Houston will reimburse certain parties for their reasonable rate case expenses. The final order is consistent with the terms of an unopposed stipulation submitted to the Texas Utility Commission (the stipulation) under which CenterPoint Houston, the staff of the Texas Utility Commission, and certain intervenors agreed to resolve the disputed issues in the remand proceeding subject to the approval of the Texas Utility Commission.
     The parties to the stipulation have also agreed upon a financing order in the form attached to the stipulation (the financing order) that would authorize the issuance of transition bonds by one or more new special purpose subsidiaries of CenterPoint Houston to securitize the recoverable true-up balance. Under the terms of the stipulation, CenterPoint Houston has agreed to bear the up-front costs of issuing transition bonds to securitize the recoverable true-up balance. On October 6, 2011, CenterPoint Houston filed an application with the Texas Utility Commission seeking approval of the financing order, and requested that the Texas Utility Commission consider the application at its open meeting scheduled for October 27, 2011. By law, the Texas Utility Commission has 90 days from the date of the application to issue a financing order. The timing for, and actual completion of, any transition bond offering will ultimately depend on a number of factors, including actions by the Texas Utility Commission, the timing for approval of a financing order and any appeals thereof, and future market conditions.
Cautionary Statement Regarding Forward-Looking Information
     This report includes forward-looking statements. Actual events and results may differ materially from those projected. The statements in this report regarding the consideration by the Texas Utility Commission of the application for a financing order, the planned transition bond offering, and any other statements that are not historical facts are forward-looking statements. Factors that could affect actual results include actions by the Texas Utility Commission and any appeals thereof, and other factors discussed in CenterPoint Energy, Inc.’s and its subsidiaries’ Form 10-Ks for the fiscal year ended December 31, 2010, CenterPoint Energy, Inc.’s and its subsidiaries’ Form 10-Qs for the quarterly periods ended March 31, 2011 and June 30, 2011, and other filings with the Securities and Exchange Commission.

 

 

SIGNATURE
     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
         
  CENTERPOINT ENERGY, INC.
 		  
Date: October 13, 2011  By:   /s/ Christopher J. Arntzen    
    Christopher J. Arntzen   
    Vice President, Deputy General Counsel and Assistant Corporate Secretary   
 
SIGNATURE
     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
         
  CENTERPOINT ENERGY HOUSTON ELECTRIC, LLC
 		  
Date: October 13, 2011  By:   /s/ Christopher J. Arntzen    
    Christopher J. Arntzen   
    Vice President, Deputy General Counsel and Assistant Secretary