EX-99.G7 15 h97293exv99wg7.txt LONG-TERM DEBT & PREFERRED SECURITIES ASSUMSION EXHIBIT G-7 EXTERNAL DEBT OF CENTERPOINT ENERGY HOUSTON ELECTRIC, LLC (FORMERLY RELIANT ENERGY, INCORPORATED) AMOUNTS AS OF JUNE 28, 2002
=============================================================================================================== PRINCIPAL AMOUNT MATURITY RATINGS TYPE OF SECURITY (IN MILLIONS) RATE DATE MOODY'S/S&P CUSIP =============================================================================================================== First Mortgage Bonds $102.442 9.15% 3/15/21 A3/BBB+ 442164 BL2 --------------------------------------------------------------------------------------------------------------- First Mortgage Bonds 62.275 8.75% 3/01/22 A3/BBB+ 442164 BM0 --------------------------------------------------------------------------------------------------------------- First Mortgage Bonds 250.000 7.75% 3/15/23 A3/BBB+ 442164 BP3 --------------------------------------------------------------------------------------------------------------- First Mortgage Bonds 200.000 7.75% 7/01/23 A3/BBB+ 442164 BQ1 --------------------------------------------------------------------------------------------------------------- Total $614.717 ---------------------------------------------------------------------------------------------------------------
In addition to these four series of bonds, CenterPoint Energy Houston Electric, LLC has nine additional series of First Mortgage Bonds aggregating $546.5 million that are held by bond trustees as collateral for an equal principal amount of debt on which CenterPoint Energy, Inc. (the corporate parent of CenterPoint Energy Houston Electric, LLC) is the obligor. 1 EXTERNAL DEBT OF CENTERPOINT ENERGY, INC. AMOUNTS AS OF JUNE 28, 2002 SERIES OF TAXABLE DEBT At the time of the restructuring previously described, CenterPoint Energy, Inc. will expressly assume and become the primary obligor with respect to the following indebtedness. Such assumption is required by the terms of the applicable indentures.
============================================================================================================================== PRINCIPAL AMOUNT RATINGS OBLIGOR WHEN TYPE OF SECURITY (IN MILLIONS) RATE COLLATERAL MATURITY DATE MOODY'S/S&P CUSIP ISSUED(1) ============================================================================================================================== Debentures $ 100.00 7.875% None 07/01/02 Baa1/BBB 442161 AD 7 HII ------------------------------------------------------------------------------------------------------------------------------ ZENS 1,000.00(2) (2) None 09/15/29 Baa3/BBB 15189T 20 6 REI ------------------------------------------------------------------------------------------------------------------------------ Medium Term Notes, Series C 150.00 6.500% (3) 04/21/03 A3/BBB+ 442164 BT 5 HL&P ------------------------------------------------------------------------------------------------------------------------------ Total $1,250.00 ------------------------------------------------------------------------------------------------------------------------------
(1) HII = Houston Industries Incorporated REI = Reliant Energy, Incorporated HL&P = Houston Lighting & Power Company (2) $0.29125 per ZENS (or 2% per year on principal amount of $1 billion) plus "pass-through" of AOL common stock dividend (3) A series of First Mortgage Bonds issued by CenterPoint Energy Houston Electric, LLC with an interest rate that exceeds the interest rate on the related medium-term notes and a maturity date that is subsequent to the maturity date of the related medium-term notes. -------------------------------------------------------------------------------- SERIES OF TAX-EXEMPT DEBT At the time of the restructuring previously described, CenterPoint Energy, Inc. will expressly assume installment payment obligations relating to the following series of pollution control bonds. Such assumption is required by the terms of the applicable installment payment agreements.
PRINCIPAL OBLIGOR AMOUNT MATURITY RATINGS WHEN ISSUER(1) SERIES (IN MILLIONS) RATE COLLATERAL INSURER DATE MOODY'S/S&P CUSIP ISSUED(2) ------------------------------------------------------------------------------------------------------------------------------------ Brazos 1992A $43.820 6.700% (3) AMBAC 03/01/17 Aaa/AAA 106214 CF 4 HL&P ------------------------------------------------------------------------------------------------------------------------------------ Matagorda 1992A 56.095 6.700% (3) AMBAC 03/01/27 Aaa/AAA 57652T AE 7 HL&P ------------------------------------------------------------------------------------------------------------------------------------ Brazos 1992B 33.470 6.375% (3) MBIA 04/01/12 Aaa/AAA 106214 CU 1 HL&P ------------------------------------------------------------------------------------------------------------------------------------ Gulf Coast 1992A 12.100 6.375% (3) MBIA 04/01/12 Aaa/AAA 401905 AF 1 HL&P ------------------------------------------------------------------------------------------------------------------------------------ Brazos 1993 83.565 5.600% (3) MBIA 12/01/17 Aaa/AAA 106214 DM 8 HL&P ------------------------------------------------------------------------------------------------------------------------------------ Gulf Coast 1993 16.600 4.900% (3) MBIA 12/01/03 Aaa/AAA 401905 AH 7 HL&P ------------------------------------------------------------------------------------------------------------------------------------ Brazos 1995 91.945 5.800% (3) MBIA 08/01/15 Aaa/AAA 106214 DN 6 HL&P ------------------------------------------------------------------------------------------------------------------------------------ Matagorda 1995 58.905 5.800% (3) MBIA 10/15/15 Aaa/AAA 57652T AG 2 HL&P ------------------------------------------------------------------------------------------------------------------------------------ Brazos 1997 50.000 5.050% None AMBAC 11/01/18 Aaa/AAA 106214 DX 4 HL&P ------------------------------------------------------------------------------------------------------------------------------------ Matagorda 1997 68.000 5.125% None AMBAC 11/01/28 Aaa/AAA 57652T AV 9 HL&P ------------------------------------------------------------------------------------------------------------------------------------ Matagorda 1998A 29.685 5.250% None MBIA 11/01/29 Aaa/AAA 57652T AL 1 HII ------------------------------------------------------------------------------------------------------------------------------------ Matagorda 1998B 75.000 5.150% None MBIA 11/01/29 Aaa/AAA 57652T AM 9 HII ------------------------------------------------------------------------------------------------------------------------------------ Brazos 1998A 100.000 5.125% None AMBAC 05/01/19 Aaa/AAA 106214 DQ 9 HII ------------------------------------------------------------------------------------------------------------------------------------ Brazos 1998B 90.000 5.125% None AMBAC 11/01/20 Aaa/AAA 106214 DR 7 HII ------------------------------------------------------------------------------------------------------------------------------------ Brazos 1998C 100.000 5.125% None AMBAC 05/01/19 Aaa/AAA 106214 DS 5 HII ------------------------------------------------------------------------------------------------------------------------------------ Brazos 1998D 68.700 4.900% None MBIA 10/01/15 Aaa/AAA 106214 DW 6 HII ------------------------------------------------------------------------------------------------------------------------------------ Gulf Coast 1999 19.200 4.700% None AMBAC 01/01/11 Aaa/AAA 401905 BK 9 HII ------------------------------------------------------------------------------------------------------------------------------------ Matagorda 1999A 100.000 5.250% None AMBAC 06/01/26 Aaa/AAA 57652T AW 7 HII ------------------------------------------------------------------------------------------------------------------------------------ Brazos 1999A 100.000 5.375% None 04/01/19 Baa1/BBB 106214 DY 2 HII ------------------------------------------------------------------------------------------------------------------------------------ Matagorda 1999B 70.315 5.950% None 05/01/30 Baa1/BBB 57652T AY 3 REI ------------------------------------------------------------------------------------------------------------------------------------ Brazos 1999B 100.000 5.200% None 12/01/18 Baa1/BBB 106214 DZ 9 REI ------------------------------------------------------------------------------------------------------------------------------------ Matagorda 1999C 75.000 5.200% None 05/01/29 Baa1/BBB 57652T AZ 0 REI ------------------------------------------------------------------------------------------------------------------------------------ Total $1,442.400 ------------------------------------------------------------------------------------------------------------------------------------
(1) Brazos = Brazos River Authority Matagorda = Matagorda County Navigation District Number One Gulf Coast = Gulf Coast Waste Disposal Authority (2) HL&P = Houston Lighting & Power Company HII = Houston Industries Incorporated REI = Reliant Energy, Incorporated (3) A series of First Mortgage Bonds issued by CenterPoint Energy Houston Electric, LLC with an interest rate that equals or exceeds the rate on the pollution control bonds and a maturity date that matches or is subsequent to the maturity date of the related pollution control bonds. -------------------------------------------------------------------------------- 2