-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Io5BpJyRFe40FMo3PGN29jjiJBfyMK2nhpKOdB7W6N3pthOyGjN9z7QnRub+TlKY 1fQqKteHL9dU9snWcVNx+g== 0000950129-04-007201.txt : 20040921 0000950129-04-007201.hdr.sgml : 20040921 20040921060805 ACCESSION NUMBER: 0000950129-04-007201 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040917 ITEM INFORMATION: Other Events FILED AS OF DATE: 20040921 DATE AS OF CHANGE: 20040921 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: 041038368 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 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-31447 FILM NUMBER: 041038369 BUSINESS ADDRESS: STREET 1: 1111 LOUISIANT ST. CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 7132073000 MAIL ADDRESS: STREET 1: 1111 LOUISIANT ST. CITY: HOUSTON STATE: TX ZIP: 77002 FORMER COMPANY: FORMER CONFORMED NAME: RELIANT ENERGY REGCO INC DATE OF NAME CHANGE: 20001220 8-K 1 h18528e8vk.txt CENTERPOINT ENERGY, INC.- SEPTEMBER 17, 2004 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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): September 17, 2004 ------------------------------ CenterPoint Energy, Inc. - -------------------------------------------------------------------------------- (Exact Name of Registrant as Specified in Its Charter) Texas - -------------------------------------------------------------------------------- (State or Other Jurisdiction of Incorporation) 1-31447 74-0694415 - -------------------------------------------------------------------------------- (Commission File Number) (IRS Employer Identification No.) 1111 Louisiana, Houston, Texas 77002 - -------------------------------------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) (713) 207-1111 - -------------------------------------------------------------------------------- (Registrant's Telephone Number, Including Area Code) ------------------------------ CenterPoint Energy Houston Electric, LLC - -------------------------------------------------------------------------------- (Exact Name of Registrant as Specified in Its Charter) Texas - -------------------------------------------------------------------------------- (State or Other Jurisdiction of Incorporation) 1-3187 22-3865106 - -------------------------------------------------------------------------------- (Commission File Number) (IRS Employer Identification No.) 1111 Louisiana, Houston, Texas 77002 - -------------------------------------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) (713) 207-1111 - -------------------------------------------------------------------------------- (Registrant's Telephone Number, Including Area Code) ------------------------------ 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): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ITEM 8.01 OTHER EVENTS. Following the September 17, 2004 public meeting of the Public Utility Commission of Texas (the Texas Commission), CenterPoint Energy, Inc. (the Company) believes that the Texas Commission has substantially completed its deliberations on the true-up application filed in March 2004 by CenterPoint Energy Houston Electric, LLC (CEHE), an indirect wholly owned subsidiary of the Company. Based on deliberations during four public meetings held to discuss CEHE's application, the Company estimates that the Texas Commission will reduce the $3.7 billion requested in the true-up application, excluding interest, by approximately $1.9 to $2.0 billion. The Texas Commission has not completed its deliberations regarding interest on the Company's stranded costs. The Texas Commission is not expected to issue its formal written decision until October, and it is possible that the Texas Commission could modify its views prior to issuing its formal written decision. Based on its analysis of the Texas Commission's deliberations, the Company anticipates recording an after-tax charge to earnings in the third quarter of 2004 of approximately $1 billion. The ultimate amount of such charge will depend upon the final action of the Texas Commission. CEHE expects to seek rehearing of the Texas Commission's rulings once they have been reduced to a final written order, and, to the extent sufficient relief is not obtained through rehearing, to contest certain of the Texas Commission's rulings through appeals to Texas state courts. The Company and CEHE believe that significant aspects of the decisions made to date by the Texas Commission are contrary to both the statute by which the legislature restructured the electric industry in Texas and the regulations and orders the Texas Commission has issued in implementing that statute. Although the Company and CEHE believe they have meritorious arguments, no prediction can be made as to the ultimate outcome of rehearings or appeals. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION Some of the statements in this report are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. You can generally identify our forward-looking statements by the words "could," "will," "intend," "expect" or other similar words. We have based our forward-looking statements on our management's beliefs and assumptions based on information available to our management at the time the statements are made. We caution you that assumptions, beliefs, expectations, intentions and projections about future events may and often do vary materially from actual results. The timing and the outcome of the true-up proceeding and any legal proceedings related thereto could cause actual results to differ materially from those expressed or implied in forward-looking statements. You should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of the particular statement. 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. Date: September 21, 2004 CENTERPOINT ENERGY, INC. By: /s/ James S. Brian --------------------------------- James S. Brian Senior Vice President and Chief Accounting Officer 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. Date: September 21, 2004 CENTERPOINT ENERGY HOUSTON ELECTRIC, LLC By: /s/ James S. Brian --------------------------------- James S. Brian Senior Vice President and Chief Accounting Officer -----END PRIVACY-ENHANCED MESSAGE-----