0001193125-23-234495.txt : 20230913 0001193125-23-234495.hdr.sgml : 20230913 20230913171825 ACCESSION NUMBER: 0001193125-23-234495 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20230913 DATE AS OF CHANGE: 20230913 SUBJECT COMPANY: 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: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-272025-02 FILM NUMBER: 231253500 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 FILED BY: 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: FWP 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 FWP 1 d553776dfwp.htm FWP FWP

Filed Pursuant to Rule 433

Registration No. 333-272025-02

September 13, 2023

PRICING TERM SHEET

(to Preliminary Prospectus Supplement dated September 13, 2023)

 

Issuer:    CenterPoint Energy Houston Electric, LLC
Legal Format:    SEC Registered
Anticipated Ratings*:    A2 (stable) / A (stable) / A (stable) (Moody’s / S&P / Fitch)
Security:    5.20% General Mortgage Bonds, Series AM, due 2028
Principal Amount:    $500,000,000
Maturity Date:    October 1, 2028
Interest Payment Dates:    April 1 and October 1, commencing April 1, 2024
Coupon:    5.20%
Price to Public:    99.888% of the principal amount
Benchmark Treasury:    4.375% due August 31, 2028
Benchmark Treasury Yield:    4.375%
Spread to Benchmark Treasury:    +85 basis points
Re-offer Yield:    5.225%
Optional Redemption:    Prior to September 1, 2028, greater of: (1)(a) make-whole at treasury rate[1] plus 15 basis points (calculated to September 1, 2028), less (b) interest accrued to the date of redemption and (2) 100%, plus, in either case, accrued and unpaid interest. On or after September 1, 2028, 100% plus accrued and unpaid interest.
CUSIP:    15189X BD9
Trade Date:    September 13, 2023
Expected Settlement Date**:    September 18, 2023 (T+3)
Joint Book-Running Managers:   

MUFG Securities Americas Inc.

PNC Capital Markets LLC

RBC Capital Markets, LLC

Scotia Capital (USA) Inc.

TD Securities (USA) LLC

Co-Managers:   

Blaylock Van, LLC

Cabrera Capital Markets LLC

 

[1] 

The term “treasury rate” shall have the meaning ascribed to it in the issuer’s preliminary prospectus supplement dated September 13, 2023.

*

Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

**

We expect that delivery of the mortgage bonds offered hereby will be made against payment therefor on or about September 18, 2023, which will be the third business day following the date of pricing of the mortgage bonds (this settlement cycle being referred to as “T+3”). Under Rule 15c6-1 of the Securities

  Exchange Act of 1934, as amended, trades in the secondary market generally are required to settle in two business days, unless the parties to a trade expressly agree otherwise. Accordingly, purchasers who wish to trade the mortgage bonds on the initial pricing date of the mortgage bonds will be required, by virtue of the fact that the mortgage bonds initially will settle in T+3, to specify alternative settlement arrangements at the time of any such trade to prevent a failed settlement and should consult their own advisors.

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling MUFG Securities Americas Inc. toll-free at (877) 649-6848, PNC Capital Markets LLC toll-free at (855) 881-0697, RBC Capital Markets, LLC toll free at (866) 375-6829, Scotia Capital (USA) Inc. toll-free at (800) 372-3930 or TD Securities (USA) LLC toll-free at (855) 495-9846.