The following combined discussion and analysis should be read in combination
with the Interim Condensed Financial Statements contained in this combined Form
10-Q and the Registrants' combined 2021 Form 10-K. When discussing CenterPoint
Energy's consolidated financial information, it includes the results of Houston
Electric and CERC, which, along with CenterPoint Energy, are collectively
referred to as the Registrants. Where appropriate, information relating to a
specific Registrant has been segregated and labeled as such. In this combined
Form 10-Q, the terms "our," "we" and "us" are used as abbreviated references to
CenterPoint Energy, Inc. together with its consolidated subsidiaries. No
Registrant makes any representations as to the information related solely to
CenterPoint Energy or the subsidiaries of CenterPoint Energy other than itself.
RECENT EVENTS
Sale of Natural Gas Businesses. On January 10, 2022, CERC Corp. completed the
sale of its Arkansas and Oklahoma Natural Gas businesses. For additional
information regarding discontinued operations and divestitures, see Note 3 to
the Interim Condensed Financial Statements.
Sale of Energy Transfer Equity Securities. During the three months ended March
31, 2022, CenterPoint Energy sold its remaining Energy Transfer Common Units and
Energy Transfer Series G Preferred Units for net proceeds of $702 million. For
more information, see Note 10 to the Interim Condensed Financial Statements.
Debt Transactions. During the three months ended March 31, 2022, Houston
Electric issued $800 million in new debt and CenterPoint Energy and CERC repaid
or redeemed a combined $1,030 million of debt, excluding scheduled principal
payments on Securitization Bonds. For information about debt transactions to
date in 2022, see Note 11 to the Interim Condensed Financial Statements.
Regulatory Proceedings. For information related to our pending and completed
regulatory proceedings to date in 2022, see "-Liquidity and Capital Resources
-Regulatory Matters" below.
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