IPO - CENTERPOINT ENERGY HOUSTON ELECTRIC LLC

Form Type: SF-1

Filing Date: 2025-06-20

Corporate Action: Ipo

Type: New

Accession Number: 000110465925061199

Filing Summary: CenterPoint Energy Houston Electric, LLC is initiating an initial public offering (IPO) of up to $       aggregate principal amount of Series 2025-A Senior Secured System Restoration Bonds. The bonds will be issued by CenterPoint Energy Restoration Bond Company II, LLC and are senior secured obligations, backed by system restoration property which allows the collection of system restoration charges from retail electric providers within CenterPoint Houston's service area. This offering aims to commence as soon as practicable following the effective date of this registration statement, with a significant focus on ensuring that required amounts for debt service and other costs related to the bonds can be met through systematic pricing adjustments. The bonds will have interest accrue from their issuance and are expected to establish a collection mechanism that guarantees timely payments of interest and principal. Due to the nature of the listing, there are inherent risks regarding the investment in these bonds, including potential adjustments based on regulatory actions, and economic influences that could impact the rates and their collection.