other_material
confidence high
sentiment neutral
materiality 0.50
CenterPoint Energy enters into at-the-market equity program to sell up to $1B of common stock
CENTERPOINT ENERGY INC
- Up to $1B in common stock may be sold through managers and forward sellers in ATM offerings.
- Previous ATM program terminated; ~$84.9M remained unsold under that program.
- Proceeds for general corporate purposes, including capital expenditure programs and commercial paper repayment.
- Sales may occur at prevailing market prices via NYSE, NYSE Texas, or other methods; commission up to 1%.
- Forward sale agreements allow borrowing shares and potential cash or net share settlement at maturity.
item 1.01item 9.01