CNP subsidiary enters $300M term loan for May storm liquidity; restoration costs estimated $425-475M

CENTERPOINT ENERGY INC

CenterPoint Energy Houston Electric entered a $300M delayed draw term loan (plus $200M accordion) due Dec 2025.
Proceeds support working capital after May 2024 storms that caused peak outages of ~922,000 customers.
Storm restoration costs estimated at $425-475M; recovery expected via securitization bonds.
Covenant: debt-to-capitalization ratio capped at 67.5%, temporarily 70% for natural disaster securitization.
CenterPoint Energy reaffirms previously issued non-GAAP earnings guidance.

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