other material
confidence high
sentiment negative
materiality 0.80
CenterPoint Energy prices $247M common stock offering; TX Lt. Gov. seeks $800M clawback
CENTERPOINT ENERGY INC
- Offered 9,754,194 shares at $25.36/share via Barclays and Citi, raising ~$247M.
- Texas Lt. Gov. Patrick urged PUCT to claw back $800M previously approved for Houston Electric rate recovery.
- Houston Electric committed to accelerating hurricane preparedness plan after meeting with Gov. Abbott.
- Intervenors filed motion to challenge Houston Electric's withdrawal of its PUCT rate case (Docket 56211).