8-KOther Events

CENTERPOINT ENERGY INC 8-K Report (Dec 12, 2003)

Filed December 12, 2003For Securities:CNP

Summary

This 8-K filing reports a non-critical operational issue at the South Texas Project (STP) nuclear facility, in which CenterPoint Energy's majority-owned subsidiary, Texas Genco, holds a significant interest. Specifically, one of the three standby diesel generators at Unit 2 of STP failed during a routine test on December 9, 2003. While this generator is currently inoperable, the facility continues to operate at full power, supported by two other operational standby diesel generators.

Key Highlights

  • 1A standby diesel generator at the South Texas Project (STP) Unit 2 experienced a failure during a routine test on December 9, 2003.
  • 2Texas Genco, a majority-owned subsidiary of CenterPoint Energy, owns a 30.8% interest in STP.
  • 3STP Unit 2 remains operational at full power.
  • 4The facility has two other operational standby diesel generators, mitigating immediate operational risk.
  • 5The cause of the failure and the cost of repairs are currently undetermined.
  • 6It is unknown at this time if the generator failure will necessitate a facility outage.

Frequently Asked Questions

One of the three standby diesel generators at Unit 2 of the South Texas Project experienced a failure during a routine test on December 9, 2003.

No, STP Unit 2 continues to operate at full power with two other operational standby diesel generators available.

CenterPoint Energy's majority-owned subsidiary, Texas Genco, owns a 30.8% interest in the South Texas Project.

The cost of repairs is currently unknown, and it is also uncertain whether this event will lead to a required outage, which could impact operational output and revenue.