8-KRegulation FDExhibits & Filings

CENTERPOINT ENERGY INC 8-K Report, Regulation FD Disclosure (Mar 15, 2013)

Filed March 15, 2013For Securities:CNP

Summary

CenterPoint Energy, Inc. (CNP) filed a Form 8-K on March 15, 2013, to announce a significant strategic move: the formation of a master limited partnership (MLP). This new MLP will combine CenterPoint's existing interstate pipelines and field services businesses with the midstream business of Enogex LLC. Enogex LLC is jointly owned by subsidiaries of OGE Energy Corp. and ArcLight Capital Partners, LLC. This transaction signals a strategic shift for CenterPoint, aiming to unlock value from its midstream assets by structuring them within an MLP, a common vehicle for energy infrastructure businesses that can offer tax advantages and attract specific investor bases. The filing includes a press release and a slide presentation detailing the announcement and will be accompanied by a conference call for the financial community to discuss the implications of this partnership. Investors should pay close attention to the terms of the agreement, the projected impact on CenterPoint's financial performance, and the strategic rationale behind this move as outlined in the accompanying materials.

Key Highlights

  • 1CenterPoint Energy, Inc. announced the agreement to form a master limited partnership (MLP) on March 14, 2013.
  • 2The MLP will integrate CenterPoint's interstate pipelines and field services businesses.
  • 3The MLP will also incorporate the midstream business of Enogex LLC.
  • 4Enogex LLC is a joint venture between subsidiaries of OGE Energy Corp. and ArcLight Capital Partners, LLC.
  • 5The filing provides a press release (Exhibit 99.1) and a slide presentation (Exhibit 99.2) for detailed information.
  • 6CenterPoint Energy scheduled a conference call on March 15, 2013, to discuss the announcement with the financial community.

Frequently Asked Questions

The main purpose of this Form 8-K filing is to publicly announce CenterPoint Energy's agreement to form a master limited partnership (MLP) that will combine its interstate pipelines and field services businesses with Enogex LLC's midstream operations.

The new MLP will include CenterPoint Energy's interstate pipelines and field services businesses, as well as the midstream business of Enogex LLC.

The other parties involved are Enogex LLC, which is jointly owned by subsidiaries of OGE Energy Corp. and ArcLight Capital Partners, LLC.

Investors can find more detailed information in the press release (Exhibit 99.1) and the slide presentation (Exhibit 99.2) attached to this Form 8-K filing. A replay of the conference call will also be available on CenterPoint's website.