8-KOther Events

CENTERPOINT ENERGY INC 8-K Report, Corporate Update (Dec 1, 2017)

Filed December 1, 2017For Securities:CNP

Summary

This 8-K filing from CenterPoint Energy, Inc. (CNP) on December 1, 2017, announces the termination of late-stage discussions concerning its indirect, wholly-owned subsidiary, CenterPoint Energy Resources Corp. (CERC), and its interest in Enable Midstream Partners, LP. The termination occurred because the parties involved were unable to reach a mutually agreeable transaction. This development means that CERC will retain its interest in Enable Midstream Partners, LP, at least for the time being. Investors should monitor future company communications for any updates regarding CERC's strategic options or potential transactions involving its stake in Enable Midstream.

Key Highlights

  • 1CenterPoint Energy, Inc. (CNP) announced the termination of discussions regarding a transaction involving its subsidiary, CERC, and its interest in Enable Midstream Partners, LP.
  • 2The discussions terminated on December 1, 2017.
  • 3The reason for termination is the inability of the parties to reach a mutually acceptable agreement.
  • 4This implies CERC will continue to hold its interest in Enable Midstream Partners, LP.
  • 5No new transaction related to this interest has been agreed upon as of the filing date.

Frequently Asked Questions

The discussions were late-stage and involved CenterPoint Energy Resources Corp.'s (CERC) interest in Enable Midstream Partners, LP. The specific terms of the potential transaction were not disclosed but involved CERC's stake in Enable Midstream.

The discussions terminated because the parties involved could not reach an agreement on terms that were mutually acceptable.

As the discussions terminated without a deal, CenterPoint Energy Resources Corp. (CERC) will continue to hold its interest in Enable Midstream Partners, LP. The company has not entered into a new transaction regarding this asset as of the filing date.

This filing only announces the termination of current discussions. It does not provide information on future plans or strategies regarding CERC's interest in Enable Midstream Partners, LP. Investors should watch for subsequent company announcements for any further developments.