8-KOther EventsExhibits & Filings

CENTERPOINT ENERGY INC 8-K Report, Corporate Update (Aug 12, 2019)

Filed August 12, 2019For Securities:CNP

Summary

CenterPoint Energy, Inc. (CNP) filed this Form 8-K on August 12, 2019, to provide crucial financial details regarding the previously completed merger with Vectren Corporation. The filing includes the audited consolidated financial statements of Vectren for the years ended December 31, 2018, 2017, and 2016, alongside the independent auditor's report. This information is vital for investors to understand the financial position and historical performance of the acquired entity. Furthermore, the report presents unaudited pro forma condensed combined financial information related to the merger. This pro forma data offers a glimpse into how the combined entity would have performed financially had the merger occurred at an earlier date. Investors should review these financial statements and pro forma information to assess the financial implications of the Vectren acquisition and its potential impact on CenterPoint Energy's future financial results and strategic positioning.

Key Highlights

  • 1Filing provides audited consolidated financial statements for Vectren Corporation for the years 2016, 2017, and 2018.
  • 2Includes the auditor's report for Vectren's financial statements.
  • 3Presents unaudited pro forma condensed combined financial information for the merger.
  • 4This report supplements previous disclosures about the merger consummated on February 1, 2019.
  • 5The information is incorporated by reference into this 8-K filing.
  • 6Aims to provide investors with a comprehensive financial picture post-Vectren acquisition.

Frequently Asked Questions

The primary purpose of this 8-K filing is to provide investors with the audited consolidated financial statements of Vectren Corporation and pro forma condensed combined financial information related to the merger between CenterPoint Energy and Vectren, which was completed on February 1, 2019.

The filing includes Vectren's audited consolidated financial statements for the fiscal years ended December 31, 2018, 2017, and 2016, along with the related notes and the Independent Auditor’s Report.

Pro forma condensed combined financial information shows how the combined company (CenterPoint Energy and Vectren) would have looked financially if the merger had occurred at an earlier point in time. This helps investors understand the potential financial impact and combined performance of the newly formed entity.

The detailed financial statements for Vectren and the pro forma combined information are attached as exhibits (Exhibit 99.1 and Exhibit 99.2, respectively) to this 8-K filing and are incorporated by reference.