HOUSTON, Feb. 1, 2019 /PRNewswire/ -- CenterPoint
Energy, Inc. (NYSE: CNP) today announced that Vectren Utility
Holdings, Inc. (VUHI), a wholly owned subsidiary of CenterPoint
Energy, has notified the New York Stock Exchange (NYSE) of its
intention to voluntarily delist VUHI's 6.10% Senior Notes due
December 1, 2035 (NYSE: VVC.HB) (the
"Notes") from the NYSE. VUHI also intends to terminate the
registration of the Notes and the related guarantees, and the
reporting obligations of VUHI with respect to the Notes and
guarantees, under the Securities Exchange Act of 1934, as amended
(the "Exchange Act").
VUHI plans to file a Notification of Removal from Listing on
Form 25 with the Securities and Exchange Commission (SEC) on or
about February 11, 2019, and the
listing of the Notes on the NYSE will terminate 10 days after the
Form 25 is filed.
CenterPoint Energy and VUHI's decision to withdraw the Notes
from listing on the NYSE and to terminate registration of the Notes
under the Exchange Act was based on their determination that,
in light of CenterPoint Energy's merger with Vectren Corporation,
the administrative costs and burdens associated with maintaining
the listing of the Notes on the NYSE and the registration of the
Notes under the Exchange Act exceed the benefits given the small
number of holders of the Notes.
After the delisting and deregistration of the Notes, the Notes
will remain outstanding and the holders of the Notes will continue
to interact and receive their respective principal and interest
payments through the trustee, U.S. Bank National Association. VUHI
has not arranged for the listing or registration of the Notes on
another national securities exchange or for the quotation of the
Notes in a quotation medium.
CenterPoint Energy
Headquartered in Houston,
Texas, CenterPoint Energy, Inc. is an energy delivery
company with regulated utility businesses in eight states and a
competitive energy businesses footprint in nearly 40 states.
Through its electric transmission & distribution, power
generation and natural gas distribution businesses, the company
serves more than 7 million metered customers primarily in
Arkansas, Indiana, Louisiana, Minnesota, Mississippi, Ohio, Oklahoma and Texas. CenterPoint Energy's competitive energy
businesses include natural gas marketing and energy-related
services; energy efficiency, sustainability and infrastructure
modernization solutions; and construction and repair services for
pipeline systems, primarily natural gas. The company also owns 54.0
percent of the common units representing limited partner interests
in Enable Midstream Partners, LP, a publicly traded master limited
partnership that owns, operates and develops strategically located
natural gas and crude oil infrastructure assets. With nearly 14,000
employees and nearly $29 billion in
assets, CenterPoint Energy and its predecessor companies have been
in business for more than 150 years. For more information, visit
CenterPointEnergy.com.
Forward-Looking Statement
The statements in this press release contain "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934. All
statements other than statements of historical fact included in
this press release are forward-looking statements made in good
faith by us and are intended to qualify for the safe harbor from
liability established by the Private Securities Litigation Reform
Act of 1995. When used in this press release, the words
"anticipate," "believe," "continue," "could," "estimate," "expect,"
"forecast," "goal," "intend," "may," "objective," "plan,"
"potential," "predict," "projection," "should," "target," "will" or
other similar words are intended to identify forward-looking
statements. These forward-looking statements are based upon
assumptions of management which are believed to be reasonable at
the time made and are subject to significant risks and
uncertainties. Actual events and results may differ materially from
those expressed or implied by these forward-looking statements.
Forward-looking statements include, but are not limited to,
statements relating to the termination of registration of the
Notes, the related guarantees and the reporting obligations of VUHI
with respect to the Notes and guarantees and the termination of
listing of the Notes on the NYSE. Each forward-looking statement
contained in this press release speaks only as of the date of this
release. Important factors that could cause actual results to
differ materially from those indicated by the provided
forward-looking information include risks and uncertainties
discussed in CenterPoint Energy's Annual Report on Form 10-K for
the fiscal year ended December 31,
2017, CenterPoint Energy's Quarterly Report on Form 10-Q for
the quarters ended March 31, 2018,
June 30, 2018 and September 30, 2018 and other reports CenterPoint
Energy or its subsidiaries may file from time to time with the
Securities and Exchange Commission.
For more information contact
Media:
John Sousa
Phone 713.207.1111
Investors:
Dave
Mordy
Phone 713.207.6500
View original content to download
multimedia:http://www.prnewswire.com/news-releases/centerpoint-energy-announces-intent-to-voluntarily-delist-outstanding-vectren-utility-holdings-notes-from-nyse-300788464.html
SOURCE CenterPoint Energy, Inc.
