E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers C > Headlines for CenterPoint Energy, Inc. > News item
Published on 11/11/2004 in the Prospect News Convertibles Daily.

S&P: CenterPoint Energy unaffected

Standard & Poor's said the Public Utility Commission of Texas' unanimous vote yesterday to adopt a draft order regarding CenterPoint Energy Houston Electric LLC's (BBB/negative/--) stranded cost true-up proceeding has no affect on the rating or outlook on CenterPoint Energy Inc. (BBB/negative/--) or its subsidiaries.

The draft order calls for CenterPoint Energy Houston Electric to recover about $2.012 billion of net stranded costs, plus about $289 million of interest, or a total of about $2.3 billion.

Based on the level of recovery, S&P said the company should be able to support the BBB rating.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.