CenterPoint Energy Files 8-K on Material Agreement
Ticker: CNP · Form: 8-K · Filed: 2024-02-20T00:00:00.000Z
Sentiment: neutral
Topics: material-agreement, regulation-fd
Related Tickers: CNP
TL;DR
**CenterPoint Energy just filed an 8-K for a material definitive agreement, signaling a big move!**
AI Summary
CenterPoint Energy Inc. (CNP) and CenterPoint Energy Resources Corp. (CERC) filed an 8-K on February 20, 2024, regarding an entry into a material definitive agreement and Regulation FD disclosure. The filing indicates a significant corporate event, though specific financial details or the nature of the agreement are not explicitly detailed in the provided text. Both companies are based in Houston, TX, and operate in the electric services and natural gas transmission and distribution sectors, respectively.
Why It Matters
This filing signals a potentially significant corporate action for CenterPoint Energy, which could impact its operations, financial health, or strategic direction, affecting investors and customers.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement without specifying its nature, introducing uncertainty about its potential impact.
Key Players & Entities
- CENTERPOINT ENERGY INC (company) — Filer of 8-K
- CENTERPOINT ENERGY RESOURCES CORP (company) — Filer of 8-K
- February 20, 2024 (date) — Filing date
- Houston, TX (location) — Business address
- 001-31447 (other) — SEC File Number for CenterPoint Energy Inc.
FAQ
What is the primary purpose of this 8-K filing by CenterPoint Energy Inc.?
The primary purpose of this 8-K filing is to report the 'Entry into a Material Definitive Agreement' and 'Regulation FD Disclosure' as of February 19, 2024.
Which entities are involved in this 8-K filing?
The entities involved in this 8-K filing are CENTERPOINT ENERGY INC and CENTERPOINT ENERGY RESOURCES CORP.
What is the business address for CENTERPOINT ENERGY INC?
The business address for CENTERPOINT ENERGY INC is 1111 LOUISIANA ST., HOUSTON, TX 77002.
When was this 8-K filed?
This 8-K was filed on February 20, 2024, with a conformed period of report of February 19, 2024.
What are the Standard Industrial Classifications (SIC) for the filing companies?
CENTERPOINT ENERGY INC's SIC is ELECTRIC SERVICES [4911], and CENTERPOINT ENERGY RESOURCES CORP's SIC is NATURAL GAS TRANSMISSION & DISTRIBUTION [4923].
Filing Stats: 1,737 words · 7 min read · ~6 pages · Grade level 13.7 · Accepted 2024-02-20 06:31:03
Key Financial Figures
- $0.01 — enterPoint Energy, Inc. Common Stock, $0.01 par value CNP The New York Stock Ex
- $1.2 billion — The purchase price for the Business is $1.2 billion and subject to adjustment as set forth
Filing Documents
- d794478d8k.htm (8-K) — 48KB
- d794478dex11.htm (EX-1.1) — 529KB
- d794478dex991.htm (EX-99.1) — 28KB
- g794478g0220083002317.jpg (GRAPHIC) — 3KB
- 0001193125-24-039277.txt ( ) — 916KB
- cnp-20240219.xsd (EX-101.SCH) — 5KB
- cnp-20240219_cal.xml (EX-101.CAL) — 1KB
- cnp-20240219_def.xml (EX-101.DEF) — 15KB
- cnp-20240219_lab.xml (EX-101.LAB) — 20KB
- cnp-20240219_pre.xml (EX-101.PRE) — 16KB
- d794478d8k_htm.xml (XML) — 9KB
Forward-Looking Statements
Forward-Looking Statements This Current Report may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. All statements other than statements of historical fact included in this Current Report 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 Current Report, 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. The Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, except as required by securities and other applicable laws. Forward-looking statements include, but are not limited to, the timing of the closing of the Transaction and the Company's intended use of the proceeds of the Transaction. Each forward-looking statement contained in this Current Report speaks only as of the date of this report. Important factors that could cause actual results to differ materially from those indicated by the provided forward-looking information include risks and uncertainties relating to (1) the timing of the expiration or termination of the Hart-Scott-Rodino waiting period and the receipt of any consents, waivers or approvals required to be obtained pursuant to applicable antitrust laws, (2) the occurrence of any even
Financial Statements and Exhibits
Financial Statements and Exhibits. The exhibits listed below are filed herewith. (d) Exhibits. EXHIBIT NUMBER EXHIBIT DESCRIPTION 1.1 Asset Purchase Agreement, dated February 19, 2024, among the Seller and Delta Utilities No. LA, LLC, Delta Utilities S. LA, LLC, Delta Utilities MS, LLC, and Delta Shared Services Co., LLC.* 99.1 Press Release issued by the Company on February 20, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). * Schedules and exhibits have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Company will furnish the omitted schedules and exhibits to the Securities and Exchange Commission upon reques t. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CENTERPOINT ENERGY, INC. Date: February 20, 2024 By: /s/ Kristie L. Colvin Kristie L. Colvin Senior Vice President and Chief Accounting Officer SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CENTERPOINT ENERGY RESOURCES CORP. Date: February 20, 2024 By: /s/ Kristie L. Colvin Kristie L. Colvin Senior Vice President and Chief Accounting Officer