Hunton Andrews Kurth Advises on CenterPoint Energy, Inc.’s Inaugural At-the-Market Program (with a Forward Component) to Sell Up to $500 million of Common Stock

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January 10, 2024
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Hunton Andrews Kurth LLP acted as counsel to the managers, the forward sellers and the forward purchasers in connection with the establishment of CenterPoint Energy, Inc.’s (“CenterPoint”) at-the-market (“ATM”) program to sell shares of CenterPoint’s common stock having an aggregate gross sales price of up to $500 million from time to time through either the managers or the forward sellers, who will, at CenterPoint’s request, borrow shares of CenterPoint’s common stock from third parties. This was CenterPoint’s inaugural establishment of an ATM program with a forward component.

CenterPoint is a public utility holding company headquartered in Houston, Texas. CenterPoint, through its operating subsidiaries, owns and operates electric transmission, distribution and generation facilities and natural gas distribution facilities and provides energy services and other related activities.

The Hunton Andrews Kurth team included Peter K. O’Brien, Brendan P. Harney, Reuben H. Pearlman and Jingyi “Alice” Yao. Joseph B. Buonanno provided advice on the forward component. Robert McNamara, William Freeman and Caitlin Scipioni provided tax advice.

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