CenterPoint Energy today filed for approval of a financing order to issue low-cost securitization bonds to fund the $2.301 billion true-up balance authorized by Public Utility Commission of Texas on Nov. 23. The PUC has 90 days from this filing date in which to issue a financing order. The company expects to issue the securitization bonds in the first half of 2005.

The financing order will include a number of adjustments in addition to the approved $2.301 billion true-up balance, including adjustments for certain taxes, costs of securitization bond issuance and interest and other approved charges that have accrued since the end of August, the reference date for the true-up balance.

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