CenterPoint Energy Houston Electric plans to issue a $1.7 billion utility tariff securitization.

The deal will offer investors three Moody's Investors Service and Fitch Ratings  triple-A-rated tranches of notes offered under the deal's capital structure.

The bond issuance is permitted under the State of Texas legislation that authorizes utilities to recover certain qualified costs via securitization.  

The bonds are backed by transition property created by the state's legislation and an irrevocable financing order issued by the Public Utility Commission of Texas.

The securitization is expected to provide savings or economic benefits to consumers compared with other traditional financing methods.


 

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.