The Public Utility Commission of Texas is moving ahead with its search for an advisor for CenterPoint Energy's pending $1.8 billion stranded electricity cost bond offering, in spite of the fact that the financing order for the deal is under appeal. Early this month, the Commission posted a RFP seeking an advisor for the deal just days after the Texas Attorney General's Office filed to appeal the Commission's financing order giving Houston-based CenterPoint the green light to line up its advisor.

The bidding period for the deal ends April 15. Terry Hadley, spokesman for the Commission, declined to comment on whether any bids had been received, and said no information would be revealed until an adviser had been selected.

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