CENTERPOINT ENERGY INC
For the period ended Jun 30, 2024. Filed Jul 30, 2024.
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Jun 30, 2024 · Filed Jul 30, 2024
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(19) Leases(20) Subsequent Events
(20)Subsequent Events (CenterPoint Energy and Houston Electric)
Hurricane Beryl
On July 8, 2024, Hurricane Beryl made landfall in Texas, bringing sustained winds, storm surges and torrential rain into Houston Electric’s service territory. Hurricane Beryl caused significant damage to Houston Electric’s electric delivery system. Houston Electric currently estimates that total costs to restore the electric delivery facilities damaged as a result of Hurricane Beryl will be in the range of $1.2 billion to $1.3 billion based on currently available information. These preliminary estimates are subject to revision as certain restoration costs may continue through the end of 2024.
The ultimate recovery of costs relating to Hurricane Beryl is expected to be sought through the issuance and sale of non-recourse securitization bonds for distribution-related costs. However, neither the amount nor timing of the recovery is certain.
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