CenterPoint Energy said its wholly owned subsidiary Southern Indiana Gas and Electric Company (SIGECO) entered into a Bond Purchase Agreement with institutional investors in the private placement market on August 29, 2024 to sell First Mortgage Bonds, 100%.

1. 01

   CenterPoint Energy said its wholly owned subsidiary Southern Indiana Gas and Electric Company (SIGECO) entered into a Bond Purchase Agreement with institutional investors in the private placement market on August 29, 2024 to sell First Mortgage Bonds, 100%.

2. 02

   The company said SIGECO will sell $100,000,000 at 5.18% First Mortgage Bonds, Series 2024A, Tranche A, due 2034, and $60,000,000 at 5.28% First Mortgage Bonds, Series 2024A, Tranche B, due 2036, on August 29, 2024.

3. 03

   It said SIGECO will sell $165,000,000 at 5.69% Series 2025A First Mortgage Bonds due 2055 on January 31, 2025, or on an earlier date SIGECO selects upon at least 5 business days' advance notice.

4. 04

   The company said the bonds will rank equally with SIGECO's outstanding first mortgage bonds and be secured ratably by the same collateral, and that the proceeds will be used for repaying short-term debt, refinancing long-term debt, and funding capital expenditures such as the Posey solar project.

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