CenterPoint Energy Restoration Bond Co III Issues $1.193B Series 2026-A Bonds

What Happened

• CenterPoint Energy Restoration Bond Company III, LLC announced on February 26, 2026 that it issued $1,193,474,000 aggregate principal amount of its Series 2026-A Senior Secured System Restoration Bonds under an Indenture dated February 26, 2026. The bonds were offered pursuant to the Prospectus dated February 18, 2026.
• On the same date the Issuing Entity’s Limited Liability Company Agreement was amended and restated (the A&R LLC Agreement); the A&R LLC Agreement was adopted by CenterPoint Energy Houston Electric, LLC, the Issuing Entity’s sole member.

Key Details

• Amount issued: $1,193,474,000 in Series 2026-A Senior Secured System Restoration Bonds.
• Governing documents: Indenture and Series Supplement dated February 26, 2026; bonds offered under the Prospectus dated February 18, 2026.
• Trustee and intermediary: U.S. Bank Trust Company, National Association (Indenture Trustee) and U.S. Bank National Association (securities intermediary).
• Corporate action: Issuing Entity’s LLC Agreement amended and restated on February 26, 2026 and adopted by CenterPoint Energy Houston Electric, LLC.

Why It Matters

• The filing documents a large, secured bond issuance that funds the Issuing Entity’s obligations under the Series 2026-A System Restoration Bonds; investors should note the size and secured nature of the offering.
• The amendment and restatement of the LLC Agreement is an organizational change adopted by the sole member and may clarify governance or operational terms tied to the bond issuance; the 8-K points to prior disclosures and the Prospectus for full details.