What changed in this filing

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Item 2. Properties

2025-02-20 compared with 2024-02-20 · 24 added, 26 removed, 78 unchanged (39% of the section changed)

8 unchanged sentences

All real and tangible properties of Houston Electric, subject to certain exclusions, are currently subject to the lien of the M&DOT and the lien of the General Mortgage, which is junior to the lien of the M&DOT.

No first mortgage bonds are outstanding under the M&DOT and Houston Electric is contractually obligated to not issue any additional first mortgage bonds under the M&DOT and is undertaking actions to release the lien of the M&DOT and terminate the M&DOT.

No first mortgage bonds are outstanding under the M&DOT and Houston Electric is contractually obligated to not issue any additional first mortgage bonds under the M&DOT.

Houston Electric is undertaking actions to release the lien of the M&DOT and terminate the M&DOT.

For information related to debt outstanding under the General Mortgage, see Note 12 to the consolidated financial statements.

12 unchanged sentences

Total 3,901 26 1,039 24

(in Circuit Miles)

Distribution lines 29,327 27,000 7,318 —

1 unchanged sentence

Generating Capacity.

In 2023, SIGECO completed the planned retirement of its A.B.

Brown Units 1 & 2.

As of December 31, 2024, Indiana Electric had 577 MW of installed generating capacity, as set forth in the following table:

1 unchanged sentence

Location Date in Service Capacity

Culley 2 Warrick County 1966 90

Culley 3 Warrick County 1973 270

4 Warrick County 1970 150

Culley 2 Warrick County, Indiana

Culley 3 Warrick County, Indiana

Total Coal Capacity 360

3 Posey County 1991 80

Brown 4 Posey County 2002 80

Renewable Landfill Gas Pike County 2009 3

3 Posey County, Indiana

Brown 4 Posey County, Indiana

Renewable Landfill Gas Pike County, Indiana

Total Gas Capacity 163

1 unchanged sentence

Volkman Evansville, Indiana 2018 2

Troy Spencer County 2021 50

Troy Spencer County, Indiana

Total Solar Capacity 54

Total Generating Capacity (2)

(1) SIGECO and AGC own a 300 MW unit at the Warrick Power Plant as tenants in common.

SIGECO exited joint operations of Warrick 4 on January 1, 2024.

(1) Brown Unit 3 is also equipped to burn oil.

3 unchanged sentences

In 2022, Indiana Electric received approval from the IURC for a CPCN seeking approval to construct two natural gas combustion turbines to replace portions of its existing coal-fired generation fleet.

The turbines are targeted to be operational by year end 2025.

The turbines are targeted to be operational by mid-year 2025.

For further information, see “Management’s Discussion and Analysis of Financial Condition and Results of Operations — Liquidity and Capital Resources — Regulatory Matters” in Item 7 of Part II of this report, which discussion is incorporated herein by reference.

Indiana Electric entered into an amended and restated BTA to build a 191 MW solar array in Posey County, Indiana.

Additionally, Indiana Electric entered into a BTA to acquire a 130 MW solar array in Pike County, Indiana through a special purpose entity for a capped purchase price.

Indiana Electric entered into an amended and restated BTA to build a 191 MW solar array in Posey County, Indiana, , and a BTA to acquire a 130 MW solar array in Pike County, Indiana through a special purpose entity for a capped purchase price;

however on March 15, 2024, Indiana Electric provided notice to the IURC that it was exercising its right to terminate this BTA.

For further information about Indiana Electric’s BTA’s, see “Management’s Discussion and Analysis of Financial Condition and Results of Operations — Liquidity and Capital Resources — Regulatory Matters” in Item 7 of Part II of this report, which discussion is incorporated herein by reference.

Mobile Generation.

Temporary Generation.

As allowed by a law enacted by the Texas legislature after the February 2021 Winter Storm Event and amended in 2023, Houston Electric is leasing TEEEF that can aid in restoring power to customers during certain significant power outages that are impacting its distribution system.

On December 19, 2024, Houston Electric announced a proposal to release certain of Houston Electric’s TEEEF to the San Antonio area prior to the summer of 2025 for a period of up to two years, during which Houston Electric would not receive revenue or profit from ERCOT and would not charge Houston-area customers for these TEEEF units.

As of December 31, 2024, Houston Electric leased 505 MW of TEEEF.

For more information, see Note 20 to the consolidated financial statements.

For more information, see Note 7 and Note 19 to the consolidated financial statements.

A substation is a facility that transforms electricity from a higher voltage to a lower voltage or vice versa.

Generally, this facility is the interface between the transmission system and the distribution grid.

As of December 31, 2023

The following table presents certain information related to CenterPoint Energy’s substations as of December 31, 2024:

Number of Substations Transformer Capacity (in Mva)

4 unchanged sentences

Service centers consist of office buildings, warehouses and repair facilities that are used in the business of transmitting and distributing electricity.

As of December 31, 2023

Number of Service Centers Acres of Land

The following table presents certain information related to CenterPoint Energy’s service centers as of December 31, 2024:

Service Centers

Acres of Land

Houston Electric 13 362

18 unchanged sentences

The table below reflects the approximate total linear miles of CenterPoint Energy’s and CERC’s Natural Gas distribution and transmission mains owned as of December 31, 2024:

CenterPoint Energy

CenterPoint Energy CERC

All Locations 85,000 82,000

84,000 81,000

Indiana and Ohio 22,000 19,000

22,000 19,000

CenterPoint Energy’s and CERC’s Natural Gas owned mains varying in size from one-half inch to 24 inches in diameter.

CenterPoint Energy’s and CERC’s Natural Gas Indiana and Ohio mains are located in Indiana and Ohio except for, in the case of CenterPoint Energy, pipeline facilities extending from points in northern Kentucky to points in southern Indiana so that gas may be transported to Indiana and sold or transported to customers in Indiana.

Generally, in each of the cities, towns and rural areas served by CenterPoint Energy’s and CERC’s Natural Gas, they own the underground gas mains and service lines, metering and regulating equipment located on customers’ premises and the district regulating equipment necessary for pressure maintenance.

With a few exceptions, the measuring stations at which CenterPoint Energy’s and CERC’s Natural Gas receives gas are owned, operated and maintained by others, and their distribution facilities begin at the outlet of the measuring equipment.

With a few exceptions, the measuring stations at which CenterPoint Energy’s and CERC’s Natural Gas receive gas are owned, operated and maintained by others, and their distribution facilities begin at the outlet of the measuring equipment.

These facilities, including odorizing equipment, are usually located on land owned by suppliers.

As of December 31, 2024, CenterPoint Energy and CERC, through CEIP, owned and operated over 219 miles of intrastate pipeline in Louisiana and Texas.

On February 19, 2024, CenterPoint Energy, through its subsidiary CERC Corp., entered into the LAMS Asset Purchase Agreement to sell its Louisiana and Mississippi natural gas LDC businesses, which include the intrastate pipelines owned by CEIP in Louisiana.

The transaction is expected to close in the first quarter of 2025.

For further information, see Note 4 to the consolidated financial statements.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 2. Properties