CenterPoint Energy, Inc. $977.5 Million Depositary Shares Offering

Davis Polk acted as special product counsel to the representatives of the several underwriters in connection with the $977.5 million SEC-registered offering of 19,550,000 depositary shares (including 2,550,000 depositary shares issued pursuant to the exercise in full of the underwriters’ over-allotment option), each representing a 1/20th interest in a share of CenterPoint Energy, Inc.’s new 7.00% Series B mandatory convertible preferred stock.

Morgan Stanley, Goldman Sachs & Co. LLC, Citigroup, Wells Fargo Securities, Barclays, Credit Suisse, Deutsche Bank Securities and J.P. Morgan acted as Joint Book-Running Managers on the offering.

CenterPoint Energy, Inc., headquartered in Houston, Texas, is a domestic energy delivery company that includes electric transmission & distribution, natural gas distribution and energy services operations.

The Davis Polk corporate team included partners Mark M. Mendez (Picture) and Mark J. DiFiore, counsel Barry J. Gewolb and associates Caitlin L. Wood and Brent T. Duddie. The tax team included partner Michael Farber and associate Itay Peer.

Involved fees earner: Mark Mendez – Davis Polk & Wardwell; Mark DiFiore – Davis Polk & Wardwell; Barry Gewolb – Davis Polk & Wardwell; Caitlin Wood – Davis Polk & Wardwell; Brent Duddie – Davis Polk & Wardwell; Michael Farber – Davis Polk & Wardwell; Itay Peer – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Barclays Bank; Citigroup Inc.; Credit Suisse; Deutsche Bank Securities; Goldman, Sachs & Co.; JP Morgan; Morgan Stanley; Wells Fargo Securities;

Author: Ambrogio Visconti