Vectren 6.1% notes due 2035 to be voluntarily delisted, deregistered

By Wendy Van Sickle

Columbus, Ohio, Feb. 1 – CenterPoint Energy Houston Electric, LLC said its wholly owned subsidiary Vectren Utility Holdings, Inc. has notified the New York Stock Exchange of the subsidiary’s intention to voluntarily delist its 6.1% senior notes due Dec. 1, 2035.

Vectren also plans to terminate the registration of the notes and the related guarantees, and its reporting obligations with respect to the notes and guarantees, under the Securities Exchange Act of 1934, according to a news release from CenterPoint.

The decision to withdraw the notes from listing on the NYSE and to terminate registration of the notes was based on the determination that, in light of CenterPoint Energy’s merger with Vectren Corp., the administrative costs and burdens associated with maintaining the listing and registration of the notes exceed the benefits given the small number of holders of the notes.

After the delisting and deregistration, the notes will remain outstanding and noteholders will continue to interact and receive their respective principal and interest payments through the trustee, U.S. Bank NA.

CenterPoint Energy is a Houston-based electricity transmitter and distributor.

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