Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Nippon India Mutual Fund – Sponsored Content
    • Aditya Birla Sun Life AMC SIF Aims To Bridge The Gap Between Mutual Funds and PMS
    • Mutual Funds Turn Overweight On Pharma, Healthcare As Growth Visibility Improves | Markets News
    • Foreigners Bought C$46.73 Billion of Canadian Securities in January, Including Unprecedented Investment in Bonds
    • High-Potential Mutual Funds for High Returns
    • No intermittent circuits needed for gold, silver ETFs: Siddharth Srivastava | Market Interviews
    • Mutual fund losses? Here’s how to convert them into tax savings – Money News
    • Mixed bag for active fund managers of MFs
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Bonds»Bonds to cover storm costs? Sound familiar? It’s the intent of the Houston power company after a hurricane hit the city
    Bonds

    Bonds to cover storm costs? Sound familiar? It’s the intent of the Houston power company after a hurricane hit the city

    July 30, 2024


    Oil company mergers and acquisitions topped $30 billion in 2Q

     

    Already the target of investigations ordered by the Governor and regulators following the power debacle caused by Hurricane Beryl, CenterPoint Energy  Inc. now wants customers to cover the nearly $2 billion in storm costs. And guess how it will do it? With bonds—just like the controversial bonds in Oklahoma’s notorious Winter Storm Yuri.

    CenterPoint is the company that asked Oklahoma Gas and Electric for help in power restoration when an estimated 3 million customers lost electrical power. OG&E responded by sending 105 workers who spent nearly a week around Houston doing the restoration work.

    The company reportedly will send bonds to cover the estimated $1.8 billion in storm costs and yes, just like Oklahoma utilities that used bonds to cover 2021 winter storm costs, the CenterPoint customers will pay over an extended period of time. The utility estimates it will take 15 years to meet the bonds and their costs and it will also result in about a 2% increase in residential utility bills.

    The bond sale will also require approval of the Texas Railroad Commission.

    Click here for Bloomberg

     



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Foreigners Bought C$46.73 Billion of Canadian Securities in January, Including Unprecedented Investment in Bonds

    March 18, 2026

    Understanding Convertible Bond Valuation vs. Traditional Bonds

    March 15, 2026

    What Are Completion Bonds? Definition and Key Examples

    March 12, 2026
    Leave A Reply Cancel Reply

    Top Posts

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    Foreigners Bought C$46.73 Billion of Canadian Securities in January, Including Unprecedented Investment in Bonds

    March 18, 2026

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023
    Don't Miss
    Mutual Funds

    Nippon India Mutual Fund – Sponsored Content

    March 18, 2026

    Mutual fund investments offer benefits such as professional management, diversification, liquidity, transparency, and the potential…

    Aditya Birla Sun Life AMC SIF Aims To Bridge The Gap Between Mutual Funds and PMS

    March 18, 2026

    Mutual Funds Turn Overweight On Pharma, Healthcare As Growth Visibility Improves | Markets News

    March 18, 2026

    Foreigners Bought C$46.73 Billion of Canadian Securities in January, Including Unprecedented Investment in Bonds

    March 18, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Sip, Shop, and Savor Today at the Downtown St. Cloud Farmers Market from 9am to 1pm

    July 27, 2024

    Runnymede: £160m property investment has avoided cuts

    November 1, 2017

    The 10 best- and worst-performing passive ETFs of the past 3 years

    March 17, 2025
    Our Picks

    Nippon India Mutual Fund – Sponsored Content

    March 18, 2026

    Aditya Birla Sun Life AMC SIF Aims To Bridge The Gap Between Mutual Funds and PMS

    March 18, 2026

    Mutual Funds Turn Overweight On Pharma, Healthcare As Growth Visibility Improves | Markets News

    March 18, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹10,000 monthly SIP in this mutual fund has grown to ₹1.52 crore in 22 years

    September 17, 2025
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.