CenterPoint Energy(CNP) - 2024 Q4 - Annual Report

Floating Rate Obligations - CenterPoint Energy's floating rate obligations totaled $1.5 billion as of December 31, 2024, with an increase of 100 basis points potentially raising interest expenses by approximately $15 million annually [477]. - Houston Electric's floating rate obligations amounted to $500 million as of December 31, 2024, maturing on December 24, 2025 [478]. - CERC's floating rate obligations were $599 million as of December 31, 2024, with a potential increase in interest expenses of about $6 million annually if rates rise by 100 basis points [479]. Fixed Rate Debt - CenterPoint Energy's fixed-rate debt reached $19.7 billion as of December 31, 2024, with a fair value increase of approximately $792 million if interest rates decline by 10% [480]. - Houston Electric's fixed-rate debt was $8.4 billion as of December 31, 2024, with a potential fair value increase of about $398 million if interest rates decline by 10% [481]. - CERC's fixed-rate debt totaled $4.6 billion as of December 31, 2024, with a fair value increase of approximately $160 million if interest rates decline by 10% [482]. - CenterPoint Energy's ZENS obligation included a fixed-rate debt component of $2 million, with a fair value increase of less than $1 million if interest rates decline by 10% [484]. Equity Holdings - CenterPoint Energy holds 10.2 million shares of AT&T Common, with a potential net loss of less than $1 million if the market value decreases by 10% [485]. Commodity Price Risks - Commodity price risks are heightened during severe weather events, potentially increasing costs that may not be recoverable in rates [486]. - CenterPoint Energy's regulated operations in Indiana have limited exposure to commodity price risk due to state regulations allowing cost recovery through adjustment mechanisms [487].