CenterPoint Energy Resources Corp. to Commence Exchange Offer for Any and All of Its $762 Million of 7.875 Percent Senior Notes Due 2013

CenterPoint Energy Resources Corp., an indirect, wholly-owned subsidiary of CenterPoint Energy, Inc. CNP, today announced that it intends to commence an offer to certain eligible holders to exchange $762 million principal amount of its 7.875 percent Senior Notes due 2013 for a combination of its senior notes due 2021 (New Notes) and cash, the complete terms and conditions of which will be set forth in a confidential offering memorandum dated January 4, 2011, and related letter of transmittal.