Filed Pursuant to Rule 433
Registration Statement No. 33-153916-01
January 6, 2009
PRICING TERM SHEET
(to Preliminary Prospectus Supplement dated January 6, 2009)
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| Issuer: | | CenterPoint Energy Houston Electric, LLC |
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| Security: | | 7.00% General Mortgage Bonds, Series U, due 2014 |
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| Legal Format: | | SEC Registered |
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| Size: | | $500,000,000 |
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| Trade Date: | | January 6, 2009 |
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| Expected Settlement Date: | | January 9, 2009 |
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| Maturity Date: | | March 1, 2014 |
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| Coupon: | | 7.00% |
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| Interest Payment Dates: | | March 1 and September 1, commencing September 1, 2009 |
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| Price to Public: | | 99.978% |
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| Benchmark Treasury: | | 1.500% due December 31, 2013 |
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| Benchmark Treasury Yield: | | 1.714% |
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| Spread to Benchmark Treasury: | | +528.6 basis points |
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| Re-offer Yield: | | 7.00% |
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| Make-whole call: | | At any time at a discount rate of Treasury plus 50 basis points |
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| CUSIP: | | 15189X AJ7 |
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| Anticipated Ratings: | | Moody’s | | Baa2 |
| | | Standard & Poor’s | | BBB+ |
| | | Fitch | | BBB+ |
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| Joint Book-Running Managers: | | Credit Suisse Securities (USA) LLC |
| | | Scotia Capital (USA) Inc. |
| | | UBS Securities LLC |
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| Co-Managers: | | Comerica Securities, Inc. |
| | | HSBC Securities (USA) Inc. |
| | | Mitsubishi UFJ Securities International plc |
| | | RBC Capital Markets Corporation |
| | | SunTrust Robinson Humphrey, Inc. |
| | | Wells Fargo Securities, LLC |
Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Credit Suisse Securities (USA) LLC toll free at 800-221-1037, Scotia Capital (USA) Inc. toll free at 800-372-3930 or UBS Securities LLC toll free at 877-827-6444, ext. 561-3884.
