Exhibit 5.1
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| | 910 LOUISIANA HOUSTON, TEXAS 77002-4995 TEL +1 713.229.1234 FAX +1 713.229.1522 BakerBotts.com | | AUSTIN BRUSSELS DALLAS DUBAI HOUSTON LONDON | | NEW YORK PALO ALTO RIYADH SAN FRANCISCO SINGAPORE WASHINGTON |
October 31, 2024
CenterPoint Energy Houston Electric, LLC
1111 Louisiana Street
Houston, Texas 77002
Ladies and Gentlemen:
In connection with the issuance by CenterPoint Energy Houston Electric, LLC, a Texas limited liability company (the “Company”), of $500,000,000 aggregate principal amount of its 5.05% General Mortgage Bonds, Series AO, due 2035 (the “Bonds”), pursuant to (a) the Registration Statement on Form S-3 (Registration Statement Nos. 333-272025, 333-272025-01 and 333-272025-02) (the “Registration Statement”), which was filed by the Company, CenterPoint Energy, Inc. and CenterPoint Energy Resources Corp. with the Securities and Exchange Commission (the “Commission”) under the Securities Act of 1933, as amended (the “Act”), and (b) the related prospectus of the Company dated May 17, 2023, as supplemented by the prospectus supplement of the Company relating to the sale of the Bonds dated October 30, 2024 (as so supplemented, the “Prospectus”), as filed by the Company with the Commission pursuant to Rule 424(b) under the Act, certain legal matters with respect to the Bonds are being passed upon for you by us. At your request, this opinion letter is being furnished to you for filing as Exhibit 5.1 to the Company’s Current Report on Form 8-K to be filed with the Commission on the date hereof (the “Form 8-K”).
The Bonds are to be issued pursuant to the General Mortgage Indenture, dated as of October 10, 2002, between the Company and The Bank of New York Mellon Trust Company, National Association (successor to JPMorgan Chase Bank), as trustee (the “Trustee”), as amended by the Ninth Supplemental Indenture thereto, dated as of November 12, 2002, and the Twentieth Supplemental Indenture thereto, dated as of December 9, 2008 (as so amended, the “Base Indenture”), as further supplemented by the Thirty-Sixth Supplemental Indenture thereto, dated as of November 4, 2024 (the “Supplemental Indenture,” and, together with the Base Indenture, the “Indenture”), between the Company and the Trustee. The terms of the Bonds (including the form of Bonds) are to be established by an officer’s certificate pursuant to the Indenture (the “Officer’s Certificate”).
In our capacity as your counsel in the connection referred to above, we have examined originals, or copies certified or otherwise identified, of (i) the Articles of Conversion of Reliant Energy, Incorporated, the Restated Certificate of Formation of the Company and the Amended and Restated Limited Liability Company Agreement of the Company (each as amended to date, the “Organizational Documents”); (ii) the Underwriting Agreement, dated October 30, 2024 (the “Underwriting Agreement”), by and among the Company and the Underwriters named in Schedule I thereto (the “Underwriters”), relating to the issuance and sale of the Bonds; (iii) the Registration Statement and the Prospectus; (iv) the Base Indenture, the Supplemental Indenture and the form of the Officer’s Certificate as filed as exhibits to the Form 8-K; and (v) records of the Company, including certain resolutions of the sole manager of the Company, as furnished to us by you, certificates of