CenterPoint Energy Begins Exit of Midstream Following Energy Transfer's Completed Acquisition of Enable Midstream Partners
Upon the closing of the transaction, CenterPoint Energy (CenterPoint) received approximately 201 million Energy Transfer LP (ET) common units and $5 million in cash in exchange for its Enable Midstream Partners, LP (Enable) common units and general partner interest, respectively
In addition, CenterPoint exchanged approximately $363 million of Enable Series A Fixed to Floating Non-Cumulative Redeemable Perpetual Preferred units for approximately $385 million ET Series G Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred units
The closing of the transaction triggers the settlement of the previously announced contingent forward sale of 50 million ET common units, or approximately
