CenterPoint Energy, Inc. (NYSE:CNP) Q3 2023 Earnings Call Transcript

David Arcaro: Okay, great, thanks, that’s helpful. And maybe just on the floating rate debt that the $1.8 billion you still get out there, do you plan to continue to reduce that and term it out going forward, or is the level it’s at now the comfortable balance overall, as you think about capitalization?

Jason Wells: Sure, Dave. I think first of all. I got to give some credit to the team for working down even what we walked into this year was 27% floating rate debt as a percent of the total, we’re now at about 10%. So really good progress there. As we look at near-term financing, even looking into earlier next year, just as an example for what we think, you know, how we think this is manageable, we’re looking at roughly $700 million at CNP. And just to give you a feel for that, that component of our outstanding floating rate already sits at 5.8%. And so as you can imagine, given where things are right now, we think it’s pretty manageable, in fact, you know, we might be opportunistic in going after that relatively soon. So just give you an example of we’re looking here and have laid out kind of the next couple of years for you, in terms of what’s in front of us and think it’s manageable at this stage, even with the longer for higher kind of macro theme that’s going on right now.

Dave Lesar: Okay. Before we go off the call, I would just want to thank all of our shareholders and analysts that are on the call that have believed in me and our story, and just stick with us because the best is yet to come. Thank you.

Jackie Richert: Thank you, operator.

Operator: This concludes CenterPoint Energy’s third quarter earnings conference call. Thank you for your participation.