CenterPoint's new credit facilities, totalling $4.6 billion, loosen a debt covenant whenever system restoration costs are reasonably likely to exceed $100 million in a consecutive twelve-month period. It is a covenant trigger rather than a cost. What it tells you is that a hundred million dollar storm is now written into the loan documents as something that happens. The identical language appears twice, once for CenterPoint and once for Houston Electric.

Source: CenterPoint Energy Form 8-K (2026-09-09)