Form 11-K
Table of Contents

 

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 11-K

 

 

(Mark One)

x ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Fiscal Year Ended December 31, 2012

OR

 

¨ TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED]

For the transition period from                    to                    

Commission file number 1-31447

 

 

 

A. Full title of the plan and address of the plan, if different from that of the issuer named below:

CenterPoint Energy Savings Plan

 

B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:

CenterPoint Energy, Inc.

1111 Louisiana Street

Houston, Texas 77002

 

 

 


Table of Contents

CENTERPOINT ENERGY SAVINGS PLAN

TABLE OF CONTENTS

 

Report of Independent Registered Public Accounting Firm

     Page 1   

Financial Statements:

  

Statements of Net Assets Available for Benefits, December 31, 2012 and 2011

     Page 2   

Statement of Changes in Net Assets Available for Benefits for the Year Ended December 31, 2012

     Page 3   

Notes to Financial Statements

     Page 4   

Supplemental Schedule:

  

Schedule H, Line 4i-Schedule of Assets (Held at End of Year) December 31, 2012

     Page 16   

Signature

     Page 22   

Consent of Independent Registered Public Accounting Firm (Exhibit 23)

     Page 23   

Other supplemental schedules required by Section 2520.103-10 of the Department of Labor Rules and Regulations for Reporting and Disclosure under ERISA have been omitted because they are not applicable.


Table of Contents

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Participants and Plan Administrator of the CenterPoint Energy Savings Plan:

We have audited the accompanying statements of net assets available for benefits of the CenterPoint Energy Savings Plan (Plan) as of December 31, 2012 and 2011, and the related statement of changes in net assets available for benefits for the year ended December 31, 2012. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2012 and 2011, and the changes in net assets available for benefits for the year ended December 31, 2012 in conformity with accounting principles generally accepted in the United States of America.

Our audits were conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedule of assets (held at end of year) is presented for the purpose of additional analysis and is not a required part of the basic financial statements, but is supplementary information required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The supplemental schedule is the responsibility of the Plan’s management. The supplemental schedule has been subjected to the auditing procedures applied in our audit of the basic financial statements and, in our opinion, is fairly stated in all material respects in relation to the basic financial statements taken as a whole.

/s/ McConnell & Jones LLP

Houston, Texas

June 14, 2013

 

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CENTERPOINT ENERGY SAVINGS PLAN

STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS

 

     December 31,  
     2012     2011  

ASSETS

    

Investments, at fair value (see Note 3)

   $ 1,710,540,219      $ 1,581,059,274   

Receivables:

    

Notes receivable from participants

     40,040,033        41,234,734   

Dividends and interest

     368,843        803,549   

Participant contributions

     34,041        1,060,896   

Employer contributions

     —          712,856   

Pending investment transactions

     64,200        3,646,702   
  

 

 

   

 

 

 

Total receivables

     40,507,117        47,458,737   
  

 

 

   

 

 

 

Total Assets

     1,751,047,336        1,628,518,011   
  

 

 

   

 

 

 

LIABILITIES

    

Pending investment transactions

     69,337        427,347   

Other

     615,430        355,595   
  

 

 

   

 

 

 

Total Liabilities

     684,767        782,942   
  

 

 

   

 

 

 

NET ASSETS AVAILABLE FOR BENEFITS AT FAIR VALUE

     1,750,362,569        1,627,735,069   

Adjustment from fair value to contract value for fully benefit-responsive investment contracts

     (6,119,652     (4,118,283
  

 

 

   

 

 

 

NET ASSETS AVAILABLE FOR BENEFITS

   $ 1,744,242,917      $ 1,623,616,786   
  

 

 

   

 

 

 

See accompanying Notes to Financial Statements.

 

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CENTERPOINT ENERGY SAVINGS PLAN

STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS

FOR THE YEAR ENDED DECEMBER 31, 2012

 

Investment Income:

  

Net appreciation in fair value of investments (see Note 5)

   $ 104,079,057   

Dividends and interest

     32,723,049   
  

 

 

 

Total Investment Income

     136,802,106   
  

 

 

 

Interest on notes receivable from participants

     1,703,192   

Contributions:

  

Participant

     53,371,775   

Employer

     36,058,837   

Rollover

     3,227,712   
  

 

 

 

Total Contributions

     92,658,324   
  

 

 

 

Expenses:

  

Benefit payments

     106,862,003   

Administrative expenses

     3,675,488   
  

 

 

 

Total Expenses

     110,537,491   
  

 

 

 

INCREASE IN NET ASSETS AVAILABLE FOR BENEFITS

     120,626,131   

NET ASSETS AVAILABLE FOR BENEFITS:

  

BEGINNING OF YEAR

     1,623,616,786   
  

 

 

 

END OF YEAR

   $ 1,744,242,917   
  

 

 

 

See accompanying Notes to Financial Statements.

 

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CENTERPOINT ENERGY SAVINGS PLAN

Notes to Financial Statements

December 31, 2012 and 2011

 

1. Description of the Plan

The following description of the CenterPoint Energy Savings Plan (Plan) provides only general information. Participants (as defined below) should refer to the Plan document for a more complete description of the Plan’s provisions. In the case of any discrepancy between this summary and the Plan document, the Plan document will govern.

 

  (a) General

The Plan is a defined contribution plan established in accordance with Sections 401(a) and 401(k) of the Internal Revenue Code of 1986, as amended (IRC) and is subject to the provisions of the Employee Retirement Income Security Act of 1974 (ERISA). Effective January 1, 2009, the Plan is a “safe harbor” 401(k) plan under the IRC, which means it is deemed to satisfy certain deferral and contribution testing requirements.

Participants include all employees of CenterPoint Energy, Inc. (Company or CenterPoint Energy) and those subsidiaries and affiliates of the Company that have adopted the Plan except (a) employees covered by a collective bargaining agreement unless such agreement provides for participation in the Plan, (b) leased employees, (c) independent contractors or (d) non-resident aliens who receive no United States sourced income (Participants).

 

  (b) Contributions

Participants may contribute, on a pre-tax and after-tax basis, up to 50% and 16% of eligible compensation, respectively, not to exceed the Internal Revenue Service (IRS) compensation limit as defined in the Plan. Active Participants age 50 or over may contribute an additional pre-tax contribution not to exceed the IRS limit ($5,500 for 2012); however, the Company generally does not provide the match on such “catch-up” contributions, unless a matching contribution is required to meet the safe harbor plan provisions under the IRC. Participants may also contribute amounts representing rollover eligible distributions from other defined benefit or defined contribution plans, IRC Section 403(b) annuity plans, IRC Section 457 governmental plans or conduit Individual Retirement Accounts that have been holding a distribution from a qualified plan. Participants direct their contributions into the various eligible investment options offered by the Plan.

All new employees are automatically enrolled in the Plan to make pre-tax contributions. An employee who has been automatically enrolled is deemed to have elected to defer pre-tax contributions (Automatic Contribution). The initial pre-tax contribution is three percent of the employee’s eligible compensation on a payroll-period basis. The contribution percentage is increased by an increment of one percent on April 1 in each of the following years until it reaches six percent of compensation on a payroll-period basis.

A notice is provided to all employees who have been automatically enrolled in the Plan (Automatic Enrollment Notice). In general, an employee has 30 days after receiving the Automatic Enrollment Notice to elect not to make any pre-tax contributions or choose a different contribution percentage.

Contributions, including all related employer matching contributions, made under the Automatic Contribution provision of the Plan are invested in the default investment fund as defined in the Plan. Employees may elect to change the Automatic Contribution percentage and/or direct the contributions to any of the investment options offered under the Plan at any time after the commencement of the Automatic Contribution. The Company matches 100% of the first six percent of eligible compensation.

Participants may elect to invest all or a portion of their contributions to the Plan in the Company Common Stock Fund. In addition, Participants may elect to have dividends paid on their investment in the Company Common Stock Fund either reinvested in the Company Common Stock Fund or paid to them in cash, and they can transfer all or part of their investment in the Company Common Stock Fund to the other investment options offered by the Plan. Employer contributions are made in the form of cash and are invested in accordance with Participant elections.

Contributions are subject to certain limitations as set forth under the IRC or the limits set forth in the Plan document.

 

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CENTERPOINT ENERGY SAVINGS PLAN

Notes to Financial Statements

December 31, 2012 and 2011

 

 

  (c) Investment Options

The Plan offered the following investment funds (Funds) as of December 31, 2012:

 

   

Balanced Fund

 

   

Company Common Stock Fund

 

   

Fixed Income Fund

 

   

International Equity Fund

 

   

Large Company Growth Fund

 

   

Large Company Value Fund

 

   

S&P 500 Index Fund

 

   

Small Company Fund

 

   

Stable Value Fund

 

   

Vanguard Target Retirement Income Fund

 

   

Vanguard Target Retirement 2010 Fund

 

   

Vanguard Target Retirement 2015 Fund

 

   

Vanguard Target Retirement 2020 Fund

 

   

Vanguard Target Retirement 2025 Fund

 

   

Vanguard Target Retirement 2030 Fund

 

   

Vanguard Target Retirement 2035 Fund

 

   

Vanguard Target Retirement 2040 Fund

 

   

Vanguard Target Retirement 2045 Fund

 

   

Vanguard Target Retirement 2050 Fund

 

   

Vanguard Target Retirement 2055 Fund

Upon enrollment in the Plan, Participants may direct contributions, in one percent increments, in any of the investment options. Participants should refer to the Plan prospectus for a detailed description of each Fund.

 

  (d) Participant Accounts

Individual accounts are maintained for each Participant. Each Participant’s account is credited with the Participant’s contributions and with allocations of the Company contributions and Plan earnings. Each Participant’s account is also charged with an allocation of administrative expenses. Allocations are based on Participant account balances. A Participant is entitled to their vested account balance.

 

  (e) Vesting and Forfeitures

Participants are immediately fully vested in all contributions and actual earnings thereon. As a result, there are no forfeitures.

 

  (f) Notes Receivable From Participants

A Participant may borrow against their vested account balance. The maximum amount that a Participant may borrow is the lesser of (a) $50,000, reduced by the excess, if any, of the highest outstanding balance of loans to the Participant from all plans maintained by the Company or an affiliated entity during the one-year period ending on the day before the date on which such loan is made, over the outstanding balance of loans from the Plan on the date on which such loan is made or (b) 50% of the value of the Participant’s vested account balance under the Plan.

 

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CENTERPOINT ENERGY SAVINGS PLAN

Notes to Financial Statements

December 31, 2012 and 2011

 

The loans are secured by the pledge of a portion of the Participant’s right, title and value of the Participant’s vested account balance under the Plan as determined immediately after the loans are made. The minimum loan amount is $500. Loans may be repaid over a period of up to five years and are subject to a $50 origination fee. Interest rates are fixed at the prime rate listed in The Wall Street Journal for the first of each month in which the loan is requested plus one percent. Loan transactions are treated as a transfer to (from) the investment fund from (to) notes receivable from participants.

 

  (g) Payment of Benefits

Upon termination of employment, a Participant whose account exceeds $1,000 may elect, upon written request at any time, to receive a distribution in a single lump-sum payment or fixed monthly, quarterly, semi-annual or annual installments over a period of ten years or less. Such distributions are generally paid in the form of cash; however, if the Participant has investments in the Company Common Stock Fund, the Participant may elect an in-kind distribution of the Participant’s account balance in the Company Common Stock Fund.

Generally, to the extent a Participant has not requested a distribution by the time he or she reaches age 70 1/2, required minimum distributions will be made consistent with the terms and conditions of the Plan and the requirements of the IRC. Immediate lump-sum distributions are made for accounts which do not exceed $1,000.

A Participant who is under age 59 1/2 may make a withdrawal from amounts attributable to after-tax contributions and, if applicable, rollover contributions in the Plan and associated earnings. If a Participant who is under age 59 1/2 and has less than five years of service withdraws matched after-tax contributions, the Participant will be suspended from Plan participation for six months. A Participant who is age 59 1/2 or older may make unlimited withdrawals from pre-tax contributions, after-tax contributions, vested portion of prior Plan accounts, rollover account and any associated earnings.

Effective April 29, 2011, the Plan was amended to allow active participants under age 59 1/2 to apply for a “hardship” withdrawal from amounts attributable to the pre-tax contributions (not including any earnings and gains thereon) in accordance with Plan provisions. Participants are not permitted to make any pre-tax or after-tax contributions for a period of six months immediately following a hardship withdrawal.

 

  (h) Administration

The assets of the Plan are held in trust by The Northern Trust Company (Trustee). Aon Hewitt is the recordkeeper for the Plan. The Benefits Committee of CenterPoint Energy, Inc. (Committee), appointed by the Board of Directors of the Company, is the Plan Administrator (Plan Administrator). The Committee retains an independent investment consultant to provide investment advice with respect to the Funds other than the Company Common Stock Fund.

 

  (i) Termination of the Plan

Although it has not expressed any intent to do so, the Company may terminate the Plan at any time subject to the provisions of ERISA and must give written notice to the Trustee.

 

2. Summary of Accounting Policies

 

  (a) Basis of Accounting and Use of Estimates

The financial statements of the Plan are prepared on the accrual basis of accounting in conformity with accounting principles generally accepted in the United States of America, referred to as GAAP. The preparation of the Plan financial statements in conformity with GAAP requires the Plan administrator to make estimates and assumptions that affect the reported amounts of net assets available for benefits at the date of the financial statements and the changes in net assets available for benefits during the reporting period and, when applicable, disclosures of contingent assets and liabilities at the date of the financial statements. Actual results could differ from those estimates.

 

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CENTERPOINT ENERGY SAVINGS PLAN

Notes to Financial Statements

December 31, 2012 and 2011

 

 

  (b) New Accounting Standards

In May 2011, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2011-04, Fair Value Measurement (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRS. This ASU requires entities, for Level 3 fair value measurements, to disclose quantitative information about unobservable inputs, a description of the valuation processes, and a qualitative discussion about the sensitivities of the measurements. The guidance is effective for interim and annual periods beginning after December 15, 2011. The adoption of the new accounting guidance did not have any effect on the changes in net assets or the financial position of the Plan.

 

  (c) Investment Valuation and Income Recognition

The investments in all Funds of the Plan are reported at fair value. Fair value is the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Investments are reflected at fair value in the financial statements, except for fully benefit-responsive investment contracts which are stated at contract value. Security transactions are recorded as of the trade date. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date.

Investment contracts held by a defined contribution plan are required to be reported at fair value; however, contract value is the relevant measurement attributed for that portion of the net assets available for benefits, because it represents the amount Participants would receive if they were to initiate permitted transactions under the terms of the Plan. The Statement of Net Assets Available for Benefits presents the fair value of the investment contracts, as well as the adjustment of the fully benefit-responsive contracts from fair value to contract value. The Statement of Changes in Net Assets Available for Benefits is prepared on a contract-value basis.

 

  (d) Notes Receivable From Participants

Notes receivable from participants are measured at their unpaid principal balance plus any accrued but unpaid interest. Delinquent participant notes are reclassified as distributions based upon the terms of the Plan. Interest income on notes receivable from participants is recorded when it is earned.

 

  (e) Payment of Benefits

Benefits are recorded when paid.

 

  (f) Plan Expenses

Direct Plan expenses such as trustee, recordkeeping, auditing and investment management fees and certain general administrative expenses are paid from the Plan assets. These expenses are shown as a separate component in the Statement of Changes in Net Assets Available for Plan Benefits. Plan expenses other than the aforementioned items are included as a component of investment gains and losses and reported on Schedule C of Form 5500 as indirect compensation.

 

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CENTERPOINT ENERGY SAVINGS PLAN

Notes to Financial Statements

December 31, 2012 and 2011

 

 

3. Fair Value Measurements

FASB Accounting Standards Codification (ASC) 820, Fair Value Measurements and Disclosures establishes a framework for measuring fair value as it relates to financial assets and liabilities and to non-financial assets and liabilities measured at fair value on a recurring basis. That framework provides a three-level valuation hierarchy based upon observable and unobservable inputs, with preference given to observable inputs. The three levels of the fair value hierarchy under FASB ASC 820 are described below:

 

Level 1

   Inputs are unadjusted quoted prices in active markets for identical assets or liabilities;

Level 2

   Inputs, other than quoted prices included in Level 1, are observable either directly or indirectly. Level 2 inputs include quoted prices for similar instruments in active markets, and inputs other than quoted prices that are observable for the assets or liabilities; and

Level 3

   Inputs are unobservable for the asset or liability, and include situations where there is little, if any, market activity for the asset or liability. Unobservable inputs reflect the Plan’s judgments about the assumptions market participants would use in pricing the asset or liability since limited market data exists. Unobservable inputs are based on the best information available in the circumstances, which might include the Plan’s own data.

Following is a description of the valuation methodologies used for assets measured at fair value. There have been no changes in the methodologies used at December 31, 2012 and 2011:

 

Common stocks

   Valued at the closing price reported on the active market in which the individual securities are traded.

Mutual funds

   Valued at the net asset value of shares held by the Plan. The share value is based on the market quoted price at the end of the day.

Common or collective

trust funds

   Valued at the net asset value of units held by the Plan, and generally, include the use of significant observable inputs in determining the unit value.

Guaranteed investment

contracts

   Valued at fair value by discounting the related future payments based on current yields of similar instruments with comparable duration considering the credit worthiness of the issuer.

The methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Plan believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.

 

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CENTERPOINT ENERGY SAVINGS PLAN

Notes to Financial Statements

December 31, 2012 and 2011

 

The following tables set forth by level, within the fair value hierarchy, the Plan’s assets at fair value as of December 31, 2012 and 2011:

 

     Assets at Fair Value as of December 31, 2012  
     Level 1      Level 2      Level 3      Total  

Mutual funds

           

Fixed Income Fund

   $ 194,760,887       $ —         $ —         $ 194,760,887   

Large Company Growth Fund

     53,885,919         —           —           53,885,919   

Large Company Value Fund

     48,582,296         —           —           48,582,296   

International Equity Fund

     27,671,632         —           —           27,671,632   

Balanced Fund

     27,571,845         —           —           27,571,845   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total mutual funds

     352,472,579         —           —           352,472,579   

Common or collective trust funds

           

Stable Value Fund

     —           254,470,195         —           254,470,195   

Target Date Retirement Funds

     —           246,461,937         —           246,461,937   

S&P 500 Index Fund

     —           157,115,078         —           157,115,078   

Fixed Income Fund

     —           68,663,545         —           68,663,545   

Balanced Fund

     —           58,271,656         —           58,271,656   

Large Company Growth Fund

     —           52,256,214         —           52,256,214   

International Equity Fund

     —           43,964,325         —           43,964,325   

Large Company Value Fund

     —           43,296,043         —           43,296,043   

Small Company Fund

     —           18,840,767         —           18,840,767   

Company Common Stock Fund

     —           4,730,086         —           4,730,086   

Short Term Investment Fund

     —           3,387,877         —           3,387,877   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total common or collective trust funds

     —           951,457,723         —           951,457,723   

Common stocks

           

Company Common Stock Fund

     375,262,002         —           —           375,262,002   

Small Company Fund

     18,688,001         —           —           18,688,001   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total common stocks

     393,950,003         —           —           393,950,003   

Other

           

Stable Value Fund (1)

     —           —           12,659,914         12,659,914   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total other

     —           —           12,659,914         12,659,914   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total assets at fair value

   $ 746,422,582       $ 951,457,723       $ 12,659,914       $ 1,710,540,219   
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(1) Represents the guaranteed investment contracts held by the Stable Value Fund.

 

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CENTERPOINT ENERGY SAVINGS PLAN

Notes to Financial Statements

December 31, 2012 and 2011

 

 

     Assets at Fair Value as of December 31, 2011  
     Level 1      Level 2      Level 3      Total  

Mutual funds

           

Fixed Income Fund

   $ 156,972,730       $ —         $ —         $ 156,972,730   

Large Company Growth Fund

     45,839,379         —           —           45,839,379   

Large Company Value Fund

     40,380,644         —           —           40,380,644   

International Equity Fund

     23,342,164         —           —           23,342,164   

Balanced Fund

     24,966,484         —           —           24,966,484   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total mutual funds

     291,501,401         —           —           291,501,401   

Common or collective trust funds

           

Stable Value Fund

     —           269,009,232         —           269,009,232   

Target Date Retirement Funds

     —           191,755,204         —           191,755,204   

S&P 500 Index Fund

     —           139,834,280         —           139,834,280   

Fixed Income Fund

     —           63,405,820         —           63,405,820   

Balanced Fund

     —           51,664,320         —           51,664,320   

Large Company Growth Fund

     —           46,648,445         —           46,648,445   

International Equity Fund

     —           39,215,111         —           39,215,111   

Large Company Value Fund

     —           41,038,695         —           41,038,695   

Small Company Fund

     —           15,237,847         —           15,237,847   

Company Common Stock Fund

     —           3,616,772         —           3,616,772   

Short Term Investment Fund

     —           908,669         —           908,669   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total common or collective trust funds

     —           862,334,395         —           862,334,395   

Common stocks

           

Company Common Stock Fund

     396,418,512         —           —           396,418,512   

Small Company Fund

     17,821,073         —           —           17,821,073   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total common stocks

     414,239,585         —           —           414,239,585   

Other

           

Stable Value Fund (1)

     —           —           12,983,893         12,983,893   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total other

     —           —           12,983,893         12,983,893   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total assets at fair value

   $ 705,740,986       $ 862,334,395       $ 12,983,893       $ 1,581,059,274   
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(1) Represents the guaranteed investment contracts held by the Stable Value Fund.

 

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CENTERPOINT ENERGY SAVINGS PLAN

Notes to Financial Statements

December 31, 2012 and 2011

 

The following table sets forth a summary of changes in the fair value of the Plan’s level 3 assets for the years ended December 31, 2012 and 2011:

 

     December 31,  
     2012     2011  
     Guaranteed investment contract  

Balance, beginning of year

   $  12,983,893      $  12,754,398   

Unrealized gains/(losses) related to instruments Still held at the reporting date

     (323,979     229,495   
  

 

 

   

 

 

 

Balance, end of year

   $ 12,659,914      $ 12,983,893   
  

 

 

   

 

 

 

The amount of total gains or losses for the period attributable to the changes in unrealized gains or losses relating to assets still held at the reporting period

   $ (323,979   $ 229,495   
  

 

 

   

 

 

 

Unrealized gains/(losses) from the guaranteed investment contract are not included in the statement of changes in net assets available for benefits as the contract is recorded at contract value for purposes of the net assets available for benefits.

Quantitative Information about Significant Unobservable Inputs Used in Level 3 Fair Value Measurements

The following table represents the Plan’s level 3 financial instruments, the valuation techniques used to measure the fair value of those financial instruments, and the significant unobservable inputs and the ranges of values for those inputs.

 

Instrument

   Fair Value    Principal
Valuation
Technique
   Unobservable
Inputs
   Range of
Significant Input

Values
    Weighted
Average
 

Guaranteed investment contract

   $12,659,914    Discounted Cash Flow    Swap Yield Rates

Duration

Payout Date

Payout Percentage

    

 

 

 

0.89

0.79

10/15/2013

100


  

  

    0.89

 

11


Table of Contents

CENTERPOINT ENERGY SAVINGS PLAN

Notes to Financial Statements

December 31, 2012 and 2011

 

 

4. Fair Value of Investments in Entities that Use Net Asset Value

The following tables set forth a summary of the Plan’s investments with a reported Net Asset Value (NAV) as of December 31, 2012 and 2011:

 

     Fair Value Estimated Using Net Asset Value per Share
December 31, 2012
 
     Fair Value      Unfunded
Commitment
     Redemption
Frequency
     Redemption
Notice
Period
 

Northern Trust Collective Short Term Investment Fund(1)

   $ 29,733,296       $  —           Daily         Same Day   

BlackRock Equity Index Fund(2)

     189,479,075         —           Daily         (12 ) 

BlackRock Russell 1000 Growth Index Fund(3)

     52,256,214         —           Daily         (12 ) 

BlackRock Russell 1000 Value Index Fund(4)

     43,296,042         —           Daily         (12 ) 

BlackRock Russell 2000 Index Fund(5)

     18,337,597         —           Daily         (12 ) 

BlackRock MSCI ACWI Ex-US Fund(6)

     16,755,489         —           Daily         (12 ) 

Dwight Various Funds(7)

     207,645,855         —           Daily         (13 ) 

Loomis Sayles Int. Gov’t/Credit Fund(7)

     9,985,230         —           Daily         (14 ) 

Mellon EB Daily Liquidity Aggregate Bond Index Fund(8)

     68,663,545         —           Daily         (15 ) 

Prudential Core Conservative Intermediate Bond Fund(7)

     15,726,948         —           Daily         (16 ) 

Thornburg International Equity Fund(9)

     39,005,147         —           Daily         (17 ) 

Vanguard Target Date Retirement Funds(10)

     246,461,937         —           Daily         (18 ) 

Wellington Small Cap Opportunities Portfolio(11)

     14,111,348         —           Daily         (19 ) 

 

     Fair Value Estimated Using Net Asset Value per Share
December 31, 2011
 
     Fair Value      Unfunded
Commitment
     Redemption
Frequency
     Redemption
Notice
Period
 

Northern Trust Collective Short Term Investment Fund(1)

   $ 36,426,329       $  —           Daily         Same Day   

BlackRock Equity Index Fund(2)

     169,101,992         —           Daily         (12 ) 

BlackRock Russell 1000 Growth Index Fund(3)

     46,648,446         —           Daily         (12 ) 

BlackRock Russell 1000 Value Index Fund(4)

     41,038,695         —           Daily         (12 ) 

BlackRock Russell 2000 Index Fund(5)

     14,653,809         —           Daily         (12 ) 

BlackRock MSCI ACWI Ex-US Fund(6)

     1 5,824,616         —           Daily         (12 ) 

Dwight Various Term Funds(7)

     214,360,711         —           Daily         (13 ) 

Mellon EB Daily Liquidity Aggregate Bond Index Fund(8)

     63,405,820         —           Daily         (15 ) 

Prudential Core Conservative Intermediate Bond Fund(7)

     20,138,347         —           Daily         (16 ) 

SEI Stable Asset Fund(7)

     3,193,323         —           Daily         (20 ) 

Thornburg International Equity Fund(9)

     33,531,377         —           Daily         (17 ) 

Vanguard Target Date Retirement Funds(10)

     191,755,203         —           Daily         (18 ) 

Wellington Small Cap Opportunities Portfolio(11)

     12,255,727         —           Daily         (19 ) 

 

(1) 

The fund is composed of high-grade money market instruments with short maturities. The objective is to provide an investment vehicle for cash reserves while offering a competitive rate of return. The fund uses high quality securities with the emphasis on providing liquidity for redemption of units on any business day while preserving the principal. Within quality, maturity and sector diversification guidelines, investments are made in those securities with the most attractive yields.

 

12


Table of Contents

CENTERPOINT ENERGY SAVINGS PLAN

Notes to Financial Statements

December 31, 2012 and 2011

 

(2)

This fund seeks to match the performance of the S&P 500 Index by investing in stocks that make up the index. The S&P 500 Index is an unmanaged, market-weighted index that consists of the 500 largest publicly traded companies and is considered representative of the broad U.S. stock market.

(3)

The investment objective is to track the performance of the Russell 1000 Growth Index by investing in a diversified sample of stocks that make up the index which is comprised of the large-cap growth segment of the U.S. equities with higher price-to-book value ratios and higher forecasted growth values.

(4)

The investment objective is to track the performance of the Russell 1000 Value Index by investing in a diversified sample of stocks that make up the index which is comprised of the large-cap value segment of the U.S. equities with lower price-to-book value ratios and lower forecasted growth values.

(5)

The investment objective is to track the performance of the Russell 2000 Index by investing in a diversified sample of stocks that make up the index which is comprised of the 2000 smallest companies in the Russell 3000 Index.

(6)

The investment objective is to track the performance of the Morgan Stanley Capital International All Country World Ex-U.S. Index (“MSCI ACWI Ex-US”) by investing in a diversified sample of stocks that make up the index which is comprised of stocks representing approximately 44 country stock markets, excluding the U.S. market while including Canada and the emerging markets.

(7)

These are the short to mid-term fixed income investments of the Stable Value Fund with preservation of principal as the primary investment objective (see Note 5 for information on the Stable Value Fund).

(8)

The investment objective is to track the performance of the Barclays Capital U.S. Aggregate Bond Index by investing in a representative portfolio that matches the industry allocation, quality and duration of such index.

(9)

The investment objective is to seek long-term capital appreciation by investing in a diversified portfolio of international equities that is benchmarked against the Morgan Stanley Capital International Europe, Australasia, and Far East Index.

(10)

These funds invest in funds with a mix of common stocks and fixed income securities using an asset allocation strategy that will become more conservative over time.

(11)

The investment objective is to seek long-term (more than five years) total return in excess of the Russell 2000 Index by focusing on stock selection through bottom-up analysis.

(12) 

A redemption resulting from the aggregate daily activities of Participants generally requires same-day notice. A redemption initiated by the plan sponsor requires up to three business days’ notice, depending on the applicable fund. Redemption is generally settled in cash on the business day following the redemption date but may be settled in kind three business days following the redemption date.

(13) 

Dwight Asset Management Company LLC must provide at least five business days’ notice of redemption. Redemption is generally settled within thirty days of the redemption date and may be settled in kind.

(14)

Dwight Asset Management Company LLC must provide at least one business day notice of redemption. Redemption is generally settled on the redemption date.

(15)

Same-day notice is generally permitted for a redemption resulting from the aggregate daily activities of Participants and a redemption initiated by the Committee. Redemption is generally settled on the business day following the redemption date and may be settled in kind.

(16)

Dwight Asset Management Company LLC must provide at least five business days’ notice of redemption. Redemption is settled within ten business days of the redemption date and may be settled in kind.

(17)

The plan sponsor must provide at least five business days’ notice of redemption. Redemption is generally settled within ten business days of the redemption date and may be settled in kind. Redemption may be limited to a maximum of the greater of $2,000,000 or five percent of the value of the assets in the Thornburg International Equity Fund.

(18)

Redemption resulting from the aggregate daily activities of Participants generally requires same-day notice and settles on the business day following the redemption date. Redemption initiated by the plan sponsor generally requires same-day notice and settles as soon as practicable and may be settled in kind.

 

13


Table of Contents

CENTERPOINT ENERGY SAVINGS PLAN

Notes to Financial Statements

December 31, 2012 and 2011

 

(19) 

The plan sponsor must provide at least ten business days’ notice of redemption. A longer notice period may be required. Redemption is settled within a reasonable time following the redemption date and may be settled in kind.

(20) 

Dwight Asset Management Company LLC was required to provide at least one year notice of redemption. Redemption would have been settled on the redemption date and could have been settled in kind.

 

5. Investments

The following investments represent five percent or more of the Plan’s net assets available for benefits.

 

     December 31,  
     2012      2011  

Company Common Stock,
19,494,130 and 19,732,131 shares, respectively

   $ 375,262,002       $ 396,418,512   

BlackRock Equity Index Fund,
7,911,444 and 8,192,926 shares, respectively

     189,479,075         169,101,992   

PIMCO Total Return Fund,
13,910,139 and 11,913,675 shares, respectively

     156,349,959         129,501,651   

The Plan has significant holdings of Company common stock. As a result, the values of the Plan’s investments may be materially impacted by the changes in the fair value of this security.

During 2012 the Plan’s investments (including gains and losses on investments bought and sold, as well as held during the year) appreciated (depreciated) in value as follows:

 

Common or collective trust funds

   $ 83,198,016   

Mutual funds

     33,460,264   

Common stocks

     (12,579,223
  

 

 

 

Total investment appreciation

   $ 104,079,057   
  

 

 

 

Stable Value Fund

The Stable Value Fund utilizes synthetic guaranteed investment contracts (Synthetic GICs). A Synthetic GIC includes a wrap contract issued by an insurance company or other financial institution and a portfolio of fixed income assets that are owned by the Stable Value Fund. The wrap contract provides that realized and unrealized gains and losses on the assets covered by the wrap contract are not reflected immediately in the net assets of the Stable Value Fund, but rather are amortized over the duration of the assets or other agreed upon period, through adjustments to the future interest crediting rates. The wrap contract provides a guarantee that all qualified participant withdrawals will occur at contract value which represents contributions made under the contract, plus earnings, less withdrawals made under the contract and administrative expenses.

The crediting rates for Synthetic GICs are reset periodically and are based on the market value of the portfolio of assets covered by the contracts.

During 2012 and 2011, the average yields for the Stable Value Fund were as follows:

 

     2012     2011  

Based on actual earnings

     0.96     1.26

Based on the interest rate credited to Participants

     1.68     1.55

Wrap contracts provide that withdrawals associated with certain events not in the ordinary course of fund operations may be paid at market rather than contract value. Examples of such circumstances may include significant plan design changes, complete or partial plan terminations, severance programs, early retirement programs, the closing or sale of a subsidiary, bankruptcy of the plan sponsor or the failure of the trust to qualify for exemption from federal income taxes or any required prohibited transaction exemption under ERISA. The Plan Administrator does not believe the occurrence of the above events that would limit the Plan’s ability to conduct transactions with Participants at contract value is probable.

 

14


Table of Contents

CENTERPOINT ENERGY SAVINGS PLAN

Notes to Financial Statements

December 31, 2012 and 2011

 

 

6. Risks and Uncertainties

The Plan provides for investments in Company common stock, commingled and mutual funds and other investments. Investments, in general, are exposed to various risks, such as interest rate, credit and overall market volatility risk. Due to the level of risk associated with certain investments, it is reasonably possible that changes in the values of investments will occur in the near term and that such changes could materially affect the amounts reported in the Statements of Net Assets Available for Benefits and Participant account balances. Rates of return will vary, and returns will depend on the market value of the Plan’s investments.

 

7. Tax Status

The IRS has determined and informed the Company by letter dated April 2, 2001 that the Plan is qualified and the trust fund established is tax-exempt under the appropriate sections of the IRC. Although the Plan has been amended and restated since receiving the determination letter, the Plan Administrator and the Plan sponsor’s counsel believe these amendments have not adversely affected the Plan’s qualified status and the related trust’s tax-exempt status as of the financial statement date.

Generally accepted accounting principles require the Plan administrator to evaluate tax positions taken by the Plan and recognize a tax liability (or asset) if the Plan has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. The Plan administrator has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2012 and 2011, respectively, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Plan is subject to routine audits by the IRS; however, there are currently no audits for any tax periods in progress. The Plan administrator believes it is generally no longer subject to income tax examinations for years prior to 2009.

 

8. Related Party Transactions

During 2012, the Plan purchased and sold shares of the Company’s common stock and units of short-term investment funds managed by the Trustee as temporary investments (party-in-interest transactions) as shown below:

 

Purchases

   Company Common Stock    $ 192,723,407   
   Northern Trust Collective Short Term Investment Fund      652,276,101   

Sales

   Company Common Stock    $ 197,755,171   
   Northern Trust Collective Short Term Investment Fund      661,420,020   

 

9. Reconciliation of Financial Statements to Form 5500

The following is a reconciliation of Net Assets Available for Benefits per the financial statements to Form 5500:

 

     2012      2011  

Net Assets Available for Benefits per the financial statements

   $ 1,744,242,917       $ 1,623,616,786   

Adjustment from contract value to fair value for fully benefit-responsive contracts

     6,119,652         4,118,283   
  

 

 

    

 

 

 

Net Assets Available for Benefits per Form 5500

   $ 1,750,362,569       $ 1,627,735,069   
  

 

 

    

 

 

 

The following is a reconciliation of the Increase in Net Assets Available for Benefits per the financial statements to Form 5500 for the year ended December 31, 2012:

 

Increase in Net Assets Available for Benefits per the financial statements

   $ 120,626,131   

Adjustment to reverse fair value adjustment for fully benefit-responsive contracts related to prior year

     (4,118,283

Adjustment from contract value to fair value for fully benefit-responsive contracts

     6,119,652   
  

 

 

 

Increase in Net Assets Available for Benefits per Form 5500

   $ 122,627,500   
  

 

 

 

 

15


Table of Contents

CENTERPOINT ENERGY SAVINGS PLAN

EIN 74-0694415 PLAN 015

SCHEDULE H, LINE 4i

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

DECEMBER 31, 2012

 

(a)   (b)    Identity of issue, borrower, lessor or
        similar party
   (c)    Description of investment including maturity
        date, rate of interest, collateral, par or maturity
        value
   (e)    Current
         value
 
  COMMON OR COLLECTIVE TRUSTS      
  BLACKROCK    EQUITY INDEX FUND    $ 189,479,075   
  BLACKROCK    MSCI ACWI EX-US INDEX FUND      16,755,489   
  BLACKROCK    RUSSELL 1000 GROWTH INDEX FUND      52,256,214   
  BLACKROCK    RUSSELL 1000 VALUE INDEX FUND      43,296,042   
  BLACKROCK    RUSSELL 2000 INDEX FUND      18,337,597   
  DWIGHT ASSET MANAGEMENT    2012 TERM FUND      7,367,716   
  DWIGHT ASSET MANAGEMENT    2013 TERM FUND      32,087,785   
  DWIGHT ASSET MANAGEMENT    2014 TERM FUND      32,834,703   
  DWIGHT ASSET MANAGEMENT    2015 TERM FUND      40,234,714   
  DWIGHT ASSET MANAGEMENT    2016 TERM FUND      43,336,071   
  DWIGHT ASSET MANAGEMENT    CORE INTERMEDIATE FUND      41,854,002   
  DWIGHT ASSET MANAGEMENT    1-3 YEAR GOVERNMENT CREDIT FUND      9,930,864   
  LOOMIS SAYLES    INTERMEDIATE GOVERNMENT/CREDIT FUND      9,985,230   
  MELLON BANK    EB DAILY LIQUIDITY AGGR BOND INDEX FUND      68,663,545   
*   NORTHERN TRUST    COLLECTIVE SHORT TERM INVESTMENT FUND      29,733,296   
  PRUDENTIAL    CORE CONSERVATIVE INTER BOND FUND      15,726,948   
  THORNBURG INVESTMENT MANAGEMENT    INTERNATIONAL EQUITY FUND      39,005,147   
  VANGUARD    TARGET RETIREMENT 2010 TRUST II FUND      3,305,685   
  VANGUARD    TARGET RETIREMENT 2015 TRUST II FUND      26,126,411   
  VANGUARD    TARGET RETIREMENT 2020 TRUST II FUND      12,524,335   
  VANGUARD    TARGET RETIREMENT 2025 TRUST II FUND      39,273,734   
  VANGUARD    TARGET RETIREMENT 2030 TRUST II FUND      10,886,259   
  VANGUARD    TARGET RETIREMENT 2035 TRUST II FUND      47,991,725   
  VANGUARD    TARGET RETIREMENT 2040 TRUST II FUND      17,054,054   
  VANGUARD    TARGET RETIREMENT 2045 TRUST II FUND      46,936,074   
  VANGUARD    TARGET RETIREMENT 2050 TRUST II FUND      22,167,536   
  VANGUARD    TARGET RETIREMENT 2055 TRUST II FUND      9,103,316   
  VANGUARD    TARGET RETIREMENT INCOME TRUST II FUND      11,092,808   
  WELLINGTON MANAGEMENT    SMALL CAP OPPORTUNITIES PORTFOLIO      14,111,348   
  SUBTOTAL         951,457,723   
  COMMON STOCK      
  AFFILIATED MANAGERS GROUP INC    COMMON STOCK      121,039   
  AGCO CORP    COMMON STOCK      84,486   
  ALBANY INTL CORP    COMMON STOCK      283,500   
  ALBEMARLE CORP    COMMON STOCK      113,058   
  ALIGN TECHNOLOGY INC    COMMON STOCK      74,647   

 

16


Table of Contents

CENTERPOINT ENERGY SAVINGS PLAN

EIN 74-0694415 PLAN 015

SCHEDULE H, LINE 4i

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

DECEMBER 31, 2012

 

(a)   (b)    Identity of issue, borrower, lessor or
        similar party
   (c)    Description of investment including maturity
        date, rate of interest, collateral, par or maturity
        value
   (e)    Current
         value
 
  ALTERRA CAPITAL HOLDINGS INC    COMMON STOCK      105,149   
  AMERICAN EAGLE OUTFITTERS INC    COMMON STOCK      93,731   
  AMERICAN STS WTR CO    COMMON STOCK      250,935   
  ARIAD PHARMACEUTICALS INC    COMMON STOCK      46,416   
  ASBURY AUTOMOTIVE GROUP INC    COMMON STOCK      84,559   
  ASHLAND INC    COMMON STOCK      121,419   
  ASPEN INSURANCE HLDGS    COMMON STOCK      167,137   
  ATWOOD OCEANICS INC    COMMON STOCK      61,816   
  AVIS BUDGET GROUP INC    COMMON STOCK      452,986   
  AVIS BUDGET GROUP INC    COMMON STOCK      106,433   
  AXIS CAPITAL HOLDINGS LTD    COMMON STOCK      81,750   
  B & G FOODS INC    COMMON STOCK      74,738   
  BANK OF THE OZARKS INC    COMMON STOCK      94,051   
  BARNES GROUP INC    COMMON STOCK      256,605   
  BOTTOMLINE TECHNOLOGIES DE INC    COMMON STOCK      67,031   
  BROOKDALE SR LIVING INC    COMMON STOCK      408,032   
  BROWN & BROWN INC    COMMON STOCK      114,825   
  BRUNSWICK CORP    COMMON STOCK      81,161   
  CAMDEN PPTY TR SH    COMMON STOCK      92,766   
  CARDTRONICS INC    COMMON STOCK      89,025   
  CASEYS GEN STORES INC    COMMON STOCK      266,296   
  CATAMARAN CORP    COMMON STOCK      101,286   
  CAVIUM INC    COMMON STOCK      87,076   
*   CENTERPOINT ENERGY INC    COMMON STOCK      375,262,002   
  CHART INDS INC    COMMON STOCK      70,004   
  CHEMTURA CORP    COMMON STOCK      383,105   
  CHICAGO BRDG & IRON CO    COMMON STOCK      201,854   
  CIENA CORP    COMMON STOCK      100,009   
  CIRRUS LOGIC INC    COMMON STOCK      54,753   
  CLEAN HBRS INC    COMMON STOCK      74,814   
  CMS ENERGY CORP    COMMON STOCK      75,334   
  CNO FINL GROUP INC    COMMON STOCK      298,373   
  COLFAX CORP    COMMON STOCK      81,911   
  COLONIAL PPTYS TRUST    COMMON STOCK      83,770   
  COMSTOCK RES INC    COMMON STOCK      204,028   
  COOPER COS INC    COMMON STOCK      44,390   
  COPA HOLDINGS SA    COMMON STOCK      95,472   
  CORNERSTONE ONDEMAND INC    COMMON STOCK      82,389   

 

17


Table of Contents

CENTERPOINT ENERGY SAVINGS PLAN

EIN 74-0694415 PLAN 015

SCHEDULE H, LINE 4i

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

DECEMBER 31, 2012

 

(a)    (b)    Identity of issue, borrower, lessor or
        similar party
   (c)    Description of investment including maturity
        date, rate of interest, collateral, par or maturity
        value
   (e)    Current
         value
 
   COVANTA HLDG CORP    COMMON STOCK      64,838   
   CROWN HLDGS INC    COMMON STOCK      103,068   
   CUBIST PHARMACEUTICALS INC    COMMON STOCK      60,987   
   D R HORTON INC    COMMON STOCK      62,703   
   DARLING INTL INC    COMMON STOCK      325,612   
   DICKS SPORTING GOODS INC    COMMON STOCK      73,694   
   DRIL-QUIP INC    COMMON STOCK      73,050   
   DUKE RLTY CORP REIT    COMMON STOCK      92,097   
   EAST WEST BANCORP INC    COMMON STOCK      91,118   
   ENERGY XXI    COMMON STOCK      90,454   
   EQUIFAX INC    COMMON STOCK      110,405   
   ESTERLINE TECHNOLOGIES CORP    COMMON STOCK      369,256   
   EVERBANK FINL CORP    COMMON STOCK      84,689   
   FAIRCHILD SEMICONDUCTOR INTL INC    COMMON STOCK      78,912   
   FIDELITY NATIONAL FINANCIAL INC    COMMON STOCK      67,824   
   FIRST REP BK SAN FRANCISCO CALIF    COMMON STOCK      94,406   
   FOREST OIL CORP    COMMON STOCK      233,983   
   FRESH MKT INC    COMMON STOCK      61,074   
   FUSION-IO INC    COMMON STOCK      82,319   
   GENESEE & WYO INC    COMMON STOCK      96,622   
   HANOVER INS GROUP INC    COMMON STOCK      79,804   
   HARMAN INTL INDS INC    COMMON STOCK      63,835   
   HEALTHCARE SVCS GROUP INC    COMMON STOCK      65,741   
   HEARTLAND PMT SYS INC    COMMON STOCK      77,880   
   HEXCEL CORP    COMMON STOCK      89,238   
   HOME PROPS INC    COMMON STOCK      90,126   
   HOMEAWAY INC    COMMON STOCK      49,940   
   HORSEHEAD HLDG CORP    COMMON STOCK      55,338   
   HUBBELL INC    COMMON STOCK      72,782   
   IBERIABANK CORP    COMMON STOCK      278,510   
   INGREDION INC    COMMON STOCK      247,411   
   INTEGRA LIFESCIENCES HLDG CORP    COMMON STOCK      81,837   
   INTL GAME TECH    COMMON STOCK      83,036   
   ION GEOPHYSICAL CORP    COMMON STOCK      271,207   
   IPG PHOTONICS CORP    COMMON STOCK      78,647   
   ITC HLDGS CORP    COMMON STOCK      89,216   
   KILROY RLTY CORP    COMMON STOCK      83,371   
   KODIAK OIL & GAS CORP    COMMON STOCK      84,960   

 

18


Table of Contents

CENTERPOINT ENERGY SAVINGS PLAN

EIN 74-0694415 PLAN 015

SCHEDULE H, LINE 4i

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

DECEMBER 31, 2012

 

(a)    (b)    Identity of issue, borrower, lessor or
        similar party
   (c)    Description of investment including maturity
        date, rate of interest, collateral, par or maturity
        value
   (e)    Current
         value
 
   LAM RESH CORP    COMMON STOCK      62,866   
   LTC PPTYS INC    COMMON STOCK      287,678   
   MADDEN STEVEN LTD    COMMON STOCK      81,792   
   MANPOWER INC    COMMON STOCK      98,461   
   MAXIMUS INC    COMMON STOCK      72,071   
   MEDIVATION INC    COMMON STOCK      98,227   
   MEDNAX INC    COMMON STOCK      95,424   
   MERITAGE HOMES CORP    COMMON STOCK      76,194   
   METHANEX CORP    COMMON STOCK      93,698   
   MONOLITHIC PWR SYS INC    COMMON STOCK      80,654   
   MUELLER INDS INC    COMMON STOCK      246,898   
   NORDSON CORP    COMMON STOCK      65,645   
   OCWEN FINL CORP    COMMON STOCK      355,758   
   OIL STS INTL INC    COMMON STOCK      93,002   
   OLD DOMINION FGHT LINE INC    COMMON STOCK      91,528   
   OMEGA HEALTHCARE INVS INC    COMMON STOCK      339,982   
   ONEOK INC    COMMON STOCK      222,728   
   ONYX PHARMACEUTICALS INC    COMMON STOCK      74,019   
   OWENS ILL INC    COMMON STOCK      293,207   
   PENN NATL GAMING INC    COMMON STOCK      83,978   
   POLARIS INDS INC    COMMON STOCK      87,516   
   PORTLAND GEN ELEC CO    COMMON STOCK      267,581   
   POST HLDGS INC    COMMON STOCK      295,749   
   PRESTIGE BRANDS HLDGS INC    COMMON STOCK      175,964   
   PROASSURANCE CORP    COMMON STOCK      85,224   
   QUESTAR CORP    COMMON STOCK      71,926   
   RAVEN INDS INC    COMMON STOCK      91,074   
   REDWOOD TR INC    COMMON STOCK      391,257   
   RENAISSANCE RE HLDGS LTD    COMMON STOCK      86,948   
   ROCK-TENN CO    COMMON STOCK      92,980   
   RYMAN HOSPITALITY PPTYS INC    COMMON STOCK      6,585   
   SEACUBE CONTAINER LEASING LTD    COMMON STOCK      65,221   
   SEMTECH CORP    COMMON STOCK      78,165   
   SENSIENT TECHNOLOGIES CORP    COMMON STOCK      269,545   
   SHUTTERFLY INC    COMMON STOCK      67,208   
   SIGNATURE BK NY    COMMON STOCK      103,443   
   SIMPSON MFG INC    COMMON STOCK      291,995   
   SIRONA DENTAL SYS INC    COMMON STOCK      81,864   

 

19


Table of Contents

CENTERPOINT ENERGY SAVINGS PLAN

EIN 74-0694415 PLAN 015

SCHEDULE H, LINE 4i

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

DECEMBER 31, 2012

 

(a)   (b)    Identity of issue, borrower, lessor or
        similar party
   (c)    Description of investment including maturity
        date, rate of interest, collateral, par or maturity
        value
   (e)    Current
         value
 
  SM ENERGY CO    COMMON STOCK      65,263   
  SMITH A O CORP    COMMON STOCK      259,218   
  SOTHEBYS HLDGS INC    COMMON STOCK      79,343   
  SOURCEFIRE INC    COMMON STOCK      88,774   
  STRATASYS INC    COMMON STOCK      100,989   
  TENNECO INC    COMMON STOCK      86,722   
  TERADYNE INC    COMMON STOCK      86,815   
  TEXAS ROADHOUSE INC    COMMON STOCK      63,840   
  TIBCO SOFTWARE INC    COMMON STOCK      83,638   
  TIDEWATER INC    COMMON STOCK      222,953   
  TRIMBLE NAV LTD    COMMON STOCK      112,386   
  TRIUMPH GROUP INC    COMMON STOCK      88,808   
  TW TELECOM INC    COMMON STOCK      89,654   
  TWO HBRS INVT CORP    COMMON STOCK      209,467   
  TX CAP BANCSHARES INC    COMMON STOCK      86,503   
  U S AWYS GROUP INC    COMMON STOCK      93,015   
  ULTIMATE SOFTWARE GROUP INC    COMMON STOCK      95,354   
  UNIFIRST CORP MASS    COMMON STOCK      158,371   
  UNITED NAT FOODS INC    COMMON STOCK      89,495   
  UNS ENERGY CORP    COMMON STOCK      268,519   
  UNVL HEALTH SERVICES INC    COMMON STOCK      47,383   
  VAIL RESORTS INC    COMMON STOCK      80,053   
  VALSPAR CORP    COMMON STOCK      79,872   
  VERA BRADLEY INC    COMMON STOCK      59,738   
  VITAMIN SHOPPE INC    COMMON STOCK      96,365   
  WELLCARE HLTH PLANS INC    COMMON STOCK      54,533   
  WESCO INTL INC    COMMON STOCK      83,613   
  WOODWARD GOVERNOR CO    COMMON STOCK      79,310   
  WORLD MED INC    COMMON STOCK      61,803   
  SUBTOTAL         393,950,003   
  MUTUAL FUND      
  ADVISORS INNER CIRCLE    LSV VALUE EQUITY FUND      48,582,296   
  LOOMIS SAYLES    INVESTMENT TRUST FIXED INCOME FUND      65,982,773   
  PIMCO    TOTAL RETURN FUND      156,349,959   
  T. ROWE PRICE    LARGE CAP GROWTH FUND      53,885,919   
  TEMPLETON INVESTMENTS    INSTITUTIONAL FOREIGN EQUITY FUND      27,671,632   
  SUBTOTAL         352,472,579   

 

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CENTERPOINT ENERGY SAVINGS PLAN

EIN 74-0694415 PLAN 015

SCHEDULE H, LINE 4i

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

DECEMBER 31, 2012

 

(a)   (b)    Identity of issue, borrower, lessor or
        similar party
   (c)    Description of investment including maturity
        date, rate of interest, collateral, par or maturity
        value
   (e)    Current
         value
 
  GUARANTEED INVESTMENT CONTRACTS      
  METROPOLITAN LIFE    CONTRACT #31832 INTEREST RATE 5.70%      12,659,914   
  SUBTOTAL         12,659,914   
       

 

 

 
  TOTAL PLAN INVESTMENTS AT FAIR VALUE       $ 1,710,540,219   
       

 

 

 

*

  NOTES REVEIVABLE FROM PARTICIPANTS      
  CENTERPOINT ENERGY SAVINGS PLAN   

LOANS ISSUED AT INTEREST RATES FROM

4.25% to 8.50% WITH VARIOUS MATURITIES

   $ 40,040,033   

 

* PARTY-IN-INTEREST

HISTORICAL COST INFORMATION IN COLUMN (D) IS NOT PRESENTED BECAUSE THE INVESTMENTS DISPLAYED ARE PARTICIPANT-DIRECTED.

 

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the Plan) have duly caused this annual report to be signed on its behalf by the undersigned thereunto duly authorized.

 

CENTERPOINT ENERGY SAVINGS PLAN

By

 

/s/ Marc Kilbride

 

(Marc Kilbride, Chairman of the Benefits Committee

of CenterPoint Energy, Inc., Plan Administrator)

June 14, 2013

 

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