Form 11-K

 

 

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, 2011

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

 

 

 

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, 2011 and 2010

      Page 2   

Statement of Changes in Net Assets Available for Benefits for the Year Ended December 31, 2011

      Page 3   

Notes to Financial Statements

      Page 4   

Supplemental Schedule:

   

Schedule H, Line 4i-Schedule of Assets (Held at End of Year) December 31, 2011

      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.

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, 2011 and 2010, and the related statement of changes in net assets available for benefits for the year ended December 31, 2011. 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, 2011 and 2010, and the changes in net assets available for benefits for the year ended December 31, 2011 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 11, 2012

 

1

CENTERPOINT ENERGY SAVINGS PLAN

STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS

 

     December 31,  
     2011     2010  

ASSETS

     

Investments, at fair value (see Note 3)

    $ 1,581,059,274      $ 1,479,195,163   

Receivables:

     

Notes receivable from participants

      41,234,734        39,484,978   

Pending investment transactions

      3,646,702        —     

Participant contributions

      1,060,896        6,484   

Dividends and interest

      803,549        446,885   

Employer contributions

      712,856        8,882   
  

 

 

    

 

 

  

Total receivables

      47,458,737        39,947,229   
  

 

 

    

 

 

  

Total Assets

      1,628,518,011        1,519,142,392   
  

 

 

    

 

 

  

LIABILITIES

     

Pending investment transactions

      427,347        83,709   

Other

      355,595        440,669   
  

 

 

    

 

 

  

Total Liabilities

      782,942        524,378   
  

 

 

    

 

 

  

NET ASSETS AVAILABLE FOR BENEFITS AT FAIR VALUE

      1,627,735,069        1,518,618,014   

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

      (4,118,283 )      (1,408,655 ) 
  

 

 

    

 

 

  

NET ASSETS AVAILABLE FOR BENEFITS

    $ 1,623,616,786      $ 1,517,209,359   
  

 

 

    

 

 

  

See accompanying Notes to Financial Statements.

 

2

CENTERPOINT ENERGY SAVINGS PLAN

STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS

FOR THE YEAR ENDED DECEMBER 31, 2011

 

Investment Income:

   

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

    $ 78,708,276   

Dividends and interest

      31,293,625   
  

 

 

  

Total Investment Income

      110,001,901   
  

 

 

  

Interest on notes receivable from participants

      1,794,761   

Contributions:

   

Participant

      50,534,025   

Employer

      34,870,798   

Rollover

      1,707,654   
  

 

 

  

Total Contributions

      87,112,477   
  

 

 

  

Expenses:

   

Benefit payments

      88,999,778   

Administrative expenses

      3,501,934   
  

 

 

  

Total Expenses

      92,501,712   
  

 

 

  

INCREASE IN NET ASSETS AVAILABLE FOR BENEFITS

      106,407,427   

NET ASSETS AVAILABLE FOR BENEFITS:

   

BEGINNING OF YEAR

      1,517,209,359   
  

 

 

  

END OF YEAR

    $ 1,623,616,786   
  

 

 

  

See accompanying Notes to Financial Statements.

 

3

CENTERPOINT ENERGY SAVINGS PLAN

Notes to Financial Statements

December 31, 2011 and 2010

 

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 2011); 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.

 

4

CENTERPOINT ENERGY SAVINGS PLAN

Notes to Financial Statements

December 31, 2011 and 2010

 

 

  (c) Investment Options

The Plan offered the following investment funds (Funds) as of December 31, 2011:

 

  •  

Company Common Stock Fund

 

  •  

Large Company Growth Fund

 

  •  

Large Company Value Fund

 

  •  

International Equity Fund

 

  •  

Balanced Fund

 

  •  

Fixed Income Fund

 

  •  

Stable Value Fund

 

  •  

S&P 500 Index Fund

 

  •  

Small Company Fund

 

  •  

Vanguard Target Retirement 2055 Fund

 

  •  

Vanguard Target Retirement 2050 Fund

 

  •  

Vanguard Target Retirement 2045 Fund

 

  •  

Vanguard Target Retirement 2040 Fund

 

  •  

Vanguard Target Retirement 2035 Fund

 

  •  

Vanguard Target Retirement 2030 Fund

 

  •  

Vanguard Target Retirement 2025 Fund

 

  •  

Vanguard Target Retirement 2020 Fund

 

  •  

Vanguard Target Retirement 2015 Fund

 

  •  

Vanguard Target Retirement 2010 Fund

 

  •  

Vanguard Target Retirement 2005 Fund

 

  •  

Vanguard Target Retirement Income 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.

 

5

CENTERPOINT ENERGY SAVINGS PLAN

Notes to Financial Statements

December 31, 2011 and 2010

 

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.

 

6

CENTERPOINT ENERGY SAVINGS PLAN

Notes to Financial Statements

December 31, 2011 and 2010

 

 

  (b) New Accounting Standards

In January 2010, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2010-06, Fair Value Measurements and Disclosures (Topic 820) — Improving Disclosures about Fair Value Measurements (ASU 2010-6), which requires entities to make disclosures about recurring and nonrecurring fair value measurements. In accordance with ASU 2010-6, the reporting entity should disclose separately the amounts of significant transfers in and out of Level 1 and Level 2 fair value measurements and describe the reasons for the transfers. ASU 2010-6 also requires an entity to present separately information about purchases, sales, issuances, and settlements in the reconciliation of fair value measurements using significant unobservable inputs (Level 3). The disclosures in ASU 2010-6 are effective for interim and annual reporting periods beginning after December 15, 2009, and were adopted in 2010, except for purchases, sales, issuances, and settlements in the roll forward activity in Level 3 fair value measurements. Those disclosures are effective for fiscal years beginning after December 15, 2010 and for interim periods within those fiscal years and were adopted in 2011.

In May 2011, the FASB issued 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 is not expected to 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.

 

7

CENTERPOINT ENERGY SAVINGS PLAN

Notes to Financial Statements

December 31, 2011 and 2010

 

 

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

    Observable inputs such as quoted prices for identical assets or liabilities;

Level 2

    Observable inputs such as (i) quoted prices for similar assets or liabilities in active markets; (ii) quoted prices for identical or similar assets or liabilities in markets that are not active and do not require significant adjustment based on unobservable inputs; or (iii) valuations based on pricing models, discounted cash flow methodologies or similar techniques where significant inputs (e.g. interest rates, yield curves, etc.) are derived principally from or corroborated by observable market data for substantially the full term of the assets or liabilities; and

Level 3

    Unobservable inputs, including valuations based on pricing models, discounted cash flow methodologies or similar techniques where at least one significant model assumption or input is unobservable. Unobservable inputs are used to the extent that observable inputs are not available and reflect the Plan’s own assumptions about the assumptions the market participants would use in pricing the assets or liabilities. 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:

 

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.

 

8

CENTERPOINT ENERGY SAVINGS PLAN

Notes to Financial Statements

December 31, 2011 and 2010

 

The following tables set forth by level, within the fair value hierarchy, the Plan’s assets at fair value as of December 31, 2011 and 2010:

 

     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.

 

9

CENTERPOINT ENERGY SAVINGS PLAN

Notes to Financial Statements

December 31, 2011 and 2010

 

 

     Assets at Fair Value as of December 31, 2010  
     Level 1      Level 2      Level 3      Total  

Mutual funds

            

Target Date Retirement Funds

    $ 182,868,835       $ —         $ —         $ 182,868,835   

Fixed Income Fund

      150,799,251         —           —           150,799,251   

Large Company Growth Fund

      51,685,677         —           —           51,685,677   

Large Company Value Fund

      46,451,896         —           —           46,451,896   

International Equity Fund

      35,710,679         —           —           35,710,679   

Balanced Fund

      23,961,569         —           —           23,961,569   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total mutual funds

      491,477,907         —              491,477,907   

Common or collective trust funds

            

Stable Value Fund

      —           222,001,957         —           222,001,957   

S&P 500 Index Fund

      —           137,651,137         —           137,651,137   

Fixed Income Fund

      —           48,791,630         —           48,791,630   

Balanced Fund

      —           58,310,766         —           58,310,766   

Large Company Growth Fund

      —           45,282,289         —           45,282,289   

International Equity Fund

      —           42,722,112         —           42,722,112   

Large Company Value Fund

      —           41,048,650         —           41,048,650   

Small Company Fund

      —           21,990,073         —           21,990,073   

Company Common Stock Fund

      —           7,625,936         —           7,625,936   

Short Term Investment Fund

      —           1,200,837         —           1,200,837   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total common or collective trust funds

      —           626,625,387         —           626,625,387   

Common stocks

            

Company Common Stock Fund

      330,318,213         —           —           330,318,213   

Small Company Fund

      18,019,258         —           —           18,019,258   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total common stocks

      348,337,471         —           —           348,337,471   

Other

            

Stable Value Fund (1)

      —           —           12,754,398         12,754,398   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total other

      —           —           12,754,398         12,754,398   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total assets at fair value

    $ 839,815,378       $ 626,625,387       $ 12,754,398       $ 1,479,195,163   
  

 

 

     

 

 

     

 

 

     

 

 

  

 

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

 

10

CENTERPOINT ENERGY SAVINGS PLAN

Notes to Financial Statements

December 31, 2011 and 2010

 

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

 

     Year Ended
December 31,  2011		  
     Guaranteed
Investment Contract		  

Balance, beginning of year

    $ 12,754,398   

Unrealized gains relating to instruments still held at the reporting date

      229,495   
  

 

 

  

Balance, end of year

    $ 12,983,893   
  

 

 

  

 

4. Net Asset Value Per Share

Under the amended guidance of ASU No. 2009-12, Investments in Certain Entities That Calculate Net Asset Value per Share or Its Equivalent, entities are permitted, as a practical expedient, to estimate the fair value of investments within its scope using the net asset value (“NAV”) per share of the investment as of the reporting entities’ measurement dates. The amended guidance also requires additional disclosures to better enable users of the financial statements to understand the nature and risks of the reporting entity’s investments that fall under these rules.

In accordance with ASU No. 2009-12, the Plan expands its disclosures to include the category, fair value, redemption frequency, and redemption notice period for those investments whose fair value is estimated using NAV per share as of December 31, 2011 and 2010.

The following tables set forth a summary of the Plan’s investments with a reported NAV as of December 31, 2011 and 2010:

 

     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         No   

BlackRock Equity Index Fund(2)

      169,101,992         —           Daily         No   

BlackRock Russell 1000 Growth Index Fund(3)

      46,648,446         —           Daily         No   

BlackRock Russell 1000 Value Index Fund(4)

      41,038,695         —           Daily         No   

BlackRock Russell 2000 Index Fund(5)

      14,653,809         —           Daily         No   

BlackRock MSCI ACWI Ex-US Fund(6)

      15,824,616         —           Daily         No   

Dwight Various Term Funds(7)

      214,360,711         —           Daily         No   

Mellon EB Daily Liquidity Aggregate Bond Index Fund(8)

      63,405,820         —           Daily         No   

Prudential Core Conservative Intermediate Bond Fund(7)

      20,138,347         —           Daily         No   

SEI Stable Asset Fund(7)

      3,193,323         —           Daily         No   

Thornburg International Equity Fund(9)

      33,531,377         —           Daily         No   

Vanguard Target Date Retirement Funds(10)

     191,755,203         —           Daily         No   

Wellington Small Cap Opportunities Portfolio(11)

     12,255,727         —           Daily         No   

 

11

CENTERPOINT ENERGY SAVINGS PLAN

Notes to Financial Statements

December 31, 2011 and 2010

 

 

     Fair Value Estimated Using Net Asset Value per Share
December 31, 2010		  
     Fair Value      Unfunded
Commitment		      Redemption
Frequency		      Redemption
Notice
Period		  

Northern Trust Collective Short Term Investment Fund(1)

    $ 21,172,271       $ —           Daily         No   

BlackRock Equity Index Fund(2)

      171,607,159         —           Daily         No   

BlackRock Russell 1000 Growth Index Fund(3)

      45,282,289         —           Daily         No   

BlackRock Russell 1000 Value Index Fund(4)

      41,048,650         —           Daily         No   

BlackRock Russell 2000 Index Fund(5)

      21,563,078         —           Daily         No   

BlackRock MSCI ACWI Ex-US Fund(6)

      7,215,850         —           Daily         No   

Dwight Various Target Funds(7)

      206,894,299         —           Daily         No   

Mellon EB Daily Liquidity Aggregate Bond Index Fund(8)

      48,791,630         —           Daily         No   

SEI Stable Asset Fund(7)

      3,189,156         —           Daily         No   

Thornburg International Equity Fund(9)

      47,116,200         —           Daily         No   

Wellington Small Cap Opportunities Portfolio(11)

     12,744,805         —           Daily         No   

 

(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.

(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 total return of the Morgan Stanley Capital International All Country World Index Ex-U.S. (“MSCI ACWI Ex-US”). The fund is managed to deliver a high quality and cost-effective index-based portfolio to the institutional investors.

(7)

These funds are investments of the Stable Value Fund. See Note 5 for information on the wrap contracts relating to these investments.

(8)

The investment objective is to track the performance of the Barclays Capital U.S. Aggregate Bond Index. The Fund may invest in securities (including those issued through private placements) and a combination of other collective funds that are designed to achieve the fund’s objective.

(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

CENTERPOINT ENERGY SAVINGS PLAN

Notes to Financial Statements

December 31, 2011 and 2010

 

 

5. Investments

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

 

     December 31,  
     2011      2010  

Company Common Stock,
19,732,131 and 21,012,609 shares, respectively

    $ 396,418,512       $ 330,318,213   

BlackRock Equity Index Fund,
8,192,926 and 8,499,612 shares, respectively

      169,101,992         171,607,159   

PIMCO Total Return Fund,
11,913,675 and 11,455,220 shares, respectively

      129,501,651         124,289,139   

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 2011 the Plan’s investments (including gains and losses on investments bought and sold, as well as held during the year) appreciated in value as follows:

 

Common or collective trust funds

    $ 88,927,255   

Mutual funds

      (10,184,248 ) 

Common stocks

      (34,731 ) 
  

 

 

  

Total investment appreciation

    $ 78,708,276   
  

 

 

  

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 2011 and 2010, the average yields for the Stable Value Fund were as follows:

 

     2011     2010  

Based on actual earnings

      1.26 %      2.14 % 

Based on the interest rate credited to Participants

      1.55 %      2.15 % 

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.

 

13

CENTERPOINT ENERGY SAVINGS PLAN

Notes to Financial Statements

December 31, 2011 and 2010

 

 

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, 2011 and 2010, 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 2008.

 

8. Related Party Transactions

During 2011, 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    $ 111,396,721   
   Northern Trust Collective Short Term Investment Fund      541,642,349   

Sales

    Company Common Stock    $ 133,154,789   
   Northern Trust Collective Short Term Investment Fund      526,142,651   

 

14

CENTERPOINT ENERGY SAVINGS PLAN

Notes to Financial Statements

December 31, 2011 and 2010

 

 

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:

 

     2011      2010  

Net Assets Available for Benefits per the financial statements

    $ 1,623,616,786       $ 1,517,209,359   

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

      4,118,283         1,408,655   
  

 

 

     

 

 

  

Net Assets Available for Benefits per Form 5500

    $ 1,627,735,069       $ 1,518,618,014   
  

 

 

     

 

 

  

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, 2011:

 

Increase in Net Assets Available for Benefits per the financial statements

    $ 106,407,427   

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

      (1,408,655 ) 

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

      4,118,283   
  

 

 

  

Increase in Net Assets Available for Benefits per Form 5500

    $ 109,117,055   
  

 

 

  

 

 

15

CENTERPOINT ENERGY SAVINGS PLAN

EIN 74-0694415 PLAN 015

SCHEDULE H, LINE 4i

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

DECEMBER 31, 2011

 

(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    $ 169,101,992   
   BLACKROCK    MSCI ACWI EX US INDEX FUND      15,824,616   
   BLACKROCK    RUSSELL 1000 GROWTH INDEX FUND      46,648,446   
   BLACKROCK    RUSSELL 1000 VALUE INDEX FUND      41,038,695   
   BLACKROCK    RUSSELL 2000 INDEX FUND      14,653,809   
   DWIGHT ASSET MANAGEMENT    2011 TERM FUND      12,683,303   
   DWIGHT ASSET MANAGEMENT    2012 TERM FUND      33,462,119   
   DWIGHT ASSET MANAGEMENT    2013 TERM FUND      33,699,072   
   DWIGHT ASSET MANAGEMENT    2014 TERM FUND      34,136,914   
   DWIGHT ASSET MANAGEMENT    2015 TERM FUND      55,330,441   
   DWIGHT ASSET MANAGEMENT    2015 CORE INTERM FUND      45,048,862   
   MELLON BANK    EB DAILY LIQUIDITY AGGREGATE BOND INDEX FUND      63,405,820   
*    NORTHERN TRUST    COLL SHORT TERM INVESTMENT FUND      36,426,329   
   PRUDENTIAL    CORE CONSERVATIVE INTER BOND FUND      20,138,347   
   SEI    STABLE ASSET FUND      3,193,323   
   THORNBURG INVESTMENT MANAGEMENT    INTERNATIONAL EQUITY FUND      33,531,377   
   VANGUARD    TARGET RETIREMENT 2005 TRUST II      2,947,620   
   VANGUARD    TARGET RETIREMENT 2010 TRUST II      3,041,649   
   VANGUARD    TARGET RETIREMENT 2015 TRUST II      23,670,356   
   VANGUARD    TARGET RETIREMENT 2020 TRUST II      9,011,625   
   VANGUARD    TARGET RETIREMENT 2025 TRUST II      33,703,936   
   VANGUARD    TARGET RETIREMENT 2030 TRUST II      7,026,983   
   VANGUARD    TARGET RETIREMENT 2035 TRUST II      41,128,744   
   VANGUARD    TARGET RETIREMENT 2040 TRUST II      11,395,690   
   VANGUARD    TARGET RETIREMENT 2045 TRUST II      37,406,244   
   VANGUARD    TARGET RETIREMENT 2050 TRUST II      13,937,136   
   VANGUARD    TARGET RETIREMENT 2055 TRUST II      6,499,705   
   VANGUARD    TARGET RETIREMENT INCOME TRUST II      1,985,515   
   WELLINGTON CAPITAL    SMALL CAP OPPORTUNITIES PORTFOLIO      12,255,727   
        

 

 

  
   SUBTOTAL       $ 862,334,395   
   COMMON STOCK      
   ABOVENET INC    COMMON STOCK    $ 81,913   
   ACME PACKET INC    COMMON STOCK      36,474   
   ADTRAN INC    COMMON STOCK      43,129   
   AFFILIATED MANAGERS GROUP INC    COMMON STOCK      71,963   
   AIRGAS INC    COMMON STOCK      49,190   
   ALBANY INTL CORP    COMMON STOCK      331,888   
   ALBEMARLE CORP    COMMON STOCK      72,114   
   ALLEGHENY TECHNOLOGIES INC    COMMON STOCK      83,650   

 

16

CENTERPOINT ENERGY SAVINGS PLAN

EIN 74-0694415 PLAN 015

SCHEDULE H, LINE 4i

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

DECEMBER 31, 2011

 

(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		  
   ALLIED NEV GOLD CORP    COMMON STOCK      72,975   
   ALPHA NAT RES INC    COMMON STOCK      45,968   
   AMERICAN STS WTR CO    COMMON STOCK      209,749   
   AMETEK INC    COMMON STOCK      95,357   
   ARCOS DORADOS HOLDINGS INC    COMMON STOCK      51,120   
   ARIAD PHARMACEUTICALS INC    COMMON STOCK      53,533   
   ARIBA INC    COMMON STOCK      67,954   
   ASBURY AUTOMOTIVE GROUP INC    COMMON STOCK      91,630   
   ASHLAND INC    COMMON STOCK      85,168   
   ASPEN INSURANCE HLDGS    COMMON STOCK      158,603   
   AVIS BUDGET GROUP INC    COMMON STOCK      281,346   
   AVIS BUDGET GROUP INC    COMMON STOCK      65,285   
   BANCO LATINOAMERICANO DE COMERCIO    COMMON STOCK      81,213   
   BANK OF THE OZARKS INC    COMMON STOCK      94,520   
   BANKRATE INC    COMMON STOCK      61,275   
   BARNES GROUP INC    COMMON STOCK      316,323   
   BIG LOTS INC    COMMON STOCK      47,200   
   BIOMARIN PHARMACEUTICAL INC    COMMON STOCK      37,818   
   BROADSOFT INC    COMMON STOCK      30,200   
   BROOKDALE SR LIVING INC    COMMON STOCK      301,803   
   BROWN & BROWN INC    COMMON STOCK      73,548   
   BRUNSWICK CORP    COMMON STOCK      50,207   
   CABOT OIL & GAS CORP    COMMON STOCK      37,191   
   CAMDEN PPTY TR SH    COMMON STOCK      95,850   
   CAPSTEAD MTG CORP    COMMON STOCK      206,006   
   CASEYS GEN STORES INC    COMMON STOCK      106,626   
   CATALYST HEALTH SOLUTIONS INC    COMMON STOCK      71,240   
   CAVIUM INC    COMMON STOCK      68,516   
*    CENTERPOINT ENERGY INC    COMMON STOCK      396,418,512   
   CEPHEID INC    COMMON STOCK      72,261   
   CHART INDS INC    COMMON STOCK      54,070   
   CHEMTURA CORP    COMMON STOCK      151,843   
   CHICAGO BRDG & IRON CO    COMMON STOCK      189,189   
   CLEAN HBRS INC    COMMON STOCK      81,574   
   CNO FINL GROUP INC    COMMON STOCK      339,951   
   COMSTOCK RES INC    COMMON STOCK      236,921   
   CONCUR TECHNOLOGIES INC    COMMON STOCK      66,027   
   COPA HOLDINGS SA    COMMON STOCK      70,991   
   CORE LAB    COMMON STOCK      100,276   
   CORN PRODS INTL INC    COMMON STOCK      204,312   
   COVANTA HLDG CORP    COMMON STOCK      54,623   
   CROCS INC    COMMON STOCK      46,673   

 

17

CENTERPOINT ENERGY SAVINGS PLAN

EIN 74-0694415 PLAN 015

SCHEDULE H, LINE 4i

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

DECEMBER 31, 2011

 

(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		  
   CROWN HLDGS INC    COMMON STOCK      94,360   
   CUBESMART    COMMON STOCK      46,816   
   CUBIST PHARMACEUTICALS INC    COMMON STOCK      72,108   
   CVR ENERGY INC    COMMON STOCK      41,019   
   CYPRESS SEMICONDUCTOR CORP    COMMON STOCK      82,592   
   DARLING INTL INC    COMMON STOCK      309,856   
   DRIL-QUIP INC    COMMON STOCK      74,377   
   DUKE RLTY CORP REIT    COMMON STOCK      70,011   
   EAST WEST BANCORP INC    COMMON STOCK      94,998   
   ENERGEN CORP    COMMON STOCK      66,000   
   ENERGY XXI    COMMON STOCK      101,697   
   EQUIFAX INC    COMMON STOCK      89,489   
   ESTERLINE TECHNOLOGIES CORP    COMMON STOCK      373,320   
   EXTRA SPACE STORAGE INC    COMMON STOCK      46,037   
   FAIRCHILD SEMICONDUCTOR INTL INC    COMMON STOCK      41,658   
   FINISAR CORPORATION    COMMON STOCK      69,827   
   FINISH LINE INC    COMMON STOCK      77,911   
   FOREST OIL CORP    COMMON STOCK      262,192   
   FORTINET INC    COMMON STOCK      42,311   
   FOSSIL INC    COMMON STOCK      55,552   
   FRESH MKT INC    COMMON STOCK      44,688   
   GAMESTOP CORP    COMMON STOCK      32,093   
   GAYLORD ENTMT CO    COMMON STOCK      52,384   
   GENERAL CABLE CORP    COMMON STOCK      144,183   
   GENESEE & WYO INC    COMMON STOCK      107,227   
   HEALTHCARE SVCS GROUP INC    COMMON STOCK      30,427   
   HEALTHSPRING INC    COMMON STOCK      62,176   
   HEARTLAND PMT SYS INC    COMMON STOCK      44,822   
   HENRY JACK & ASSOC INC    COMMON STOCK      66,548   
   HEXCEL CORP    COMMON STOCK      82,314   
   HUB GROUP INC    COMMON STOCK      78,156   
   IBERIABANK CORP    COMMON STOCK      257,099   
   INCYTE CORP    COMMON STOCK      42,328   
   INFORMATICA CORP    COMMON STOCK      67,582   
   INTERDIGITAL INC    COMMON STOCK      36,163   
   ION GEOPHYSICAL CORP    COMMON STOCK      293,259   
   ITC HLDGS CORP    COMMON STOCK      100,162   
   KBR INC    COMMON STOCK      48,494   
   KEY ENERGY SVCS INC    COMMON STOCK      86,787   
   KILROY RLTY CORP    COMMON STOCK      94,794   
   KINDRED HEALTHCARE INC    COMMON STOCK      225,160   
   KNIGHT CAP GROUP INC    COMMON STOCK      43,143   

 

18

CENTERPOINT ENERGY SAVINGS PLAN

EIN 74-0694415 PLAN 015

SCHEDULE H, LINE 4i

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

DECEMBER 31, 2011

 

(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		  
   LASALLE HOTEL PPTYS    COMMON STOCK      56,651   
   LTC PPTYS INC    COMMON STOCK      239,319   
   MADDEN STEVEN LTD    COMMON STOCK      65,722   
   MANNING & NAPIER INC    COMMON STOCK      31,974   
   MANPOWER INC    COMMON STOCK      44,330   
   MARKETAXESS HLDGS INC    COMMON STOCK      55,101   
   MEDNAX INC    COMMON STOCK      49,687   
   MERITAGE HOMES CORP    COMMON STOCK      57,511   
   MILLER HERMAN INC    COMMON STOCK      59,224   
   MSCI INC    COMMON STOCK      75,410   
   NASDAQ OMX GROUP    COMMON STOCK      77,452   
   NATL FUEL GAS CO    COMMON STOCK      59,471   
   NETGEAR INC    COMMON STOCK      68,147   
   NORTHERN OIL & GAS INC    COMMON STOCK      47,480   
   OCWEN FINL CORP    COMMON STOCK      86,156   
   OCWEN FINL CORP    COMMON STOCK      272,586   
   OLD DOMINION FGHT LINE INC    COMMON STOCK      79,844   
   OMEGA HEALTHCARE INVS INC    COMMON STOCK      316,759   
   ON SEMICONDUCTOR CORP    COMMON STOCK      71,950   
   ONEOK INC    COMMON STOCK      460,324   
   ONYX PHARMACEUTICALS INC    COMMON STOCK      77,352   
   OWENS CORNING    COMMON STOCK      93,053   
   OWENS ILL INC    COMMON STOCK      313,956   
   PENN NATL GAMING INC    COMMON STOCK      95,556   
   PENTAIR INC    COMMON STOCK      73,238   
   POLARIS INDS INC    COMMON STOCK      57,100   
   POLYPORE INTL INC    COMMON STOCK      57,627   
   PORTLAND GEN ELEC CO    COMMON STOCK      283,880   
   PROASSURANCE CORP    COMMON STOCK      74,233   
   QUALITY SYS INC    COMMON STOCK      63,623   
   QUESTAR CORP    COMMON STOCK      68,517   
   QUESTCOR PHARMACEUTICALS INC    COMMON STOCK      34,511   
   REDWOOD TR INC    COMMON STOCK      270,737   
   RENAISSANCE RE HLDGS LTD    COMMON STOCK      64,702   
   ROCK-TENN CO    COMMON STOCK      90,012   
   SAKS INC    COMMON STOCK      61,132   
   SAPIENT CORP    COMMON STOCK      69,300   
   SCIENTIFIC GAMES CORP    COMMON STOCK      59,170   
   SEMTECH CORP    COMMON STOCK      44,676   
   SENSIENT TECHNOLOGIES CORP    COMMON STOCK      329,730   
   SIGNATURE BK NY N Y    COMMON STOCK      88,785   
   SIMPSON MFG INC    COMMON STOCK      344,005   

 

19

CENTERPOINT ENERGY SAVINGS PLAN

EIN 74-0694415 PLAN 015

SCHEDULE H, LINE 4i

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

DECEMBER 31, 2011

 

(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		  
   SIRONA DENTAL SYS INC    COMMON STOCK      50,206   
   SMITH A O CORP    COMMON STOCK      392,173   
   SOTHEBYS HLDGS INC    COMMON STOCK      63,622   
   SPX CORP    COMMON STOCK      68,105   
   STEWART ENTERPRISES INC    COMMON STOCK      62,122   
   SUCCESSFACTORS INC    COMMON STOCK      70,171   
   SUPER VALU INC    COMMON STOCK      314,244   
   SVB FINL GROUP    COMMON STOCK      47,690   
   SWIFT ENERGY CO    COMMON STOCK      65,087   
   SXC HEALTH SOLUTIONS CORP    COMMON STOCK      44,054   
   TALEO CORP    COMMON STOCK      110,266   
   TANGER FACTORY OUTLET CTRS INC    COMMON STOCK      94,117   
   TEMPUR-PEDIC INTL INC    COMMON STOCK      100,858   
   TENNECO INC    COMMON STOCK      66,409   
   TERADYNE INC    COMMON STOCK      79,463   
   THOMPSON CREEK METALS CO INC    COMMON STOCK      48,233   
   TIBCO SOFTWARE INC    COMMON STOCK      89,423   
   TIDEWATER INC    COMMON STOCK      282,242   
   TREEHOUSE FOODS INC    COMMON STOCK      52,304   
   TRIUMPH GROUP INC    COMMON STOCK      75,400   
   TRUE RELIGION APPAREL INC    COMMON STOCK      70,889   
   TW TELECOM INC    COMMON STOCK      77,326   
   TWO HBRS INVT CORP    COMMON STOCK      200,554   
   UNDER ARMOR INC    COMMON STOCK      66,765   
   UNITED NAT FOODS INC    COMMON STOCK      75,619   
   UTD THERAPEUTICS CORP DEL    COMMON STOCK      65,677   
   VERIFONE HLDGS INC    COMMON STOCK      98,035   
   VITAMIN SHOPPE INC    COMMON STOCK      88,534   
   WELLCARE HLTH PLANS INC    COMMON STOCK      80,850   
   WESCO INTL INC    COMMON STOCK      89,587   
   WISDOMTREE INVTS INC    COMMON STOCK      43,257   
   WOODWARD GOVERNOR CO    COMMON STOCK      96,595   
   WYNDHAM WORLDWIDE CORP    COMMON STOCK      51,827   
        

 

 

  
   SUBTOTAL       $ 414,239,585   
   GUARANTEED INVESTMENT CONTRACTS      
   METROPOLITAN    CONTRACT #31832 INTEREST RATE 5.700%    $ 12,983,893   
        

 

 

  
   SUBTOTAL       $ 12,983,893   
   MUTUAL FUND      
   LSV ASSET MANAGEMENT    VALUE EQUITY FUND    $ 40,380,644   
   LOOMIS SAYLES    FIXED INCOME FUND      52,437,563   

 

20

CENTERPOINT ENERGY SAVINGS PLAN

EIN 74-0694415 PLAN 015

SCHEDULE H, LINE 4i

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

DECEMBER 31, 2011

 

(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		  
   PIMCO    TOTAL RETURN FUND      129,501,651   
   T ROWE PRICE    INSTITUTIONAL LARGE CAP GROWTH FUND      45,839,379   
   TEMPLETON    FOREIGN EQUITY SERIES      23,342,164   
        

 

 

  
   SUBTOTAL       $ 291,501,401   
   TOTAL PLAN INVESTMENTS AT FAIR VALUE       $ 1,581,059,274   
        

 

 

  
*    PARTICIPANT LOANS      
   CENTERPOINT ENERGY SAVINGS PLAN    LOANS ISSUED AT INTEREST RATES BETWEEN 4.25% - 9.25% WITH VARIOUS MATURITIES    $ 41,234,734   

 

* PARTY-IN-INTEREST

HISTORICAL COST INFORMATION IN COLUMN (D) IS NOT PRESENTED SINCE 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 11, 2012      

 

22