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, 2005
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 1-3187
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
Report of Independent Registered Public Accounting Firm Page 1
Financial Statements:
Statements of Net Assets Available for Benefits, December 31, 2005
and 2004 Page 2
Statement of Changes in Net Assets Available for Benefits for the
Year Ended December 31, 2005 Page 3
Notes to Financial Statements Page 4
Supplemental Schedules:
Schedule H, line 4a-Schedule of Delinquent Contributions for the
Year Ended December 31, 2005 Page 10
Schedule H, line 4i-Schedule of Assets (Held at End of Year),
December 31, 2005 Page 11
Pursuant to Item 4 of Form 11-K, the financial statements and schedules referred
to above have been prepared in accordance with regulations of the Employee
Retirement Income Security Act of 1974.
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
CenterPoint Energy Savings Plan
We have audited the accompanying statement of net assets available for benefits
of the CenterPoint Energy Savings Plan (Plan) as of December 31, 2005 and 2004
and the related statement of changes in net assets available for benefits for
the year ended December 31, 2005. 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, 2005 and 2004 and the changes in net assets available for benefits
for the year ended December 31, 2005 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 accompanying supplemental schedules,
listed in the Table of Contents, are presented for the purpose of additional
analysis and are not a required part of the basic financial statements, but are
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 schedules are the responsibility of the
Plan's management. The supplemental schedules have been subjected to the
auditing procedures applied in our audit of the basic financial statements and,
in our opinion, are fairly stated in all material respects in relation to the
basic financial statements taken as a whole.
/s/ McConnell & Jones, LLP
Houston, Texas
June 9, 2006
1
CENTERPOINT ENERGY SAVINGS PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
DECEMBER 31,
-------------------------------
2005 2004
-------------- --------------
ASSETS
Investments $1,163,864,074 $1,110,861,275
-------------- --------------
Participant loans 34,276,549 31,923,161
-------------- --------------
Receivables:
Dividends and interest 890,741 1,217,426
Pending investment transactions 4,695,563 945,406
Employer contributions 14,413,501 714,040
Participant contributions 2,038,490 1,338,580
-------------- --------------
Total receivables 22,038,295 4,215,452
-------------- --------------
Total Assets 1,220,178,918 1,146,999,888
-------------- --------------
LIABILITIES
Pending investment transactions 1,416,604 194,246
Other 328,714 236,684
-------------- --------------
Total Liabilities 1,745,318 430,930
-------------- --------------
NET ASSETS AVAILABLE FOR BENEFITS $1,218,433,600 $1,146,568,958
============== ==============
See Notes to Plan's Financial Statements.
2
CENTERPOINT ENERGY SAVINGS PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
FOR THE YEAR ENDED DECEMBER 31, 2005
INVESTMENT GAIN:
Dividends $19,028,584
Interest 6,245,033
Net appreciation of investments 42,040,047
-----------
Total investment gain $ 67,313,664
CONTRIBUTIONS:
Participant contributions 41,003,669
Employer contributions 47,545,008
-----------
Total contributions 88,548,677
Administrative expenses (1,994,719)
Plan to plan transfers (203,937)
Benefit payments (81,799,043)
--------------
INCREASE IN NET ASSETS AVAILABLE FOR BENEFITS 71,864,642
NET ASSETS AVAILABLE FOR BENEFITS:
BEGINNING OF PERIOD 1,146,568,958
--------------
END OF PERIOD $1,218,433,600
==============
See Notes to Plan's Financial Statements.
3
CENTERPOINT ENERGY SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
1. SUMMARY OF THE PLAN
Description of the Plan
The following description of the CenterPoint Energy Savings Plan (Plan)
provides only general information. Participants 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's provisions will govern.
General
The Plan is a defined contribution plan covering 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) building trades workers under a construction industry collective
bargaining agreement, (b) leased employees, (c) independent contractors or
(d) non-resident aliens who receive no U.S. sourced income. The Plan is
subject to the provisions of the Employee Retirement Income Security Act of
1974 (ERISA).
Contributions
Active Participants may contribute up to 16% of eligible compensation, as
defined in the Plan. Active Participants age 50 or over may contribute an
additional pre-tax contribution up to a total amount of $4,000 for 2005.
Participants may also contribute amounts representing rollover eligible
distributions from other defined benefit or defined contribution plans,
403(b) annuity plans, 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.
In general, the employer matching contribution is 75% of the first 6% of
eligible compensation that the Participant contributes into the Plan.
Additional discretionary matching contributions may be made of up to 50% of
the first 6% of eligible compensation that the Participant contributes to
the Plan. All employer matching contributions (including the discretionary
match) are fully vested at all times.
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 Company common stock
either reinvested in the Company 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 with the
exception of the Reliant Energy, Inc. (Reliant Energy) common stock fund.
Employer contributions are made in the form of cash and are invested in
accordance with Participant elections.
Contributions are subject to certain limitations.
4
Investment Options
The Plan offered the following investment funds (Funds):
- 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
- Reliant Energy Common Stock Fund
- Vanguard Target Retirement 2005 Fund
- Vanguard Target Retirement 2015 Fund
- Vanguard Target Retirement 2025 Fund
- Vanguard Target Retirement 2035 Fund
- Vanguard Target Retirement 2045 Fund
Upon enrollment in the Plan, Participants may direct contributions (as
permitted), in 1% increments, in any of the investment options, except for
the Reliant Energy Common Stock Fund which is closed to new contributions.
Participants should refer to the Plan prospectus for a detailed description
of each investment fund.
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.
Vesting and Forfeitures
Participants are vested immediately in all contributions plus actual
earnings thereon. As a result, there are no forfeitures available to reduce
employer contributions.
Participant Loans
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.
The loans are to be 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. Loans may be
repaid over a period of up to five years and are subject to a $25
origination fee. The minimum loan amount is $500. 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) the
Participant loans fund.
5
Payment of Benefits
Upon termination, 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-annually or annual
installments over a period of ten years or less. The Participant may have
the above selected distribution option paid in the form of cash, Company or
Reliant Energy common stock or in any combination.
Generally, to the extent a Participant has not requested a distribution by
the time he 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 Internal Revenue Code of 1986, as amended (Code). 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. A Participant who is
under age 59 1/2 and has less than five years of service who withdraws
matched after-tax contributions 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 the associated earnings.
Administration
The assets of the Plan are held in trust by The Northern Trust Company
(Trustee). Hewitt Associates 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. The Committee
retains an independent investment consultant to provide investment advice
with respect to the Funds. The fees charged by the Trustee and the
investment consultant are paid by the Trustee out of the Funds.
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. ACCOUNTING POLICIES
Basis of Accounting
The accompanying financial statements have been prepared in accordance with
accounting principles generally accepted in the United States of America.
Investment Valuation and Income Recognition
The Plan recognizes net appreciation or depreciation in the fair value of
its investments. Investments are reflected at fair value in the financial
statements except for stable value investments that are reflected at book
value (see Note 4). The fair value for securities are based on quoted
market prices in an active market. Fair value for mutual and institutional
funds are determined using the net asset value of each fund as of the
financial statement dates. 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. Participant loans are valued at cost,
which approximates fair value.
Payment of Benefits
Benefits are recorded when paid.
6
Use of Estimates
The preparation of financial statements in conformity with accounting
principles generally accepted in the United States of America requires Plan
management to make estimates and assumptions that affect the reported
amounts of net assets available for benefits and the changes therein as
well as certain disclosures. Actual results could differ from those
estimates.
Risks and Uncertainties
The Plan provides for investments in Company common stock, various 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.
3. INVESTMENTS
The following presents investments that represent five percent or more of
the Plan's net assets available for benefits.
DECEMBER 31,
---------------------------
2005 2004
------------ ------------
Company common stock, 27,720,006 and 27,565,537
shares, respectively $356,202,077 $311,490,568
Reliant Energy common stock, 8,766,917 and 10,070,967
shares 90,474,583 137,468,700
PIMCO Total Return Fund, 6,808,085 and 9,107,057
shares, respectively 71,484,891 97,172,302
Barclays Global Investors Equity Index Fund, 5,017,019
and 5,139,414 shares, respectively 89,704,294 87,524,213
During 2005 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 stocks $15,760,127
Common or collective trusts 16,452,097
Mutual funds 9,827,823
-----------
$42,040,047
===========
As detailed above, 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 fair value related to this security.
7
4. STABLE VALUE FUND
The Company has a Stable Value Fund that has investments in synthetic
guaranteed investment contracts as well as short and intermediate-term
fixed income investments. The contract value and fair value of the fund
were $120,196,385 and $118,053,146, respectively as of December 31, 2005.
Total interest income of the Stable Value Fund totaled $4,667,100 for the
year ended December 31, 2005.
The crediting interest rates ranged from 3.8% to 4.3% for the year ended
December 31, 2005. The fund's blended rate of return was 4.1% in 2005.
The crediting rates for synthetic contracts are reset quarterly and are
based on the market value of the underlying portfolio of assets backing
these contracts. Inputs used to determine the crediting rate include each
contract's portfolio value, current yield to maturity, duration and market
value relative to the synthetic contract's book value.
5. TAX STATUS
The Internal Revenue Service (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 Code.
Although the Plan has been amended and restated since receiving the
determination letter, the Plan administrator and the Plan sponsor's counsel
believe that the Plan is designed and is currently operated in compliance
with the applicable requirements of the Code.
6. RELATED PARTY TRANSACTIONS
During 2005, 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:
2005
------------
Purchases Company common stock $ 41,834,084
Northern Trust collective short-term investment fund 301,162,848
Sales Company common stock $ 37,490,737
Northern Trust collective short-term investment fund 304,000,076
7. TRANSFER OF PLAN ASSETS
In July 2004, the Company announced its agreement to sell its majority
owned subsidiary, Texas Genco Holdings, Inc. (Texas Genco), to Texas Genco
LLC (formerly known as GC Power Acquisition LLC), an entity owned in equal
parts by affiliates of the Blackstone Group, Hellman & Friedman LLC,
Kohlberg Kravis Roberts & Co. and Texas Pacific Group. Associated with the
sale agreement, the Company created a stand-alone savings plan for Plan
participants impacted by the Texas Genco sale and initiated during October
2004 a plan-to-plan asset transfer totaling $224,724,975.
During 2005, the Plan transferred an additional $203,937 in plan assets to
Texas Genco Savings Plan. The Committee believes that the asset transfer
was a tax-exempt transaction under the Code.
8
8. RECONCILIATION OF FINANCIAL STATEMENTS TO FORM 5500
In August 2005, the plan sponsor made an additional employer contribution
of $13,063,871 that is reflected on Form 5500 but not on the financial
statements as of and for the year ended December 31, 2004.
The following is a reconciliation of net assets available for benefits per
the financial statements to Form 5500:
DECEMBER 31, 2005 DECEMBER 31, 2004
----------------- -----------------
Net assets available for benefits per the
financial statements $1,218,433,600 $1,146,568,958
Employer contribution -- 13,063,871
-------------- --------------
Net assets available for benefits per Form 5500 $1,218,433,600 $1,159,632,829
============== ==============
The following is a reconciliation of the changes in net assets available
for benefits per the financial statements to Form 5500 for the year ended
December 31, 2005:
Employer contributions per the financial statements $ 47,545,008
Less: Employer contribution reflected on prior year Form 5500 (13,063,871)
------------
Employer contributions per Form 5500 $ 34,481,137
============
9. EXCESS CONTRIBUTIONS
Benefit payments of $81,799,043 for the plan year ended December 31, 2005
include distributions of $339,797 made to certain Participants to refund
excess deferral contributions to satisfy the relevant nondiscrimination
provisions of the Plan for the prior year. The Plan also expects to refund
$226,534 in 2006 related to excess contributions for plan year 2005.
9
CENTERPOINT ENERGY SAVINGS PLAN
EIN 74-0694415 PLAN 015
SCHEDULE H, LINE 4A
SCHEDULE OF DELINQUENT PARTICIPANT CONTRIBUTIONS
FOR THE YEAR ENDED DECEMBER 31, 2005
Total that constitute nonexempt prohibited transactions
Participant ---------------------------------------------------------------
contributions Contributions
transferred Contributions not Contributions pending correction Total corrected under
Plan Year late to plan corrected corrected outside VFCP in VFCP VFCP and PTE 2002-51
--------- ------------- ----------------- ---------------------- ------------------ ---------------------
2005 $67,412 -- $67,412 -- --
10
CENTERPOINT ENERGY SAVINGS PLAN
EIN 74-0694415 PLAN 015
SCHEDULE H, LINE 4I
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2005
(C) DESCRIPTION OF INVESTMENT INCLUDING
(B) IDENTITY OF ISSUE, BORROWER, MATURITY DATE, RATE OF INTEREST, (E) CURRENT
(A) LESSOR OR SIMILAR PARTY COLLATERAL, PAR OR MATURITY VALUE VALUE
--- ------------------------------------ --------------------------------------------- --------------
COMMON OR COLLECTIVE TRUSTS
BARCLAYS GLOBAL INVESTORS BGI EQUITY INDEX FUND $ 89,704,294
BARCLAYS GLOBAL INVESTORS BGI RUSSELL 1000 GROWTH FUND 25,983,637
BARCLAYS GLOBAL INVESTORS BGI RUSSELL 1000 VALUE FUND 32,700,208
BARCLAYS GLOBAL INVESTORS BGI RUSSELL 2000 INDEX FUND 8,332,971
CAPITAL GUARDIAN CAPITAL GUARDIAN INTERNATIONAL (NON-US)
EQUITY FUND 35,118,648
CAPITAL GUARDIAN CAPITAL GUARDIAN U.S. SMALL CAPITALIZATION
FUND 8,045,092
CAPITAL GUARDIAN CAPITAL GUARDIAN US GROWTH EQUITY FUND 43,199,868
MELLON BANK EB DAILY LIQUIDITY AGGREGATE BOND FUND 29,598,266
NORTHERN TRUST NORTHERN TRUST COLLECTIVE SHORT-TERM
INVESTMENT FUND 7,876,803
SEI SEI STABLE ASSET FUND 7,465,643
--------------
SUBTOTAL 288,025,430
--------------
COMMON STOCKS
AT ROAD INC COMMON STOCK 79,234
1ST REPUBLIC BANK CORP COMMON STOCK 203,555
ABBOT LABS COMMON STOCK 981,807
ABERCROMBIE & FITCH COMMON STOCK CLASS A 423,670
ABOBE SYTEMS INC COMMON STOCK 232,848
ACCENTURE LTD BERMUDA COMMON STOCK CLASS A 435,937
ACTUANT CORP COMMON STOCK CLASS A 117,180
ADVANCE AUTO PARTS INC COMMON STOCK 96,047
ADVANCED DIGITAL INFORMATION CORP COMMON STOCK 77,733
ADVANTA CORP COMMON STOCK CLASS A 162,200
ADVENT SOFTWARE INC COM STK COMMON STOCK 51,749
ADVISORY BOARD CO COMMON STOCK 48,147
AFFILIATED MANAGERS GROUP INC COMMON STOCK 121,980
AIR PRODUCTS & CHEMICALS INC COMMON STOCK 290,031
AKAMAI TECHNOLOGIES INC COM STK COMMON STOCK 136,919
ALAMOSA HOLDINGS INC COMMON STOCK 789,064
ALERIS INTL INC COM COM COMMON STOCK 82,534
ALEXANDER & BALDWIN INC COM COMMON STOCK 111,192
ALEXANDRIA REAL ESTATE EQUITIES INC COMMON STOCK 143,290
ALLEGHENY TECHNOLOGIES INC COMMON STOCK 85,149
ALLETE INC COMMON STOCK 108,680
ALLIANCE DATA SYSTEMS CORP COMMON STOCK 65,504
ALTERA CORP COMMON STOCK 528,105
ALTRIA GROUP INC COMMON STOCK 911,584
AMERCO COMMON STOCK 164,274
AMERICAN INTERNATIONAL GROUP INC COMMON STOCK 798,291
AMERITRADE HOLDING CORP COMMON STOCK 180,000
AMERN COMMERCIAL LINES INC COMMON STOCK 118,434
11
CENTERPOINT ENERGY SAVINGS PLAN
EIN 74-0694415 PLAN 015
SCHEDULE H, LINE 4I
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2005
(C) DESCRIPTION OF INVESTMENT INCLUDING
(B) IDENTITY OF ISSUE, BORROWER, MATURITY DATE, RATE OF INTEREST, (E) CURRENT
(A) LESSOR OR SIMILAR PARTY COLLATERAL, PAR OR MATURITY VALUE VALUE
--- ------------------------------------ --------------------------------------------- --------------
AMETEK INC NEW COM COMMON STOCK 78,274
AMGEN INC COMMON STOCK 1,127,698
AMLYLIN PHARMACEUTICALS INC COMMON STOCK 319,360
AMR CORP COMMON STOCK 82,918
ANALOGIC CORP COMMON STOCK PAR $.05 173,695
APEX SILVER MINE LTD COM STK COMMON STOCK 97,944
APOLLO INVESTMENT CORP COMMON STOCK 81,044
AQUA AMERICA INC COMMON STOCK 113,459
AQUANTIVE INC COMMON STOCK 82,787
ARCH COAL INC COMMON STOCK 103,350
ARRIS GROUP INC COMMON STOCK 49,717
ASTEC INDS INC COMMON STOCK 107,451
ATMI INC COMMON STOCK 53,423
AVERY DENNISON CORP COMMON STOCK 386,890
AVIALL INC COMMON STOCK 59,328
BALL CORP COMMON STOCK 452,808
BANK OF HAWAII CORP COMMON STOCK 76,279
BAXTER INTERNATIONAL INC COMMON STOCK 606,165
BENCHMARK ELECTRONICS INC COMMON STOCK 57,171
BEVERLY HILLS BANCORP COMMON STOCK 45,524
BIOMED REALTY TRUST INC COMMON STOCK 125,660
BISYS GROUP INC COMMON STOCK 330,636
BLUE COAT SYSTEMS INC COMMON STOCK 48,463
BOEING CO COMMON STOCK 575,968
BRIGHTPOINT INC COMMON STOCK 175,947
BROADCOM CORP COMMON STOCK CLASS A 424,350
C H ROBINSON WORLDWIDE INC COMMON STOCK 436,954
CANADIAN NATIONAL RAILWAY CO COMMON STOCK 383,952
CAPITALSOURCE INC COMMON STOCK 745,920
CARDINAL HEALTH INC COMMON STOCK 859,375
CARRIZO OIL & GAS INC COMMON STOCK 48,184
CASEYS GEN STORES INC COMMON STOCK 151,032
CATERPILLAR INC COMMON STOCK 410,167
CB RICHARD ELLIS GROUP INC COMMON STOCK CLASS A 98,279
* CENTERPOINT ENERGY INC COMMON STOCK 356,202,077
CEPHALON INC COMMON STOCK 622,799
CERNER CORP COMMON STOCK 130,001
CHEESECAKE FACTORY INC COMMON STOCK 75,902
CLEVELAND CLIFFS COMMON STOCK PAR $1.00 139,941
CNET NETWORKS INC COMMON STOCK 96,513
COGENT INC COMMON STOCK 46,721
COLDWATER CREEK INC COMMON STOCK 81,515
COLONIAL BANCGROUP INC COMMON STOCK 64,552
COLUMBIA EQUITY TRUST INC COMMON STOCK 93,993
COMCAST CORP COMMON STOCK CLASS A 159,278
COMMUNITY HEALTH SYSTEMS INC COMMON STOCK 101,601
COMPUWARE CORP COMMON STOCK 283,452
12
CENTERPOINT ENERGY SAVINGS PLAN
EIN 74-0694415 PLAN 015
SCHEDULE H, LINE 4I
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2005
(C) DESCRIPTION OF INVESTMENT INCLUDING
(B) IDENTITY OF ISSUE, BORROWER, MATURITY DATE, RATE OF INTEREST, (E) CURRENT
(A) LESSOR OR SIMILAR PARTY COLLATERAL, PAR OR MATURITY VALUE VALUE
--- ------------------------------------ --------------------------------------------- --------------
COMSTOCK RESOURCES INC COMMON STOCK 154,381
CONSOLIDATED GRAPHICS INC COMMON STOCK 126,398
CONSTELLATION BRANDS COMMON STOCK CLASS A 1,537,078
CON-WAY INC COMMON STOCK 363,285
CORNING INC COMMON STOCK 988,898
CORPORATE OFFICE PROPERTIES TRUST COMMON STOCK 128,655
COVANCE INC COMMON STOCK 93,701
COVANTA HOLDINGS CORP COMMON STOCK 111,745
CROWN CASTLE INTL CORP COMMON STOCK 54,896
CROWN HLDGS INC COMMON STOCK 100,384
DADE BEHRING HLDGS INC COMMON STOCK 106,723
DAVITA INC COMMON STOCK 102,799
DELL INC COMMON STOCK 1,367,544
DELPHI FINANCIAL GROUP INC COMMON STOCK CLASS A 89,259
DIAMOND FOODS INC COMMON STOCK 60,496
DOMINOS PIZZA INC COMMON STOCK 121,484
DRESS BARN INC COMMON STOCK 58,301
DRS TECHNOLOGIES INC COMMON STOCK 121,351
DST SYSTEMS INC COMMON STOCK 527,208
DSW INC COMMON STOCK CLASS A 96,490
E W BANCORP INC COMMON STOCK 70,061
EASTGROUP PROPERTIES INC COMMON STOCK 146,318
EATON VANCE CORP COMMON STOCK NON-VOTING 62,654
EDO CORP COMMON STOCK 97,687
EL PASO ELECTRIC CO COMMON STOCK 106,462
ELAN CORP PLC ADR 126,763
ELECTRONIC ARTS INC COMMON STOCK 627,720
ELECTRONICS FOR IMAGING INC COMMON STOCK 104,843
ELI LILLY & CO COMMON STOCK 848,850
ENDO PHARMACEUTICALS HOLDINGS INC COMMON STOCK 132,236
ENERGEN CORP COMMON STOCK 87,168
F5 NETWORKS INC COMMON STOCK 82,354
FAIRCHILD SEMICONDUCTOR INTL INC COMMON STOCK 568,007
FDRY NETWORKS INC COMMON STOCK 163,648
FIDELITY BANKSHARES INC COMMON STOCK 146,169
FIDELITY BANKSHARES INC COMMON STOCK 93,195
FL ROCK INDS INC COMMON STOCK 63,778
FLOWERS FOODS INC COMMON STOCK 118,784
FORREST LAB INC COMMON STOCK 532,908
FOSTER WHEELER LTD COMMON STOCK 55,538
FOUNDATION COAL HOLDINGS INC COMMON STOCK 142,880
FPIC INSURANCE GROUP INC COMMON STOCK 126,308
FREESCALE SEMICONDUCTOR INC COMMON STOCK CLASS B 25
FREIGHTCAR AMERICA INC COMMON STOCK 61,062
FTI CONSULTING INC COMMON STOCK 190,159
GAMESTOP CORP COMMON STOCK CLASS A 71,913
GAP INC COMMON STOCK 195,804
13
CENTERPOINT ENERGY SAVINGS PLAN
EIN 74-0694415 PLAN 015
SCHEDULE H, LINE 4I
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2005
(C) DESCRIPTION OF INVESTMENT INCLUDING
(B) IDENTITY OF ISSUE, BORROWER, MATURITY DATE, RATE OF INTEREST, (E) CURRENT
(A) LESSOR OR SIMILAR PARTY COLLATERAL, PAR OR MATURITY VALUE VALUE
--- ------------------------------------ --------------------------------------------- --------------
GARDNER DENVER INC COMMON STOCK 134,589
GASCO ENERGY INC COMMON STOCK 37,613
GATX CORP COMMON STOCK 66,387
GAYLORD ENTERTAINMENT CO COMMON STOCK 92,411
GEN CABLE CORP COMMON STOCK 56,539
GENERAL ELECTRIC CO COMMON STOCK 2,124,030
GERBER SCIENTIFIC INC COMMON STOCK 117,137
GILEAD SCIENCES INC COMMON STOCK 515,774
GLOBAL PAYMENTS INC COMMON STOCK 179,448
GMX RESOURCES INC COMMON STOCK 75,240
GOLDEN WEST FINANCIAL CORP COMMON STOCK 660,000
GOOGLE INC COMMON STOCK CLASS A 985,293
GRANT PRIDECO INC COMMON STOCK 62,209
GREENHILL & CO INC COMMON STOCK 126,360
GRIFFON CORP COMMON STOCK 157,384
GYMBOREE CORP COMMON STOCK 73,008
HALLIBURTON CO COMMON STOCK 805,480
HANMI FINANCIAL CORP COMMON STOCK 53,759
HANOVER INSURANCE GROUP INC COMMON STOCK 141,600
HANSEN NATURAL CORP COMMON STOCK 102,453
HARSCO CORP COMMON STOCK 95,864
HAWK CORP COMMON STOCK CLASS A 126,309
HCC INS HOLDINGS INC COMMON STOCK 100,615
HEIDRICK & STRUGGLES INTL INC COMMON STOCK 60,254
HERBALIFE LTD COMMON STOCK 70,894
HERITAGE COMM CORP COMMON STOCK 150,070
HERSHEY CO COMMON STOCK 331,500
HORIZON HEALTH CORP COMMON STOCK 40,055
HYDRIL CO COMMON STOCK 130,208
ILLINOIS TOOL WORKS INC COMMON STOCK 527,940
INDYMAC BANCORP INC COMMON STOCK 491,652
INTEL CORP COMMON STOCK 1,170,624
INTERGRAPH CORP COMMON STOCK 67,243
INTERNATIONAL BUSINESS MACHINES CORP COMMON STOCK 937,080
INTRADO INC COMMON STOCK 43,278
INVESTMENT TECHOLOGY GROUP INC COMMON STOCK 153,101
ITRON INC COMMON STOCK 60,861
JACOBS ENGR GROUP INC COMMON STOCK 71,942
JARDEN CORP COMMON STOCK 61,807
JDS UNIPHASE CORP COMMON STOCK 99,993
JEFFERIES GROUP INC COMMON STOCK 52,177
JLG INDUSTRIES INC COMMON STOCK 80,818
JONES LANG LASALLE INC COMMON STOCK 90,630
JOY GLOBAL INC COMMON STOCK 165,600
KAMAN CORP COMMON STOCK 98,647
KANSAS CITY SOUTHERN COMMON STOCK 75,489
KEYSTONE AUTOMOTIVE INDUSTIRES INC COMMON STOCK 96,644
14
CENTERPOINT ENERGY SAVINGS PLAN
EIN 74-0694415 PLAN 015
SCHEDULE H, LINE 4I
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2005
(C) DESCRIPTION OF INVESTMENT INCLUDING
(B) IDENTITY OF ISSUE, BORROWER, MATURITY DATE, RATE OF INTEREST, (E) CURRENT
(A) LESSOR OR SIMILAR PARTY COLLATERAL, PAR OR MATURITY VALUE VALUE
--- ------------------------------------ --------------------------------------------- --------------
KILROY REALTY CORP COMMON STOCK 187,557
KIRBY CORP COMMON STOCK 111,122
KOHLS CORP COMMON STOCK 840,780
LADISH INC COMMON STOCK 120,243
LAIDLAW INTL INC COMMON STOCK 77,356
LAM RESEARCH CORP COMMON STOCK 50,666
LANCE INC COMMON STOCK 108,613
LAS VEGAS SANDS CORP COMMON STOCK 335,495
LASALLE HOTEL PROPERTIES COMMON STOCK 75,276
LEAP WIRELESS INTL INC COMMON STOCK 103,412
LENNOX INTL INC COMMON STOCK 107,442
LIBERTY GLOBAL INC COMMON STOCK SERIES A 312,750
LIBERTY GLOBAL INC COMMON STOCK SERIES C 294,680
LIONBRIDGE TECHNOLOGIES INC COMMON STOCK 61,004
LOCKHEAD MARTIN CORP COMMON STOCK 254,520
LONE STAR TECHNOLOGIES INC COMMON STOCK 127,600
MAGUIRE PPTYS INC COMMON STOCK 117,420
MARKETAXESS HOLDINGS INC COMMON STOCK 132,016
MCDERMOTT INTL INC COMMON STOCK PAR $1.00 128,923
MCKESSON CORP COMMON STOCK 1,104,026
MDU RESOURCES GROUP INC COMMON STOCK 64,498
MEDTRONIC INC COMMON STOCK 995,961
MERCURTY INTERACTIVE CORP COMMON STOCK 575,253
MERITAGE HOMES CORP COMMON STOCK 780,208
MICHAELS STORES INC COMMON STOCK 509,328
MICROSEMI CORP COMMON STOCK 89,065
MICROSOFT CORP COMMON STOCK 1,948,175
MILLENNIUM PHARMACEUTICALS INC COMMON STOCK 595,580
MONEYGRAM INTL INC COMMON STOCK 83,978
MONSTER WORLDWIDE INC COMMON STOCK 119,194
MPS GROUP INC COMMON STOCK 60,968
NAM TAI ELECTRONICS INC COMMON STOCK PAR $.01 78,525
NASDAQ STK MKT INC COMMON STOCK 526,293
NELNET INC COMMON STOCK CLASS A 85,835
NET 1 UEPS TECHNOLOGIES INC COMMON STOCK 77,030
NII HLDGS INC COMMON STOCK CLASS B 164,237
NIKE INC COMMON STOCK CLASS B 381,876
NOBLE ENERGY INC COMMON STOCK 419,120
NOKIA CORP ADR 1,196,820
NORDSON CORP COMMON STOCK 118,694
OFFICE DEPOT INC COMMON STOCK 342,260
OHIO CAS CORP COMMON STOCK 133,954
OIL STS INTL INC COMMON STOCK 150,163
OMNICARE INC COMMON STOCK 157,355
OMNICOM GROUP INC COMMON STOCK 263,903
OPENWAVE SYS INC COMMON STOCK 91,368
OREGON STL MLS INC COMMON STOCK 197,408
15
CENTERPOINT ENERGY SAVINGS PLAN
EIN 74-0694415 PLAN 015
SCHEDULE H, LINE 4I
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2005
(C) DESCRIPTION OF INVESTMENT INCLUDING
(B) IDENTITY OF ISSUE, BORROWER, MATURITY DATE, RATE OF INTEREST, (E) CURRENT
(A) LESSOR OR SIMILAR PARTY COLLATERAL, PAR OR MATURITY VALUE VALUE
--- ------------------------------------ --------------------------------------------- --------------
ORIENT-EXPRESS HOTELS COM COMMON STOCK 113,472
OSHKOSH TRUCK CORP COMMON STOCK 43,698
PHH CORP COM COMMON STOCK 118,525
PHOENIX COMPANIES INC COMMON STOCK 111,575
PIONEER DRILLING CO COMMON STOCK 119,593
PLATINUM UNDERWRITERS HOLDINGS INC COMMON STOCK PAR $.01 150,068
PLAYTEX PRODS INC COMMON STOCK 48,802
POLO RALPH LAUREN CORP COMMON STOCK CLASS A 135,859
POLYMEDICA CORP COMMON STOCK 88,696
POWERWAVE TECHNOLOGIES INC COMMON STOCK 75,294
PRIVATEBANCORP INC COMMON STOCK 58,691
PROCTER & GAMBLE CO COMMON STOCK 2,295,926
PROVIDENT BANKSHARES CORP COMMON STOCK 87,127
QUALCOMM INC COMMON STOCK 1,107,156
R H DONNELLEY CORP COMMON STOCK 132,483
RANGE RES CORP COMMON STOCK 129,988
RC2 CORP COMMON STOCK 51,859
RED HAT INC COMMON STOCK 56,659
RELIANT ENERGY INC COMMON STOCK 90,474,583
RES CONNECTION INC COMMON STOCK 70,362
RESMED INC COMMON STOCK 106,502
RESOURCES CONNECTION INC COMMON STOCK 469,080
ROCKWELL COLLINS INC COMMON STOCK 181,233
ROPER INDS INC COMMON STOCK 118,925
ROYAL CARIBBEAN CRUISES COMMON STOCK 423,564
SAFENET INC COMMON STOCK 68,951
SALESFORCE.COM INC COMMON STOCK 112,816
SCHEIN HENRY INC COMMON STOCK 77,243
SCHERING-PLOUGH CORP COMMON STOCK 1,442,820
SCIENTIFIC GAMES CORP COMMON STOCK 88,387
SCRIPPS E W INC COMMON STOCK CLASS A 283,318
SEALED AIR CORP COMMON STOCK 269,616
SEI INVTS CO COMMON STOCK 95,830
SELECTIVE INSURANCE GROUP INC COMMON STOCK 66,906
SIGNATURE BANK COMMON STOCK 122,666
SILICON LABORATORIES INC COMMON STOCK 90,917
SOUND FEDERAL BANCORP INC COMMON STOCK 75,063
SOUTHWESTER AIRLINES CO COMMON STOCK 257,951
SOUTHWESTERN ENERGY CO COMMON STOCK 97,038
SPRINT-NEXTEL CORP COMMON STOCK 23
STAPLES INC COMMON STOCK 1,130,958
STATE STREET CORP COMMON STOCK 343,728
STD MICROSYSTEMS CORP COMMON STOCK 113,326
SUNSTONE HOTEL INVESTORS INC COMMON STOCK 80,241
SVB FINANCIAL GROUP COMMON STOCK 129,278
TALBOTS INC COMMON STOCK 178,048
TARGET CORP COMMON STOCK 175,904
16
CENTERPOINT ENERGY SAVINGS PLAN
EIN 74-0694415 PLAN 015
SCHEDULE H, LINE 4I
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2005
(C) DESCRIPTION OF INVESTMENT INCLUDING
(B) IDENTITY OF ISSUE, BORROWER, MATURITY DATE, RATE OF INTEREST, (E) CURRENT
(A) LESSOR OR SIMILAR PARTY COLLATERAL, PAR OR MATURITY VALUE VALUE
--- ------------------------------------ --------------------------------------------- --------------
TAYLOR CAP GROUP INC COMMON STOCK 82,820
TEKTRONIX INC COMMON STOCK 169,260
TELLABS INC COMMON STOCK 94,503
TESORO TESORO CORP 90,478
T-HQ INC COMMON STOCK 111,737
TIDEWATER INC COMMON STOCK 52,463
TIM PARTICIPACOES S A ADR 49,043
TIME WARNER INC COMMON STOCK 191,840
TITANIUM METALS CORP COMMON STOCK 72,116
TODCO COMMON STOCK CLASS A 73,075
TOO INC COMMON STOCK 102,402
TRANSACTION SYSTEMS ARCHITECTS INC COMMON STOCK 54,125
TRIDENT MICROSYSTEMS INC COMMON STOCK 81,180
UMB FINANCIAL CORP COMMON STOCK 109,925
UNITED AMERIC INDEMITY LTD COMMON STOCK 109,793
UNITED TECHNOLOGIES CORP COMMON STOCK 665,329
UNITEDHEALTH GROUP INC COMMON STOCK 1,323,582
UNITEDTHERAPEUTICS CORP COMMON STOCK 53,914
URBAN OUTFITTERS INC COM COMMON STOCK 65,047
VALUECLICK INC COMMON STOCK 70,629
VARIAN SEMICONDUCTOR EQUIPMENT ASSOC
INC COMMON STOCK 173,963
VIRGINIA COMMERCE BANCORP INC COMMON STOCK 110,251
VIROPHARMA INC COMMON STOCK 74,386
WA GROUP INTL INC COMMON STOCK 143,019
WABTEC CORP COMMON STOCK 105,986
WALTER INDS INC COMMON STOCK 375,386
WD 40 CO COMMON STOCK 77,730
WELLCARE HLTH PLANS INC COMMON STOCK 108,253
WESCO INTL INC COMMON STOCK 130,754
WEST PHARMACEUTICAL SERVICES INC COMMON STOCK 132,158
WESTERN GAS RESOURCES INC COMMON STOCK 52,741
WILLIAMS SONOMA INC COMMON STOCK 100,971
WINTRUST FINANCIAL CORP COMMON STOCK 79,056
WITNESS SYS INC COMMON STOCK 75,533
WOLVERINE WORLD WIDE INC COMMON STOCK 83,102
WORLD FUEL SERVICE COMMON STOCK PAR $.01 44,173
WSFS FINANCIAL CORP COMMON STOCK 80,238
XEROX CORP COMMON STOCK 564,025
XM SATELLITE RADIO HOLDINGS COMMON STOCK CLASS A 341,000
XTO ENERGY INC COMMON STOCK 333,944
YAHOO INC COMMON STOCK 952,074
YUM BRANDS INC COMMON STOCK 375,040
--------------
SUBTOTAL 523,031,776
--------------
17
CENTERPOINT ENERGY SAVINGS PLAN
EIN 74-0694415 PLAN 015
SCHEDULE H, LINE 4I
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2005
(C) DESCRIPTION OF INVESTMENT INCLUDING
(B) IDENTITY OF ISSUE, BORROWER, MATURITY DATE, RATE OF INTEREST, (E) CURRENT
(A) LESSOR OR SIMILAR PARTY COLLATERAL, PAR OR MATURITY VALUE VALUE
--- ------------------------------------ --------------------------------------------- --------------
MUTUAL FUNDS
ADVISORS INNER CIRCLE LSV VALUE EQUITY FUND 43,628,680
ISHARES RUSSELL 1000 GROWTH INDEX FUND 907,978
LOOMIS SAYLES LOOMIS SAYLES FIXED INCOME FUND 30,299,384
PIMCO PIMCO TOTAL RETURN FUND 71,484,891
SELECTIVE AMERICAN SHARES SELECTED AMERICAN SHARES FUND 53,738,398
TEMPLETON INVESTMENTS TEMPLETON INSTITUTIONAL FOREIGN EQUITIES FUND 22,642,219
VANGUARD VANGUARD TARGET RETIREMENT FUND 1,920,907
VANGUARD VANGUARD TARGET RETIREMENT FUND 2005 3,318,335
VANGUARD VANGUARD TARGET RETIREMENT FUND 2015 6,906,245
VANGUARD VANGUARD TARGET RETIREMENT FUND 2025 3,908,820
VANGUARD VANGUARD TARGET RETIREMENT FUND 2035 1,620,344
VANGUARD VANGUARD TARGET RETIREMENT FUND 2045 992,452
--------------
SUBTOTAL 241,368,653
--------------
SYNTHETIC GUARNTEED INVESTMENT
CONTRACTS
DWIGHT ASSET MANAGEMENT SYNTHETIC GIC 4.41% UNDERLYING INVESTMENTS 54,644,214
STATE STREET BANK SYNTHETIC GIC 4.41% WRAP CONTRACT 1,071,555
DWIGHT ASSET MANAGEMENT SYNTHETIC GIC 4.35% UNDERLYING INVESTMENTS 54,650,762
TRANSAMERICA SYNTHETIC GIC 4.35% WRAP CONTRACT 1,071,684
--------------
SUBTOTAL 111,438,215
--------------
--------------
TOTAL PLAN INVESTMENTS $1,163,864,074
==============
--------------
VARIOUS PARTICIPANTS PARTICIPANT LOANS, INTEREST RATE 4.0% -10.5% $ 34,276,549
==============
* PARTY IN INTEREST
HISTORICAL COST INFORMATION COLUMN (D) IS NOT PRESENTED ON THIS SCHEDULE SINCE
THE INVESTMENTS DISPLAYED ARE PARTICIPANT DIRECTED.
18
SIGNATURE
THE PLAN. 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/ Byron R. Kelley
-------------------------------------
(Byron R. Kelley, Chairman of the
Benefits Committee of CenterPoint
Energy, Inc., Plan Administrator)
June 19, 2006
19
EXHIBIT INDEX
23 Consent of McConnell & Jones, LLP