Deal Description: On June 29, 2023, SIGECO Securitization I, LLC (the “Issuer”), a wholly owned subsidiary of Southern Indiana Gas and Electric Company (“SIGECO”), closed its registered offering and sale of $341,450,000 aggregate principal amount of its Series 2023-A Senior Secured Securitized Bonds (the “Bonds”). The Bonds were issued pursuant to a financing order issued by the Indiana Utility Regulatory Commission (the “Indiana Commission”) under Senate Enrolled Act 386, adopted by the Indiana General Assembly in 2021, and are secured by securitization property consisting of the right to bill and collect securitization charges from all retail consumers receiving electric service from SIGECO as of the date of the financing order and any future retail electric customers during the term of the Bonds. The Bonds were offered pursuant to the Prospectus dated June 21, 2023.

The net proceeds from the sale of the Bonds will be paid to SIGECO by the Issuer to reimburse SIGECO for qualified costs approved by the Indiana Commission related to the planned retirements of certain coal-powered electric generation units.

Barclays Capital Inc. and Citigroup Global Markets Inc. served as Representatives of the underwriters.

SIGECO, an Indiana corporation and indirect wholly owned subsidiary of CenterPoint Energy, Inc., provides energy delivery services to electric and natural gas customers located in and near Evansville in southwestern Indiana and owns and operates electric generation assets to serve its electric customers and optimizes those assets in the wholesale power market.

Client: Southern Indiana Gas and Electric Company

Outside Counsel to the Underwriters: Hunton Andrews Kurth LLP

Value: $341,450,000

Baker Botts Lawyers/Office Involved:

• Corporate: Tim Taylor (Partner; Houston); Jamie Yarbrough (Partner; Houston); Clint Rancher (Partner; Houston); William Stutts (Senior Counsel; Austin); Robert Cowan (Associate; Houston); Sarah Dyer (Associate; Houston)
• Tax: Michael Bresson (Partner; Houston); Jared Meier (Senior Associate; Houston); Phillip Clifton (Associate; Houston)
• Litigation: Aaron Streett (Partner; Houston); Mark Little (Special Counsel; Houston)

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