HOUSTON, July 26, 2012 /PRNewswire/ -- CenterPoint Energy, Inc. (NYSE: CNP) has elected to increase the Early Exchange Ratio to 100 percent during the pendency of AOL Inc.'s modified "Dutch auction" tender offer to repurchase shares of its common stock up to an aggregate purchase price of $400 million, which AOL Inc. commenced on June 28, 2012, rather than make a Reference Share Offer Adjustment and distribute Additional Interest, if any, in accordance with the terms of CenterPoint Energy, Inc.'s 2.0 percent Zero-Premium Exchangeable Subordinated Notes due 2029 (ZENS). (Logo: http://photos.prnewswire.com/prnh/20020930/CNPLOGO) According to AOL Inc.'s June 28, 2012, press release, its modified "Dutch auction" tender offer will expire at 5 p.m., New York City time, on August 2, 2012, unless extended or earlier terminated by AOL Inc. As of the date of this press release, the reference shares for each ZENS note consist of 0.5 share of Time Warner Inc. common stock, 0.125505 share of Time Warner Cable Inc. common stock and 0.045455 share of AOL Inc. common stock. Capitalized terms not otherwise defined in this press release have the meanings given to such terms in the Indenture governing the ZENS. CenterPoint Energy, Inc., headquartered in Houston, Texas, is a domestic energy delivery company that includes electric transmission & distribution, natural gas distribution, competitive natural gas sales and services, interstate pipelines and field services operations. The company serves more than five million metered customers primarily in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma and Texas. This news release includes forward-looking statements. Actual events and results may differ materially from those projected. The statements in this news release regarding future events, including AOL Inc.'s tender offer, and other statements that are not historical facts are forward-looking statements that involve risks and uncertainties including market conditions and other factors discussed in CenterPoint Energy's Form 10-K for the fiscal year ended December 31, 2011, CenterPoint Energy's Form 10-Q for the quarter ended March 31, 2012, and CenterPoint Energy's other filings with the Securities and Exchange Commission. For more information contact Media:Leticia LowePhone 713.207.7702 Investors: Marianne PaulsenPhone 713.207.6500 SOURCE CenterPoint Energy, Inc.