Oct. 21 at 5:15 PM
(NYSE:
$CNP) (NYSE:
$NFG)
CenterPoint Energy is selling its Ohio natural gas business, Vectren Energy Delivery of Ohio, to National Fuel Gas Company for
$2.62 billion. The sale covers about 5,900 miles of pipeline serving 335,000 customers. Proceeds, expected in 2026 and 2027, will fund investments in CenterPoint’s priority markets in Texas, Indiana, and Minnesota. The deal, pending regulatory approval, supports CenterPoint’s strategy to focus on higher-growth regions and improve earnings quality.
https://prismmarketview.com/centerpoint-energy-to-divest-ohio-gas-business-for-2-62-billion-sharpening-strategic-focus/