CenterPoint Energy Completes Sale of Louisiana and Mississippi Natural Gas Distribution Businesses

Details

completed the sale of its natural gas distribution utilities in Louisiana and Mississippi to affiliates of Bernhard Capital Partners. The transaction, valued at approximately $1.2 billion, includes approximately 12,000 miles of main pipeline serving around 380,000 metered customers. Delta Utilities, based in New Orleans, will assume responsibility for serving these customers. The sale was announced via a press release and received all necessary regulatory approvals.

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About CenterPoint Energy Inc.

CenterPoint Energy Inc. is a publicly traded utility company providing energy delivery and related services across several states in the United States. It primarily operates in the utilities sector, focusing on electric transmission and distribution, as well as natural gas distribution. CenterPoint Energy serves millions of customers, ensuring they receive reliable and affordable energy solutions. The company plays a vital role in maintaining and upgrading the fundamental infrastructure that supports electricity and gas delivery, essential for residential, commercial, and industrial clients. Headquartered in Houston, Texas, CenterPoint Energy is also involved in the transition to cleaner energy sources, contributing to initiatives in renewable energy and sustainability. Its strategic endeavors include modernizing grids and enhancing system resilience to meet growing energy demands. As a major player in the utility market, CenterPoint Energy offers critical energy services that support economic development and quality of life in the regions it serves.