CenterPoint Energy Inc.
CenterPoint Energy to Sell Ohio Gas Business to National Fuel for $2.62 Billion
Summary
CenterPoint Energy Resources Corp., a subsidiary of CenterPoint Energy, Inc., has entered into a Securities Purchase Agreement to sell its Ohio natural gas business, Vectren Energy Delivery of Ohio, LLC, to National Fuel Gas Company for $2.62 billion. The transaction includes a cash payment of $1.42 billion and a seller promissory note for $1.2 billion, expected to close in Q4 2026. The sale is subject to customary closing conditions and regulatory approvals. CenterPoint will remain focused on its regulated electric and natural gas businesses in other states.
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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.
Official SEC Documents
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