CenterPoint Energy completes sale of its Ohio natural gas business to National Fuel Gas Company for $2.62 billion
Key Highlights
- ➤CenterPoint Energy (CNP) completes $2.62 billion sale of Ohio natural gas business
- ➤National Fuel Gas (NFG) assumes responsibility for 335,000 former Ohio customers
- ➤Ohio assets include approximately 5,900 miles of gas transmission and distribution pipeline
- ➤Proceeds will support CenterPoint's $66.7 billion, 10-year capital plan
Expert Statements
Jason Wells, Chair and Chief Executive Officer of CenterPoint Energy
“The proceeds from this transaction will help support the efficient funding of our $66.7 billion, 10-year capital plan and our continued efforts to enhance the resiliency and reliability or our infrastructure and facilitate economic growth during one of the most dynamic periods in our industry's history while helping keep bills as low as possible.”
Jason Wells, Chair and Chief Executive Officer of CenterPoint Energy
“We remain focused on executing our long-term strategy and investing in the electric and natural gas systems that serve the customers and communities across our core utility footprint.”
CenterPoint Energy completes sale of its Ohio natural gas business to National Fuel Gas Company for $2.62 billion PR Newswire
HOUSTON, Oct. 1, 2026 /PRNewswire/ -- CenterPoint Energy, Inc. (NYSE: CNP) ("CenterPoint" or the "Company") today announced that it has successfully completed the previously announced $2.62 billion sale of its Ohio natural gas Local Distribution Company (LDC) business, Vectren Energy Delivery of Ohio, LLC, to National Fuel Gas Company (NYSE: NFG), which is headquartered in Western New York. The assets include approximately 5,900 miles of gas transmission and distribution pipeline serving approximately 335,000 metered customers in West Central Ohio.
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