CenterPoint Energy completes $2.62 billion sale of Ohio gas unit to National Fuel Gas
CenterPoint Energy closed the sale of its Ohio natural‑gas distribution business, Vectren Energy Delivery of Ohio, to National Fuel Gas Company for $2.62 billion. The transaction includes about 5,900 miles of pipelines serving roughly 335,000 metered customers. CenterPoint said the cash will be used to fund its $66.7 billion, 10‑year capital plan for its remaining utility footprint in Texas, Indiana and Minnesota.
Why it matters
CenterPoint will apply the proceeds to its long‑term capital program, which could boost investment in electric and gas infrastructure in its core regions. National Fuel Gas gains a sizable regulated gas‑utility operation in Ohio, expanding its service territory beyond New York and Pennsylvania.
Key facts
- 1The sale price was $2.62 billion. investing.com
- 2The divested assets comprise approximately 5,900 miles of gas transmission and distribution pipelines. investing.com
- 3The pipelines serve about 335,000 metered customers in West Central Ohio. investing.com
- 4CenterPoint plans to allocate the proceeds to a $66.7 billion, 10‑year capital plan. investing.com
- 5As of June 30 2026, CenterPoint owned roughly $48.3 billion in assets. investing.com
- 6CenterPoint employs approximately 8,800 people. investing.com
Summary written by AlphAI from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.