CenterPoint Energy will sell its natural gas distribution unit in Ohio to National Fuel Gas for $2.62 billion, as the U.S. utility focuses on its core regulated electric and gas operations in other states.
Assets include about 5,900 miles of transmission and distribution pipeline in Ohio serving about 335,000 metered customers, CenterPoint said on Tuesday.
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The deal value represents roughly 1.9 times the unit’s 2024 rate base, CenterPoint … [257 chars]
Source: Reuters | Published: 2025-10-21T10:40:09Z
Credit: Reuters
