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Centerpoint Exits Ohio, Dayton Natural Gas Market in $2.6b Sale
The $2.62 billion sale includes 5,900 miles of pipeline serving 335,000 Ohio customers and supports CenterPoint's reinvestment in other states, National Fuel said.
- CenterPoint Energy announced the sale of its Ohio natural gas business to National Fuel Gas Company for $2.62 billion, including about 5,900 miles of pipeline serving roughly 335,000 customers.
- To fund its capital plan, CenterPoint Energy will reinvest proceeds into its electric and natural gas businesses in Texas, Indiana and Minnesota as part of a refreshed 10-year capital plan.
- The companies said the deal will close in the fourth quarter of next year pending regulatory reviews, with CenterPoint receiving $1.4 billion in 2026 and $1.2 billion in 2027 under the payment agreement and valuation multiples 1.9 and 1.6.
- National Fuel Gas Company says the acquisition will add regulated scale, nearly doubling rate base to $3.2 billion and serving approximately 1.1 million customers, boosting cash flow and shareholder dividends.
- Executives said on the announcement call that CenterPoint natural gas employees and National Fuel leaders will focus on delivering a seamless transition and the transaction will be further discussed during a conference call on Tuesday.
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Leaning Left1Leaning Right1Center5Last UpdatedBias Distribution72% Center
Bias Distribution
- 72% of the sources are Center
72% Center
14%
C 72%
14%
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