CENTERPOINT TO SELL OHIO GAS BUSINESS TO NATIONAL FUEL FOR $2.62BN
https://s.yimg.com/ny/api/res/1.2/.hwZN9pVrXBXrR_sDGt2nQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD02NzU-/https://media.zenfs.com/en/offshore_technology_431/1076bfc51cefad4ae5a4efc14e00b023
✍️ CenterPoint Energy has agreed to sell its Ohio natural gas distribution business, Vectren Energy Delivery of Ohio, to National Fuel Gas Company for $2.62 billion.
👉 CenterPoint Energy sells its Ohio natural gas distribution business to National Fuel Gas Company for $2.62 billion 👉 Transaction involves approximately 5,900 miles of pipeline in Ohio, servicing around 335,000 customers 👉 CenterPoint will receive $1.42 billion in proceeds upon closing and the remaining $1.2 billion in 2027 via a seller note
-- #JasonWells #DavidBauer #Ohio #NewYork #Pennsylvania #business
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