CenterPoint Energy is getting ready to sell its Ohio natural gas business.
The buyer, National Fuel Gas Company, announced this week that the sale should be finalized around Oct. 1. The $2.6 billion acquisition was first announced a year ago.
Houston-based CenterPoint operates about 5,900 miles of distribution and transmission pipeline and serves around 335,000 customers in west central Ohio, according to the original sale announcement.
The company’s rates will continue to be regulated by the Public Utility Commission of Ohio.
National Fuel stated that the sale will double the size of the company’s base of gas utility ratepayers, while expanding its operations into Ohio, "a jurisdiction that is both highly supportive of natural gas and maintains a constructive regulatory framework."
