CenterPoint Energy, Inc. announced the successful completion of the previously announced sale of its natural gas distribution utilities in Louisiana and Mississippi to affiliates of Bernhard Capital Partners. The transaction received all necessary federal and state regulatory approvals.
The divested assets include approximately 12,000 miles of main pipeline serving approximately 380,000 metered customers. The company serving these customers going forward will be Delta Utilities, based in New Orleans.
The sales proceeds from this transaction are intended to support the efficient funding of CenterPoint's long-term growth plans, particularly its capital investments in Texas jurisdictions. This strategic shift is designed to enhance consolidated cash return and improve self-funding capabilities.
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