CenterPoint finalizes sale of Louisiana, Mississippi gas utilities to Bernhard
(UI) — CenterPoint Energy has completed the sale of its natural gas distribution businesses in Louisiana and Mississippi to affiliates of Bernhard Capital Partners. The divested assets include roughly 12,000 miles of pipeline and serve about 380,000 metered customers.
The new utility provider, Delta Utilities, based in New Orleans, will take over operations and customer service in both states.
The deal received all required federal and state regulatory approvals, including clearance from the Louisiana Public Service Commission, the Mississippi Public Service Commission, and antitrust review under the Hart-Scott-Rodino Act.
“I would like to thank our Louisiana and Mississippi employees and those that support these businesses for their dedication to customer service and quality,” said Jason Wells, CenterPoint President and CEO. “We will continue to support Delta Utilities towards a smooth transition for the benefit of the customers served in those jurisdictions.”
Wells also noted that the proceeds from the sale will help fund CenterPoint’s long-term capital investment plans aimed at improving system safety, reliability, and resiliency.
The Author
Mary Holcomb is the Digital Editor at Gulf Energy Information, where she oversees digital operations for Underground Infrastructure. With over five years of experience, she leads digital content strategy and day-to-day operations for this industry-leading publication.
Related News
From Archive
- TxDOT advances massive drainage tunnel beneath I-35 in Austin
- Glenfarne Alaska LNG targets late-2026 construction start for 807-mile pipeline project
- U.S. water reuse boom to fuel $47 billion in infrastructure spending through 2035
- $2.3 billion approved to construct 236-mile Texas-to-Gulf gas pipeline
- Major water pipe break in Puerto Rico hits over 165,000 customers
- Pennsylvania American Water launches interactive map to identify, replace lead water service lines
- Trump's tariffs drive $33 million cost increase for Cincinnati sewer project
- Utah city launches historic $70 million tunnel project using box jacking under active rail line
- Tulsa residents warned after sewer lines damaged by boring work
- Fatal trench collapse halts sewer construction in Massachusetts; two workers hospitalized
Comments