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
- OSHA investigates fatal trench collapse at Conroe construction site
- Final Lake Erie sewer tunnel project set to begin after decades-long $3 billion effort
- Texas811 launches real-time excavation detection to prevent utility strikes
- Oil pipeline struck during fiber optic construction spills into L.A. storm drains
- Fiber drilling strike triggers major sewer failure, lawsuits in Florida
- Fatal trench collapse in Mass. leads to $4.6 million OSHA penalty, dozens of violations
- Texas811 launches real-time excavation detection to prevent utility strikes
- Race Communications breaks ground on Bakersfield fiber network
- Final Lake Erie sewer tunnel project set to begin after decades-long $3 billion effort
- Inside Infrastructure: Utility locators warn of systemic failures in damage prevention process
Comments