CenterPoint to sell Ohio gas utility to National Fuel Gas for $2.62 billion
CenterPoint Energy agreed to sell its Ohio natural gas distribution business, Vectren Energy Delivery of Ohio, to National Fuel Gas for $2.62 billion, with $1.42 billion in cash at closing and a $1.2 billion 364-day seller note. The company expects the deal to close in Q4 2026, subject to regulatory conditions, and says proceeds will support its capital plan and reprioritize future investments toward electric and natural gas operations.
Key points
- Purchase price is $2.62 billion, subject to adjustment: $1.42 billion in cash at closing and a $1.2 billion seller promissory note.
- The seller note bears 6.5% interest and matures 364 days after closing; the loan may not be prepaid without the seller's consent.
- Closing is expected in Q4 2026, subject to Hart-Scott-Rodino review and a notice filing with the Public Utilities Commission of Ohio; the deal has an inside date of October 1, 2026.
- The business includes about 5,900 miles of pipeline serving about 335,000 metered customers; the company reiterated its 9% non-GAAP EPS growth rate for 2025.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:10 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 21, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.