National Fuel Completes Acquisition of CenterPoint Energy’s Ohio Gas Utility
Bitget2026/11/05 13:22- National Fuel completed its acquisition of CenterPoint Energy's Ohio natural gas utility on October 1, 2026.
- The acquisition doubled its Utility rate base, adding approximately 335,000 customers.
- Separately, the planned separation of its Integrated Upstream and Gathering business remains on track for the second half of 2027.
- The business is expected to be named Seneca Resources; at least 80.1% of its shares would be distributed to National Fuel shareholders.
- Following the separation, National Fuel would operate as a fully rate-regulated natural gas company with approximately $5 billion in rate base.
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