News Summary
CenterPoint Energy has completed its $1.2 billion sale of natural gas distribution utilities in Louisiana and Mississippi to Delta Utilities. The transition aims to maintain reliable service for around 380,000 customers, with no changes to billing or rates. Delta Utilities will manage the existing infrastructure, including 12,000 miles of pipeline, and plans to enhance service while also pursuing further acquisitions. CenterPoint will utilize the funds for long-term growth across its remaining service areas.
Louisiana and Mississippi Customers Have New Gas Utility Provider
Exciting news for residents of Louisiana and Mississippi! CenterPoint Energy, Inc. has officially wrapped up its sale of natural gas distribution utilities in these two states. The deal, valued at a notable $1.2 billion, is now in the hands of Delta Utilities, a company based in New Orleans. They are ready to serve the needs of approximately 380,000 metered customers who previously relied on CenterPoint for their natural gas supply.
A Big Transition, but No Interruptions!
This transition shouldn’t cause any concerns for customers. Delta Utilities is jumping right in to take over customer service responsibilities. Customers will see absolutely no changes in their billing cycles, payment preferences, or online access. And the best part? There will be no immediate action required on the customers’ part, and more importantly, there will be no service interruptions or changes in rates.
12,000 Miles of Pipeline Transferred
The sale includes around 12,000 miles of main pipeline, a massive network that keeps homes and businesses warm and functioning. This extensive infrastructure will now operate under the watchful eyes of Delta Utilities, which has plans to not only continue providing excellent service but also to improve operations and potentially create new jobs in the region.
Approval Process: A Seamless Journey
Before the sale could be finalized, it had to clear a series of hurdles. Thankfully, the transaction received all necessary federal and state regulatory approvals. This includes the all-important Hart-Scott-Rodino antitrust clearance and green lights from both the Louisiana and Mississippi Public Service Commissions. The successful completion of this review process indicates a smooth transition for both companies.
CenterPoint’s Future Plans
With the proceeds from this $1.2 billion deal, CenterPoint Energy is looking ahead. They plan to use the funds to facilitate long-term growth and explore opportunities that optimize their capital investments. Their focus will be on improving safety, reliability, and resiliency within their remaining operations. This strategic move will help them serve approximately 7 million customers across states like Indiana, Minnesota, Ohio, and Texas more effectively.
Delta Utilities on the Rise
As Delta Utilities steps into this new role, they are also preparing for an even bigger venture. They are currently in the process of acquiring Entergy’s two regulated gas distribution companies located in New Orleans and Baton Rouge. This acquisition is expected to close in the summer of 2025 and further expand their reach and capabilities in the region.
In conclusion, this transition marks a significant change in the landscape of natural gas service provision in Louisiana and Mississippi, bringing new management to existing customers without interruptions. As Delta Utilities takes this bold step forward, customers can put their minds at ease knowing their natural gas service will remain reliable, and with potential for improvements on the horizon, the future looks bright!
Deeper Dive: News & Info About This Topic
- KPLC: CenterPoint Energy Businesses in Louisiana Sold to New Company
- Wikipedia: CenterPoint Energy
- KNOE: CenterPoint Energy Louisiana-Mississippi Sale
- Google Search: CenterPoint Energy Louisiana Mississippi Delta Utilities
- Utility Dive: CenterPoint Energy Completes Sale of Louisiana and Mississippi Gas Utilities
- Encyclopedia Britannica: Natural Gas
- KSLA: Delta Utilities Acquires CenterPoint Energy’s Distribution Companies
- Google News: Delta Utilities Acquisition CenterPoint Energy
- KTBS: Delta Utilities Completes Acquisition of CenterPoint Energy’s Natural Gas Utilities
