CenterPoint Energy completed the sale of its Louisiana and Mississippi regulated natural gas distribution businesses on March 31, 2025 for about $1.2 billion, the company said. The sale was made through its wholly owned subsidiary, CenterPoint Energy Resources Corp.

1. 01

   CenterPoint Energy completed the sale of its Louisiana and Mississippi regulated natural gas distribution businesses on March 31, 2025 for about $1.2 billion, the company said. The sale was made through its wholly owned subsidiary, CenterPoint Energy Resources Corp.

2. 02

   The company said the roughly $1.2 billion purchase price is subject to adjustments for net working capital, regulatory assets and liabilities, and capital expenditures at closing. The sale was made under an Asset Purchase Agreement dated February 19, 2024 with Delta Utilities entities as buyers.

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   The company said the assets sold include about 12,000 miles of main pipeline and about 380,000 metered customers. The buyer is an affiliate of Bernhard Capital Partners, and Delta Utilities will take over customer service.

4. 04

   The company said it received all federal and state regulatory approvals needed to complete the sale, including Hart-Scott-Rodino antitrust clearance and approvals from the Louisiana and Mississippi Public Service Commissions. CEO Jason Wells said the sale proceeds support the efficient funding of the growth plan.

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