CenterPoint Energy, Inc. (CNP, Financial) has successfully completed the sale of its regulated natural gas local distribution company businesses in Louisiana and Mississippi. The transaction, valued at approximately $1.2 billion, was finalized on March 31, 2025. This strategic divestiture aligns with CenterPoint Energy's ongoing efforts to streamline operations and concentrate on its core business areas.
The sale was executed through CenterPoint Energy Resources Corp., a wholly owned subsidiary of CenterPoint Energy, to Delta Utilities No. LA, LLC, Delta Utilities S. LA, LLC, Delta Utilities MS, LLC, and Delta Shared Services Co., LLC. These entities have since been renamed to Delta North Louisiana Gas Company, LLC, Delta South Louisiana Gas Company, LLC, Delta Mississippi Gas Company, LLC, and Delta Energy Resources, LLC, respectively.
The transaction was initially announced on February 19, 2024, and was subject to adjustments based on net working capital, regulatory assets and liabilities, and capital expenditures at closing. The completion of this sale marks a significant milestone for CenterPoint Energy as it continues to refine its business strategy and enhance shareholder value.
CenterPoint Energy issued a press release on April 1, 2025, to announce the completion of the transaction. This move is expected to allow the company to better allocate resources and focus on its primary operations, thereby driving future growth and profitability.
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