CenterPoint completes $2.62B sale of Ohio gas LDC Vectren Energy Delivery to National Fuel Gas

CENTERPOINT ENERGY INC

Sale of Vectren Energy Delivery of Ohio, LLC to National Fuel Gas Company closed Oct. 1, 2026 for $2.62B: $1.42B in cash plus a $1.20B promissory note.
Seller note bears 6.50% interest and matures Sept. 30, 2027; covenant caps National Fuel's consolidated debt-to-capitalization at 0.65 to 1.0.
VEDO assets include roughly 5,900 miles of gas transmission and distribution pipeline serving about 335,000 metered customers in West Central Ohio.
Transaction received all required federal and state approvals, including completion of a Public Utilities Commission of Ohio review.
CEO Jason Wells said proceeds support CenterPoint's $66.7 billion 10-year capital plan and investments in its core regulated utility footprint.

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