CenterPoint Energy Finalizes $2.62 Billion Sale of Ohio Gas Business to National Fuel Gas Company

CenterPoint Energy Finalizes Major Transaction

In a significant move within the energy sector, CenterPoint Energy, Inc. has announced the completion of the sale of its Ohio natural gas business for a staggering $2.62 billion. The acquired business, Vectren Energy Delivery of Ohio, LLC, which boasts an expansive network of approximately 5,900 miles of gas transmission and distribution pipelines, serves around 335,000 metered customers across West Central Ohio.

This strategic sale marks a pivotal transition for CenterPoint, which is headquartered in Houston, Texas and is a key player in the energy delivery sector. The recent transaction garnered all the necessary federal and state approvals, including a thorough review from the Public Utilities Commission of Ohio, paving the way for a seamless transition in service responsibility to National Fuel Gas Company, based in Western New York.

CenterPoint's Chair and CEO, Jason Wells, expressed gratitude towards the organization's employees in Ohio, acknowledging their dedication to safety and customer service. He highlighted that, under their guidance, the natural gas utility has built a solid foundation over the years. "We are focused on ensuring a smooth transition for our Ohio natural gas customers as they move to National Fuel Gas," Wells reassured.

The decision to sell the Ohio operations aligns with CenterPoint’s broader strategy of refining its focus and investment in other areas. The proceeds from this high-value transaction are set to bolster their ambitious $66.7 billion capital plan over the coming decade. Notably, this plan aims at enhancing the resiliency and reliability of their infrastructure while fostering economic growth during a transformative period in the energy industry.

According to Wells, the funds from this sale will not only support investments in their regulated utility footprint but also help maintain the affordability of energy bills for their customers. "We remain dedicated to executing our long-term strategy, adapting to the evolving landscape of the energy sector, and ensuring that we prioritize the needs of our communities across the board," he stated.

As CenterPoint Energy shifts gears following this transaction, it is also essential to recognize its long-standing presence in the industry. With more than 150 years of service under their belt, CenterPoint stands as the sole investor-owned electric and gas utility company based in Texas, catering to nearly seven million metered customers in states including Indiana, Minnesota, and Texas. As of mid-2026, the company reportedly held assets worth approximately $48.3 billion—signifying its substantial role within the sector.

Looking to the future, the strategic divestment from the Ohio gas business reflects a significant realignment of focus for CenterPoint Energy, as they continue to innovate and strengthen operations in their core areas. This sale not only embodies a move toward streamlined operations but also demonstrates their commitment to leveraging available resources for the advancement of their electric and gas systems.

In conclusion, the sale of CenterPoint’s Ohio gas business to National Fuel Gas Company is poised to reshape the energy landscape in the region while reinforcing the company's long-term vision and commitment to delivering reliable energy services for its core customers. As they navigate this transition, CenterPoint Energy remains focused on building a sustainable future for both its operations and its ever-growing customer base.