National Fuel to Buy CenterPoint’s Ohio Gas Utility
National Fuel Gas Company of Western New York agreed to buy CenterPoint Energy Inc.’s Ohio natural gas utility to for $2.6 billion.
The deal will significantly expand Nation Fuel’s utility business beyond its core footprint in New York and Pennsylvania. according to a statement Tuesday. Houston-based CenterPoint will use the proceeds to invest in its electric and gas utilities in Texas, Indiana and Minnesota,