Enable Midstream Partners (ENBL) Tops Q1 EPS by 16c, Revenues Beat
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CenterPoint Energy (CNP) announces sale of Arkansas and Oklahoma natural gas LDC businesses to Summit Utilities for $2.150 billion in cash
April 29, 2021 7:12 AM EDTCenterPoint Energy, Inc. (NYSE: CNP) (CenterPoint) today announced the sale of its Arkansas and Oklahoma natural gas LDC assets to Summit Utilities for $2.150 billion in cash, including recovery of approximately $425 million in cash of unrecovered storm-related incremental natural gas costs incurred in February 2021, subject to true-up at transaction close. The assets include approximately 17,000 miles of main pipeline in Arkansas, Oklahoma, and Texarkana serving more than half a million customers residing in high-quality regulatory jurisdictions.
The proceeds of $1.725 billion in cash, after recovery of approximately $425 million in cash unrecovered storm costs,... More
