Bernhard Capital-backed Delta Utilities completes acquisition of CenterPoint Energy's natural gas distribution businesses
Delta Utilities, a Bernhard Capital Partners portfolio company, has acquired CenterPoint Energy's three regulated natural gas local distribution companies serving communities throughout Louisiana and Mississippi.
The acquisition includes approximately 12,000 miles of main pipeline in Louisiana and Mississippi that serve approximately 380,000 residential and commercial customers. Delta Utilities, based in New Orleans, is a core-focused regulated natural gas utility company.
"We are thrilled to finalize the acquisition of these natural gas utilities, which provide vital energy service to major markets across both Louisiana and Mississippi," said Jeff Jenkins, Founder and Partner at Bernhard Capital. "These are strong companies that exemplify our strategy of investing in regulated utilities and critical infrastructure. We believe natural gas is a key component of building more resilient communities and has a lasting role in our nation's energy portfolio. Delta Utilities will be a catalyst for economic growth while delivering safe, reliable service to the communities within its operational footprint."
Related News
Related News
- Digital Exclusive: Evolving pressure relief valve designs protect LNG facilities
- JGC-Hyundai JV awarded EPC contract for major low-carbon LNG plant project in Papua New Guinea
- TC Energy approves $1.5-B Columbia Gas expansion after profit tops estimates
- NextDecade to use Honeywell liquefaction technology for 30-MMtpy LNG terminal
- Wärtsilä continues to expand its data center footprint with new 790 MW order in Texas
Comments