CenterPoint to sell Louisiana natural gas assets in $1.2 billion deal - cenlanow.com

CenterPoint Energy to sell Louisiana, Mississippi natural gas assets in $1.2 billion deal

LOUISIANA ( KTAL/KMSS) – CenterPoint Energy announced Tuesday the sale of its Louisiana and Mississippi natural gas businesses to Bernhard Capital Partners for $1.2 billion.

CenterPoint is the second-largest natural gas provider in both Louisiana and Mississippi by customer accounts, with a combined workforce of approximately 550 employees.

The assets include approximately 12,000 miles of main pipeline in Louisiana and Mississippi, serving approximately 380,000 metered customers.

“I would like to thank our Louisiana and Mississippi LDC employees, as well as the team

members who support these businesses, or their focus on safety, performance, and results.

Together, they are our customers’ trusted energy partner in these regions,” said Jason Wells,

President and Chief Executive Officer of CenterPoint.

Bernhard Capital Partners is a services and infrastructure-focused private equity management

firm established in 2013.

The transaction is anticipated to close toward the end of the first quarter of 2025, subject to customary closing conditions, including antitrust clearance and state regulatory approvals.