06:54 AM EDT, 10/21/2025 (MT Newswires) -- CenterPoint Energy ( CNP ) said Tuesday it will sell its Ohio natural gas local distribution company, Vectren Energy Delivery of Ohio, to National Fuel Gas ( NFG ) for $2.62 billion.

The $2.62 billion price is about 1.9 times the Ohio local distribution company's 2024 base rate, and it expects to receive $1.42 billion in 2026 and $1.20 billion in 2027 via a seller note issued at closing, the company said.

The assets include about 5,900 miles of transmission and distribution pipeline in Ohio serving roughly 335,000 metered customers, CenterPoint said.

Closing is expected in Q4 2026, pending Hart-Scott-Rodino Act review and a notice filing and review with the Public Utilities Commission of Ohio, the company added.