News Summary

Delta Utilities has made headlines with its acquisition of CenterPoint Energy’s natural gas distribution businesses in Louisiana and Mississippi for $1.2 billion. This strategic move will benefit around 380,000 metered customers by enhancing service and infrastructure. Backed by Bernhard Capital Partners, Delta is committed to creating jobs and ensuring seamless service transitions for existing customers as it also aims for further expansions in the region. Regulatory approvals have already been secured, paving the way for a promising future in the energy landscape of the Gulf South.

Exciting Changes in Louisiana and Mississippi: Delta Utilities Makes a Bold Move!

In a significant development for the local energy sector, Delta Utilities has grabbed headlines this week with the acquisition of CenterPoint Energy’s natural gas distribution companies in Louisiana and Mississippi, valued at a whopping $1.2 billion. This game-changing deal is set to shake things up for about 380,000 metered customers across the two states, as Delta Utilities gears up to enhance service and infrastructure.

What’s Included in the Deal?

Delta Utilities, which is proudly backed by Bernhard Capital Partners and operates from its headquarters in Louisiana, has secured approximately 12,000 miles of main pipeline as part of the acquisition. This immense network is expected not only to strengthen their customer base but also streamline operations dramatically.

The transaction is being hailed as a pivotal moment for the energy landscape of the Gulf South region, promising to bring about economic benefits and operational improvements for the surrounding communities. With such a significant investment, Delta Utilities is committed to creating high-quality jobs and ramping up infrastructure investments, which will undoubtedly give the local economy a much-needed boost.

Getting Down to Business

experienced team of 500 employees from CenterPoint will continue delivering exceptional service, ensuring a seamless transition for all existing customers. It’s all about stability and reliability during this changeover—customers can rest easy knowing that they will maintain their existing billing cycles and payment preferences without needing to lift a finger.

One of Delta Utilities’ top priorities is to maintain safe operations while ensuring a smooth transition of service. The good news? Customers will experience absolutely no interruptions in their gas service, and the current rate structures will remain unchanged during this transition period.

Regulatory Approval Secured

Louisiana Public Service Commission and the Mississippi Public Service Commission. This regulatory stamp of approval is a critical step in ensuring that the acquisition proceeds without a hitch.

Looking Ahead

Entergy’s regulated natural gas distribution companies in New Orleans and Baton Rouge, with an expected closing date in the summer of 2025. This further expansion positions Delta Utilities as a modern, multi-state natural gas utility that is focused on building stronger and more resilient communities.

A New Era for Natural Gas Services

reprioritize future capital investments in its regulated electric and gas utility operations. This is good news for everyone involved as it opens opportunities for deeper investments and improvements in infrastructure and services, enhancing the overall customer experience.

Deeper Dive: News & Info About This Topic

Delta Utilities Acquires CenterPoint Energy in Major Deal