Mergers & Acquisitions ·
National Fuel Gas completes $2.62B acquisition of Vectren Energy Delivery of Ohio from CenterPoint
NFGNational Fuel Gas Co
National Fuel Gas Company completed its acquisition of Vectren Energy Delivery of Ohio, LLC from CenterPoint Energy Resources Corp. on October 1, 2026, for an aggregate purchase price of $2.62 billion. The consideration consisted of $1.42 billion in cash and a $1.20 billion promissory note issued to the seller under a Seller Note Agreement maturing September 30, 2027, bearing interest at 6.5% per annum. The acquired utility serves approximately 335,000 customers across 16 counties in Ohio and will be renamed National Fuel Gas Distribution of Ohio, LLC. This transaction expands the company's regulated footprint into Ohio, bringing its total customer base to approximately 1.1 million and doubling its utility rate base. National Fuel Gas Company operates as an integrated energy company with segments in upstream gas production, pipeline storage, and natural gas distribution.