The Louisiana Public Service Commission unanimously approved the sale of CenterPoint Energy’s two natural gas utility assets in Louisiana to Delta Utilities, a Bernhard Capital Partners portfolio company and core-focused natural gas utility based in New Orleans.
This approval gives Delta Utilities the green light to acquire CenterPoint Energy’s regulated natural gas utilities, which serve approximately 245,000 customers across north and south Louisiana. The sale includes transferring all of CenterPoint’s natural gas utilities and operations in the state, as well as guaranteeing job offers at Delta Utilities to all local employees who primarily work within the Louisiana gas division.
The companies assured there will be no changes to rates for customers as a result of this approval, and Delta Utilities has proposed to “step into the shoes” of CenterPoint by committing to continue the existing rate stabilization plan, tariffs, schedules and riders.
The tr
