HOUSTON, Jan. 10, 2022 /PRNewswire/ — CenterPoint Energy, Inc. (NYSE:CNP) today announced that it has successfully completed the previously announced sale of its natural gas distribution utilities in Arkansas and Oklahoma to Summit Utilities, Inc. The assets include approximately 17,000 miles of main pipeline in Arkansas, Oklahoma and Texarkana, serving more than 500,000 residential and business customers.
The transaction received all necessary federal and state regulatory approvals, including from the Arkansas Public Service Commission, Oklahoma Corporation Commission and Federal Energy Regulatory Commission. Summit will immediately assume responsibility for serving CenterPoint Energy’s former customers in Arkansas, Oklahoma and Texarkana.
CenterPoint Energy Executive Vice President, Utility Operations Scott Doyle said, “We want to thank our employees and those of Summit for the successful completion of this transaction. We will be working together …