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Summit Utilities, Inc. Closes on Purchase of Arkansas and Oklahoma Gas Distribution Assets From CenterPoint Energy

LITTLE ROCK, Ark., Jan. 10, 2022 /PRNewswire/ — Summit Utilities, Inc. (“Summit“) announced today that it has closed on its acquisition of the gas distribution assets of CenterPoint Energy, Inc. (“CenterPoint”) in Arkansas, Oklahoma and Texarkana, Texas. 

“At Summit, we are committed to helping our communities thrive by providing safe and affordable energy solutions that keep homes warm, businesses growing and industry running,” said Summit President and CEO Kurt Adams. “That is why we are honored to be expanding our footprint in Arkansas and Oklahoma while adding the Texarkana area to our service territory. Our mission is to help families, businesses, and industries meet their energy needs while providing high quality customer service. We are eager to become a part of the community in these new service territories and do our part to help them prosper.”

The gas distribution systems included in the transaction serve approximately 525,000 customers in Arkansas, Oklahoma and Texas, and include 17,000 miles of gas main pipeline across those three states. As part of the acquisition, Summit will be welcoming nearly 600 CenterPoint team members to the company.

“The team …

Full story available on Benzinga.com

Original Post: benzinga.com

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