NATIONAL FUEL GAS CO [NFG] - . equity issuance
The Buyer will pay a Purchase Price for the LLC Interests, which includes an Estimated Cash Purchase Price to be paid in cash upon Closing and a Seller Note Amount to be paid according to the terms of the Promissory Note.
Why this matters
National Fuel Gas Co. is an integrated energy company operating in the natural gas distribution sector, with segments in upstream and gathering, pipeline and storage, and utility services. The company has completed its acquisition of CenterPoint Energy's Ohio natural gas utility business, Vectren Energy Delivery of Ohio, LLC, which will now be known as National Fuel Gas Distribution of Ohio, LLC. This acquisition expands National Fuel's regulated utility footprint into Ohio, adding approximately 335,000 customers and doubling its utility rate base. The transaction reflects National Fuel's strategic focus on growing its regulated utility business and is expected to enhance its long-term investment opportunities in a supportive regulatory environment.