CenterPoint Energy on Oct. 21 announced the sale of Vectren Energy Delivery of Ohio to National Fuel Gas Co. for $2.62 billion.

Vectren Energy Delivery of Ohio’s assets include about 5,900 miles of natural gas distribution pipeline serving 335,000 customers in southwest Ohio, including residential, commercial and industrial users.

CenterPoint acquired Vectren in a $6 billion merger in 2019, which also included Indiana’s natural gas business serving 680,000 customers and an electric distribution business serving 140,000 customers in southwestern Indiana.

The sale must be reviewed and approved by federal and state regulators. If approved, the transaction is expected to close by the end of 2026.

Meanwhile, CenterPoint is seeking a rate increase to recover costs related to system modernization, leak detection and service expansion. If approved, residential customers in southwest Ohio could see total bills rise by about 25%. 10/30/2025