Summit Utilities, a natural gas distribution and transmission company, completed the acquisition of Arkansas and Oklahoma gas distribution assets of CenterPoint Energy, a US electric utility, for c. $2.2bn. "Completing the sale of these natural gas distribution businesses will help us achieve a number of our strategic goals, including efficiently funding our long-term capital investment plans across our regulated utility businesses without issuing external equity, driving industry-leading rate base growth, and allowing us to focus our efforts on executing our plan across fewer jurisdictions," Dave Lesar, CenterPoint Energy President and CEO.