National Fuel to acquire Ohio natural gas utility business from CenterPoint.

National Fuel, a company that distributes and transports natural gas, agreed to acquire Ohio natural gas utility business from CenterPoint, a utility company. Financial terms were not disclosed. “Our acquisition of CNP Ohio aligns with National Fuel’s strategic objective to increase the scale of our regulated operations through the addition of high-quality assets in a favorable regulatory and political jurisdiction. Gaining a strong presence in a neighboring service territory, with a similar workforce culture, and operations that mirror our existing gas utilities in New York and Pennsylvania is an added benefit for our Company as well as our customers, employees, and shareholders," David P. Bauer, National Fuel President and Chief Executive Officer.