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National Fuel Acquires CenterPoint's Ohio Gas Utility for $2.62B
Source: zacks.com
M&A & RestructuringEnergy Markets & PricesCompany FundamentalsInfrastructure & Defense
NFG's $2.62 billion acquisition of an Ohio gas utility adds 335,000 customers and doubles its rate base. The transaction is expected to increase regulated cash flow and expand the company's investment capacity, supporting a more stable, utility-weighted earnings profile.
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