Entergy completes sale of its natural gas distribution business to Delta Utilities
Entergy (NYSE:ETR) has completed the previously announced sale of its natural gas distribution business to Delta Utilities, a New Orleans-based company backed by Bernhard Capital Partners. The transaction includes approximately 3,700 miles of natural gas pipelines and 2,200 miles of service lines serving about 204,000 customers in the Baton Rouge and New Orleans areas.
The deal has received all necessary regulatory approvals from the Louisiana Public Service Commission, the City of Baton Rouge/East Baton Rouge Parish Metropolitan Council, and the New Orleans City Council. The transaction aligns with Entergy's strategic focus on its growing electric utility operations and investment in energy infrastructure.
Entergy (NYSE:ETR) ha completato la vendita precedentemente annunciata della sua attività di distribuzione di gas naturale a Delta Utilities, una società con sede a New Orleans sostenuta da Bernhard Capital Partners. L'operazione comprende circa 3.700 miglia di gasdotti e 2.200 miglia di linee di servizio che servono circa 204.000 clienti nelle aree di Baton Rouge e New Orleans.
L'accordo ha ottenuto tutte le approvazioni regolamentari necessarie dalla Louisiana Public Service Commission, dal Consiglio Metropolitano della Città di Baton Rouge/East Baton Rouge Parish e dal Consiglio Comunale di New Orleans. La transazione è in linea con l'obiettivo strategico di Entergy di concentrarsi sulle crescenti operazioni di servizi elettrici e sugli investimenti nelle infrastrutture energetiche.
Entergy (NYSE:ETR) ha completado la venta previamente anunciada de su negocio de distribución de gas natural a Delta Utilities, una empresa con sede en Nueva Orleans respaldada por Bernhard Capital Partners. La transacción incluye aproximadamente 3,700 millas de gasoductos y 2,200 millas de líneas de servicio que atienden a cerca de 204,000 clientes en las áreas de Baton Rouge y Nueva Orleans.
El acuerdo ha recibido todas las aprobaciones regulatorias necesarias de la Comisión de Servicios Públicos de Louisiana, el Consejo Metropolitano de la Ciudad de Baton Rouge/East Baton Rouge Parish y el Consejo Municipal de Nueva Orleans. La transacción se alinea con el enfoque estratégico de Entergy en sus crecientes operaciones de servicios eléctricos e inversiones en infraestructura energética.
Entergy (NYSE:ETR)는 이전에 발표한 천연 가스 배관 사업을 Bernhard Capital Partners가 지원하는 뉴올리언스 기반 회사인 Delta Utilities에 성공적으로 매각했습니다. 이번 거래에는 바톤 루지와 뉴올리언스 지역의 약 3,700마일의 천연 가스 파이프라인과 2,200마일의 서비스 라인, 약 204,000명의 고객이 포함되어 있습니다.
이번 거래는 루이지애나 공공 서비스 위원회, 바톤 루지/이스트 바톤 루지 교구 메트로폴리탄 위원회, 뉴올리언스 시 의회 등 모든 필요한 규제 승인 절차를 완료했습니다. 이 거래는 Entergy가 성장하는 전기 유틸리티 운영과 에너지 인프라 투자에 전략적으로 집중하는 방향과 부합합니다.
Entergy (NYSE:ETR) a finalisé la vente précédemment annoncée de son activité de distribution de gaz naturel à Delta Utilities, une entreprise basée à La Nouvelle-Orléans soutenue par Bernhard Capital Partners. La transaction comprend environ 3 700 miles de pipelines de gaz naturel et 2 200 miles de lignes de service desservant environ 204 000 clients dans les régions de Baton Rouge et de La Nouvelle-Orléans.
L'accord a reçu toutes les approbations réglementaires nécessaires de la Commission des services publics de Louisiane, du conseil métropolitain de la ville de Baton Rouge/East Baton Rouge Parish, ainsi que du conseil municipal de La Nouvelle-Orléans. Cette transaction s'inscrit dans la stratégie d'Entergy, qui se concentre sur ses activités croissantes dans le secteur de l'électricité et ses investissements dans les infrastructures énergétiques.
Entergy (NYSE:ETR) hat den zuvor angekündigten Verkauf seines Erdgasverteilgeschäfts an Delta Utilities abgeschlossen, ein in New Orleans ansässiges Unternehmen, das von Bernhard Capital Partners unterstützt wird. Die Transaktion umfasst etwa 3.700 Meilen Erdgasleitungen und 2.200 Meilen Versorgungsleitungen, die rund 204.000 Kunden in den Gebieten Baton Rouge und New Orleans bedienen.
Der Deal hat alle erforderlichen behördlichen Genehmigungen von der Louisiana Public Service Commission, dem Metropolitan Council der Stadt Baton Rouge/East Baton Rouge Parish und dem Stadtrat von New Orleans erhalten. Die Transaktion entspricht Entergys strategischem Fokus auf das wachsende Elektrizitätsversorgungsunternehmen und Investitionen in die Energieinfrastruktur.
- Strategic alignment with core electric utility business focus
- Received all required federal and state regulatory approvals
- Streamlines operations by divesting non-core assets
- Loss of revenue stream from 204,000 gas customers
- Reduction in business diversification
Insights
Entergy's gas business sale to Delta Utilities streamlines operations to focus exclusively on growing electric utility business, aligning with sector's electrification trends.
Entergy has completed the sale of its natural gas distribution business to Delta Utilities, a strategic move that reshapes the company's business profile. The divested assets include 3,700 miles of pipelines and 2,200 miles of service lines that served approximately 204,000 customers across Baton Rouge and New Orleans.
This transaction represents a significant strategic pivot for Entergy. By divesting these natural gas assets, the company is executing a focused strategy on its core electric utility operations. This aligns with broader utility sector trends toward electrification and clean energy transition, as many utilities are reassessing their fossil fuel infrastructure holdings.
The sale received all necessary regulatory approvals from multiple authorities, including the Louisiana Public Service Commission and the New Orleans City Council, indicating regulatory support for this business realignment. For investors, this transaction simplifies Entergy's business model and potentially improves capital allocation efficiency by directing investment toward its growing electric operations.
From an operational perspective, the divestiture removes approximately 5,900 total miles of gas infrastructure from Entergy's maintenance responsibilities. This reduction in operational complexity could yield improved operational metrics and potentially reduce certain regulatory compliance burdens associated with managing dual-service utilities.
The transaction represents a clear strategic choice to concentrate resources on building a more resilient electric grid rather than maintaining dual energy delivery systems. This focus may prove advantageous as the electric sector continues to evolve with increased renewable integration, grid modernization needs, and changing customer expectations.
Sale supports the company's focus on its growing electric utility business
Company thanks its gas customers and dedicated employees
"Today marks a major milestone as we complete the transition of our natural gas business to Delta Utilities," said Drew Marsh, chair and CEO of Entergy. "I want to especially thank our dedicated gas employees who have worked tirelessly to ensure safe, reliable service to our gas customers. We are confident Delta Utilities will continue that commitment."
The assets include approximately 3,700 miles of natural gas pipelines and 2,200 miles of service lines. Entergy Louisiana's gas business served approximately 96,000 homes and businesses in the
The transaction received all required federal and state regulatory approvals, including from the Louisiana Public Service Commission, the
"This strategic transaction allows us to sharpen our focus on Entergy's growing electric operations and invest in a stronger, more resilient energy future for the communities we serve," added Marsh.
Both Entergy and Delta Utilities are working together to ensure a smooth and seamless transition for gas customers in
About Entergy
Entergy Louisiana provides electric service to more than 1.1 million customers in 58 parishes. Entergy New Orleans provides electric service to more than 209,000 customers in
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SOURCE Entergy Corporation
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