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FORT SMITH, Ark., April 29, 2021 /PRNewswire/ Summit Utilities, Inc. ( Summit ) announced today that it has signed a definitive agreement to acquire the Arkansas and Oklahoma gas distribution assets of CenterPoint Energy, Inc. ( CenterPoint ) for an enterprise value of $2.15 billion.
CenterPoint s Arkansas and Oklahoma gas distribution systems serve approximately 525,000 customers and include 17,000 miles of gas main pipeline across Arkansas, Oklahoma and Texarkana, Texas. In 2017, Summit expanded its footprint to Arkansas and Oklahoma with our acquisition of Arkansas Oklahoma Gas Corporation. Today, we couldn t be more excited to announce our plans to serve more communities in these two great states with the acquisition of CenterPoint s Arkansas and Oklahoma gas distribution systems, said Summit Utilities President and CEO Kurt Adams. CenterPoint has built a strong reputation for quality customer service and we are eager to carry on t
Summit Utilities, Inc to Acquire CenterPoint Energy s Arkansas and Oklahoma Gas Distribution Assets streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
AOG has lifted the natural gas curtailment order for industrial businesses in Fort Smith. Author: 5NEWS Web Staff Updated: 4:21 PM CST February 19, 2021
FORT SMITH, Ark. Arkansas Oklahoma Gas Corporation (AOG) announced it has lifted the curtailment order on industrial customers. They were able to communicate that news to the impacted businesses Thursday (Feb. 18) afternoon.
Because of gas supply issues and extreme winter weather across the Midwest beyond the company’s control, AOG had to curtail gas use of small, medium and industrial customers throughout their service territory.
Thanks to the cooperation of area businesses as well as residential customers, the company was able to preserve gas access for homes and essential services during the unprecedented event.