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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.
Colorado gas players vie for cleaner future
Mar 16, 2021 5:11:pm
Summary A pilot project in Colorado will use data-driven technology to help natural gas players lower methane emissions.
by: Daniel Graeber
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Colorado gas players vie for cleaner future
A handful of entities engaged in Colorado natural gas activity agreed March 11 to take part in a pilot program meant to reduce methane emissions from the sector, a project coordinator announced.
Project Canary is working with dozens of companies engaged in upstream activities, as well as pipeline and utility companies, to work on its so-called Responsibly Sourced Gas pilot project in the state.
Xcel and Black Hills both reported that while the companies spent three-figure millions on natural gas and electricity, the cost to consumers could have been worse if not for planning and practices.
When added together, Xcel said the extreme weather event required an additional $619.1 million to be spent on higher fuel prices.
Xcel also defended its business practices, saying it saved customers from even more money having to be spent. We followed Commission-approved natural gas price hedging policies to reduce the impact of price surges. These policies were successful, sourcing approximately 67 percent of the gas we provided to our natural gas customers and 35 percent of the gas required to generate electricity through long-term sources, saving customers more than $825 million over the four days, Xcel wrote in its filing to the PUC.
Office of Consumer Counsel encourages comment from Colorado energy consumers on the impact of the extreme weather event in mid-February colorado.gov - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from colorado.gov Daily Mail and Mail on Sunday newspapers.