National Fuel Gas (NFG) has agreed to acquire CenterPoint Energy’s Ohio natural gas distribution and transmission assets for $2.62 billion, adding 5,900 miles of pipelines and 335,000 utility customers. The acquisition significantly expands NFG’s regulated footprint beyond New York and Pennsylvania and doubles the size of its utility rate base.
The transaction includes all operational distribution and transmission infrastructure, associated service territories, and employees supporting the Ohio system. NFG said the assets align with its strategy of scaling regulated operations in stable jurisdictions with favorable utility frameworks.
The deal is expected to close in late 2026, pending federal and state approvals.
Why It Matters
· Major expansion into a new utility state
The acquisition establishes National Fuel’s first regulated service territory in Ohio, complementing its existing utility operations in New York and Pennsylvania.
· 5,900 miles of new gas pipelines added
The system includes both transmission and distribution mileage, strengthening NFG’s ability to move, manage, and store natural gas within a multi-state network.
· Customer base grows by 335,000 meters
This expansion materially increases NFG’s scale and provides long-term rate-backed revenue stability.
· Integrated upstream–midstream–downstream footprint
NFG’s upstream arm, Seneca Resources, produces more than 1.2 Bcf/d in the Marcellus and Utica. Adding Ohio utilities creates a more vertically connected regional gas ecosystem.
What the Map Shows
The DataLink map illustrates National Fuel Gas’s expanded footprint after acquiring CenterPoint’s Ohio system:
· Ohio acquisition – 5,900 miles of natural gas pipelines and 335,000 customers added (green service area)
· Existing NFG infrastructure – 2,050 miles of transmission (blue) and 905 miles of distribution pipelines (red) across NY and PA
· Seneca Resources acreage – Marcellus and Utica-producing areas supporting regional supply (pink)
Together, the layers show how Ohio’s network integrates with NFG’s upstream and utility operations across three states.
A Deeper Dive with DataLink
· Map Ohio’s full distribution and transmission system to understand new service coverage
· Compare NFG’s pre-existing NY–PA utility territories with the added Ohio footprint
· Identify transmission paths delivering supply from Marcellus–Utica regions into new markets
· Analyze customer density, pipeline reach, and infrastructure overlap across three states
· Review upstream–downstream linkages to evaluate regional balancing and throughput potential
