WASHINGTON (dpa-AFX) - CenterPoint Energy, Inc. (CNP) announced the sale of
its Louisiana and Mississippi
natural gas LDC businesses to Bernhard Capital Partners, for $1.2 billion. The
company said the assets include approximately 12,000 miles of main pipeline in
Louisiana and
Mississippi serving approximately 380,000 metered customers.

CenterPoint Energy noted that the sales price represents approximately 32
multiple of 2023 Louisiana and Mississippi LDC earnings. The Louisiana and
Mississippi LDCs represent less than 4% of the company's overall rate base.

Bernhard Capital Partners is a services and infrastructure-focused private
equity management firm.



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