A large Ohio natural gas supplier will be acquired by a Texas energy company.
Vectren Corp., based in Evansville, Ind., service area covers about 20 percent of Ohio, including the Dayton area.
CenterPoint Energy, headquartered in Houston, announced this morning that it had entered into an agreement to join with Vectren to form a company with more than 7 million customers in 40 states.
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The deal depends on regulatory and shareholder approval but is expected to be completed the first quarter of 2019.
“Together, we will be a stronger, more competitive company that will be well-positioned to continue to provide value for our stakeholders in the years to come,” stated Carl Chapman, Vectren chairman, president and CEO.
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