Seeking Alpha

CenterPoint Energy (CNP), OGE Energy (OGE) and P-E firm ArcLight Capital agree to combine...

CenterPoint Energy (CNP), OGE Energy (OGE) and P-E firm ArcLight Capital agree to combine assets totaling ~$11B to form an MLP including CNP's interstate pipelines and field services businesses and the midstream business of Enogex, owned jointly by subsidiaries of OGE and Arclight. CNP, OGE and ArcLight will have respective 59%, 28% and 13% limited partner interests.
Comments (1)
  • Arclight owns a large stake in Magnum Hunter's midstream assets as well.
    14 Mar 2013, 10:01 PM Reply Like
DJIA (DIA) S&P 500 (SPY)