Responsive Image Banner

Energy company selling off gas distribution business

Premium Content

Private equity firm buying Louisiana properties for $484 million

Louisiana-based Entergy will sell its gas distribution business to private equity firm Bernhard Capital Partners $484 million.

Entergy Louisiana’s gas business serves approximately 95,000 homes and businesses in the Baton Rouge area, and Entergy New Orleans’ gas business serves approximately 109,000 homes and businesses in New Orleans.

Entergy has served as a dedicated partner to the U.S. oil and gas industry. Our four-state service territory covers three shale plays—Haynesville, Arkoma and Tuscaloosa—and a significant portion of oil and gas pipeline infrastructure. (Image: Entergy)

“Our work is focused on strengthening businesses to, in turn, strengthen some of our country’s most critical infrastructure assets,” said Jeff Jenkins, founder and partner at Bernhard Capital Partners. “Under Entergy’s leadership, the natural gas distribution business has effectively served the two largest metropolitan areas in our state for decades.”

In addition to customary closing conditions, the sale will require regulatory approvals by the Louisiana Public Service Commission, the City of Baton Rouge/East Baton Rouge Parish Metropolitan Council and the New Orleans City Council. The sale is expected to close in approximately 21 months, inclusive of the regulatory review process and a transition period.

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, CompressorTech² News features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Sponsored Content
Podcasts
A conversation with GPA Midstream’s Stuart Saulters
Saulters was named GPA Midstream’s Vice President of Federal Affairs, effective October 2024. In this role, Saulters will lead the association’s federal advocacy efforts, working closely with government agencies, lawmakers, and GPA Midstream members.
Hurricane Francine’s effect on energy infrastructure
Premium Content
EIA reports 53% of natural gas production in Gulf region was affected
Discussion of CO2 capture, hydrogen now online
Premium Content
Webinar features speakers from SwRI, Elliott Group
More News
CONNECT WITH THE TEAM
Jack Burke Senior Editor Tel: +1 262 527 0815 E-mail: jack.burke@khl.com
Art Aiello Editor Tel: +1 262 754 4131 E-mail: Art.Aiello@khl.com
Gabriele Dinsel Brand Manager Tel: +49 711 34 06 73 50 E-mail: Gabriele.Dinsel@khl.com
Kristin Pride USA Sales Representative Tel: +1 720 298 8546 E-mail: kristin.pride@khl.com
CONNECT WITH SOCIAL MEDIA