Entergy completed the sale of its natural gas distribution business to Delta Utilities, a company backed by Bernhard Capital Partners.
The divestiture supports Entergy's strategic focus on its growing electric utility business. Delta Utilities assumes responsibility for day-to-day gas distribution operations.
The assets include approximately 3,700 miles of natural gas pipelines and 2,200 miles of service lines. Entergy Louisiana's gas business served approximately 96,000 homes and businesses in the Baton Rouge area and Entergy New Orleans' gas business served approximately 108,000 homes and businesses in New Orleans.