Advances strategy to become a leading U.S. energy delivery, infrastructure and services company
- Vectren shareholders to receive $72.00 in cash for each share of Vectren common stock
- Complementary businesses to operate regulated utility businesses in eight states, have combined footprint in nearly 40 states, and serve over 7 million customers
- Combined company to be named CenterPoint Energy with corporate headquarters in Houston; Vectren will become a CenterPoint Energy company with the combined company's natural gas utilities operations and the Indiana electric operation to be headquartered in Evansville, Ind.
- CenterPoint Energy expects to maintain annual guidance basis EPS growth target of 5 to 7 percent in 2019 and 2020, excluding any one-time charges related to the merger
- Transaction anticipated to be funded by combination of equity and debt; capital structure and resulting credit metrics expected to support solid investment grade credit quality
PR Newswire
HOUSTON and EVANSVILLE, Ind., April 23, 2018
