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Acquisition expands SiEnergy's footprint in Houston area and supports EPCOR's U.S. growth strategy focused on water
SiEnergy Operating (SiEnergy), a wholly owned subsidiary of Northwest Natural Holding Company (NYSE:NWN)(NW Natural Holdings), and EPCOR USA Inc. (EPCOR USA) today announced an agreement for SiEnergy to acquire 100% of the capital stock of Hughes Gas Resources, Inc. (EPCOR Texas Gas) for $60 million. The transaction is expected to close in the second quarter of 2025.
EPCOR Texas Gas's assets include approximately 6,900 metered connections and 353 miles of pipeline that serve 12 communities northeast of Houston. EPCOR Texas Gas, which has owned and operated the assets since 2017, is expected to have a rate base of approximately $46 million at the end of 2025.
Posted In: NWN
