UPDATE: CenterPoint, OGE Energy, ArcLight to Form Midstream Partnership; CPE up 9%, OGE up 6%

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CenterPoint Energy, Inc. ( CNP ), OGE Energy Corp. ( OGE ), and ArcLight Capital Partners, LLC have entered into an agreement to form a master limited partnership that will include CenterPoint Energy's interstate pipelines and field services businesses and the midstream business of Enogex LLC, owned jointly by subsidiaries of OGE and Arclight.

The partnership will be managed by a general partner whose governance will be shared by CenterPoint Energy and OGE on a 50/50 basis.

CNP shares are up 9% in pre-market trading; OGE shares are up 6%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , Commodities
More Headlines for: CNP , OGE


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