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CenterPoint, OGE Energy, ArcLight to Form Midstream Partnership

By: MT Newswires
Posted: 3/15/2013 7:00:00 AM
Referenced Stocks: CNP;OGE

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 was up 4% to $22.73 in after-hours trade.