AcquisitionsJun 26, 2026, 04:22 PM
National Fuel Gas Receives PUCO Approval for $2.62B Acquisition
AI Summary
National Fuel Gas Company announced that the Public Utilities Commission of Ohio (PUCO) has issued an order accepting and approving its previously disclosed acquisition of Vectren Energy Delivery of Ohio, LLC. The approval, granted on June 24, 2026, is subject to certain conditions. The acquisition, valued at $2,620,000,000, is now expected to close in the fourth quarter of calendar year 2026, though not before October 1, 2026, without the seller's prior written consent.
Key Highlights
- National Fuel Gas to acquire Vectren Energy Delivery of Ohio, LLC.
- Aggregate purchase price of $2,620,000,000, subject to adjustments.
- Public Utilities Commission of Ohio (PUCO) approved the Transaction on June 24, 2026.
- Approval is subject to certain conditions and requirements.
- Transaction expected to close in the fourth quarter of calendar 2026.
- Closing will not occur prior to October 1, 2026, without seller consent.
Price Impact
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