Cases & Deals

CenterPoint Energy sells two natural gas storage facilities

Client(s) CenterPoint Energy, Inc.

Jones Day assisted CenterPoint Energy Gas Transmission Company, an affiliate of CenterPoint Energy, Inc., with the sale of two natural gas storage facilities - a salt dome storage development and a depleted reservoir storage development - to affiliates of Cardinal Gas Storage Partners LLC. The storage facilities are expected to consist of up to 39 billion cubic feet (Bcf) of high-deliverability working gas storage capacity with multiple interconnects.