Houston Natural Gas Expansion
SiEnergy Operating, a subsidiary of Northwest Natural Holding Company, is set to acquire EPCOR USA Inc.’s Texas natural gas utility, Hughes Gas Resources, for $60 million. This acquisition will expand SiEnergy’s presence in the Houston area, positioning them as a key player in Texas’s natural gas sector. With a robust infrastructure and a commitment to service reliability, SiEnergy aims to enhance operational standards for Texas customers. The deal is expected to close in 2025, promising a bright future for both the utility and its community.
SiEnergy Operating, a subsidiary of Northwest Natural Holding Company, is making headlines with a game-changing agreement to acquire EPCOR USA Inc.’s Texas natural gas utility, Hughes Gas Resources, commonly known as EPCOR Texas Gas. This acquisition is valued at a whopping $60 million and comes as part of SiEnergy’s ambitions to broaden its footprint in the vibrant Houston area.
EPCOR Texas Gas isn’t just another utility; it boasts an impressive infrastructure that includes around 6,900 metered connections and 353 miles of pipeline. Serving twelve communities located northeast of Houston, this utility is equipped to support a growing customer base. The deal is expected to close in the second quarter of 2025 which is relatively around the corner in the world of business transactions.
Hughes Gas Resources has been operating under the EPCOR USA umbrella since 2017, and during this time, it has achieved significant growth—especially by supporting residential and commercial developments in high-growth areas around Houston. This aligns perfectly with SiEnergy’s business model, making it a seamless fit for the expanding utility’s portfolio.
Interestingly, EPCOR USA is pivoting away from its natural gas business to focus more on water opportunities. This strategic decision highlights a broader trend within the industry and may offer a fresh perspective on resource management and customer service. With SiEnergy stepping in, there is a firm commitment to enhancing service reliability for natural gas customers in Texas.
SiEnergy’s leadership recognized the importance of leveraging their scale and experience as a natural gas utility operator to provide the best possible services to new customers. This is not just about numbers and ownership—it’s about ensuring reliability and quality service in a crucial sector.
For customers in Texas, this acquisition stands to be beneficial. As SiEnergy gears up to take the reins, residents and businesses can expect enhanced service reliability and improved operational standards. SiEnergy, having been in the game for over 166 years, is recognized for its high customer satisfaction scores and ethical business practices, which lends a reassuring confidence that things will only get better.
With this expansion into Texas, the company is eager to apply what they’ve learned in other markets to improve infrastructure, create job opportunities, and deliver top-notch services. The anticipated rate base for the newly acquired EPCOR Texas Gas by the end of 2025 is estimated to be around $46 million, showcasing the potential for growth and development in the region.
Overall, SiEnergy is positioning itself as a key player in the Texas natural gas utility landscape. With a focus on community well-being and environmental stewardship, the company is set to make a meaningful impact. The excitement around the expansion into the metro Houston area indicates a bright future ahead filled with opportunities both for the utility and the communities that it serves.
As we look toward the closing of this notable acquisition in 2025, stakeholders, customers, and potential customers alike have every reason to stay optimistic about the evolving dynamics of Texas’s energy landscape. With established operations and a clear commitment to improving service delivery, SiEnergy is poised to make waves and deliver value for all Texans.
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