CenterPoint Forms $11B Gas Venture With OGE, ArcLight

Law360, San Diego (March 14, 2013, 11:21 PM EDT) -- CenterPoint Energy Inc., OGE Energy Corp. and ArcLight Capital Partners LLC announced Thursday they are entering into an $11 billion joint venture to enhance their natural gas assets, creating one of the largest master limited partnerships in the U.S.

The partnership will include the interstate pipelines and field services businesses of Houston-based energy delivery firm CenterPoint and the midstream business of Enogex LLC, a firm owned jointly by units of Oklahoma City-based OGE and Boston-based private equity firm ArcLight. The venture will own and operate 8,400...
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