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CenterPoint Energy and Energy Capital Partners complete sale of energy services business

Christian Fernsby ▼ | June 2, 2020
CenterPoint Energ and Energy Capital Partners announced that they have closed on the sale of CenterPoint Energy Services, Inc. (CES) to an affiliate of ECP.
CenterPoint Energy
Capital Partners   CenterPoint Energy
Net proceeds of the sale will be used to repay a portion of outstanding CenterPoint Energy debt.

In connection with the closing of the transaction, CES changed its name to Symmetry Energy Solutions, LLC, (Symmetry Energy) and entered into a structured long-term Preferred Supply agreement through which Shell Energy North America (US), L.P. will provide gas supply and collateral support, as well as receive equity warrants.