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Entergy agrees to sell gas business to Bernhard Capital Partners for $484M

Por: The Advocate Business October 30, 2023

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Entergy Corp. has agreed to sell its gas business to Bernhard Capital Partners, a Baton Rouge private equity firm, for $484 million.The utility said in a news release that the sale will help support of the firm’s electric utility business. The sale comes as Entergy fends off regulatory efforts to chip away at its monopoly, as well as calls for it to pony up more for grid-hardening. Entergy Louisiana’s gas business serves about 95,000 homes... + full article



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