CenterPoint, OGE Energy and ArcLight Go Big in the MLP Game

UPDATE: This entity has now filed to go public as Enable Midstream Partners (ENBL) SEC Filings.

Just a quick heads up that last night CenterPoint Energy Inc. (“CNP”), OGE Energy Corp. (“OGE”) and ArcLight Capital Holdings, LLC announced plans to combine $10.7 billion of midstream assets into an MLP structure. They intend to pursue an IPO after initially forming the entity as a private MLP, so another one to add to the MLP IPO backlog.

The combined 2012 EBITDA is $858.2 million, to put that in perspective versus the MLP universe, here’s a quick chart of the pro forma top 15 by EBITDA across all MLP sub-segments:

CNPOGE MLP EBITDA Rank

About Philip Trinder

President of MLP Protocol, investor, trader, and proponent of Master Limited Partnerships.
This entry was posted in MLP IPO Review and tagged , , , , . Bookmark the permalink.