Ridgewood Infrastructure Announces Sale of SiEnergy Regulated Utility
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Ridgewood Infrastructure has sold its 80% stake in SiEnergy, a regulated utility, to Northwest Natural Holding Company (NYSE: NWN). SiEnergy provides natural gas services in Houston, Dallas, and Austin.
January 08, 2025 | 2:15 pm
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POSITIVE IMPACT
Northwest Natural Holding Company (NYSE: NWN) has acquired an 80% interest in SiEnergy, expanding its utility services in Texas.
The acquisition of SiEnergy by NWN is likely to positively impact NWN's stock price in the short term as it expands its utility services in key Texas markets, potentially increasing revenue and market presence.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90