Ridgewood Infrastructure has sold an 80% interest in SiEnergy to Northwest Natural for $425 million. This transaction marks a significant shift in ownership for SiEnergy, a Texas-based gas utility. The deal not only highlights the financial valuation of SiEnergy but also underscores the strategic moves within the energy sector. Notably, Northwest Natural is also seeking approval for higher rates in Oregon, which could impact its financial strategy and future acquisitions. The sale represents a major investment for Northwest Natural, potentially influencing its market position and operational scope. Meanwhile, the remaining 20% interest in SiEnergy remains with Ridgewood Infrastructure, suggesting a continued, albeit reduced, involvement in the utility’s future.
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