NYSE:SRGas Utilities
Spire Refocuses On Regulated Utilities With US$650 Million Storage Sale
Spire (NYSE:SR) agreed to sell its natural gas storage assets in Wyoming and Oklahoma to I Squared Capital.
The transaction shifts Spire's portfolio toward regulated natural gas utilities and supports funding for its recent Nashville acquisition.
The move reflects a material change in business mix and risk profile that has not yet been widely discussed.
Spire is primarily a regulated natural gas utility, and this agreement to sell Wyoming and Oklahoma storage assets tightens that focus. By...