Hope Gas closes on acquisition of Peoples Gas WV

MORGANTOWN, W.Va. – Hope Gas, Inc., has officially closed the deal to acquire Peoples Gas WV valued at $37 million. The deal also adds 13,000 customers and increases their customer reach by 10-percent.

“I welcome our new customers and employees to Hope Gas,” said Morgan O’Brien, CEO of Hope Gas. “This acquisition continues Hope’s growth and our investment in building the future of West Virginia. West Virginia’s rich energy supply and distribution system is a benefit to economic development. It is a key piece in attracting other businesses to this beautiful state.”

For more than 20 years, the company was known as Dominion Energy, despite being founded under the name Hope Gas in 1898. The Hope Gas name was returned following the purchase by the Hearthstone Company in 2022. Hope Gas now serves approximately 125,000 homes and businesses and operates over 6900 miles of natural gas pipelines throughout the state.

Hope Gas and Peoples are working together through a 12-month transition for customers who are part of this acquisition. During this transition period, customers should continue to contact the Peoples Gas WV emergency hotline at 1-800-400-4271 to report any gas emergencies. They should also continue to contact Peoples’ customer service team during this transition time.

Hope has created more than 100 family-sustaining jobs since establishing the headquarters in Morgantown and has invested in improving the state’s pipeline infrastructure. This year, Hope Gas announced the purchase of 900 miles of gathering pipelines from Equitrans, and another agreement to purchase Southern Public Service Company.

“We have built our business plan around growth, reliability, and driving economic development throughout the state,” continued O’Brien. “Hope Gas has already created over 100 jobs, and by the end of the year that number will increase to 200 jobs. Our continued infrastructure investments also result in a cascading effect of job growth throughout the state. In addition, we are committed to using West Virginia-based suppliers wherever possible. We are proud to have served West Virginia customers for 125 years and are excited about the future of the Mountain State.”