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Kinder Morgan Increases Ownership In El Paso Natural Gas Pipeline, Midstream Assets

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Business Wire
March 1, 2013

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Kinder Morgan Energy Partners LP has completed the previously announced acquisition of 50% of El Paso Natural Gas Company LLC and 50% of former El Paso Midstream assets in Utah and South Texas from Kinder Morgan Inc. The transaction has a total value of approximately $1.655 billion, including approximately $560 million of proportional debt at EPNG. The transaction is expected to be immediately accretive to cash available for distribution to KMP unitholders. KMP now owns 100% of both EPNG and the midstream assets. The transaction, which closed and is effective ...

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