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Inergy, L.P. Message Board

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  • lner2512 lner2512 Nov 22, 2011 2:06 AM Flag

    Spinoff, whats in it for shareholders?

    From your mouth to God's ear!

    NRGY gives up 30% of today's distributions from their midstream IPO in return for $300M and possible future distributions plus eventual IDRs if the midstream MLP reaches the high splits. Kind of puts them in the same GP position as NRGP was before. Maybe the next step will be to IPO the propane business as a separate entity?