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Kinder Morgan Energy Partners, L.P. Message Board

  • sonambulator sonambulator Mar 15, 2012 3:57 PM Flag

    Kinder Morgan to Sell Rockies Pipes in deal with FTC deal with

    Kinder Morgan Inc. (KMI), the second- biggest U.S. pipeline company, has reached a “tentative agreement” with federal regulators to sell about 7,200 miles of pipelines to gain approval of its $23.8 billion acquisition of El Paso Corp. (EP)

    The sales, which one analyst estimated may be valued at about $3 billion, would reduce the combined company’s dominance in Rocky Mountain (RME) natural-gas transportation, while allowing the creation of the biggest U.S. gas pipeline company.

    Kinder, based in Houston, agreed with the U.S. Federal Trade Commission to sell assets including its 50 percent interest in the 1,679-mile (2,700 kilometer) Rockies Express gas pipeline along with the 5,100-mile Kinder Morgan (KMI) Interstate Gas Transmission system and the 436-mile Trailblazer Pipeline Co., according to a company statement today.

    Kinder said it also will sell two treatment and processing plants in Wyoming.

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