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Is More North America Pipeline M&A on the Horizon?

Kinder Morgan to Buy Stagecoach Gas Services for $1 23 Billion

- Kinder Morgan to Purchase Stagecoach

Kinder Morgan to Purchase Stagecoach Gas Services édité le 02/06/2021 - Plus de news de Kinder Morgan - Voir la fiche entreprise de Kinder Morgan Kinder Morgan, Inc. announced that it has agreed to acquire Stagecoach Gas Services LLC (Stagecoach), a natural gas pipeline and storage joint venture between Consolidated Edison, Inc. (NYSE: ED) and Crestwood Equity Partners LP (NYSE: CEQP). Stagecoach consists of 4 natural gas storage facilities with a total FERC-certificated working gas capacity of 41 billion cubic feet and 185 miles of natural gas pipelines with multiple interconnects to major interstate natural gas pipelines, including Tennessee Gas Pipeline (TGP), a KMI subsidiary. The transaction requires regulatory approval under Hart-Scott-Rodino, and it is expected to close in the third quarter of 2021.

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