Reuters
2 minute read
The headquarters of U.S. energy exporter and pipeline operator Kinder Morgan Inc. is seen in Houston, Texas, U.S. September 27, 2020. REUTERS/Gary McWilliams
Kinder Morgan Inc (KMI.N) said on Tuesday it has agreed to buy Stagecoach Gas Services LLC for $1.23 billion as the pipeline operator looks to expand into the northeast U.S. market.
Stagecoach is a natural gas pipeline and storage joint venture between Consolidated Edison Inc (ED.N) and Crestwood Equity Partners LP (CEQP.N).
The deal, expected to close in the third quarter, will give Kinder access to Stagecoach s four natural gas storage facilities and three pipelines serving the northeast market. (https://refini.tv/34DcQvK)
By Syndicated Content
Jun 1, 2021 | 8:29 AM
(Reuters) – Pipeline operator Kinder Morgan Inc said on Tuesday it has agreed to buy Stagecoach Gas Services LLC, a natural gas pipeline and storage joint venture between Consolidated Edison Inc and Crestwood Equity Partners LP, for $1.23 billion.
(Reporting by Rithika Krishna in Bengaluru; Editing by Shounak Dasgupta) ); } return false; }); $( #comments .commentlist .comment-content a ).attr( target , blank );
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Crestwood Says Sale of Stagecoach JV Coming Soon – 1Q21 Update marcellusdrilling.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marcellusdrilling.com Daily Mail and Mail on Sunday newspapers.
United StatesNew York approves Con Edison s proposed $800 mln power line projects
Reuters
3 minutes read
A logo of New York power utility Consolidated Edison Inc is seen in New York July 1, 2012. REUTERS/Eric Thayer/File Photo
New York state utility regulators on Thursday approved Consolidated Edison Co of New York Inc s (Con Edison) request to recover costs for three transmission projects in its New York City service area.
The projects, which the state Public Service Commission said represent an $800 million investment, would maintain and improve reliability and allow several fossil fuel-fired power plants to retire.
The projects include transmission from New York neighborhoods Rainey to Corona, Gowanus to Greenwood and Goethals to Greenwood. Con Edison is a unit of New York energy company Consolidated Edison Inc (ED.N).