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Chemical Week Magazine :: Business & Finance :: United States/Americas
Kinder Morgan to buy out its MLPs in $71-billion deal
7:00 AM MDT | August 15, 2014 | —Vincent Valk
Kinder Morgan, Inc. (KMI) announced on 10 August that it is buying out its two master limited partnerships (MLPs)—Kinder Morgan Energy Partners (KMP) and El Paso Pipeline Partners (EPB)—along with limited liability management firm Kinder Morgan Management (KMR), bringing the four entities into one corporate and financial structure. The consolidated entity will operate as Kinder Morgan and will be North America’s largest midstream and third-largest energy player, worth about $140 billion. It will own and operate about 68,000 miles of natural gas...
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