Kinder Morgan to buy out its MLPs in $71-billion deal

摘要

Kinder Morgan, Inc. (KMI) announced 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 be owned by Kinder Morgan, Inc., and will be North America’s largest energy infrastructure company, worth about $140 billion. It will own and operate about 68,000 miles of natural gas pipeline. The deal is expected to close in the fourth-quarter.