KMI Buys Stagecoach Storage

摘要

Kinder Morgan Inc. (KMI). is buying Stagecoach Gas Services, a gas pipeline and storage joint venture between Consolidated Edison and Crestwood Equity Partners. Stagecoach consists of four gas storage facilities with a total working gas capacity of 41 Bcf and 185 miles of gas pipelines with multiple interconnects to major interstate systems, including Tennessee Gas Pipeline, a KMI subsidiary. The transaction is expected to close in the third quarter pending regulatory approval.