Kinder Morgan partner ArcLight acquires 25% interest in NGPL

Kinder Morgan’s (KMI) strategic partner ArcLight Capital Partners’ managed fund has acquired a 25% interest in Natural Gas Pipeline Company of America, a natural gas infrastructure system. As a result of the transaction, ArcLight will become the largest owner of NGPL with a 62.5% economic ownership interest, alongside its strategic partner Kinder Morgan. Kinder Morgan continues to own a 37.5% economic interest and operates NGPL. NGPL is one of the largest interstate pipeline systems in the country, spanning nine states, supplying critical power and heating markets across its footprint and liquefied natural gas facilities in Texas and Louisiana, with ~9,100 miles of pipeline, compressor stations totaling ~1 million horsepower, and 288 billion cubic feet of storage. Since 2001, ArcLight has owned, controlled, or operated over ~65 GW of assets and 47,000 miles of electric and gas transmission infrastructure with $80B of enterprise value. Terms of the transaction were not disclosed.