FERC Nod Brings Kinder Morgan Closer To $38B El Paso Deal

Law360, New York (January 30, 2012, 3:56 PM EST) -- Federal energy regulators on Monday gave preliminary approval to Kinder Morgan Inc.'s acquisition of El Paso Corp.'s natural gas, crude oil and electricity marketing unit, bringing the $38 billion merger of the two energy companies one step closer to completion.

The Federal Energy Regulatory Commission gave preliminary approval to Kinder Morgan's addition of El Paso Marketing LLC, finding that it posed no threat of increased energy prices for consumers and did not include the transfer of any facilities from a public utility with captive customers....
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