Kinder Morgan To Pay $300M For Half Of Gas Pipeline System

Law360, New York (April 25, 2012, 7:19 PM EDT) -- Kinder Morgan Energy Partners LP will pay investment firm Kohlberg Kravis Roberts & Co. LP $300 million for 50 percent of the natural gas joint venture that owns two pipeline systems in Utah and Texas, it announced Wednesday.

El Paso Corp. owns the other half of the Altamont, Utah, gathering, processing and treating natural gas assets at the Uinta Basin and the Camino Real Gathering System at the Eagle Ford Shale in Texas. Kinder Morgan says it expects the transaction to close when Kinder Morgan Inc.'s...
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