The US Federal Trade Commission approved Kinder Morgan Inc.’s application to sell certain natural gas pipeline and other assets to Tallgrass Energy Partners LP. The approval came Nov. 9 after commission members backed the proposed divestiture in a 4-0 vote, with Comm. Edith Ramirez recused.
KMI proposed the sale in response to requirements in the FTC’s May 1 order settling charges that KMI’s acquisition of El Paso Corp. would have been uncompetitive. The order required KMI to sell Kinder Morgan Interstate Gas Transmission LLC, its interest in the Rockies Express Pipeline and Trailblazer Pipeline Co. LLC, and other assets.
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