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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About the Author
Nick Snow
NICK SNOW covered oil and gas in Washington for more than 30 years. He worked in several capacities for The Oil Daily and was founding editor of Petroleum Finance Week before joining OGJ as its Washington correspondent in September 2005 and becoming its full-time Washington editor in October 2007. He retired from OGJ in January 2020.