FTC approves KMI assets sale to Tallgrass Energy Partners

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.

Contact Nick Snow at nicks@pennwell.com.

Related Articles

Two energy progress stories

10/13/2014 US President Barack Obama quickly cited the country's improved oil and gas outlook when he declared that his administration and congressional Democ...

Oil, rail groups comment on DOT's proposed crude-by-rail regulations

10/13/2014 Proposed federal crude-by-rail regulations should focus more on accident prevention and mitigation than tank-car redesigns and retrofits, two major...

US refiners could process more light, tight crudes, study finds

10/13/2014 US refiners will have the capacity by 2020 to process 3.1-4.3 million b/d more of light, tight crude oil (LTC) than in fourth-quarter 2013, accordi...

US should reexamine Jones Act, Tesoro's CEO recommends

10/13/2014 Tesoro Corp. Chief Executive Officer Gregory J. Goff called for a review of the Jones Act, a federal law dating from the 1920s that requires US-pro...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected