Kinder Morgan (KMI -0.1%; (KMP -1.8%) reaches a “verbal tentative agreement” with federal...

|About: Kinder Morgan, Inc. (KMI)|By:, SA News Editor

Kinder Morgan (KMI -0.1%; (KMP -1.8%) reaches a “verbal tentative agreement” with federal regulators to sell ~7,200 miles of pipeline to gain approval of its $23B acquisition of El Paso (EP +1%). The sale could bring in as much as $3B and reduces the combined companies’ market share in the Rocky Mountains to 38% from ~52%.