El Paso Pipeline Partners (EPB) agrees to acquire Cheyenne Plains Pipeline and additional...

|About: El Paso Pipeline Partners, ... (EPB)|By:, SA News Editor

El Paso Pipeline Partners (EPB) agrees to acquire Cheyenne Plains Pipeline and additional interest in Colorado Interstate Gas from El Paso Corp. (EP) for $635M and the assumption of ~$242M of proportional debt. The transaction, expected to close along side Kinder Morgan's acquisition of EP, will be immediately accretive to distributable cash flow.