Kinder Morgan Partners (KMP) will acquire 100% of Tennessee Gas Pipeline and a 50% interest in...

|About: Kinder Morgan Energy Partne... (KMP)|By:, SA News Editor
Kinder Morgan Partners (KMP) will acquire 100% of Tennessee Gas Pipeline and a 50% interest in El Paso Natural Gas from Kinder Morgan (KMI) for ~$6.22B, including ~$1.8B in assumed debt at Tennessee Gas and ~$560M of proportional debt at El Paso. The moves "will generate substantial, stable cash flow to KMP and its unitholders for many years to come," KMI says.