El Paso Pipeline Partners (EPB +0.8%) will pay $1.13B to parent El Paso (EP +1.9%) for parts of...

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

El Paso Pipeline Partners (EPB +0.8%) will pay $1.13B to parent El Paso (EP +1.9%) for parts of two pipeline systems and a natural gas terminal in Georgia - its third purchase from the partnership this year, for a total of over $2.4B, likely adding to El Paso's quarterly cash payout.