ArcLight Closes $1.7B Deal with Brookfield for NGPL Interests

ArcLight Capital Becomes Majority Owner of NGPL, KM Still Operator - Marcellus Drilling News

Investment firm ArcLight Capital Partners, LLC, announced it has acquired an additional 25% interest in Natural Gas Pipeline Company of America (NGPL). As a result of the transaction, ArcLight will become the largest owner of NGPL with a 62.5% economic ownership interest, alongside partner Kinder Morgan, Inc., which continues to own a 37.5% economic interest...

ArcLight acquires interest in Natural Gas Pipeline Company

ArcLight Capital Partners, LLC has announced its managed fund has acquired a 25% interest in Natural Gas Pipeline Company of America (NGPL), a strategic natural gas infrastructure system. As a result of the transaction, ArcLight will become the largest owner of NGPL with a 62.5% economic ownership interest, alongside its strategic partner Kinder Morgan, Inc. Kinder Morgan continues to own a 37.5% economic interest and operates NGPL.

ArcLight Closes $1.7B Deal with Brookfield for NGPL Interests

ArcLight Capital Partners has closed on its $1.7 billion deal with Brookfield Infrastructure, making the investment company the largest stake owner of the Kinder Morgan-operated Natural Gas Pipeline Co. of America.