Kinder Morgan completed the acquisition of Stagecoach Gas Services from Consolidated Edison and Crestwood for $1.23bn.

Kinder Morgan, an energy infrastructure company, completed the acquisition of Stagecoach Gas Services, a natural gas pipeline and storage company, from Consolidated Edison, an energy company, and Crestwood Equity Partners, a holding company, for $1.23bn. “Acquiring Stagecoach will enhance our service to customers in this part of the country. These natural gas pipeline and storage facilities help connect natural gas supply sources and Northeast demand areas. Natural gas has long been responsible for providing heat and hot water to homes and businesses in the Northeast, and it now has an increasingly vital role as a reliable, low emissions partner backing up growing renewable power generation. We look forward to integrating these facilities into our suite of existing assets in the region,” Kimberly S. Watson, Kinder Morgan President of Interstate Natural Gas Pipelines.