DT Midstream completed the acquisition of an additional 26.25% stake in Millennium Pipeline for $552m.

DT Midstream, an operator of natural gas interstate and intrastate pipelines, completed the acquisition of an additional 26.25% stake in Millennium Pipeline, a gas distribution company, for $552m. “Increasing our ownership in a premium integrated asset like Millennium Pipeline directly aligns with our strategic investment thesis and accelerates our growth plan. This transaction also increases the revenue contribution from our pipeline segment, underpinned by take-or-pay contracts with high credit quality customers,” David Slater, DT Midstream President and CEO.