Announced
Completed
Synopsis
ArcLight Capital, an infrastructure investment firm, completed the acquisition of an additional 12.5% stake in Natural Gas Pipeline Company of America from Brookfield Infrastructure, a global infrastructure company. Financial terms were not disclosed. "Our investment in NGPL continues to be highly representative of ArcLight's thesis in strategic natural gas infrastructure. NGPL provides critical energy reliability and security services to utilities, enables increasing electrification in the US and supports the generational shift in supply-demand fundamentals driven by LNG export growth. In addition, we believe NGPL serves as a critical enabler to the future development of energy transition infrastructure. We are excited to further invest in our longstanding partnership with Kinder Morgan, a highly sophisticated operator with industry leading ESG credentials," Lucius Taylor, ArcLight Partner.
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