Announced
Completed
Synopsis
Kinder Morgan, an oil and gas pipelines and terminals operator, completed the acquisition of the Texas natural gas pipeline portfolio of NextEra Energy Partners, an American energy company, for $1.8bn. "This agreement is an important next step in NextEra Energy Partners' transition plans. Upon closing, the proceeds would be sufficient to pay off the outstanding project-related debt and address the equity buyouts of the STX Midstream and NEP Renewables II convertible equity portfolio financings," John Ketchum, NextEra Energy Partners Chairman and CEO.
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