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Kinder Morgan Energy selling some assets for $1.8B

By Washington Examiner
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HOUSTON (AP) — Kinder Morgan Energy Partners LP on Monday said it reached a deal to sell some of its assets to Tallgrass Energy Partners LP for about $1.8 billion in cash, a move necessary for its parent, Kinder Morgan Inc., to get regulatory approval for its $20 billion buyout of El Paso Corp.

Kinder Morgan Inc. owns the general partner and limited partner interests in Kinder Morgan Energy. The Houston company reached a deal with the Federal Trade Commission in March to sell certain assets in the Rockies in order to get approval for the El Paso transaction. The company completed the El Paso acquisition in May.

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