NGPL PipeCo LLC Announces Sale of Indirect Interest in NGPL Holdings LLC
March 21 2025 - 2:00PM
Business Wire
Brookfield Infrastructure Partners L.P. has
agreed to sell entities to ArcLight Capital Partners, LLC
NGPL PipeCo LLC (PipeCo) today announced that Brookfield
Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN) has agreed to
sell entities that hold its entire 25.0% minority interest in NGPL
Holdings LLC (NGPL Holdings), PipeCo’s indirect parent company, to
one or more funds controlled by ArcLight Capital Partners, LLC
(ArcLight). Upon closing, ArcLight funds will hold a 62.5% interest
in NGPL Holdings. Kinder Morgan, Inc. (NYSE: KMI) continues to
operate PipeCo’s pipeline assets and holds a 37.5% interest in NGPL
Holdings. The transaction is expected to close in the second
quarter of 2025, subject to customary closing conditions.
Natural Gas Pipeline Company of America LLC (NGPL), an
indirectly wholly owned subsidiary of NGPL Holdings and PipeCo, is
the largest transporter of natural gas into the high-demand
Chicago-area market as well as one of the largest interstate
pipeline systems in the country. It is also a major transporter of
natural gas to large liquefied natural gas (LNG) export facilities
and other markets located on the Texas and Louisiana Gulf Coast.
NGPL has approximately 9,100 miles of pipeline, more than 1 million
compression horsepower and 288 billion cubic feet of working
natural gas storage. NGPL provides its customers access to all
major natural gas supply basins directly and through its numerous
interconnects with intrastate and interstate pipeline systems.
About Brookfield Infrastructure
Partners L.P.
Brookfield Infrastructure is a leading global infrastructure
company that owns and operates high-quality, long-life assets in
the utilities, transport, midstream and data sectors across the
Americas, Asia Pacific and Europe. We are focused on assets that
have contracted and regulated revenues that generate predictable
and stable cash flows. Investors can access its portfolio either
through Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX:
BIP.UN), a Bermuda-based limited partnership, or Brookfield
Infrastructure Corporation (NYSE, TSX: BIPC), a Canadian
corporation. Further information is available at
https://bip.brookfield.com.
Brookfield Infrastructure is the flagship listed infrastructure
company of Brookfield Asset Management, a global alternative asset
manager, headquartered in New York, with over $1 trillion of assets
under management. For more information, go to
https://brookfield.com.
About ArcLight Capital Partners,
LLC
ArcLight is a leading infrastructure investor which has been
investing in critical electrification infrastructure since its
founding in 2001. ArcLight has owned, controlled or operated over
~65 GW of assets and 47,000 miles of electric and gas transmission
and storage infrastructure representing $80 billion of enterprise
value. ArcLight has a long and proven track record of value-added
investing across its core investment sectors including power,
hydro, solar, wind, battery storage, electric transmission and
natural gas transmission and storage infrastructure to support the
growing need for power, reliability, security, and sustainability.
ArcLight's team employs an operationally intensive investment
approach that benefits from its dedicated in-house strategic,
technical, operational, and commercial specialists, as well as the
firm's ~1,900-person asset management partner. For more
information, please visit www.arclight.com.
About Kinder Morgan,
Inc.
Kinder Morgan, Inc. (NYSE: KMI) is one of the largest energy
infrastructure companies in North America. Access to reliable,
affordable energy is a critical component for improving lives
around the world. We are committed to providing energy
transportation and storage services in a safe, efficient and
environmentally responsible manner for the benefit of the people,
communities and businesses we serve. We own an interest in or
operate approximately 79,000 miles of pipelines, 139 terminals, 702
Bcf of working natural gas storage capacity and have renewable
natural gas production capacity of approximately 5.6 Bcf per year
with an additional 0.8 Bcf in development. Our pipelines transport
natural gas, refined petroleum products, crude oil, condensate,
carbon dioxide, renewable fuels and other products, and our
terminals store and handle various commodities, including gasoline,
diesel fuel, jet fuel, chemicals, metals, petroleum coke, and
ethanol and other renewable fuels and feedstocks. Learn more about
our work advancing energy solutions on the lower carbon initiatives
page at www.kindermorgan.com.
Important Information Relating to
Forward-Looking Statements
This news release includes forward-looking statements.
Generally, the words “expects,” “believes,” anticipates,” “plans,”
“will,” “shall,” “estimates,” and similar expressions identify
forward-looking statements, which are generally not historical in
nature. Forward-looking statements in this news release include
express or implied statements concerning the proposed transaction,
including the parties’ ability to satisfy customary conditions to
closing and the anticipated timing of closing. Forward-looking
statements are subject to risks and uncertainties and are based on
the beliefs and assumptions of management, based on information
currently available to them. Although PipeCo believes that these
forward-looking statements are based on reasonable assumptions, it
can give no assurance as to when or if any forward-looking
statements will materialize. Important factors that could cause
actual results to differ materially from those expressed in or
implied by these forward-looking statements include the ability of
the parties to satisfy customary conditions to closing of the
transaction. Forward-looking statements speak only as of the date
they were made, and except to the extent required by law, PipeCo
undertakes no obligation to update any forward-looking statement
because of new information, future events or other factors. Because
of these risks and uncertainties, readers should not place undue
reliance on forward-looking statements.
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KINDER MORGAN CONTACTS Media Relations
newsroom@kindermorgan.com Investor Relations (800) 348-7320
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