A PYMNTS Company

Kinder Morgan’s FTC settlement requires sale of three Rocky Mountain gas pipelines

By  |  May 1, 2012
Kinder Morgan’s FTC settlement requires sale of three Rocky Mountain gas pipelines

The Federal Trade Commission has issued a proposed settlement order to resolve antitrust concerns with Kinder Morgan’s $38 billion acquisition of El Paso Corporation. Kinder Morgan is one of the country’s largest gas and energy transporters; El Paso stores, processes, and transports natural gas. Under the terms of the settlement, Kinder Morgan will have to divest three natural gas pipelines (Rockies Express, Kinder Morgan Interstate Gas Transmission, Trailblazer), two gas processing plants, and associated storage capacity. The assets are to be divested within 180 days, along with transitional support to be provided by Kinder Morgan.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The sales will protect the natural gas pipeline transportation and processing markets in the Rocky Mountain area, which are highly concentrated. The settlement will protect natural gas shippers from higher transportation costs that would otherwise result from the acquisition.

    Full content: FTC Press Release

     

    Related content: Screens in the Gas Retail Market: The Brazilian Experience (Carlos Ragazzo, CADE-Administrative Council for Economic Defense)

     

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.