Crestwood Equity Partners and Consolidated Edison, Inc. (Con Edison) yesterday announced they are selling their 50/50 joint venture in Stagecoach Gas Services to pipeline giant Kinder Morgan for $1.225 billion in cash. Stagecoach consists of four natural gas storage facilities and 185 miles of natural gas pipelines located in the Marcellus/Utica with multiple interconnects to major interstate natural gas pipelines, including Tennessee Gas Pipeline, a Kinder Morgan subsidiary.
Crestwood Equity Partners and Consolidated Edison, Inc. (Con Edison) yesterday announced they are selling their 50/50 joint venture in Stagecoach Gas Services to pipeline giant Kinder Morgan for $1.225 billion in cash. Stagecoach consists of four natural gas storage facilities and 185 miles of natural gas pipelines located in the Marcellus/Utica with multiple interconnects to major interstate natural gas pipelines, including Tennessee Gas Pipeline, a Kinder Morgan subsidiary.