ArcLight Capital Becomes Majority Owner of NGPL, KM Still Operator

Investment firm ArcLight Capital Partners, LLC, announced it has acquired an additional 25% interest in Natural Gas Pipeline Company of America (NGPL). As a result of the transaction, ArcLight will become the largest owner of NGPL with a 62.5% economic ownership interest, alongside partner Kinder Morgan, Inc., which continues to own a 37.5% economic interest and operates the pipeline. NGPL is the largest transporter of natural gas into the Chicago-area market, as well as one of the largest interstate pipeline systems in the country. It is also a major natural gas transporter to large LNG export facilities and other markets on the Texas and Louisiana Gulf Coast. Most importantly, Marcellus/Utica molecules flow into NGPL.

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