Reuters: Regulatory News: Kinder Morgan sells Rocky mountain assets for $1.8 billion

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Kinder Morgan sells Rocky mountain assets for $1.8 billion Aug 20th 2012, 12:50 Mon Aug 20, 2012 8:50am EDT Aug 20 (Reuters) - Kinder Morgan Energy Partners LP will sell certain assets in the Rocky mountains area to privately held Tallgrass Energy Partners LP for $1.8 billion in cash to secure regulatory approval for its $23 billion buy of rival El Paso Corp. Kinder Morgan said in March that it had reached an agreement with the Federal Trade Commission to divest certain assets in the Rockies. Including debt, the deal is valued at $3.3 billion. The company said it will divest its Interstate gas transmission assets, trailblazer pipeline company, the Casper-Douglas natural gas processing and West Frenchie Draw treating facilities in Wyoming and a 50 percent interest in the Rockies express pipeline.

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