Kinder Morgan has agreed to acquire Stagecoach Gas Services, a natural gas pipeline and storage joint venture in the Northeast between Consolidated Edison and Crestwood Equity Partners.
Stagecoach consists of four natural gas storage facilities with a total capacity of 41 billion cubic feet and 185 miles of natural gas pipelines. Stagecoach has multiple interconnects to major interstate natural gas pipelines, including Tennessee Gas Pipeline, a KMI subsidiary.
“Acquiring Stagecoach will enhance our service to customers in this part of the country,” said Kimberly Watson, president of Interstate natural gas pipelines at KMI. “These natural gas pipeline and storage facilities help connect natural gas supply sources and Northeast demand areas.”
She added: “Natural gas has long been responsible for providing heat and hot water to homes and businesses in the Northeast, and it now has an increasingly vital role as a reliable, low emissions partner backing up
