Power Group Online Article |  | |
2 April 2007 -- Kinder Morgan, Inc. has completed the sale of its U.S. natural gas retail distribution and related operations serving over 260,000 customers in Colorado, Nebraska, Wyoming, as well as Hermosillo, Mexico, to GE Energy Financial Services and Alinda Investments LLC for $710 million plus working capital. The retail business serves customers through more than 11,900 miles of distribution and transmission pipelines, underground storage fields and related facilities. The transaction, previously announced on August 14, 2006, has received all required regulatory approvals.
The GE unit also has investments in 7,700 miles of interstate natural gas pipelines in North America. Alinda is an affiliate of Alinda Capital Partners LLC, a privately-held firm that invests in infrastructure assets that provide essential services and is a 50 percent owner with GE Energy Financial Services.
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