Sempra completes Rockies Express transaction
Published by Elizabeth Corner,
Senior Editor
World Pipelines,
Sempra US Gas & Power, a unit of Sempra Energy, has announced that it has completed the previously announced transaction with Tallgrass Energy Partners, LP to sell Sempra US Gas & Power's 25% interest in Rockies Express Pipeline LLC for approximately US$440 million in cash.
Rockies Express Pipeline LLC is a Delaware limited liability company engaged in the ownership and operation of the Rockies Express Pipeline, a 1712 mile natural gas transmission pipeline that extends from Opal, Wyoming, and Meeker, Colorado, to Clarington, Ohio, and is one of the largest natural gas pipelines ever constructed in North America.
A wholly owned subsidiary of Tallgrass Development, LP operates the pipeline. Tallgrass Development, LP and Tallgrass Energy Partners are members of the Tallgrass Energy family of companies, which also includes Tallgrass Energy GP, LP.
Edited from source by Elizabeth Corner
Read the article online at: https://www.worldpipelines.com/business-news/10052016/sempra-completes-rockies-express-transaction/
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