Tallgrass Energy closes purchase

Tallgrass Energy Partners (TEP) and Tallgrass Energy GP (TEGP), collectively referred to as Tallgrass Energy, have announced that a wholly owned subsidiary of TEP has closed on the purchase of a 25% membership interest in Rockies Express Pipeline LLC (REX) from a unit of Sempra US Gas and Power for cash consideration of approximately US$440 million.

You can join Tallgrass Energy for a conference call and webcast to discuss the REX acquisition at 10:00 a.m. Central Time on Tuesday, 17 May 2016. Interested parties may listen via a link posted on the Investor Relations section of the company’s website and the replay will be available on the website for at least seven days following the live call. Presentation materials that will facilitate the discussion will be posted to the Investor Relations section of the website on Tuesday, 17 May 2016.

Edited from source by Stephanie Roker

Read the article online at: https://www.worldpipelines.com/business-news/10052016/tallgrass-energy-closes-purchase/