Kinder Morgan Incorporated

Kinder Morgan to combine its family of companies

Kinder Morgan to combine its family of companies

The group of oil and gas pipeline and storage companies controlled by Kinder Morgan but traded separately will combine and become the fourth biggest U.S. energy company by market value.

The companies announced that Kinder Morgan Inc., Kinder Morgan Energy Partners, Kinder Morgan Management and El Paso Pipeline Partners will all combine under the Kinder Morgan Inc. umbrella and trade under the KMI ticker symbol.

Houston-based Kinder Morgan Inc. says the total purchase price of the three other companies is $71 billion, including $27 billion of assumed debt.

The combination means Kinder Morgan will abandon a novel corporate structure it pioneered and leveraged to great...

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