ArcLight Acquires an Incremental Interest in Natural Gas Pipeline Company of America LLC from Brookfield Infrastructure
BOSTON, June 15, 2023 /PRNewswire/ -- An affiliate of ArcLight Capital Partners, LLC ("ArcLight") has acquired an incremental 12.5% interest in Natural Gas Pipeline Company of America LLC ("NGPL") from Brookfield Infrastructure Partners L.P. (NYSE:BIP, TSX:BIP) ("Brookfield Infrastructure"). As a result of this transaction, ArcLight's ownership in NGPL increased to 37.5% while Brookfield Infrastructure retains a 25% interest. Kinder Morgan, Inc. (NYSE:KMI) continues to operate the pipeline and holds a 37.5% interest in NGPL.
"Our investment in NGPL continues to be highly representative of ArcLight's thesis in strategic natural gas infrastructure. NGPL provides critical energy reliability and
