Pipeline Partners LP has purchased a remaining 65-percent
interest in PL Midstream LLC from Boardwalk Pipeline Holdings
Corp. for $269 million.
The Houston-based natural gas company said Monday that PL
Midstream provides storage, pipeline and other services to
customers in the petrochemical and natural gas sectors through
two hubs in southern Louisiana. The Baton Rouge, La.-based
companys assets include more than 240 miles of pipeline
and the biggest ethylene distribution system in the state,
Boardwalk Pipeline Partners said.