NEW YORK Kinder Morgan
Energy Partners LP has completed the sale of its one-third
interest in the Express-Platte Pipeline System to Houston-based
Spectra Energy Corp. for around $380 million.
The 1,717-mile oil pipeline
system connects Canadian and U.S. producers to refineries in
the Rocky Mountain and Midwest regions, according to
Houston-based Kinder Morgan.
Spectra agreed to acquire the system from Kinder Morgan as
well as its other owners, Borealis Infrastructure and the
Ontario Teachers Pension Plan, for $1.49 billion late
last year (
amm.com, Dec. 11).