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Posted: 6:47 PM Nov 6, 2009
Denver Company Buys Mississippi, Alabama Pipelines
Denver, Colo. A Denver company has purchased a dozen pipelines in Mississippi and Alabama, including one that runs through Meridian.
Reporter: The Associated Press |
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Enbridge Energy Partners LP has closed on the sale of 12 natural gas pipeline assets to American Midstream Partners LP for $151 million.
Houston-based Enbridge said it completed the sale Wednesday and will use the proceeds to finance an expansion program through 2010.
The assets include interstate gas pipelines and a network of intrastate pipelines, and gathering and processing systems in Louisiana, Mississippi, Alabama and Tennessee.
Denver-based American Midstream is a private partnership that operates and developments energy assets.
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