A Closer Look at Kinder Morgan-El Paso
Kinder Morgan Energy Partners (KMP) has agreed to acquire El Paso Corp. (EP) for $37.8 billion, including all of El Paso's debt. El Paso is one of nation's the largest natural gas companies with exploration, production and transportation subsidiaries. Kinder Morgan is a set of interlocking companies, some only partially owned but all seemingly controlled by one individual, Richard D. Kinder.
To clarify, there are three publically traded Kinder Morgans. Kinder Morgan Inc. (KMI) can be viewed as the parent company. It is the general partner and owns approximately 11% of Kinder Morgan Energy Partners, and approximately 14% of Kinder Morgan Management (KMR). But Kinder Morgan Management owns approximately 29% of Kinder Morgan Energy Partners, so it could also be considered the parent company, too....581 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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