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Kinder Morgan to Acquire NextEra Energy Partners' Texas Pipelines for $1.82 Billion
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Kinder Morgan to Acquire NextEra Energy ...
Kinder Morgan to Acquire NextEra Energy ...
Overview
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Kinder Morgan, a U.S. pipeline operator, is set to acquire NextEra Energy Partners' gas pipelines in South Texas for $1.82 billion. The deal is expected to close in Q1 2024 and aims to consolidate the oil and gas pipeline business. NextEra Energy Partners' shares have declined following a lower distribution growth forecast.
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How might the decline in NextEra Energy Partners' shares impact the overall energy industry?
What are the implications of Kinder Morgan's funding approach for the company's balance sheet?
What are the potential benefits and challenges of the consolidation in the oil and gas pipeline business?
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