HOUSTON – Kinder Morgan, Inc. (NYSE: KMI) announced a strategic venture pursuant to which The Southern Company will acquire from KMI a 50 percent equity interest in Southern Natural Gas (SNG). Inclusive of existing SNG debt, the transaction equates to an SNG total enterprise value of approximately $4.15 billion which implies a value of $1.47 billion for The Southern Company’s 50 percent share of the equity interest.
Kinder Morgan attorneys involved in the transaction include:
David R. DeVeau, General Counsel; J. Curtis Moffatt, Deputy General Counsel; R. Eric McCord, Assistant General Counsel; Patricia S. Francis, Assistant General Counsel; Jordan H. Mintz, Chief Tax Officer; and Jeffrey A. Utay, Vice President, Tax
Bracewell attorneys involved in the transaction include:
Partners: W. Cleland Dade, Jason M. Jean, Gregory M. Bopp, Troy L. Harder, D. Kirk Morgan II, Aaron P. Roffwarg and Timothy A. Wilkins
Senior Counsel: Elena V. Rubinov
Associates: Aaron N. Carpenter, Mona M. Cannon, Yaniv M. Maman, Kathryn M. Schroeder and Caitlin E. Tweed