Latham & Watkins Advises ArcLight Capital Partners in Completed Acquisition of NGPL

ArcLight Capital Partners, LLC announced its managed fund (collectively, ArcLight) has acquired an additional 25% interest in Natural Gas Pipeline Company of America (NGPL), a strategic natural gas infrastructure system. As a result of the transaction, ArcLight will become the largest owner of NGPL with a 62.5% economic ownership interest, alongside its strategic partner Kinder Morgan, Inc. (NYSE: KMI). Kinder Morgan continues to own a 37.5% economic interest and operates NGPL.

NGPL is one of the largest interstate pipeline systems in the country, spanning nine states, supplying critical power and heating markets across its footprint and liquefied natural gas facilities in Texas and Louisiana. With approximately 9,100 miles of pipeline, compressor stations totaling approximately 1 million horsepower, and 288 billion cubic feet of storage, NGPL provides critical energy, access, reliability, and supply from all major US natural gas basins.

Latham & Watkins LLP represented ArcLight in the transaction with a deal team led by Justin T. Stolte, Annelise Karreman, Warren Lilien, and Thomas Verity, with support from John Daywalt, Emma Green, Haley Sandoval, Stacey Hall, and Caroline Silverstein. Advice was also provided by Katharine Moir, Andrew Baker, Gregory Hannibal, and Yulong Li.