Houston, 10 November 2023 – A team from global law firm Hogan Lovells has guided NextEra Energy Partners, LP in the sale of its Texas natural gas pipeline portfolio to Kinder Morgan in a transaction valued at US$1.815 billion.
The closing of the sale, which is planned to occur in the first half of 2024, is subject to receipt of Hart-Scott-Rodino anti-trust approval, the effectiveness of certain contract amendments and customary closing conditions. The Texas natural gas pipeline portfolio is primarily comprised of seven pipelines which provide natural gas to Mexico and power producers and municipalities in South Texas.
The Hogan Lovells team was led by Houston-based Corporate & Finance partners Greg Hill and Niki Roberts, and associate Josh Ling (Houston), with support from senior counsels Michele Harrington (Northern Virginia) and Daniel Davidson (Washington, D.C.), counsel Caitlin Piper (Washington, D.C.), and associate Mariana Amaral (Washington, D.C.).
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