Kinder Morgan to buy Stagecoach Gas Services for $1.23 billion

FILE PHOTO: The headquarters of U.S. energy exporter and pipeline operator Kinder Morgan Inc. is seen in Houston

(Reuters) – Pipeline operator Kinder Morgan Inc said on Tuesday it has agreed to buy Stagecoach Gas Services LLC, a natural gas pipeline and storage joint venture between Consolidated Edison Inc and Crestwood Equity Partners LP, for $1.23 billion.

(Reporting by Rithika Krishna in Bengaluru; Editing by Shounak Dasgupta)