ArcLight ups stake in Natural Gas Pipeline Company of America

• Natural Gas Pipeline Company of America transports natural gas into the Chicago-area market
• As a result of the deal, ArcLight’s ownership in the company increased to 37.5 percent, while Brookfield Infrastructure retains a 25 percent interest
• Kinder Morgan continues to operate the pipeline and holds a 37.5 percent interest

ArcLight Capital Partners has acquired an incremental 12.5 percent interest in Natural Gas Pipeline Company of America, an interstate pipeline system that transports natural gas into the Chicago-area market. No financial terms were disclosed.

The seller is Brookfield Infrastructure Partners, an affiliate of Brookfield Asset Management.

As a result of the deal, ArcLight’s ownership in NGPL increased to 37.5 percent, while Brookfield Infrastructure retains a 25 percent interest. Kinder Morgan continues to operate the pipeline and holds a 37.5 percent interest.

“Our investment in NGPL continues to be highly representative of ArcLight’s thesis in strategic natural gas infrastructure,” said Lucius Taylor, a partner at ArcLight, in a statement. “NGPL provides critical energy reliability and security services to utilities, enables increasing electrification in the U.S. and supports the generational shift in supply-demand fundamentals driven by LNG export growth. In addition, we believe NGPL serves as a critical enabler to the future development of energy transition infrastructure. We are excited to further invest in our longstanding partnership with Kinder Morgan, a highly sophisticated operator with industry leading ESG credentials.”

Based in Boston, ArcLight Capital Partners is a mid-market, value-add infrastructure investment firm. It was founded in 2001.