SO is buying 50% of SONAT from KMI, as multiple people have pointed out, including someone from Southern Company. Unfortunately SO is not just investing in existing pipelines: this purchase is about “specific growth opportunities”, and yes, it’s tied to SO’s recent purchase of AGL. Southern Company needs to stop plugging dying 20th century fossil fuels and get on with what it’s already started with solar power (and offshore wind).
Southern Company PR 10 July 2016, Southern Company, Kinder Morgan enter Southern Natural Gas pipeline strategic venture, Continue reading