Cases & Deals

The Southern Company, Kinder Morgan finalize Southern Natural Gas pipeline strategic venture

Client(s) Southern Company, The

Jones Day advised The Southern Company ("Southern") in its acquisition from Kinder Morgan of a 50 percent equity interest in the 7,600-mile Southern Natural Gas ("SNG") pipeline system. Inclusive of debt, the transaction equates to an SNG total enterprise value of approximately $4.15 billion. Southern is one of the country's largest natural gas consumers and distributors. SNG is a principal transporter of natural gas to Alabama, Georgia, and South Carolina, one of the fastest-growing natural gas demand regions in the U.S.