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