STX Midstream — South Texas natural gas pipeline assets (NET Mexico pipeline 90% interest, Dos Caminos 50% interest)
NEP divests gas pipeline assets as part of strategy to become 100% renewable. STX generated ~$181M adjusted EBITDA in 2023. Proceeds used to reduce CEPF buyout obligations. NEP (now XPLR Infrastructure) retains 8 GW wind + 1.8 GW solar.
$1.81B
Deal Value
Other
Technology
TX
Location
Deal Details
- Deal Type
- Project
- Seller / Sponsor
- NextEra Energy Partners
- Buyer / Financier
- Kinder Morgan
- Deal Value
- $1.815B
- Stage
- Operating
- ISO/RTO
- ERCOT
- Source
- NextEra Energy Partners
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