ArcLight Acquires $865 Million Gulf Coast Pipeline Stake from Phillips 66
This Article Brought to you By: ArcLight Capital Partners, LLC has completed the acquisition of a 25% equity stake in Gulf Coast Express Pipeline LLC (GCX) from an affiliate of Phillips 66 for $865 million. Following the transaction, GCX is now co-owned by subsidiaries of Kinder Morgan Inc. (KMI) and ArcLight, with KMI continuing as […]