NGPL traces its history to the Continental Construction Corporation, which changed its name to the Natural Gas Pipeline Company of America in December 1931.
[13] In October 1981, Peoples Energy spun off NGPL and five other natural gas pipeline subsidiaries into a new publicly traded holding company named MidCon.
When the deal closed in January 1998, KN Energy became the owner of the second-largest natural gas pipeline system in the United States.
[16] In July 1999, KN Energy agreed to buy natural gas pipeline operator Kinder Morgan, Inc. for $506 million in stock.
In February 2009, it sold an 80 percent interest in the pipeline firm to Myria Holdings,[21] an investment holding company formed by Brookfield Infrastructure Partners, SteelRiver Infrastructure Partners, the Canadian Public Sector Pension Investment Board, and the Dutch pension fund PGGM.
[22] Kinder Morgan and Brookfield each sold 12.5 percent of their stake in NGPL in February 2021 to ArcLight Capital Partners (owners of Gulf Oil LP) for $830 million.