NextEra Sells Houston Natgas Pipeline to ARM Energy for $203 Million

The Monument Pipeline provides natural gas transportation and marketing services to end-users in the Houston area and will be operated by affiliates of ARM Energy.

Hart Energy Staff
NextEra Sells Houston Natgas Pipeline to ARM Energy for $203 Million

Proceeds from the sale of the Monument Pipeline, part of NextEra Energy Partners' Texas pipelines portfolio, will be used to boost the Juno Beach, Florida-based company's renewable energy portfolio. (Source: Hart Energy; Shutterstock.com)

ARM Energy Holdings LLC on April 4 acquired Monument Pipeline LP, a Houston-based natural gas pipeline, from affiliates of NextEra Energy Partners LP for $203 million.

Monument is a natural gas transportation system with approximately 156 miles of pipeline originating at the Katy Hub, with connections to the Houston Ship Channel, La Porte and League City market areas. The pipeline also services several residential city gates in high-growth areas of the Greater Houston metroplex.

Through Monument’s extensive existing footprint and growth potential, ARM will expand its marketing reach to a diverse group of additional end-users, according to an ARM Energy company release.

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