Private Equity
A sign hangs from a fence at a Kinder Morgan facility at the harbor in Los Angeles, California, August 28, 2006. (Tim Rue/Bloomberg) HOUSTON — Kinder Morgan plans to sell partial stakes in two projects representing $3 billion in investment to private equity groups, executives said Wednesday. The deals, which would carve off parts of the planned $2 billion Elba Island liquefied natural gas facility and the $1.1 billion Palmetto refined products pipeline, are part of Kinder Morgan’s push to slash capital spending amid an oil bust that has sharply limited its access to capital. In a presentation to analysts...