Enron castoffs became pipeline empire - Houston Chronicle: "The loss marked the beginning of the end for the one-time energy giant as it began its spiral to a Dec. 2, 2001, bankruptcy filing, thousands of local layoffs, the collapse of the energy trading business and years of criminal and civil litigation.
On Oct. 16 a decade later, Rich Kinder's company, Kinder Morgan Inc., announced plans to acquire natural gas pipeline giant El Paso Corp. in a $21.1 billion deal that will make Kinder Morgan the fourth-largest energy-related business in the country behind oil giants Exxon Mobil Corp., Chevron Corp. and ConocoPhillips.
The deal may be the pinnacle of a 15-year journey that saw Kinder take a handful of unwanted pipelines from Enron and build them into a booming energy empire.
It took a combination of patience, conservative budgets and the skillful use of a once-esoteric business structure known as a master limited partnership."
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