Columbia Pipeline Partners files for IPO

Columbia Pipeline Partners LP

Columbia Pipeline Partners LP (CPPL) has filed a registration statement with the Securities and Exchange Commission (SEC) for an initial public offering of CPPL's common units. CPPL intends to apply to list its common units on the New York Stock Exchange under the symbol "CPPL." 

CPPL was formed by NiSource Inc. to own, operate, and develop a portfolio of pipelines, storage and related midstream assets. CPPL's initial assets are expected to consist of a 14.6% interest in CPG OpCo LP, which will own substantially all of the natural gas transmission, storage and midstream assets of NiSource. CPPL expects to launch its initial public offering in the first quarter of 2015. 

Barclays and Citigroup will act as the joint book-running managers of the offering. Lazard is also acting as a financial advisor to NiSource. 

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