Article: Omaha, Neb.-Based Northern Border Partners Buys Gas Pipeline.

By Mark Kawar, Omaha World-Herald, Neb. Knight Ridder/Tribune Business News

Nov. 12--Northern Border Partners L.P. of Omaha said Friday that it has agreed to buy one pipeline company and a portion of another for $152 million.

Xcel Energy of Minneapolis sold Viking Gas Transmission Co. to Northern Border for stock and the assumption of $40 million in debt. The sale includes Viking's one-third interest in Guardian Pipeline.

Bill Cordes, Northern Border's chief executive, said the acquisitions will add earnings before interest, taxes, depreciation and amortization (EBITDA) of $22 million to $23 million in 2003. Northern Border's EBITDA for ...

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