Kinder Morgan (NYSE:KMI) will become the third largest energy company in the world after it completes a plan to bring all its limited partnerships under one roof, in a $70 billion megadeal that consolidates its business and eliminates the master limited partnership structure. Kinder Morgan's acquisition of Kinder Morgan Energy Partners, Kinder Morgan Management, and El Paso Pipeline Partners will create a network of 80,000 miles of pipelines and 180 terminals, making the new Kinder Morgan a behemoth North America energy company.

In this segment of The Motley Fool's Where the Money Is, energy analysts Joel South and Taylor Muckerman break down the merits of this deal, how it simplifies investment options for Kinder Morgan family stock owners, and what the extra cash and assets mean for the new megacompany's growth and operations.

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Joel South has no position in any stocks mentioned. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool recommends Kinder Morgan. The Motley Fool owns shares of Kinder Morgan. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.