Crestwood Equity Partners form join venture with Consolidated Edison

Crestwood Equity Partners LP (NYSE: CEQP) entered a joint venture with Consolidated Edison (NYSE: ED) to own and develop Crestwood's existing natural gas pipeline and storage business in northern Pennsylvania and southern New York. Shares of Crestwood Equity Partners surged $5.38 to close at $18.16 while Consolidated Edison stock tumbled $2.36 to close at $71.10.