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Stock Market & Financial Investment News

News Breaks
March 14, 2014
08:32 EDTKMIKinder Morgan expects to meet or exceed FY14 financial expectations
The company said, "FY14 is off to a great start and the future outlook for the Kinder Morgan companies remains very bright. We have identified approximately $14.8B in expansion and joint venture investments that we are confident will contribute to our growth, and we are pursuing customer commitments for many more projects. Since our FY14 budget was announced in early December of 2013, KMP has completed an approximately $962M acquisition of crude oil tankers that are engaged in marine transportation for U.S. domestic trade through the Jones Act, and Tennessee Gas Pipeline completed a successful binding open season for incremental, north to south natural gas transportation capacity totaling 500K dekatherms per day, which will move gas from the Marcellus and Utica shales to multiple delivery points on the Gulf Coast.”
News For KMI From The Last 14 Days
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July 28, 2015
10:31 EDTKMIKinder Morgan starts binding open season for Mier-Monterrey pipeline expansion
Kinder Morgan Gas Natural de Mexico, a subsidiary of Kinder Morgan, announced the start of a binding open season to solicit interest for incremental firm natural gas transportation service on its Mier-Monterrey pipeline, which would expand capacity to approximately 1.34B cubic feet per day. The expansion project, which would be completed by the fourth quarter of 2017, will consist of the looping of the existing Mier-Monterrey pipeline system from the Mexico-United States border to Huinalá, Nuevo León, Mexico, and a new lateral from Pesquería, Nuevo León, Mexico, to Escobedo, Nuevo León, Mexico. The open season bid period begins on Aug. 13, 2015, and ends at 5 p.m. Central Time on Aug. 22, 2015.
July 24, 2015
16:44 EDTKMIUIL Holdings to invest in natural gas pipeline project
UIL Holdings Corporation (UIL) will invest in a natural gas transmission pipeline project that, when complete, is expected to alleviate capacity constraints in the system that serves New England and the northeast region. UIL announced its investment in the development of Kinder Morgan’s (KMI) proposed Northeast Energy Direct natural gas pipeline project, which will extend approximately 188 miles of new transmission pipeline from New York State, through Massachusetts and New Hampshire. The new pipeline is expected to begin commercial operation in 2018. Under an agreement signed this week, UIL has acquired a 2.5% interest, or approximately $80M, in Northeast Expansion. UIL will also have additional options -- under limited circumstances -- to increase its equity participation. Northeast Expansion is the joint venture responsible for development, construction and ownership of the new pipeline, which will be part of Kinder Morgan’s Tennessee Gas Pipeline system.

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