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August 14, 2014
08:54 EDTKMIKinder Morgan sees saving $20B in income taxes over 14 years from deal, WSJ says
Kinder Morgan (KMI) sees its $44B deal to consolidate its four entities into one creating about $20B in income-tax savings in the next 14 years, with Kinder Morgan spokesman Larry Pierce stating that the tax advantage isn't unique to this deal, reported The Wall Street Journal. "If someone purchases an office building for $100, they would be allowed to deduct $100 in tax depreciation over time. In our case, KMI is buying pipeline and terminal assets instead of a building, but the same principles apply," the Journal quoted Pierce as saying. Reference Link
News For KMI From The Last 14 Days
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October 2, 2015
18:24 EDTKMITennessee Gas Pipeline issues statement of MA DPU order on EDCs
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September 29, 2015
13:42 EDTKMIKinder Morgan announces additional gas capacity commitments to NED project
Kinder Morgan announced that its subsidiary, Tennessee Gas Pipeline Company, has executed agreements with producers, local distribution companies and a New York end-use market participant totaling 627,000 dekatherms per day for the Supply Path component of the proposed Northeast Energy Direct Project. The agreements will provide a direct supply link from abundant natural gas fields in Pennsylvania to existing and future Northeast and New England markets, and firm transport of incremental supplies for delivery at or near Wright, New York. From the Wright area, shippers can deliver into the Market Path component of the NED project for transport to Dracut, Massachusetts, or into TGP's existing pipeline system or into the Iroquois Gas Transmission system. The incremental gas supplies will help meet New York and New England's growing consumer and industrial gas needs, as well as helping to bolster electric reliability in the region. TGP is continuing to negotiate with additional potential shippers on the NED project, including LDCs and others, and expects to announce these commitments and others at a later date. NED's Supply Path component, from northeastern Pennsylvania to Wright, New York, is scalable up to 1.2 billion cubic feet per day, and its Market Path component is scalable up to 1.3 Bcf/d. The NED project, including the Supply Path and Market Path components, has a planned in-service date of November 2018, subject to regulatory approvals. Additionally, the NED Supply Path component and associated agreements are subject to approval by the Kinder Morgan board of directors.

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