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News Breaks | | | | January 30, 2013 | | 05:13 EDT |  | KMP, CPNO, KMI | KMP acquisition of Copano to be accretive to cash available to KMP unitholders
The acquisition of Copano (CPNO) is expected to be accretive to cash available for distribution to Kinder Morgan Energy (KMP) unitholders upon closing. The general partner of KMP, Kinder Morgan (KMI), has agreed to forego a portion of its incremental incentive distributions in 2013 in an amount dependent on the time of closing. Additionally, KMI intends to forgo $120M in 2014, $120M in 2015, $110M in 2016 and annual amounts thereafter decreasing by $5M per year from this level. The transaction is expected to be modestly accretive to KMP in 2013, given the partial year, and about 10c per unit accretive for at least the next five years beginning in 2014. | |
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News For KMP;CPNO;KMI From The Last 14 Days Check below for free stories on KMP;CPNO;KMI the last two weeks. |
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| May 16, 2013 | | 16:21 EDT | | KMP | Kinder Morgan's Tennessee Gas, Mitsubishi Corp sign transportation agreement
 Subscribe for More Information | | | May 14, 2013 | | 07:16 EDT |  | KMP | Citigroup to host a conference
2013 Global Energy & Utilities Conference is being held in Boston on May 14-16. | | | May 13, 2013 | | 16:57 EDT | | KMI, KMP | Kinder Morgan raises FY13 dividend to $1.60 per share from $1.57 per share
Kinder Morgan announced an increase in its projections for Kinder Morgan (KMI) and Kinder Morgan Energy Partners (KMP) primarily based on projected contributions from the Copano Energy acquisition, which closed on May 1. KMI now expects to declare dividends of $1.60 per share up from its published annual budget of $1.57 per share, which represents an increase of approximately 14% over its 2012 declared distribution of $1.40 per share. KMP now expects to declare cash distributions of $5.33 per unit, up from its 2013 published annual budget of $5.28 per unit, which represents a 7% increase over its 2012 declared distribution of $4.98 per unit. | | | 14:02 EDT | | KMP | Kinder Morgan Energy announces land purchase in Texas
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