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Stock Market & Financial Investment News

News Breaks
November 14, 2012
12:01 EDTKMP, KMIEl Paso Natural Gas signs long-term contract to build new pipeline
El Paso Natural Gas, owned by Kinder Morgan Energy (KMP) and Kinder Morgan (KMI), has entered into a 25-year transportation precedent agreement in connection with plans to build a new pipeline to serve customers in Mexico. Terms call for EPNG, acting through its affiliate Sasabe Pipeline Company, to initially provide approximately 200M cubic feet per day of firm transportation capacity via a new, 60-mile, 36-inch diameter lateral pipeline that would extend from EPNG's existing south mainlines, near Tucson, Ariz., to the U.S.-Mexico border, terminating at Sasabe, Ariz. The proposed Sasabe Pipeline would interconnect via a new international border crossing with a 36-inch diameter natural gas pipeline to be built in Mexico. It is anticipated that FERC certificate and presidential permit applications will be filed in early 2013. Subject to regulatory approvals, construction of the Sasabe Lateral would begin in the first quarter of 2014, with anticipated in-service in September 2014.
News For KMP;KMI From The Last 14 Days
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August 25, 2014
12:41 EDTKMI, KMPKinder Morgan receives Hart-Scott-Rodino clearance
Kinder Morgan (KMI) announced the Federal Trade Commission has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act for its proposed acquisition of Kinder Morgan Energy Partners (KMP). The proposed acquisition was announced on Aug. 10, along with the proposed acquisitions of Kinder Morgan Management (KMR) and El Paso Pipeline (EPB), for which no HSR filings were required. The approximately $70B transaction is expected to close by the end of 2014 following unitholder and shareholder votes, and standard regulatory notifications and approvals.
August 19, 2014
07:07 EDTKMI, KMPKinder Morgan price target raised to $45 from $40 at RBC Capital
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