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News Breaks | | | | January 14, 2013 | | 09:01 EDT |  | KMP | Kinder Morgan to invest $170M to expand terminal network on Houston ship channel
Kinder Morgan Energy announced an expansion project and acquisition that will provide additional infrastructure to help meet growing demand for liquids storage and dock services along the Gulf Coast. The combined investment of approximately $170M will include the purchase of 42 acres, construction of a new ship dock to handle ocean going vessels and building 1.2 million barrels of liquids storage tanks. KMP has entered into a letter of intent with a major ship channel refiner to develop six 150,000-barrel tanks and four 75,000-barrel tanks with connectivity to its Galena Park Terminal and to the refiner’s location. The property will be used to provide dock services for up to eight vessels a month for the refinery and four vessels a month for KMP’s terminal. | |
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News For KMP From The Last 14 Days Check below for free stories on KMP 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 | | 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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