NEB Establishes Generic Process to Address Provincial and Municipal Permit Issues Regarding Trans Mountain Expansion Project
January 18 2018 - 9:07PM
Business Wire
Kinder Morgan, Inc. (NYSE: KMI) is pleased with the National
Energy Board’s (NEB) decision today setting down a generic process
to hear any future motions as they relate to provincial and
municipal permitting issues.
“Creation of a process that is open, fair and provides certainty
for all parties is good news and is an important component of the
assurances we need for the successful execution of the Trans
Mountain Expansion Project,” said Ian Anderson, President of Kinder
Morgan Canada Limited.
Kinder Morgan is committed to continuing to work with local
authorities in good faith and will be reviewing the decision in
more detail.
The NEB and the Government of Canada considered timing and
schedule in their determination that the Project is in the public’s
interest. Timely execution of the Project is necessary for Trans
Mountain to provide the needed transportation capacity to access
global oil markets and maximize related economic benefits to all
Canadians including local, regional and Aboriginal communities.
Kinder Morgan, Inc. (NYSE: KMI) is one of the largest energy
infrastructure companies in North America. It owns an interest in
or operates approximately 85,000 miles of pipelines and
152 terminals. KMI’s pipelines transport natural gas, refined
petroleum products, crude oil, condensate, CO2 and other products,
and its terminals transload and store petroleum products, ethanol
and chemicals, and handle such products as steel, coal and
petroleum coke. It is also a leading producer of CO2 that we and
others use for enhanced oil recovery projects primarily in the
Permian basin. For more information please visit
www.kindermorgan.com.
Important Information Relating to
Forward-Looking Statements
This news release includes forward-looking statements within the
meaning of the U.S. Private Securities Litigation Reform Act of
1995 and Section 21E of the Securities and Exchange Act of 1934.
Generally the words “expects,” “believes,” anticipates,” “plans,”
“will,” “shall,” “estimates,” and similar expressions identify
forward-looking statements, which are generally not historical in
nature. Forward-looking statements are subject to risks and
uncertainties and are based on the beliefs and assumptions of
management, based on information currently available to them.
Although KMI believes that these forward-looking statements are
based on reasonable assumptions, it can give no assurance that any
such forward-looking statements will materialize. Important factors
that could cause actual results to differ materially from those
expressed in or implied from these forward-looking statements
include the risks and uncertainties described in KMI’s reports
filed with the Securities and Exchange Commission (SEC), including
its Annual Report on Form 10-K for the year-ended December 31, 2016
(under the headings “Risk Factors” and “Information Regarding
Forward-Looking Statements” and elsewhere) and its subsequent
reports, which are available through the SEC’s EDGAR system at
www.sec.gov and on our website at ir.kindermorgan.com.
Forward-looking statements speak only as of the date they were
made, and except to the extent required by law, KMI undertakes no
obligation to update any forward-looking statement because of new
information, future events or other factors. Because of these risks
and uncertainties, readers should not place undue reliance on these
forward-looking statements.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20180118006532/en/
Kinder Morgan, Inc.Media RelationsDave Conover,
713-369-9407dave_conover@kindermorgan.comorInvestor
Relations800-348-7320km_ir@kindermorgan.comwww.kindermorgan.com
Kinder Morgan (NYSE:KMI)
Historical Stock Chart
From Mar 2024 to Apr 2024
Kinder Morgan (NYSE:KMI)
Historical Stock Chart
From Apr 2023 to Apr 2024