Kinder Morgan Announces 501-G Settlements
April 08 2019 - 9:05AM
Business Wire
Kinder Morgan, Inc. (NYSE: KMI) is pleased to announce that
Tennessee Gas Pipeline (TGP) and El Paso Natural Gas (EPNG) have
agreed to settlements with their shippers to address issues raised
by the Federal Energy Regulatory Commission's (FERC) 501-G process.
KMI was very happy to work with our shippers without the need for
litigation or any additional intervention by the FERC. Rate
adjustments set forth in the agreements by TGP and EPNG will have a
combined approximately $50 million EBITDA impact for 2019; and when
fully implemented, will have an approximately $100 million combined
annual impact on EBITDA. KMI expects that these two agreements,
pending approval by FERC, should resolve the vast majority of KMI's
501-G exposure.
About Kinder Morgan,
Inc.
Kinder Morgan, Inc. is one of the largest energy infrastructure
companies in North America. We own an interest in or operate
approximately 84,000 miles of pipelines and
157 terminals. Our pipelines transport natural gas, refined
petroleum products, crude oil, condensate, CO2 and other
products, and our terminals transload and store liquid commodities
including petroleum products, ethanol and chemicals, and bulk
products, including petroleum coke, metals and ores. For more
information, please visit www.kindermorgan.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190408005275/en/
Dave ConoverMedia Relations(713)
420-6397newsroom@kindermorgan.com
Investor Relations(800)
348-7320km_ir@kindermorgan.comwww.kindermorgan.com
Kinder Morgan (NYSE:KMI)
Historical Stock Chart
From Apr 2024 to May 2024
Kinder Morgan (NYSE:KMI)
Historical Stock Chart
From May 2023 to May 2024