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Kinder Morgan Announces Phase 2 of Edmonton Terminal Expansion

  Kinder Morgan Announces Phase 2 of Edmonton Terminal Expansion

Business Wire

HOUSTON -- January 23, 2013

Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today announced that Kinder
Morgan Canada Terminals has entered into long-term contracts to support
construction of an additional 1.2 million barrels of merchant storage capacity
at Trans Mountain Pipeline’s Edmonton terminal in Strathcona County, Alberta.
Construction of the new tankage is scheduled to commence this spring following
receipt of supporting permits, with completion expected in late 2014. Phase 2
will cost approximately $112 million.

Construction of Phase 1 of the expansion, which consists of 3.6 million
barrels of new storage, is well underway and all of that capacity is expected
to be in service in late 2013. Total capital investment for the combined 4.8
million barrel project is approximately $420 million and is supported by
long-term contracts with major producers and refiners. When completed, total
storage capacity at the Edmonton facility will be 9.4 million barrels,
including the existing Trans Mountain system facility and the North 40
merchant terminal.

“The new tanks further demonstrate the strategic importance of Trans
Mountain’s Edmonton hub and the role it will play in staging Western Canadian
crude oil production into export markets, including West Coast markets served
by Trans Mountain Pipeline,” said Bill Henderson, vice president of Kinder
Morgan Canada Terminals. “The hub also gives Kinder Morgan’s customers
flexibility and optionality in this time of increasing production and volatile
prices.”

Kinder Morgan Energy Partners, L.P. (NYSE: KMP) is a leading pipeline
transportation and energy storage company and one of the largest publicly
traded pipeline limited partnerships in America. It owns an interest in or
operates approximately 46,000 miles of pipelines and 180 terminals. The
general partner of KMP is owned by Kinder Morgan, Inc. (NYSE: KMI). Kinder
Morgan is the largest midstream and the third largest energy company in North
America with a combined enterprise value of approximately $100 billion. It
owns an interest in or operates approximately 75,000 miles of pipelines and
180 terminals. Its pipelines transport natural gas, gasoline, crude oil, CO[2]
and other products, and its terminals store petroleum products and chemicals
and handle such products as ethanol, coal, petroleum coke and steel. KMI owns
the general partner interest of KMP and El Paso Pipeline Partners, L.P. (NYSE:
EPB), along with limited partner interests in KMP and EPB and shares in Kinder
Morgan Management, LLC (NYSE: KMR). For more information please visit
www.kindermorgan.com.

This news release includes forward-looking statements. These 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 Kinder Morgan believes that these forward-looking statements
are based on reasonable assumptions, it can give no assurance that such
assumptions will materialize. Important factors that could cause actual
results to differ materially from those in the forward-looking statements
herein include those enumerated in Kinder Morgan’s reports filed with the
Securities and Exchange Commission. Forward-looking statements speak only as
of the date they were made, and except to the extent required by law, Kinder
Morgan undertakes no obligation to update or review any forward-looking
statement because of new information, future events or other factors. Because
of these uncertainties, readers should not place undue reliance on these
forward-looking statements.

Contact:

Kinder Morgan Energy Partners, L.P.
Joe Hollier, (713) 369-9176
Media Relations
joe_hollier@kindermorgan.com
or
Peter Staples, (713) 369-9221
Investor Relations
peter_staples@kindermorgan.com
www.kindermorgan.com
 
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