kinder morgan inc (KMI) Key Developments
Kinder Morgan Seeks To Sell
May 13 15
Kinder Morgan, Inc. (NYSE:KMI) announced that though it's not a seller of assets but if people are willing to pay a very attractive price, the company would be willing to sell those assets.
Kinder Morgan Receives FERC Approval on Commercial Aspects of Palmetto Pipeline
May 7 15
Kinder Morgan, Inc. announced it received approval from the Federal Energy Regulatory Commission regarding the rates, terms and conditions of service for the proposed Palmetto Pipeline on May 1, 2015. The proposed Palmetto Pipeline will enable refined petroleum products to be transported from Baton Rouge, Louisiana, Collins and Pascagoula, Mississippi, and Belton, South Carolina, to North Augusta, South Carolina, Savannah, Georgia, and Jacksonville, Florida. The system will have a design capacity of up to 167,000 barrels per day and will consist of a segment of expansion capacity that Palmetto will lease from Plantation Pipe Line Company between Baton Rouge, Louisiana, and Belton, South Carolina. A new 360-mile pipeline from Belton, South Carolina, to Jacksonville, Florida, will also be constructed as part of the system. Pipelines are the safest and most environmentally sound way to transport refined products, and Kinder Morgan’s safety and environmental performance is significantly better than the pipeline industry average.
Kinder Morgan, Inc. Presents at Citi Global Energy & Utilities Conference, May-12-2015 08:00 AM
Apr 30 15
Kinder Morgan, Inc. Presents at Citi Global Energy & Utilities Conference, May-12-2015 08:00 AM. Venue: The Hyatt Regency, 1 Avenue de Lafayette, Boston, MA 02111, United States. Speakers: Kimberly Allen Dang, Chief Financial Officer and Vice President.
Huntington Seeks Alternatives For Avondale Shipyard
Apr 20 15
Kinder Morgan, Inc. (NYSE:KMI) decided against pursuing a joint venture with Huntington Ingalls Industries, Inc. (NYSE:HII) which was related to the redevelopment of Avondale Shipyard. The company will continue to consider alternatives for the facility, including selling it to a third party, and will continue to work with the State of Louisiana and Louisiana Economic Development.
Kinder Morgan, Inc. Approves Quarterly Cash Dividend, Payable on May 15, 2015
Apr 16 15
Kinder Morgan, Inc. announced that its board of directors approved an increase in its quarterly cash dividend to $0.48 ($1.92 annualized) payable on May 15, 2015, to shareholders of record as of the close of business on April 30, 2015. This represents a 14% increase over the first quarter 2014 dividend of $0.42 per share ($1.68 annualized) and is up from $0.45 per share ($1.80 annualized) for the fourth quarter of 2014.