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Kinder Morgan Inc (KMI.N)

KMI.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Canada Finance Minister: would not expect Trans Mountain to be long term hold for govt
Tuesday, 29 May 2018 09:51am EDT 

May 29 (Reuters) - Kinder Morgan Canada Ltd ::CANADA FINANCE MINISTER: GOVERNMENT'S TRANS MOUNTAIN PLAN ALLOWS US TO GET RID OF POLITICAL UNCERTAINTY.CANADA FINANCE MINISTER: OUR VIEW IS LONG TERM THAT THIS PROJECT SHOULD BE IN THE PRIVATE SECTOR.CANADA FINANCE MINISTER SAYS WE ARE PURCHASING TRANS MOUNTAIN ASSETS; MORE INVESTMENT WILL BE NEEDED TO COMPLETE CONSTRUCTION OF EXPANSION.CANADA FINANCE MINISTER: IN PURCHASING TRANS MOUNTAIN ASSETS, WILL TAKE ON PEOPLE NEEDED TO WORK ON THE PROJECT.CANADA FINANCE MINISTER: THERE ARE A NUMBER OF ASSETS KINDER MORGAN CANADA HAS RETAINED THAT ARE NOT INTEGRAL TO TRANS MOUNTAIN EXPANSION.CANADA FINANCE MINISTER: PRIME MINISTER TRUDEAU IS SPEAKING NOW TO PREMIERS OF ALBERTA, BRITISH COLUMBIA.CANADA FINANCE MINISTER: WE HAVE NOT BEEN FOCUSED ON TRYING TO SECURE OTHER INVESTORS FOR TRANS MOUNTAIN; HAVE HAD MULTIPLE EXPRESSIONS OF INTEREST.CANADA ENERGY MINISTER: THERE ISN'T ANY LEGISLATION THAT IS REQUIRED FOR TRANS MOUNTAIN DEAL; WE ARE ACTING WITHIN FEDERAL JURISDICTION.CANADA ENERGY MINISTER: WE RESERVE THE RIGHT AS A GOVERNMENT TO LOOK AT OTHER PIECES OF LEGISLATION IF IN THE INTEREST OF MOVING TRANS MOUNTAIN FORWARD.CANADA FINANCE MINISTER: TRANS MOUNTAIN PROJECT WILL NOT HAVE A FISCAL IMPACT.CANADA FINANCE MINISTER: PORTION OF TRANS MOUNTAIN CONSTRUCTION COSTS CAN BE PASSED ON TO OIL COMPANIES IN FORM OF TOLLS.CANADA FINANCE MINISTER SAYS DOESN'T HAVE A TARGET DATE FOR SELLING TRANS MOUNTAIN BACK TO PRIVATE SECTOR.  Full Article

Suncor Comments On Trans Mountain Pipeline Deal
Tuesday, 29 May 2018 08:00am EDT 

May 29 (Reuters) - Suncor::SUNCOR ON TRANS MOUNTAIN PIPELINE DEAL - SUPPORT IMPROVING MARKET ACCESS TO ENSURE CANADA ACHIEVES "FAIR RECOGNITION AND FULL VALUE" FOR ENERGY RESOURCES.SAYS IT SUPPORTS ACTIONS THAT CONTINUE TO ADVANCE CERTAINTY THAT TRANS MOUNTAIN PIPELINE WILL BE BUILT.  Full Article

Canada Finance Minister: We see economic case for Trans Mountain expansion
Wednesday, 16 May 2018 09:34am EDT 

May 16 (Reuters) - Kinder Morgan Inc ::CANADA FINANCE MINISTER: WE SEE THERE'S AN ECONOMIC CASE FOR THE TRANS MOUNTAIN PIPELINE EXPANSION.CANADA FINANCE MINISTER: WE'RE NOT SAYING WE KNOW THE EVENTUAL OUTCOME OF TALKS WITH KINDER MORGAN CANADA.CANADA FINANCE MINISTER, ASKED ABOUT TAKING EQUITY STAKE IN TRANS MOUNTAIN, SAYS WE HAVE COME TO NO CONCLUSIONS YET.CANADA FINANCE MINISTER: WILL ALWAYS TAKE INTO ACCOUNT ANY INTERNATIONAL TRADE AGREEMENTS TO ENSURE ANY AID WOULD BE LEGAL.CANADA FINANCE MINISTER: PIPELINE PROJECTS FACE OTHER BUSINESS RISKS, WE ARE SPECIFICALLY DEALING WITH POLITICALLY RISKS.  Full Article

Canada Energy Minister: prepared to look at many options on Kinder Morgan pipeline
Tuesday, 10 Apr 2018 05:05pm EDT 

April 10 (Reuters) - Kinder Morgan Inc ::CANADA ENERGY MINISTER: GOVERNMENT IS "100 PERCENT" BEHIND KINDER MORGAN PIPELINE.CANADA ENVIRONMENT MINISTER: NOT A MATTER OF WHETHER KINDER MORGAN PIPELINE WILL GO AHEAD BUT HOW.CANADA ENERGY MINISTER REPEATS PREPARED TO LOOK AT MANY OPTIONS ON KINDER MORGAN PIPELINE.  Full Article

Canada energy minister says question of Ottawa taking stake in Kinder Morgan's pipeline expansion "is on the table"
Monday, 9 Apr 2018 05:31pm EDT 

April 9 (Reuters) - :CANADA ENERGY MINISTER SAYS QUESTION OF OTTAWA TAKING STAKE IN KINDER MORGAN'S PIPELINE EXPANSION 'IS ON THE TABLE,' ADDING 'WE ARE NOT RULING ANYTHING OUT'.CANADA ENERGY MINISTER SAYS SPOKE TO KINDER MORGAN ON SATURDAY ABOUT DECISION TO HALT WORK ON PIPELINE AND 'THEY WERE UP FRONT WITH US, WE UNDERSTAND WHERE THEY ARE COMING FROM'.  Full Article

Canada's PM: had good conversations with Alberta, B.C. Premiers
Monday, 9 Apr 2018 01:46pm EDT 

April 9 (Reuters) - Kinder Morgan Inc ::CANADA PM SAYS KINDER MORGAN'S TRANS MOUNTAIN EXPANSION WILL BE BUILT, SAYS HOPES BC GOVERNMENT WILL STOP OBSTRUCTING IT.CANADA'S TRUDEAU, ASKED WHAT HE WILL DO TO ENSURE KINDER MORGAN'S PLANNED PIPELINE EXPANSION GOES AHEAD, DOES NOT ANSWER DIRECTLY.CANADA'S TRUDEAU, ASKED IF FEDERAL GOVERMENT IS READY TO INVEST IN THE KINDER MORGAN PIPELINE, SAYS CONSIDERING A RANGE OF OPTIONS, GIVES NO DETAILS.CANADA'S PM SAYS HAD GOOD CONVERSATIONS ON SUNDAY NIGHT WITH PREMIERS OF ALBERTA AND BRITISH COLUMBIA, GIVES NO DETAILS.  Full Article

Alberta Premier: Not inaccurate to say Kinder Morgan affair becoming constitutional crisis
Monday, 9 Apr 2018 12:40pm EDT 

April 9 (Reuters) - Kinder Morgan Inc ::ALBERTA PREMIER NOTLEY SAYS NOT INACCURATE TO SAY KINDER MORGAN AFFAIR IS BECOMING A CONSTITUTIONAL CRISIS.ALBERTA PREMIER SAYS PROVINCE'S ENERGY INDUSTRY NEEDS THE FEDERAL GOVERNMENT TO DO MORE.ALBERTA PREMIER SAYS PREPARED TO DO WHATEVER IT TAKES TO GET PIPELINE BUILT, INCLUDING TAKING A STAKE IN THE PROJECT.ALBERTA PREMIER SAYS SHE IS "VERY HOPEFUL THERE IS A WAY FORWARD FOR ALL OF US".  Full Article

CFIB Releases Statement On Trans Mountain Pipeline Expansion
Monday, 9 Apr 2018 11:40am EDT 

April 9 (Reuters) - Canadian Federation Of Independent Business::CANADIAN FEDERATION OF INDEPENDENT BUSINESS RELEASES STATEMENT ON TRANS MOUNTAIN PIPELINE EXPANSION.CALLING ON FEDERAL GOVERNMENT TO TAKE "IMMEDIATE ACTION" TO CREATE CERTAINTY THAT WILL ALLOW TRANS MOUNTAIN PIPELINE EXPANSION PROJECT TO GO FORWARD.  Full Article

Kinder Morgan Statement On Federal Energy Regulatory Commission Notice Of Proposed Rulemaking On The Tax Cuts And Jobs Act
Thursday, 15 Mar 2018 02:57pm EDT 

March 15 (Reuters) - Kinder Morgan Inc ::KINDER MORGAN STATEMENT ON FEDERAL ENERGY REGULATORY COMMISSION NOTICE OF PROPOSED RULEMAKING ON THE TAX CUTS AND JOBS ACT.KINDER MORGAN INC - ‍MANY OF RATES SET ON NEGOTIATED RATE ARRANGEMENTS THAT CO BELIEVES SHOULD NOT BE SUBJECT TO ADJUSTMENT DUE TO CHANGES IN TAX LAW​.KINDER MORGAN - ACTION BY FERC SHOULD NOT AFFECT NEGOTIATED RATE CONTRACTS & WILL NOT SIGNIFICANTLY IMPACT ASSETS THAT ARE CURRENT CASH TAXPAYERS​.KINDER MORGAN - ‍TIMING, IMPACT OF FUTURE RATE ADJUSTMENTS, NOT SEEN TO BE MATERIAL TO KMI'S DISTRIBUTABLE CASH FLOW​.  Full Article

National Energy Board Says Trans Mountain Expansion Pipeline Cleared For Work At Burnaby Mountain Portal‍​
Thursday, 15 Feb 2018 05:13pm EST 

Feb 15 (Reuters) - National Energy Board::NATIONAL ENERGY BOARD SAYS TRANS MOUNTAIN EXPANSION PIPELINE CLEARED FOR WORK AT BURNABY MOUNTAIN PORTAL‍​.SAYS GRANTED RELIEF FROM ALL REMAINING PRE-CONSTRUCTION CONDITIONS SPECIFIC TO TUNNEL PORTAL AT WESTRIDGE MARINE TERMINAL​.SAYS TRANS MOUNTAIN HAS APPROVALS TO BEGIN WORK AT WESTRIDGE PORTAL BUT CONSTRUCTION NOT YET AUTHORIZED ALONG REST OF PIPELINE ROUTE.  Full Article

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How Kinder Morgan won a billion-dollar bailout on Canada pipeline

OTTAWA/HOUSTON U.S. energy firm Kinder Morgan's C$4.5 billion sale of an oil pipeline to Canada's government marked an extraordinary escape from months of fraught negotiations among warring camps of Canadian officials.