KM Pushing Forward with Tennessee Gas Pipeline Projects in 2013
Kinder Morgan, a powerhouse midstream (pipeline) company, issued their fourth quarter 2012 earnings report yesterday. It included a great amount of detail on the financials for the company, including stock price, dividends and such like. Of interest to MDN is, of course, what KM is saying about their investments and plans for the Marcellus/Utica region, including their expansion plans for the Tennessee Gas Pipeline (TGP). KM plans to spend a whopping $2.7 billion on major pipeline projects throughout the U.S. this year, some of which has been allocated for completing TGP projects in the Marcellus/Utica region.
Here is the relevant section of their report dealing with TGP plans for the Northeast: