Yesterday the largest pipeline company in America, Kinder Morgan, issued its third quarter 2014 update. The big news during 3Q14 was, of course, that Kinder has decided to shed its MLP (master limited partner) structure whereby the company is carved into different pieces for the sake of investors–and rejoin all of the pieces into one. Also bubbling along at Kinder is the massive Tennessee Gas Pipeline through Massachusetts, called the Northeast Energy Direct (NED) project, that will bring abundant supplies of Marcellus Shale gas to New England; and the Utica to Ontario Pipeline Access (UTOPIA) project that will pipe ethane to Canada. The Kinder press release with the update was massively long with teeny tiny type. We’ve waded through it to pull out just those bits that will be of most interest for those of us in the northeast…
