Kinder Morgan Announces Binding Open Season for Additional Capacity on the SFPP System
HOUSTON--(BUSINESS WIRE)--May 23, 2019--
Kinder Morgan, Inc. (NYSE: KMI) today announced the start of a binding open season to solicit commitments for an expansion of a portion of its SFPP, L.P. (SFPP) system.
The expansion will provide for approximately 7,500 barrels per day (bpd) of incremental capacity for the transportation of Mexican-grade gasoline and diesel from El Paso, Texas to SFPP’s Annex Terminal in Tucson, Arizona. The additional capacity will be provided through expanded pump capability at SFPP’s El Paso Station. Pending a successful open season, the full expansion capacity will be in service by Feb. 1, 2020.
Additional documents and details related to the open season will be made available upon completion of a confidentiality agreement. The binding open season begins today at 5 p.m. Central Time and ends June 24, 2019, at 5 p.m. Central Time. Those interested in obtaining more detailed information about this open season can visit the Kinder Morgan website at www.kindermorgan.com or contact Doug Meyers, director of business development in Kinder Morgan’s Products Pipelines group, at Doug_Meyers@kindermorgan.com or (713) 420-2856.
Kinder Morgan, Inc. (NYSE: KMI) is one of the largest energy infrastructure companies in North America. We own an interest in or operate approximately 84,000 miles of pipelines and 157 terminals. Our pipelines transport natural gas, refined petroleum products, crude oil, condensate, CO2 and other products, and our terminals transload and store liquid commodities including petroleum products, ethanol and chemicals, and bulk products, including petroleum coke, metals and ores. For more information please visit www.kindermorgan.com.
Important Information Relating to Forward-Looking Statements
This news release includes forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities and Exchange Act of 1934. Generally the words “expects,” “believes,” anticipates,” “plans,” “will,” “shall,” “estimates,” and similar expressions identify forward-looking statements, which are generally not historical in nature. 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 KMI believes that these forward-looking statements are based on reasonable assumptions, it can give no assurance as to when or if any such forward-looking statements will materialize nor their ultimate impact on our operations or financial condition. Important factors that could cause actual results to differ materially from those expressed in or implied by these forward-looking statements include the risks and uncertainties described in KMI’s reports filed with the Securities and Exchange Commission (SEC), including its Annual Report on Form 10-K for the year-ended December 31, 2018 (under the headings “Risk Factors” and “Information Regarding Forward-Looking Statements” and elsewhere) and its subsequent reports, which are available through the SEC’s EDGAR system at www.sec.gov and on our website at ir.kindermorgan.com. Forward-looking statements speak only as of the date they were made, and except to the extent required by law, KMI undertakes no obligation to update any forward-looking statement because of new information, future events or other factors. Because of these risks and uncertainties, readers should not place undue reliance on these forward-looking statements.
View source version on businesswire.com:https://www.businesswire.com/news/home/20190523005786/en/
CONTACT: Katherine Hill
KEYWORD: UNITED STATES NORTH AMERICA CANADA ARIZONA TEXAS
INDUSTRY KEYWORD: ENERGY OIL/GAS OTHER ENERGY TRANSPORT LOGISTICS/SUPPLY CHAIN MANAGEMENT
SOURCE: Kinder Morgan, Inc.
Copyright Business Wire 2019.
PUB: 05/23/2019 04:10 PM/DISC: 05/23/2019 04:10 PM