HOUSTON--(BUSINESS WIRE)--Apr. 8, 2019--
Kinder Morgan, Inc. (NYSE: KMI) is pleased to announce that Tennessee
Gas Pipeline (TGP) and El Paso Natural Gas (EPNG) have agreed to
settlements with their shippers to address issues raised by the Federal
Energy Regulatory Commission's (FERC) 501-G process. KMI was very happy
to work with our shippers without the need for litigation or any
additional intervention by the FERC. Rate adjustments set forth in the
agreements by TGP and EPNG will have a combined approximately $50
million EBITDA impact for 2019; and when fully implemented, will have an
approximately $100 million combined annual impact on EBITDA. KMI expects
that these two agreements, pending approval by FERC, should resolve the
vast majority of KMI's 501-G exposure.
About Kinder Morgan, Inc.
Kinder Morgan, Inc. 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.
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Source: Kinder Morgan, Inc.