Kinder Morgan Announces Open Season for Plantation Pipeline System
Roanoke Expansion Project Would Secure Capacity for Virginia
HOUSTON–(BUSINESS WIRE)–Kinder Morgan, Inc. (NYSE: KMI) today announced the start of a binding open season to solicit commitments for the Roanoke Expansion project on the Plantation Pipe Line System.
The Roanoke Expansion will provide for approximately 21,000 barrels per day (bpd) of incremental refined petroleum products capacity on the Plantation Pipe Line System from the Baton Rouge, Louisiana and Collins, Mississippi origin points to the Roanoke, Virginia area. The expansion will primarily consist of additional pump capacity and operational storage on the Plantation system. With enhancements made to the existing system, the Roanoke Expansion project offers a safe and secure energy supply solution for the area. Pending a successful open season and the receipt of regulatory approvals, the project will be in service by April 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 Oct. 2, 2018, at 8 a.m. Central Time and ends Nov. 16, 2018, at 5 p.m. Central Time, though Kinder Morgan reserves the right to extend the open season as needed. Those interested in obtaining more detailed information about this open season can visit the Kinder Morgan web site at www.kindermorgan.com or contact Jeff Kabin, director of business development in Kinder Morgan’s Products Pipelines group, at Jeff_Kabin@kindermorgan.com or (713) 369-8567.
About Kinder Morgan, Inc.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 152 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 Kinder Morgan’s 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 Kinder Morgan believes that these forward-looking statements are based on reasonable assumptions, it can give no assurance that any such forward-looking statements will materialize. Important factors that could cause actual results to differ materially from those expressed in or implied from these forward-looking statements include the risks and uncertainties described in Kinder Morgan’s reports filed with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year-ended December 31, 2017 (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.govand 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.