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Kinder Morgan Energy Partners LP

Kinder Morgan Energy Partners LP

Sector: Natural Gas Transmission And Distribution Region: TX, United States


: | New York Stock Exchange: KMP


Similar to: Veresen, Inc., Spectra Energy Partners LP, Exterran Partners LP

Kinder Morgan Energy Partners LP is a pipeline transportation and energy storage company in North America. The company's pipelines transport natural gas, refined petroleum products, crude oil, carbon dioxide and other products and its terminals store petroleum products and chemicals and handle bulk materials like coal and petroleum coke. It also provides carbon dioxide for enhanced oil recovery projects in North America. The company operates through five reportable business segments: Products Pipelines, Natural Gas Pipelines, CO2, Terminals and Kinder Morgan Canada. The Products Pipelines segment transports and terminals refined petroleum products, including gasoline, diesel fuel, jet fuel and natural gas liquids. The Natural Gas Pipelines segment sells, transports, processes, treats, stores and gathers natural gas. The Terminals segment transloads and stores refined petroleum products and dry and liquid bulk products, including coal, petroleum coke, cement, alumina, salt and other bulk chemicals. The CO2 segment produces and sells crude oil from fields in the Permian Basin of West Texas and transports and markets carbon dioxide used as a flooding medium for recovering crude oil from mature oil fields. The Kinder Morgan Canada segment transports crude oil and refined products from Alberta, Canada to marketing terminals and refineries in British Columbia, the state of Washington and the Rocky Mountains and Central regions of the United States. The company was founded in August 1992 and is headquartered in Houston, TX.

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MarkWest ~ Kinder Morgan and the Bluegrass pipeline

End run around Williams and Boardwalk Pipeline Partners, LP, Bluegrass Pipeline Project that would transport natural gas liquids from the Marcellus and Utica shale plays to the rapidly expanding petrochemical and export complex on the U.S. Gulf Coast.
Bank of America noted, "Concurrent with releasing 2Q13 results, MWE announced it entered into a JV with Kinder Morgan Energy Partners, LP. (KMP) that includes three different projects:
1) expanding natural gas processing capacity in the Utica Shale, 2) potentially expanding Gulf Coast natural gas liquids (NGL) fractionation capacity, and 3) most prominently, constructing an NGL pipeline from OH to LA.
During its earnings call, mgmt stated the total capex cost for all three projects could be more than $2bn. Although mgmt noted the project will directly compete with the proposed Bluegrass Pipeline, a JV between Boardwalk Pipeline Partners, L.P. (BWP) and Williams(WMB), we think the KMP/MWE JV may have the inside track on becoming the second NGL pipeline out of the Marcellus/Utica to the Gulf Coast given MWE's control of NGL barrels in the Marcellus/Utica."

Kinder Morgan Energy Partners LP video

MarkWest ~ Kinder Morgan and the Bluegrass pipeline

Executives

Richard D. Kinder, Chairman of the board and CEO
Mr. Kinder is a co-founder of Kinder Morgan, which was formed in February of 1997. Through his leadership, Kinder Morgan has grown from a small company with 175 employees and an enterprise value of $325 million into an organization that has more than 11,000 employees and a combined enterprise value of approximately $115 billion.
Kinder Morgan owns an interest in or operates approximately 80,000 miles of pipelines and 180 terminals. The company's pipelines transport primarily natural gas, refined petroleum products, CO2 and crude oil and its terminals store, transfer and handle such products as gasoline, ethanol, coal, petroleum coke and steel.
Kinder Morgan is one of Fortune magazine's Most Admired Companies in America and was previously recognized as the top company among all industries for "Quality of Management." Mr. Kinder, who receives a salary of $1 a year (no bonuses, stock options or restricted stock grants) is a past recipient of Morningstar's CEO of the Year award.
Mr. Kinder received his undergraduate and law degrees from the University of Missouri and served in Vietnam as a Captain in the U.S. Army. He has served on numerous corporate and non-profit boards and is a life trustee and current Chairman of the Board of Trustees of the Museum of Fine Arts in Houston.
Steven J. Kean, President and Chief Operating Officer
Mr. Kean is responsible for executing the company's vision and strategy and allocating capital to Kinder Morgan business units in a disciplined manner. He also coordinates the company's efforts to achieve operational excellence. He joined the company in 2002 as Vice President of Strategic Planning for the company's Natural Gas Pipelines and was named President of the Texas Intrastate Pipeline Group that same year; Mr. Kean became Executive Vice President of Operations and joined the Office of the Chairman in 2005, and was named Chief Operating Officer in 2006. He also served as President of the Natural Gas Pipelines segment during 2008-2009.
Mr. Kean has worked in the energy industry since 1985 in various commercial, operational and legal positions, primarily in the wholesale energy and pipeline sectors. He holds a bachelor's degree from Iowa State University and a law degree from the University of Iowa.
Kinder Morgan owns an interest in or operates approximately 80,000 miles of pipelines and 180 terminals. The company's pipelines transport primarily natural gas, refined petroleum products, CO2 and crude oil and its terminals store, transfer and handle such products as gasoline, ethanol, coal, petroleum coke and steel. Combined, Kinder Morgan has an enterprise value of approximately $115 billion.
Kimberly Allen Dang, Vice President and CFO
Ms. Dang's responsibilities include debt and equity financings, accounting and tax. She joined Kinder Morgan in 2001 as Director of Investor Relations and was named Vice President, Investor Relations, in 2002, Treasurer in 2004 and CFO in 2005.
Prior to joining Kinder Morgan, Ms. Dang spent six years at Goldman Sachs working in the company's real estate investment area. She also worked in Washington, D.C., as a legislative assistant for Congressman Jack Fields and in Austin, Texas, for a venture capital firm.
Ms. Dang holds an MBA from the J.L. Kellogg Graduate School of Management at Northwestern University and a bachelor's degree in accounting from Texas A&M University.
Kinder Morgan owns an interest in or operates approximately 80,000 miles of pipelines and 180 terminals. The company's pipelines transport primarily natural gas, refined petroleum products, CO2 and crude oil and its terminals store, transfer and handle such products as gasoline, ethanol, coal, petroleum coke and steel. Combined, Kinder Morgan has an enterprise value of approximately $115 billion.

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