Company Website:
http://www.kindermorgan.com
HOUSTON -- (Business Wire)
Kinder Morgan Energy Partners, L.P. (NYSE: KMP) has entered into new and
extended long-term transportation and storage agreements with Calpine
Energy Services, L.P. (NYSE: CPN). Under the agreements, KMP will
provide up to 450,000 dekatherms per day (dth/d) of firm transportation
service as well as 5 billion cubic feet (bcf) of storage capacity to
serve nine of Calpine’s electric generation facilities in Texas. The
service level under these new agreements represents an increase of
150,000 dth/d of transport and one bcf of storage over agreements
previously in place. KMP will invest approximately $30 million to expand
its Texas intrastate pipeline system in South Texas to extend service to
Calpine’s Magic Valley Generating Station in Hidalgo County.
Duane Kokinda, president of KMP’s Midstream Group said, “We are
extremely pleased to extend our longstanding business relationship with
Calpine and we look forward to adding a ninth Calpine plant to the list
of electric generation facilities in Texas that we serve.”
“Ensuring the availability and reliability of natural gas supply is an
important aspect of optimizing the value of Calpine’s clean, efficient
and flexible power plants,” said Bob Hayes, Calpine’s vice president of
Natural Gas Trading. “Expansion of our agreements with Kinder Morgan, a
key business partner, will serve to support these efforts across most of
our power plants in Texas.”
Kinder Morgan Energy Partners, L.P. (NYSE: KMP) is a leading pipeline
transportation and energy storage company and one of the largest
publicly traded pipeline limited partnerships in America. It owns an
interest in or operates approximately 46,000 miles of pipelines and
180 terminals. The general partner of KMP is owned by Kinder Morgan,
Inc. (NYSE: KMI). Kinder Morgan is the largest midstream and the third
largest energy company in North America with a combined enterprise value
of approximately $100 billion. It owns an interest in or operates
approximately 75,000 miles of pipelines and 180 terminals. Its pipelines
transport natural gas, gasoline, crude oil, CO2 and other
products, and its terminals store petroleum products and chemicals and
handle such products as ethanol, coal, petroleum coke and steel. KMI
owns the general partner interest of KMP and El Paso Pipeline Partners,
L.P. (NYSE: EPB), along with limited partner interests in KMP, and EPB
and shares in Kinder Morgan Management, LLC (NYSE: KMR). For more
information please visit www.kindermorgan.com.
This news release includes forward-looking statements.These
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 such assumptions will
materialize.Important factors that could cause actual results to
differ materially from those in the forward-looking statements herein
include those enumerated in Kinder Morgan’s reports filed with the
Securities and Exchange Commission.Forward-looking statements
speak only as of the date they were made, and except to the extent
required by law, Kinder Morgan undertakes no obligation to update or
review any forward-looking statement because of new information, future
events or other factors.Because of these uncertainties, readers
should not place undue reliance on these forward-looking statements.
Contacts:
Kinder Morgan Energy Partners, L.P.
Joe Hollier,Office:
(713) 369-9176 or Cell: (713) 823-5419
Media Relations
joe_hollier@kindermorgan.com
or
Peter
Staples, (713) 369-9221
Investor Relations
peter_staples@kindemorgan.com
www.kindermorgan.com
Source: Kinder Morgan Energy Partners, L.P.