Will bring more fuel to Arizona
HOUSTON, Dec. 6 /CNW/ -- Kinder Morgan Energy Partners, L.P. (NYSE: KMP)
announced it has completed and placed into service its $153 million East Line
expansion that increases pipeline capacity from El Paso, Texas, to Tucson and
Phoenix, Ariz. The expansion replaced almost 130 miles of 8-inch diameter
pipeline between El Paso and Tucson with new state-of-the-art 16-inch diameter
pipe, increasing capacity on the East Line to over 200,000 barrels per day.
"With the completion of this project, Kinder Morgan is positioned to meet
future consumer demand for motor and jet fuels in one of the nation's fastest
growing areas while further enhancing the reliability of fuel supply to
Arizona," said Tom Bannigan, president of KMP's products pipelines business.
Kinder Morgan's East and West Lines play an essential role in Arizona's
economy, as they are the principal delivery system for transporting refined
petroleum products to Arizona from refining centers in Southern California,
Texas and New Mexico. The project is expected to be immediately accretive to
In 2006, Kinder Morgan completed the first phase of its pipeline
expansion into Arizona by replacing more than 230 miles of 8-inch diameter
pipeline between El Paso and Phoenix, Ariz., with new 16- and 12-inch diameter
pipe. The initial project also included construction of a new pump station and
a 490,000 barrel tank facility near El Paso, and upgrades to existing stations
and terminals between El Paso and Phoenix.
The East Line is part of KMP's Pacific Operations which serve six western
states with approximately 3,000 miles of refined petroleum products pipelines
and related terminal facilities. The regulated, common-carrier pipelines
transport over 1.2 million barrels of gasoline, jet fuel and diesel daily into
some of the fastest growing population centers in the United States, such as
Phoenix, Los Angeles, Calif., and Las Vegas, Nev.
Kinder Morgan Energy Partners, L.P. (NYSE: KMP) is a leading pipeline
transportation and energy storage company in North America. KMP owns an
interest in or operates more than 24,000 miles of pipelines and 150 terminals.
Its pipelines transport natural gas, gasoline, crude oil, CO2 and other
products, and its terminals store petroleum products and chemicals and handle
bulk materials like coal and petroleum coke. KMP is also the leading provider
of CO2 for enhanced oil recovery projects in North America. One of the
largest publicly traded pipeline limited partnerships in America, KMP has an
enterprise value of approximately $20 billion. The general partner of KMP is
owned by Knight Inc. (formerly Kinder Morgan, Inc.), a private company.
This news release includes forward-looking statements. Although Kinder
Morgan believes that its expectations 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 are enumerated in Kinder Morgan's Forms 10-K
and 10-Q as filed with the Securities and Exchange Commission.
For further information:
For further information: media, Emily Mir Thompson, +1-713-369-8060, or
investors, Mindy Mills, +1-713-369-9490, both of Kinder Morgan Energy
Partners, L.P. Web Site: http://www.kindermorgan.com