Kinder Morgan, Inc. operates as an energy company in North America. The company owns an interest in or operates approximately 80,000 miles of pipelines and 180 terminals. The company’s pipelines transport natural gas, refined petroleum products, crude oil, condensate, carbon dioxide (CO2) and other products, and its terminals store petroleum products, ethanol and chemicals, and handle such products as coal, petroleum coke and steel. The company conducts most of its business through master limited partnerships (Kinder Morgan Energy Partners, L.P. (KMP) and El Paso Pipeline Partners, L.P. (EPB)). Segments The company’s operations are conducted through the following business segments: Natural Gas Pipelines, CO2—KMP, Products Pipelines—KMP, Terminals—KMP, Kinder Morgan Canada—KMP, and Other. Natural Gas Pipelines This segment consists of approximately 68,000 miles of natural gas transmission pipelines and gathering lines, plus natural gas storage, treating and processing facilities, through which natural gas is gathered, transported, stored, treated, processed and sold and other equity interests. CO2—KMP This segment produces, markets and transports, through approximately 1,500 miles of pipelines, CO2 to oil fields that use CO2 to increase production of oil; owns interests in and/or operates four primary oil fields in west Texas; and owns and operates a 450-mile crude oil pipeline system in west Texas. Products Pipelines—KMP This segment consists of approximately 9,000 miles of refined petroleum products, and crude oil and condensate pipelines that deliver refined petroleum products (gasoline, diesel fuel and jet fuel), natural gas liquids, crude oil, condensate and bio-fuels to various markets; plus approximately 62 associated product terminals and petroleum pipeline transmix processing facilities serving customers across the U.S. Terminals—KMP This segment consists of approximately 122 owned or operated liquids and bulk terminal facilities and approximately 10 rail transloading and materials handling facilities located throughout the U.S. and portions of Canada, which together transload, store and deliver a variety of bulk, petroleum, petrochemical and other liquids products for customers across the U.S. and Canada. Kinder Morgan Canada—KMP This segment transports crude oil and refined petroleum products through approximately 800 miles of pipelines from Alberta, Canada to marketing terminals and refineries in British Columbia and the state of Washington; and five associated product terminal facilities. Other This segment primarily includes several physical natural gas contracts with power plants associated with El Paso Corporation and its majority-owned and controlled subsidiaries legacy trading activities. Regulations Interstate Common Carrier Refined Petroleum Products and Oil Pipeline Rate Regulation – U.S. Operations: Some of the company’s U.S. refined petroleum products and crude oil pipelines are interstate common carrier pipelines, subject to regulation by the Federal Energy Regulatory Commission (FERC) under the Interstate Commerce Act (ICA). Common Carrier Pipeline Rate Regulation – Canadian Operations: The Canadian portion of the company’s crude oil and refined petroleum products pipeline systems is under the regulatory jurisdiction of Canada’s National Energy Board, referred to in this report as the NEB. The National Energy Board Act gives the NEB power to authorize pipeline construction and to establish tolls and conditions of service. California Public Utilities Commission Rate Regulation: The intrastate common carrier operations of the company’s Pacific operations’ pipelines in California are subject to regulation by the California Public Utilities Commission. Texas Railroad Commission Rate Regulation: The intrastate operations of the company’s natural gas and crude oil pipelines in Texas are subject to regulation with respect to such intrastate transportation by the Texas Railroad Commission. Safety Regulation: The company is subject to the requirements of the Occupational Safety and Health Administration (OSHA) and other comparable federal and state agencies that address employee health and safety. Marine Operations: Kinder Morgan Energy Partners, L.P. is subject to the Jones Act and other federal laws that restrict maritime transportation (between U.S. departure and destination points) to vessels built and registered in the U.S. and owned and manned by U.S. citizens. Hazardous and Non-Hazardous Waste: The company generates both hazardous and non-hazardous wastes that are subject to the requirements of the Federal Resource Conservation and Recovery Act and comparable state and Canadian statutes. Clean Air Act: The company’s operations are subject to the Clean Air Act, its implementing regulations, and analogous state and Canadian statutes and regulations. Environmental Matters: The company generates both hazardous and non-hazardous wastes that are subject to the requirements of the Federal Resource Conservation and Recovery Act and comparable state and Canadian statutes. Significant Events In 2013, KMP acquired certain oil and gas properties, rights, and related assets in the Permian Basin of west Texas from Legado Resources LLC. In 2013, KMP announced a joint venture with Imperial Oil to build the Edmonton Rail Terminal, a crude oil loading facility, near its Edmonton storage terminal on land adjacent to Imperial Oil’s Strathcona Refinery. In January 2014, KMP acquired American Petroleum Tankers (APT) and State Class Tankers (SCT) from affiliates of The Blackstone Group and Cerberus Capital Management. Competition The company’s primary competitor for the sale of CO2 includes Oxy USA, Inc. History The company was formerly known as Kinder Morgan Holdco LLC and changed its name to Kinder Morgan, Inc. in 2011.
kinder morgan inc (2KD:Munich)
1001 Louisiana Street
Houston, TX 77002
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