Kinder Morgan Inc.'s NGPL enters into new natural gas contracts with We Energies

HOUSTON, Sept. 16, 2002 -- Kinder Morgan Inc., through its subsidiary Natural Gas Pipeline Company of America (NGPL), recently announced it has extended a number of firm-transportation natural gas agreements with We Energies, formerly Wisconsin Electric Power Co.

The contracts, which will initially provide up to 104,133 MMBtu per day of firm-transportation service, will give We Energies flexibility to meet the seasonal demands of its customers. The new agreements continue through March 31, 2004, and replace existing contracts that were scheduled to expire during the fourth quarter of this year.

NGPL, which is expected to contribute more than 40 percent of KMI's cash flow in 2002, is a 10,000-mile pipeline system with peak deliverability of 5.7 billion cubic feet per day. NGPL is the largest transporter of natural gas to the high-demand Chicago market and one of the largest storage operators in the country.

Kinder Morgan, Inc. is one of the largest energy transportation and storage companies in America, operating more than 35,000 miles of natural gas and products pipelines. It also has significant retail distribution, electric generation and terminal assets.

Kinder Morgan, Inc. owns the general partner interest of Kinder Morgan Energy Partners, L.P., the largest publicly traded pipeline limited partnership in the U.S. in terms of market capitalization. Combined, the two companies have an enterprise value of approximately $17 billion.

We Energies, the principal utility subsidiary of Wisconsin Energy Corp., serves more than one million electric customers and more than 970,000 natural gas customers throughout Wisconsin and Michigan's Upper Peninsula. Visit the company's Web site at http://www.we-energies.com/ . Learn about Wisconsin Energy Corp. by visiting http://www.wisconsinenergy.com/.

Sponsored by FLSmidth
Font Sizes:
Recommend this article Recommend this article () You recommended this article You recommended this article ()
Follow Power Engineering on Twitter

Latest News

Shutterstock coal production trucks

Weekly Coal Production

The Weekly Coal Production shows how much coal is being produced across the U.S.

Federal Reserve Bank of Dallas Weekly Economic Indicators financial business

The Federal Reserve Bank of Dallas' Economic Indicators

The Federal Reserve Bank of Dallas offers a glimpse into how the markets are doing domestical...

Kvaerner awarded contract for gas-fired power plant in Delaware

Kvaerner North American Construction Inc. and its joint venture partner, Parsons Brinckerhoff...

Canadian Solar purchases two solar projects

Canadian Solar Inc. has acquired a majority interest in two utility-scale solar power project...

Operators Restart Unit 2 at PPL Susquehanna

Unit 2 at the PPL Susquehanna nuclear power plant near Berwick, Pa. resumed generating electr...

Settlement agreement limits cost recovery at Edwardsport

The Indiana Utility Regulatory Commission (IURC) on Dec. 27 modified and approved a settlemen...

Toshiba in talks to sell portion of Westinghouse nuclear unit

Toshiba Corp is in talks  to sell up to 16% of its stake in the Westinghouse Electric Co...

Utah nixes nuclear waste storage facility

Plans to park radioactive waste at a storage facility in Utah have been officially called off.

Current Magazine Issue

05/01/2013
Volume 117, Issue 5
1305pe-cover

Watch POWER-GEN 2012

Power Engineering

Article Archives for Power Engineering Magazine

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.