Kinder Morgan

From Wikipedia, the free encyclopedia

This article or section is written like an advertisement.
Please help rewrite this article from a neutral point of view.
Mark blatant advertising which would require a fundamental rewrite in order to become encyclopedic for speedy deletion, using {{db-spam}}. (February 2008)

Kinder Morgan Inc. NYSE: KMI is an American energy company. It is also, through a subsidiary, the general partner of and owner of many of the interests in Kinder Morgan Energy Partners, a publicly traded pipeline and terminal limited partnership. The company was incorporated in 1927 as K N Energy Inc. and is based in Houston, Texas.

Kinder Morgan is one of the largest energy companies in North America with approximately 43,000 miles of pipelines that transport primarily natural gas, crude oil and petroleum products; about 150 terminals that store and handle products like gasoline and coal; and over 1.1 million natural gas distribution customers.^{[citation needed]}

1 Accolades
2 Assertions
3 Leveraged Buyout
4 Companies
5 External links

[edit] Accolades

Named by Fortune magazine as one of America's Most Admired Companies, Kinder Morgan has built a company well known for openness, transparency and strong corporate governance. For example, annual budgets and environmental, health and safety performance on are posted on Kinder Morgan’s web site at www.kindermorgan.com.

[edit] Assertions

Chairman and CEO Richard Kinder, selected by Morningstar as its 2005 CEO of the Year, receives a salary of $1.00 a year, no bonuses, no option grants and no restricted stock. Additionally Kinder Morgan does not spend money on corporate jets, first-class airfare, sports tickets or other expensive perks.^{[citation needed]}

Kinder Morgan asserts that it committed to public safety, protection of the environment and operation of its facilities in compliance with all applicable rules and regulations.[1]

[edit] Leveraged Buyout

On August 28, 2006 Kinder Morgan announced that it would be taken private in a management-led leveraged buyout totalling approximately $22 billion. Outside participants in the transaction include Fayez Sarofim and affilaites of Goldman Sachs and American International Group.