Kinder Morgan Inc said two of its fuel pipelines, SFPP West and CALNEV, have been shut down since Jan. 8 due to power outages in Southern California. The 515-mile SFPP West pipeline transports fuel from the Los Angeles Basin to Colton,
Kinder Morgan ( NYSE: KMI) said late Thursday it has shut down two of its pipelines, SFPP West and CALNEV, due to power outages linked to the wildfires now raging in southern California. The company said the pipelines are not directly impacted by the fires, and it expects them to resume service once power has been restored.
Pipeline operator Kinder Morgan Inc said that two of its fuel pipelines in Los Angeles have been shut since Jan. 8 due to power outages, as the most destructive wildfires in the city's history continued to burn uncontained on Thursday.
Fuel pipelines that connect Las Vegas to a major oil refinery in Southern California were closed because of power outages related to fires in the Los Angeles area.
We continue to actively monitor the California wildfires and will work with our customers on any potential impacts', Kinder Morgan noted in a media statement sent to Rigzone.
Kinder Morgan Inc said two of its Los Angeles fuel pipelines returned to service on Friday, after being shut down since Jan. 8 due to power outages caused by the most destructive wildfires in the city's history.
Kinder Morgan said fires weren’t directly disrupting operations, but outages forced a line serving Arizona to shut down. Service has been restored.
All four fires burning - Palisades, Eaton, Hurst and Woodley - are 0% contained and emergency teams are "stretched to their limit", officials say.
Fuel pipelines serving Arizona reopened Friday morning after a two-day shutdown because of wildfire-driven power outages in Southern California. Houston-based Kinder Morgan said the fires weren ...
California, and Las Vegas, Nevada, according to Kinder Morgan's website. "They should be able to catch up, but it depends on the inventory situations," the trader said, requesting anonymity as ...
Kinder Morgan's 566-mile CALNEV pipeline system ships gasoline, diesel and jet fuel from Los Angeles refineries and marine terminals through 14-inch and 8-inch diameter pipelines that originate in Colton, Calif., and stretch to terminals in Barstow and Las Vegas, NV.
Overall, Kinder Morgan is an excellent stock for the near to medium term but not necessarily one to firmly commit to buying for life. Investors' long-term assumptions about its earnings and cash flow will change as sentiment changes about the gas industry.