Kinder Morgan Downsizes $5B Cross-Canada Oil Pipeline

Law360, New York (May 23, 2012, 6:10 PM EDT) -- Kinder Morgan Energy Partners LP's $5 billion plan to bring more oil to Canada's Pacific coast will be smaller and less costly than originally planned after some shippers pulled their commitments, the company said Wednesday.

The expanded Trans Mountain pipeline will be able to carry 750,000 barrels of oil per day, lower than the 850,000 expected as recently as mid-April. Its original $5 billion price tag has also been trimmed to $4.1 billion because the company will need less pipe and fewer storage tanks, spokesman Andrew...
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