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S&P Global Market Intelligence ($): President Donald Trump’s plan to double tariffs on steel imported from Turkey to 50% could place additional financial pressure on Kinder Morgan Inc.’s proposed 1.98-Bcf/d Gulf Coast Express Pipeline LLC and dampen prospects for future U.S. natural gas projects. The escalating trade headwinds for domestic pipeline operators come at a […]
WV Public Broadcasting: Federal regulators halted all construction of the 604-mile, interstate Atlantic Coast Pipeline (ACP) following a federal court’s ruling this week that invalidated two major federal permits. The Friday evening decision comes just a week after regulators issued a similar stop work order for another major interstate natural gas project, the Mountain Valley […]
247WallStreet.com: Canadian resistance to buying the Trans Mountain pipeline system Kinder Morgan Inc. subsidiary Kinder Morgan Canada is increasing, and with it so is short interest in Kinder Morgan. Short sellers added 12.5 million shares to their positions in the two-week reporting period ended July 31, and 2.4% of Kinder Morgan shares were short. Environmental […]
S&P Global Market Intelligence ($): AES Corp. executives have laid out an ambitious plan to add nearly 12,000 MW of new capacity to the company’s portfolio by 2022, fueled in large part by the rapid development of the sPower renewables pipeline. “Our goal is to earn attractive returns while greening our portfolio,” AES President and […]
Canadian Press service: Kinder Morgan Canada documents say expanding the Trans Mountain pipeline could cost the federal government an additional $1.9 billion (US$1.5 billion) beyond the company’s original construction estimate, and will take another year to complete. The figure is included in documents Kinder Morgan Canada filed Tuesday with the United States Security and Exchange […]
S&P Global Market Intelligence ($): Westmoreland Coal Co. reported a net loss of $191 million, or $9.91 per share, in the second quarter and cautioned investors that its master limited partnership does not have funds to repay a term loan that matures at the end of this year. Westmoreland Resource Partners’ filings for the fourth […]
Cleveland Plain Dealer: Boaters and birders have been upfront about their opposition to the six-turbine Icebreaker Wind project planned for Lake Erie, but a new, powerful voice of resistance has recently emerged: Big Coal. In documents and sworn statements filed with the Ohio Power Siting Board on Thursday, the wind farm developers presented evidence that […]
Caribbean Business News: The most recent announcement of a preliminary deal between Prepa and its bondholders includes a transition charge to help pay for a bond exchange with creditor constituencies that do not include the monoline bond insurance companies and the fuel-line lenders. This is akin to stalled hyper-mitosis in cell division prior to birth—a […]
AP: Georgia Power is aiming to increase its renewable energy portfolio in the state by adding 100 megawatts of solar power. The utility firm is seeking proposals from solar facilities that are interested in selling solar power to the company, The Atlanta Journal-Constitution reported . Georgia Power is seeking contracts with them to provide solar […]
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IEEFA update: U.S.-Canada trade tensions could scuttle Kinder Morgan sale of Trans Mountain Pipeline
Political hurdles remain on government’s buyout of faltering project
The fate of the unfinished Trans Mountain Pipeline in western Canada may be determined 3,000 miles away — in Washington. The stalled project, designed to link oil-sands fields in Alberta with West Coast ports, would become nationalized under the terms of a deal announced in June that would have the Canadian government buy the pipeline […]