Despite nearly a perfect storm of industry mishaps that could impair domestic natural gas supply down the road, the July futures contract on Tuesday was repelled by resistance at $5 once again before closing the day’s regular session at $4.808, down 10.8 cents from Monday’s finish.
Impair
Articles from Impair
Kinder Morgan Shifts Focus to Dividends
With new tax laws in its favor, Kinder Morgan Inc. (KMI) announced Wednesday it will move away from an earnings per share policy and focus instead on shareholder dividends. As part of its new policy, KMI plans to increase its quarterly dividend to 40 cents a share, or $1.60 annually, up 167% from its current 15 cents (60 cents a year).
June 16, 2003
Kinder Morgan Shifts Focus to Dividends
With new tax laws in its favor, Kinder Morgan Inc. (KMI) announced Wednesday it will move away from an earnings per share policy and focus instead on shareholder dividends. As part of its new policy, KMI plans to increase its quarterly dividend to 40 cents a share, or $1.60 annually, up 167% from its current 15 cents (60 cents a year).
June 12, 2003
Otay Mesa Asks to Import Gas for San Diego Plant
To solve the question of where gas supplies will come from for its new generating plant in San Diego, the Otay Mesa Generating Co. LLC on Friday asked the Federal Energy Regulatory Commission for authorization to build gas import facilities at the California-Mexico border to import up to 110 MMcf/d to fuel a 510 MWh station to be sited near San Diego (see Daily GPI, Oct. 12, 2000).
April 11, 2001
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