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Technology Stocks : KMI- a fallen high dividend yielder - for how long?
KMI 15.73+3.0%4:00 PM EST

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From: E_K_S7/17/2020 2:43:29 PM
   of 138
 
FERC was busy today . .

FERC clears Kinder Morgan to begin Elba LNG Unit 8 service

Jul. 17, 2020 9:53 AM ET|About: Kinder Morgan, Inc. (KMI)|By: Carl Surran, SA News Editor

Kinder Morgan's ( KMI +1.5%) request to place the seventh liquefaction train at its Elba Island liquefied natural gas export plant in Georgia into service is approved by the Federal Energy Regulatory Commission.

Kinder Morgan said earlier this week that Train 8 was ready for service; trains 1-6 already are in service, and units 7, 9 and 10 are in various stages of commissioning.

Elba, which is 51% owned by units of Kinder Morgan and 49% by EIG Global Energy Partners, is designed to liquefy ~2.5M mt/year of LNG; Royal Dutch Shell ( RDS.A, RDS.B) has a 20-year contract to use the facility.

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Williams wins FERC approval for Leidy South gas project
Jul. 17, 2020 2:37 PM ET|About: The Williams Companies, Inc. (WMB)|By: Carl Surran, SA News Editor

Williams ( WMB -1%) says the Federal Energy Regulatory Commission approved its Leidy South natural gas pipeline project in Pennsylvania that will create 582K dth/day of additional pipeline capacity.

The project will connect gas produced by Cabot Oil & Gas ( COG +0.8%) and Seneca Resources in the Marcellus and Utica regions with demand markets along the Atlantic Seaboard by the 2021-22 winter heating season.

By maximizing the use of the existing Transco transmission corridor and expanding existing facilitiesa, Williams says Leidy South will reduce the amount of new infrastructure and land use needed.

Williams recently was upgraded to Overweight at Morgan Stanley, citing its gas gathering exposure that stands to benefit from a potentially pipeline constrained Bakken pending a resolution of the Dakota Access Pipeline.
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