nyse kmi s & p 500 component industry oil and gas founded 1997 founder richard kinder william v. morgan headquarters houston texas u.s. area served u.s. and canada key people richard kinder executive chairman ; steve kean president and ceo ; kim dang cfo services pipeline transport oil storage number of employees 12 000 2016 website www.kindermorgan.com company headquarters kinder morgan is an american company headquartered in downtown houston texas . 1 it is the largest energy infrastructure company in north america specializing in owning and controlling oil and gas pipelines and terminals . 2 kinder morgan owns an interest in or operates approximately 84 000 miles of pipelines and owns about 180 terminals . 3 their pipelines transport natural gas refined petroleum products crude oil carbon dioxide and more . they also store or handle a variety of products and materials at their terminals such as gasoline jet fuel ethanol coal petroleum coke and steel . 3 the company has approximately 69 000 miles of natural gas pipelines 4 and moves about 38 percent of the natural gas consumed in the united states . 5 kinder morgan is also the largest independent terminal operator and the largest independent transporter of petroleum products in north america . 6 the company s co2 division provides carbon dioxide co2 for enhanced oil recovery projects in north america . 7 the company s headquarters is located in houston texas . contents 1 ceo 2 history 2.1 leveraged buyout 2.2 subsequent events 2.3 american petroleum tankers 3 companies 4 pipelines 4.1 trans mountain pipeline 4.2 northeast energy direct pipeline 4.3 palmetto pipeline 4.4 connecticut expansion project 4.5 kinder morgan safety violations 4.6 accidents 5 references 6 external links ceo edit steven j. kean is president and chief executive officer and a member of the office of the chairman of kinder morgan . he has been the president at kinder morgan inc. since march 31 2013 and has been its chief executive officer since june 1 2015 . kean served as chief operating officer of kinder morgan inc. since february 2011 . 8 9 history edit kinder morgan energy partners kmp was founded in 1997 when a group of investors acquired the general partner of a small publicly traded pipeline limited partnership enron liquids pipeline l.p. later renamed kinder morgan energy partners l.p. 2 in 1999 kinder morgan conducted a reverse merger with kn energy a utility and pipeline company . 10 natural gas pipeline company of america ngpl which serves the chicago market was acquired through this deal . kn energy became kinder morgan s second publicly traded company kinder morgan inc. kmi . 11 in 2001 kinder morgan s third publicly traded company kinder morgan management llc kmr was formed to facilitate institutional ownership of kmp equity . 11 leveraged buyout edit on august 28 2006 kinder morgan announced that it would be taken private in a management led leveraged buyout totaling approximately 22 billion . outside participants in the transaction include fayez sarofim goldman sachs capital partners and highstar capital then owned by american international group . 12 kmi began trading again on the nyse on february 11 2011 following the largest private equity backed u.s. ipo offering in history . 11 subsequent events edit in october 2011 kinder morgan inc. agreed to buy el paso corp. ep for 21.1 billion and gave the combined company 67 000 miles 107 000 kilometers of gas lines eclipsing enterprise products partners lp epd as the biggest u.s. pipeline operator . the transaction paid with shares of kinder morgan kinder morgan warrants and all of cash portion 11.5 billion through barclays plc barc borrowing . 13 on august 10 2014 kinder announced it was moving to full ownership of its partially owned subsidiaries kinder morgan energy partners kinder morgan management and el paso pipeline partners in a deal worth 71 billion . 14 the transaction closed on november 26 2014 . 15 prior to november 26 2014 the kinder morgan group publicly traded companies included kinder morgan inc. nyse kmi kinder morgan energy partners l.p. nyse kmp kinder morgan management llc nyse kmr and el paso pipeline partners l.p. nyse epb ; a merger transaction combined all under kinder morgan inc. nyse kmi on november 26 2014 . 16 american petroleum tankers edit on december 23 2013 kinder morgan announced that through its kinder morgan energy partner subsidiary ticker kmp on nyse it would acquire the us oil tanker operator american petroleum tankers apt and its affiliated company sct state class tankers from the us private equity investment firms blackstone group and cerberus capital management . apt operates a fleet of five us flagged mr 50 000 tons 330 000 barrels oil tankers and has four other similar tankers on order from the general dynamics shipbuilding company nassco in california . this acquisition appears to be the first case whereby a pipeline operator will also be able to offer marine transportation . 17 this acquisition would facilitate the export of u.s. natural resources to overseas markets and kinder morgan had lined up some lng export customers by july 2014 . 18 companies edit plantation pipeline 2000 hl with exxonmobil 19 20 21 calnev pipeline 2001 hl 22 central florida pipeline 2001 hl 22 midcontinent express pipeline km owned 50 % by 2007 gt fayetteville express pipeline llc co owned with energy transfer partners 2008 gt kinder morgan altamont llc gg kinder morgan cochin llc hl kinder morgan co2 company houston texas hl kinder morgan inc. houston texas natural gas pipeline company of america co owned with brookfield infrastructure partners l.p. gt kinder morgan terminals houston texas hl kinder morgan louisiana pipeline llc kmlp crowley louisiana gt kinder morgan north texas pipeline gt kinder morgan wink pipeline hl el paso corporation was purchased in 2012 with subsidiaries tennessee gas pipeline gt 2012 southern natural gas company gt 2012 colorado interstate gas co hl & gt 2012 ruby pipeline 2012 wyoming interstate co 2012 el paso natural gas co gt 2012 mojave pipeline co gt 2012 florida gas transmission company llc 50 % by 2014 gt pipelines edit kinder morgan inc. is a leading pipeline transportation and energy storage company in north america . kinder morgan owns or operates approximately 84 000 miles of pipelines transporting primarily natural gas crude oil and petroleum products . in canada kinder morgan operates the trans mountain oil pipeline which links alberta with vancouver bc as well as the cochin pipeline between western canada and the us midwest . trans mountain pipeline edit main article kinder morgan trans mountain pipeline system in 2013 kinder morgan filed its application to the canadian national energy board neb for building a second pipeline roughly parallel to the existing trans mountain for transporting diluted bitumen between edmonton alberta and burnaby east of vancouver bc . the new pipeline would nearly triple the transportation capacity from 300 000 to 850 000 barrels per day for an estimated investment of 6.8 billion . 23 this expansion would enable the export of larger volumes of alberta s bituminous sands oil to the us and to asian countries . 24 kinder morgan had the support of several large petroleum industry customers for this expansion bp canada energy trading co. canadian natural resources canadian oil sands ltd. cenovus energy inc. devon canada corp. husky energy marketing inc. imperial oil ltd. nexen marketing inc. statoil canada ltd. suncor energy marketing inc. suncor energy products partnership tesoro refining & marketing co. and total e & p canada ltd citation needed . this project is controversial as are similar pipeline projects like northern gateway from alberta to kitimat bc keystone xl to the us south and line 9 enbridge s project from sarnia to montreal all of which expand the transportation capacity of heavy crude to refineries or loading ports for export to the us or overseas . the expansion project faced strong opposition from civic governments first nations environmentally concerned citizens and others . protests in november 2014 focused on kinder morgan s surveying work . members of the squamish and tsleil waututh first nations of british columbia canada paddled canoes on the waters of burrard inlet to the kinder morgan burnaby terminal for a ceremony to protest the expansion of the trans mountain pipeline in north vancouver b.c. on september 1 2012 . tsleil waututh leaders hoped to shut down the project altogether . 25 the existing and proposed pipelines ship diluted bitumen through the strait of juan de fuca an extremely sensitive environmental region . the tankers have to pass through a very narrow channel of shallow water to reach the open sea making the project controversial and strongly opposed by some canadians 1 and americans for reasons similar to the opposition to keystone xl line 9 and northern gateway and offshore deep ocean oil drilling . in 2016 b.c. said that it did not support trans mountain partly because kinder morgan has not provided enough information about its proposed spill prevention program . 26 northeast energy direct pipeline edit this high pressure 30 inch gas transmission pipeline proposed in 2014 was slated to pass from wright new york to dracut massachusetts to help alleviate new england s uniquely high natural gas and electricity costs caused by severely limited natural gas transportation capacity currently serving the region . however the project faced faced stiff opposition from a coalition of anti fracking activists pipeline safety advocates who raised questions about the proximity of a high pressure pipeline to their homes sustainable energy advocates property owners who objected to having land seized by eminent domain and environmentalists hoping to preserve wetlands and old growth forests . legislators and elected officials responded to voters concerns . 27 on april 21 2016 kinder morgan suspended its effort to build the 412 mile ned pipeline citing economic difficulties and lack of distribution commitments or customers for the gas . 28 palmetto pipeline edit likewise kinder morgan s proposed palmetto pipeline designed to go from the gulf coast to the southeast markets was nixed . its path would have taken it through 201 miles of eastern and coastal georgia and drew opposition from local residents and environmental groups . the company suspended work on the project after the georgia state legislature passed a temporary moratorium on the use of eminent domain for pipeline construction and commissioned a study to review the project . 29 the company filed an appeal . 30 connecticut expansion project edit kinder morgan proposed a 13 mile long 36 inch diameter high pressure natural gas storage loop which would include a 4 mile pipeline spur through sandisfield massachusetts crossing the otis state forest and using water from spectacle pond . the company invoked the u.s. natural gas act to have the needed land condemned so they could seize it by eminent domain . 31 however the commonwealth of massachusetts challenged kinder morgan in court arguing that the state constitution s article 97 which protects designated conservation land forbids construction of a pipeline through protected lands . 32 kinder morgan safety violations edit in 2009 the pipeline and hazardous materials safety administration phmsa cited kinder morgan for violating safety standards regarding the distance between a natural gas pipeline and a high consequence area such as a school or hospital ; the pipeline was too close for safe operation in case of a leak . 33 in 2011 phmsa cited kinder morgan for these safety violations failing to maintain update maps showing pipeline locations failing to test pipeline safety devices failing to maintain proper firefighting equipment failing to inspect its pipelines as required failing to adequately monitor pipes corrosion levels . 34 also in 2011 the u.s. department of transportation cited kinder morgan for violations including the company s failure to have and follow written startup and shutdown procedures and failing to have or use other measures to detect abnormal operating conditions and proposed a fine of 425 000 . 35 in 2013 the