In a Twist, Snow Is Keeping Natural Gas Prices Down in Texas [Bloomberg Business News]
Kinder Morgan, Inc. (KMI)
Last kinder morgan, inc. earnings: 4/22 04:05 pm
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Source: Bloomberg Business News
Snow melt in the Sierra Nevada’s boosts California’s hydro Renewables slash gas demand for power in biggest U.S. state Natural gas in balmy Texas is feeling the chill of California’s snowy peaks 1,200 miles away. West Coast power producers are ditching gas in favor of cheap, plentiful hydroelectric power, which is surging after the wettest year ever across the Northern Sierra Nevada range. Much of that moisture fell as snow which is now melting, soaking fields, filling reservoirs and, to the consternation of the Texas gas market, furiously spinning turbines. All that has left gas backed up in Western Texas with nowhere to go. Flows along Kinder Morgan Inc .’s El Paso pipeline, the main shipper of Texas gas to California, are down 28 percent since the start of the year. As California enjoys its bounty of water, Texas gas prices are sinking. “The snow pack in the middle to lower elevations is mel
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News
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- Is Kinder Morgan (NYSE:KMI) A Risky Investment? [Yahoo! Finance]Yahoo! Finance
KMI
Earnings
- 4/17/24 - Beat
KMI
Sec Filings
- 4/24/24 - Form 4
- 4/24/24 - Form 144/A
- 4/24/24 - Form 144/A
- KMI's page on the SEC website