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Date: Wed, 19 Dec 2001 11:54:16 -0800 (PST)
From: rebrooks@earthlink.net
To: rebrooks@rbac.com
Subject: GPCM News: 12/19/01: GPCM Holiday Support Schedule: Kinder Morgan
 to Buy Tejas
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GPCM HolidaySupport Schedule
 
RBACwill shut down for the holidays on Thursday, December 20, at noonPacific Time, returning Wednesday, December 26.  We will be maintaining an abbreviated schedule Dec 26-28, will be shut down Dec 29 - Jan 2 and then return to regular hours Jan 3 - 4.  Bob Brooks will be available for emergencies during this period.  You can reach him at 323-821-9075 for such an emergency. 
 
We also want to wish all our readers and their families a wonderful holiday season and a great New Year.
 
From http://www.enerfax.com :
 
Kinder Morgan to Buy TejasGas
 
    Kinder Morgan has agreed to buy TejasGas for $750 million in 
cashto from InterGen, a joint venture between Bechtel and Royal 
Dutch/Shell.Tejas3,400-mile Texaspipeline carries 3.5 Bcf of 
naturalgas per day and will give it access to natural-gas-fired 
powerplants being built along the pipeline in South and East Texas
andthe GulfCoastarea. The deal will add at least $0.10 per year to 
Kinder Morgan's dividends.The sale is expected to be completed early 
nextyear. Kinder Morgan also raised its target for 2002 earnings by 
$0.15 per share, to between $2.55 and $2.65.Kinder Morgan has 
announcedalmost $1.4 billion in acquisitions this year. It has 
agreedto buy Enron's share of a $68 million natural gas pipeline 
runningfrom Coloradoto Nebraska. The company has also purchased 
pipelinesand terminals from GATX Corp for $1.15 billion, and it has 
agreedto buy terminals in New Yorkand New Jerseyfrom Norway's 
Stolt-Nielsen for $70 million.Kinder Morgan owns and operate
20,000 miles of petroleum, natural gas and carbon dioxide pipelines 
and70 terminals in the US.
 
Bob Brooks
GPCM Natural Gas Market Forecasting System
http://gpcm.rbac.com
 