NEB Establishes Generic Process to Address Provincial and Municipal Permit Issues Regarding Trans Mountain Expansion Project

Thursday, January 18, 2018 9:07 pm EST

Dateline:

HOUSTON

Public Company Information:

NYSE:
KMI
US49456B1017
"Creation of a process that is open, fair and provides certainty for all parties is good news and is an important component of the assurances we need for the successful execution of the Trans Mountain Expansion Project"

HOUSTON--(BUSINESS WIRE)--Kinder Morgan, Inc. (NYSE: KMI) is pleased with the National Energy Board’s (NEB) decision today setting down a generic process to hear any future motions as they relate to provincial and municipal permitting issues.

“Creation of a process that is open, fair and provides certainty for all parties is good news and is an important component of the assurances we need for the successful execution of the Trans Mountain Expansion Project,” said Ian Anderson, President of Kinder Morgan Canada Limited.

Kinder Morgan is committed to continuing to work with local authorities in good faith and will be reviewing the decision in more detail.

The NEB and the Government of Canada considered timing and schedule in their determination that the Project is in the public’s interest. Timely execution of the Project is necessary for Trans Mountain to provide the needed transportation capacity to access global oil markets and maximize related economic benefits to all Canadians including local, regional and Aboriginal communities.

Kinder Morgan, Inc. (NYSE: KMI) is one of the largest energy infrastructure companies in North America. It owns an interest in or operates approximately 85,000 miles of pipelines and 152 terminals. KMI’s pipelines transport natural gas, refined petroleum products, crude oil, condensate, CO2 and other products, and its terminals transload and store petroleum products, ethanol and chemicals, and handle such products as steel, coal and petroleum coke. It is also a leading producer of CO2 that we and others use for enhanced oil recovery projects primarily in the Permian basin. For more information please visit www.kindermorgan.com.

Important Information Relating to Forward-Looking Statements

This news release includes forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities and Exchange Act of 1934. Generally the words “expects,” “believes,” anticipates,” “plans,” “will,” “shall,” “estimates,” and similar expressions identify forward-looking statements, which are generally not historical in nature. Forward-looking statements are subject to risks and uncertainties and are based on the beliefs and assumptions of management, based on information currently available to them. Although KMI believes that these forward-looking statements are based on reasonable assumptions, it can give no assurance that any such forward-looking statements will materialize. Important factors that could cause actual results to differ materially from those expressed in or implied from these forward-looking statements include the risks and uncertainties described in KMI’s reports filed with the Securities and Exchange Commission (SEC), including its Annual Report on Form 10-K for the year-ended December 31, 2016 (under the headings “Risk Factors” and “Information Regarding Forward-Looking Statements” and elsewhere) and its subsequent reports, which are available through the SEC’s EDGAR system at www.sec.gov and on our website at ir.kindermorgan.com. Forward-looking statements speak only as of the date they were made, and except to the extent required by law, KMI undertakes no obligation to update any forward-looking statement because of new information, future events or other factors. Because of these risks and uncertainties, readers should not place undue reliance on these forward-looking statements.

Contact:

Kinder Morgan, Inc.
Media Relations
Dave Conover, 713-369-9407
dave_conover@kindermorgan.com
or
Investor Relations
800-348-7320
km_ir@kindermorgan.com
www.kindermorgan.com

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Houston, Texas  77002

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