Message-ID: <17573992.1075855459576.JavaMail.evans@thyme> 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 Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: "Robert E. Brooks" @ENRON X-To: 'GPCM Distribution' X-cc: X-bcc: X-Folder: \Vincent_Kaminski_Jan2002_1\Kaminski, Vince J\Deleted Items X-Origin: Kaminski-V X-FileName: vkamins (Non-Privileged).pst 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