NEW YORK, April 15, 2015 /PRNewswire/ -- According to the EIA, by 2035, natural gas surpasses coal as the largest source of U.S. electricity generation. The shift to natural gas occurs primarily as a result of its relatively low cost and coal-fired capacity retirements. Natural gas-fired plants account for 73% of capacity additions from 2013 to 2040 in the Reference case, compared with 24% for renewables, 3% for nuclear, and 1% for coal. This is the potential opportunity for well-positioned companies like Kinder Morgan to take advantage of this development.
Kinder Morgan, Inc. (NYSEMKT: KMI) is the largest midstream and the third largest energy company in North America. It owns an interest in or operates approximately 80,000 miles of pipelines and 180 terminals. The company operates in five segments including Natural Gas Pipelines, CO2, Products Pipelines, Terminals and Kinder Morgan Canada. It is an industry leader in all business segments and has an experienced management team.
Kinder Morgan has identified growth opportunities of $17.6 billion over the next five years of which $2.6 billion is expected in 2015 itself. The company continues to prove that it is capable of utilizing its extensive presence to boost domestic production, price differentials and shifting demand. With four of the five segments scheduled to receive over $500 million in capital, the company is well covered and poised for growth in the near future.
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