Kinder Morgan Inc at Sanford C Bernstein Strategic Decisions Conference (Virtual) Transcript

Jun 02, 2021 / 06:30PM GMT
Jean Ann Salisbury - Sanford C. Bernstein & Co., LLC., Research Division - Senior Analyst

Hi, everyone, and thank you for joining us. I'm Jean Ann Salisbury, the natural gas and midstream analyst at Bernstein. And I'm lucky enough to be joined by Steve Kean, the CEO of Kinder Morgan.

Today, we're going to have to speak for about 5 to 10 minutes about the company, and then it will be open discussion. And I would just like to draw everyone's attention to the Pigeonhole link where you can vote on questions, add questions. So please feel free to join the conversation that way. And I'll turn it over to you, Steve.

Steven J. Kean - Kinder Morgan, Inc. - CEO & Director

All right. Thank you, Jean Ann. So Peter, if you go to Page 3. So we announced yesterday an important acquisition, $1.25 billion of a Northeast transportation and storage asset, Stagecoach, fits in very nicely with our existing TGP, Tennessee Gas Pipeline Asset. Serving a part of the country where there's not a lot of new infrastructure being added and serving a part of the market that I

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