LONDON, UK / ACCESSWIRE / September 19, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Kinder Morgan, Inc. (NYSE: KMI), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=KMI. The National Energy Board (NEB or Board) of Canada shared on September 14, 2017, that it had completed the pre-construction audit of Kinder Morgan's Trans Mountain Pipeline ULC (Trans Mountain). The Audit was done to determine the ability of Trans Mountain to ensure worker safety and ability prevent accidents while undertaking construction of the Trans Mountain Expansion Project. For immediate access to our complimentary reports, including today's coverage, register for free now at:

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NEB's Observations Post Audit

The NEB's audit revealed that Trans Mountain had not put in place all the requisite oversight measures to manage construction-related safety and environmental protection for the construction of the project by the time of the audit. However, Trans Mountain had submitted the corrective action plan (CAP) for the project. The NEB had approved the CAP and based on the same has granted permission to begin construction on the select phases where the Company has fulfilled all the requirements as set by the Board.

The NEB ensures compliance of projects it monitors, and it has the authority to stop the project at any point in time if companies do not comply with its requirements in terms of safety and environment protection. The NEB plans to monitor the implementation of the CAP by Trans Mountain for the entire duration of construction of this project and ensures proper compliance verification of activities.

The NEB's pre-construction audit was conducted over a two-month period from April 13, 2017, to June 14, 2017, and the Board conducted a review of documents and on-site activities, including extensive interviews with Company employees and review of internal documents that describe Company procedures, training materials, and staff responsibilities. During the audit, the NEB reviewed 37 items and found that 11 items did not have any compliance issues, 15 items were non-compliant, and 10 items were not assessed as these items were not yet required at the time of the audit. One more item was not assessed as it was being evaluated as a part of the NEB's compliance verification activities. Any item(s) that the NEB has overlooked at the time of audit would be covered while undertaking other compliance verification activities.

Commenting on the matter, Peter Watson, Chairman and CEO of NEB said:

"This pre-construction audit is one of our proactive tools for regulatory oversight for the NEB. This is all about prevention and we believe that significant incidents can be avoided in the future by ensuring Companies have the proper systems and processes in place even before they begin construction."

About The National Energy Board

Established in 1959, the NEB is an independent federal regulator of Canada. The Board reports to the Canadian Parliament through the Minister of Natural Resources. The Board monitors and regulates the construction of pipelines, energy development and trade and promotes safety and security, environmental protection and economic efficiency so that they are in the best interest of the Canadian public.

About Kinder Morgan's Trans Mountain Expansion Project

Kinder Morgan is one of the largest energy infrastructure Companies in North America. It owns an interest in, or operates, approximately 84,000 miles of pipelines and 155 terminals. Its pipelines transport natural gas, gasoline, crude oil, carbon dioxide (CO2), and more. Kinder Morgan's Canadian subsidiary Kinder Morgan Canada Limited (KML) owns and operated an integrated network of pipeline systems and terminal facilities in Canada. The Pipeline business vertical includes the Trans Mountain pipeline system (including the Westridge Marine terminal), the Canadian portion of the Cochin pipeline system, the Puget Sound pipeline system, and the Jet Fuel pipeline system. The Terminals business vertical includes the Vancouver Wharves terminal in British Columbia and numerous terminals in Edmonton, Alberta.

The existing Trans Mountain Pipeline system is operational since 1953 and is owned by Kinder Morgan Canada. It is a 1,150-kilometre pipeline that transports gasoline to the Interior and South Coast of British Columbia. Kinder Morgan Canada in April 2012 announced the expansion of the Trans Mountain Pipeline system between Edmonton and Burnaby.

The proposed Trans Mountain Expansion Project, if approved by the NEB would increase the capacity of the Trans Mountain Pipeline from 300,000 barrels per day to 890,000 barrels per day. The expansion project requires an investment of approximately $7.4 billion. The expansion would complete the twinning of the existing pipeline between Strathcona County, Alberta and Burnaby, British Columbia. The Company has been actively working with landowners, Aboriginal groups, communities, and stakeholders on the proposed Expansion Project.

After the recommendations on the project by the NEB in May 2016, the Federal Government of Canada approved the Project in November 2016 subject to fulfillment of 157 conditions. Out of these nearly 45 conditions pertain to the Westridge Marine Terminal. Trans Mountain has satisfied the applicable NEB's pre-construction conditions as on August 30, 2017. Part of the expansion project includes the upgrade and expansion of the Westridge Marine Terminal, which comes under the jurisdiction of the Vancouver Fraser Port Authority (VFPA). The Westridge Marine Terminal expansion project includes the construction of a new dock complex with three berths, a utility dock to moor tugs, boom boats, and emergency response vessels, additional delivery pipelines. The three new 30-inch delivery lines will be laid in a tunnel from Burnaby Terminal to supply each berth at the Westridge Marine Terminal. The VFPA approved Trans Mountain's permit application after conducting a complete project and environmental review on August 28, 2017. The VFPA approval was subject to Trans Mountain fulfilling nearly 57 conditions which would ensure that the project construction is done safely; protects the environment; considers the impact on local communities, and does not lead to any adverse environmental effects.

The current approval from the NEB will allow the Company to move closer to the construction of the Trans Mountain Expansion Project.

Last Close Stock Review

On Monday, September 18, 2017, the stock closed the trading session at $19.39, marginally up 0.15% from its previous closing price of $19.36. A total volume of 8.20 million shares have exchanged hands. Kinder Morgan's stock price advanced 5.38% in the last one month and 1.73% in the past three months. The stock is trading at a PE ratio of 63.57 and has a dividend yield of 2.58%. The stock currently has a market cap of $43.26 billion.

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