Kinder Morgan Partners (KMP -1.6%) cancels plans for the 277K bbl/day Freedom pipeline that...

|About: Kinder Morgan Energy Partne... (KMP)|By:, SA News Editor

Kinder Morgan Partners (KMP -1.6%) cancels plans for the 277K bbl/day Freedom pipeline that would have given refiners on the U.S. west coast such as Valero (VLO) and Tesoro (TSO) a direct stream of West Texas crude. KMP says it did not receive enough interest to commit to building the $2B project, and will switch its focus to crude-by-rail projects in Texas and California.