Kinder Morgan's Tennessee Gas Pipeline declares force majeure
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Kinder Morgan (NYSE:KMI) declared force majeures Wednesday on natural gas supplies in Pennsylvania and Alabama after a pair of fires at its Tennessee Gas Pipeline, Bloomberg reports.
A pipeline explosion and fire was reported Tuesday night at a pipeline segment in a rural area of McKean County, Pennsylvania, which Bloomberg estimated affected up to 330K dth, and another fire reportedly was identified at a station near Hamilton, Alabama, which was said to impact up to 375K dth.
The 11,900-mile Tennessee Gas Pipeline linking the northeastern U.S. to the Texas Gulf Coast is one of the largest pipeline systems in the U.S.
Seeking Alpha contributor Samuel Smith recently outlined a case for favoring midstream peer Plains All American Pipeline over Kinder Morgan.