On Friday, Kinder Morgan Inc (NYSE:KMI)’s shares inclined 5.33% to $29.63.
Kinder Morgan, Inc. (KMI) partner Tennessee Gas Pipeline Company (TGP) issued the following statement:
The Massachusetts Department of Public Utilities order finding that it has the authority to approve contracts reached by electric distribution companies (EDCs) to secure dedicated natural gas pipeline transportation capacity is an important step in ensuring that electric generators have reliable access to the fuel needed to generate electricity within the ISO-NE transmission grid.
By requiring that such contracts be subject to an open and transparent procurement process in order to win approval, the DPU’s order should also benefit consumers, as interstate pipeline companies serving the region compete to provide natural gas to electric generators across New England at the lowest cost.
Kinder Morgan, Inc. operates as an energy infrastructure and energy company in North America. The company operates through Natural Gas Pipelines, CO2, Terminals, Products Pipelines, Kinder Morgan Canada, and Other segments.
Reynolds American, Inc. (NYSE:RAI)’s shares gained 0.86% to $44.01.
Reynolds American Inc. (RAI) has declared the following: “Reynolds American companies to consolidate manufacturing operations for VUSE Digital Vapor Cigarette.
RAI’s website, www.reynoldsamerican.com, is the primary source of publicly revealed news about RAI and its operating companies. We use the website as our primary means of distributing quarterly earnings and other company news. We encourage investors and others to register at www.reynoldsamerican.com to receive alerts when news about the company has been posted.
Reynolds American Inc., through its auxiliaries, manufactures and sells cigarettes and other tobacco products in the United States. It operates through RJR Tobacco, American Snuff, and Santa Fe segments.
At the end of Friday’s trade, Emerson Electric Co. (NYSE:EMR)‘s shares surged 3.30% to $44.19.
Emerson (EMR) declared it has closed on the sale of its InterMetro business to Ali Group, a private company based in Italy that specializes in the manufacturing of foodservice equipment for restaurants, hotel chains, hospitals, schools, airports, correctional facilities and canteens. Final terms of the sale were not revealed.
Presently part of Emerson’s Commercial and Residential Solutions segment, InterMetro is based in Wilkes-Barre, Pa., and employs more than 1,500 people across the globe.
J.P. Morgan acted as exclusive financial advisor to Emerson on the transaction. Brookwood Associates and Deloitte & Touche LLP acted as financial advisors to the Ali Group. Alston & Bird LLP acted as legal advisors for the Ali Group. Davis Polk & Wardwell LLP acted as legal advisors to Emerson.
Emerson Electric Co. provides technology and engineering solutions to industrial, commercial, and consumer markets worldwide. It operates through five segments: Process Administration, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions.
Mosaic Co (NYSE:MOS), ended its Friday’s trading session with 2.82% gain, and closed at $30.99.
Mosaic Fertilizer, LLC, a partner of The Mosaic Company (MOS), recently declared that it has reached settlements with federal and state environmental agencies to resolve claims about how the company has managed certain onsite waste materials at its fertilizer manufacturing facilities in Florida and Louisiana. The settlements are subject to court approval.
When the settlements become effective, the company will invest at least $170 million at its fertilizer manufacturing facilities to modify certain onsite waste administration practices and implement innovative procedures to recover and beneficially use resources. The company also will place $630 million of cash into trust as financial assurance to support the closure and long-term care of its phosphogypsum stack systems. As part of the agreements with the government, Mosaic will pay a penalty of $8 million and will conduct two environmental projects valued at $2.2 million in Florida and Louisiana. The company does not expect the settlements or resulting operational changes to adversely impact production rates or volumes. Mosaic has formerly talk about the potential of capital investment and financial assurance parameters of the settlements in its SEC filings.
The Mosaic Company produces and markets concentrated phosphate and potash crop nutrients for the agricultural industry worldwide. It operates through two segments, Phosphates and Potash.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
