Kinder Morgan dumps plans for North East pipeline

The Board of Directors of Kinder Morgan has voted to suspend further work and expenditures on a proposed natural gas pipeline that would have carried 1.3 billion cubic feet of fracked natural gas per day from Pennsylvania to the Northeast, the company announced late Wednesday afternoon. Less than a year ago, the company authorized its subsidiary, Tennessee Gas Pipeline, to move forward with a multi-billion dollar investment in pipeline capacity from Wright, New York to Dracut, Massachusetts. Te

The Board of Directors of Kinder Morgan has voted to suspend further work and expenditures on a proposed natural gas pipeline that would have carried 1.3 billion cubic feet of fracked natural gas per day from Pennsylvania to the Northeast, the company announced late Wednesday afternoon. Less than a year ago, the company authorized its subsidiary, Tennessee Gas Pipeline, to move forward with a multi-billion dollar investment in pipeline capacity from Wright, New York to Dracut, Massachusetts. Te…