Money Key Kinder Morgan execs offered $1.5M bonuses

23:31  04 june  2018
23:31  04 june  2018 Source:   msn.com

Crude oil spill reported at Kinder Morgan facility north of Kamloops

  Crude oil spill reported at Kinder Morgan facility north of Kamloops <p></p><p></p>

News Worth Debating. Key Kinder Morgan executives offered $ 1 . 5 -million retention bonuses . Published on June 4, 2018 in Canada by The Canadian Press.

"Adding insult to injury to this public bailout, it includes a -million bonus to Kinder Morgan executives," he charged. Out of the shadows: Montreal porn exec Bella French is changing the industry from within. Yahoo Finance Canada.

CALGARY - Kinder Morgan Canada is paying $1.5-million bonuses to two senior executives to ensure they stay with the company as its Trans Mountain pipeline system is sold to the federal government in a $4.5-billion sales agreement.

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Kinder Morgan Inc

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B.C. ministry of environment confirms 100-litre spill at Trans Mountain pipeline station

  B.C. ministry of environment confirms 100-litre spill at Trans Mountain pipeline station B.C.’s ministry of environment has confirmed a spill at a Trans Mountain pipeline pump station north of Kamloops.&nbsp;B.C.’s ministry of environment has confirmed a spill at a Trans Mountain pipeline pump station north of Kamloops.

Kinder Morgan Canada is paying $ 1 . 5 -million bonuses to two senior executives to ensure they stay with the company as its Trans Mountain pipeline system is sold to the federal government in a .5-billion sales agreement.

Opposition politicians hit the Liberal government with pointed questions Monday over news that two Kinder Morgan Canada executives will each be given $ 1 . 5 -million bonuses to ensure they stay on as its Trans Mountain pipeline system is sold to the federal government.

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The company says it approved the payments to president Ian Anderson and David Safari, the vice-president overseeing the Trans Mountain pipeline expansion, to be paid in equal parts in July 2019 and July 2020.

The payments, outlined in a regulatory filing, are conditional on their continued employment through each date.

Kinder Morgan Canada says the arrangements are "consistent with industry practice" for a project and transaction of this size.

The filing is dated on the same day last week that Finance Minister Bill Morneau announced the deal to purchase the pipeline assets.

Federal government expected to announce financial plan for Trans Mountain pipeline Tuesday morning

  Federal government expected to announce financial plan for Trans Mountain pipeline Tuesday morning Federal government expected to announce financial plan for Trans Mountain pipeline Tuesday morning There are three options on the table, which include the government buying and building the expansion, then selling it once it's complete; and buying it on an interim basis, then selling it to investors and leaving them to handle the construction.

Share this story. Opposition criticizes $ 1 . 5 -million retention bonuses for Kinder Morgan execs . The government has said it is counting on the continued employment of key pipeline staff to ensure completion of the project to triple capacity of the pipeline from Edmonton to Burnaby, B.C.

Key Projects. Broad Run Project. Kinder Morgan is one of the largest energy infrastructure companies in North America. We own an interest in or operate approximately 85,000 miles of pipelines and 152 terminals.

The government has said it is counting on the continued employment of key pipeline staff to ensure the estimated $7.4-billion project to triple capacity of the pipeline from Edmonton to Burnaby, B.C., is completed.

The filing also notes that the company has terminated and repaid a $5.5-billion revolving credit facility with the Royal Bank of Canada.

Ottawa is to provide loan guarantees for any money the company spends on the endeavour between now and when the pipeline's ownership changes.

Kinder Morgan is to ask shareholders to vote on the deal before the end of July. If shareholders approve the sale, the paperwork is to be completed sometime in August or September.

Construction is expected to be finished in about two and a half years.

Companies in this article: (TSX:KML)

Kinder Morgan's Kamloops spill 48 times larger than B.C. first reported .
KAMLOOPS — A spill from Kinder Morgan’s Trans Mountain pipeline late last month was 48 times larger than initially reported, officials said. The spill volume reported from the company’s Darfield station north of Kamloops on May 27 was revised to 4,800 litres from 100 litres, the B.C. Ministry of Environment said Sunday. It said 100 […]KAMLOOPS — A spill from Kinder Morgan’s Trans Mountain pipeline late last month was 48 times larger than initially reported, officials said.

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