Kinder Morgan Terminals Signs 10-Year Agreement with Nucor Corporation
Kinder Morgan, Inc. (NYSE: KMI) today announced it has entered into a new, 10-year agreement with Nucor Corporation to provide
in-plant services for five of Nucor’s facilities at Decatur, Alabama; Hertford, North Carolina; Berkeley, South Carolina; and two
facilities at Blytheville, Arkansas. The five facilities produce approximately 13.4 million tons of steel products annually. KMI
will be handling approximately 14.8 million tons annually of scrap steel, direct-reduced iron, pig iron and other feedstocks, as
well as providing other ancillary services. The value of the agreement is approximately $900 million.
“Nucor is one of our largest customers in our Terminals division. This new agreement ensures that KMI will continue to provide
handling, processing, warehousing and marine services to Nucor, the largest recycler and steel producer in North America,” said KMI
Terminals President John Schlosser. “These facilities provide Nucor and other customers access to our growing national network of
marine and rail terminals. This agreement also reconfirms KMI’s commitment to growing our terminals business.”
Kinder Morgan, Inc. (NYSE: KMI) is the largest energy infrastructure company in North America. It owns an interest in or
operates approximately 84,000 miles of pipelines and approximately 180 terminals. The company’s pipelines transport
natural gas, gasoline, crude oil, CO2 and other products, and its terminals store petroleum products and chemicals, and
handle bulk materials like coal and petroleum coke. For more information please visit www.kindermorgan.com.
Important Information Relating to Forward-Looking Statements
This news release includes forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act
of 1995 and Section 21E of the Securities and Exchange Act of 1934. Generally the words “expects,” “believes,” anticipates,”
“plans,” “will,” “shall,” “estimates,” and similar expressions identify forward-looking statements, which are generally not
historical in nature. Forward-looking statements are subject to risks and uncertainties and are based on the beliefs and
assumptions of management, based on information currently available to them. Although Kinder Morgan believes that these
forward-looking statements are based on reasonable assumptions, it can give no assurance that any such forward-looking statements
will materialize. Important factors that could cause actual results to differ materially from those expressed in or implied
from these forward-looking statements include the risks and uncertainties described in Kinder Morgan’s reports filed with the
Securities and Exchange Commission, including its Annual Report on Form 10-K for the year-ended December 31, 2015 (under the
headings “Risk Factors” and “Information Regarding Forward-Looking Statements” and elsewhere) and its subsequent reports, which are
available through the SEC’s EDGAR system at www.sec.gov and on our website at ir.kindermorgan.com. Forward-looking statements speak only as of the date
they were made, and except to the extent required by law, Kinder Morgan undertakes no obligation to update any forward-looking
statement because of new information, future events or other factors. Because of these risks and uncertainties, readers should not
place undue reliance on these forward-looking statements.
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Kinder Morgan, Inc.
Media Relations
Richard Wheatley, (713) 420-6828
Richard_wheatley@kindermorgan.com
or
Investor Relations
(713) 369-9490
km_ir@kindermorgan.com
www.kindermorgan.com
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