Energy Transfer, SemGroup, Kinder Morgan: Your Daily Energy News

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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

CORPORATE
SemGroup Stockholders Approve Merger with Energy Transfer - Stockholders of the Oklahoma pipeline company SemGroup (NYSE:SEMG) voted to approve a $5 billion merger with Dallas-based pipeline giant Energy Transfer (NYSE:ET). The deal is expected to expand Energy Transfer's crude oil and natural gas liquids pipeline capacity by adding crude oil gathering assets in the DJ Basin in Colorado and the Anadarko Basin in Oklahoma and Kansas in addition to crude oil and natural gas liquids pipelines connecting the DJ Basin and Anadarko Basin with crude oil terminals in Cushing, Oklahoma. (Houston Chronicle)

POWER
ERCOT: Texas Has Enough Power for Summer Despite Rising Demand - Texas is expected to have more ample supplies of electricity next summer as new renewable and gas-fired projects come online, according to a new forecast issued by the state's grid manager the Electric Reliability Council of Texas (ERCOT). ERCOT predicts that Texas will have a reserve margin of 10.6% heading into next summer, two percentage points higher than the 8.6% reserve margin Texas had as it entered the hot summer months of 2019. (Houston Chronicle)

FINANCIAL
Kinder Morgan Expects Earnings to Increase Slightly in 2020 - Pipeline operator Kinder Morgan Inc (NYSE:KMI) on Thursday said it expects core earnings to increase slightly next year and signaled it would move to cut its debt load and increase its dividend. The company said it expected adjusted pre-tax earnings of $7.6 billion next year, in line with Wall Street estimates but slightly up from a recent forecast of $7.56 billion in the third quarter.

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About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the trading, logistics and marketing communities. We are the number one source for information about electricity outages, refinery turnarounds and midstream natural gas disruptions.

About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.