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Kinder Morgan's latest in energy transition

and nuclear news

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Sunya Scoop
January 23, 2023

Good Morning. This is the Sunya Scoop. The newsletter that takes energy transition news and turns it into an easy-to-read email for you. 

Here's what we have for you today:

  • Kinder Morgan's energy transition ventures

  • Navigator CO2's Heartland Greenway project to expand

  • NuScale's nuclear design gets approval

Kinder Morgan Reports Fourth Quarter Earnings Per Share up 7% and Distributable Cash Flow Per Share up 13% Versus the Fourth Quarter Of 2021

Kinder Morgan Board Authorizes $1 Billion Increase in Share Repurchase Program; Management Announces Succession Plans Kinder Morgan, Inc.’s (NYSE: KMI) board of directors today approved a cash dividend of $0.2775 per share for the fourth quarter ($1.11 annualized), payable on February 15, 2023, to stockholders of record as of the close of business on January 31, 2023. This dividend is a 3% increase over the fourth quarter of 2021. The company is reporting fourth quarter net income attributable t

https://ir.kindermorgan.com/news/news-details/2023/Kinder-Morgan-Reports-Fourth-Quarter-Earnings-Per-Share-up-7-and-Distributable-Cash-Flow-Per-Share-up-13-Versus-the-Fourth-Quarter-Of-2021/default.aspx

  • KMI has signed a term sheet with Red Cedar Gathering Company to transport and permanently sequester CO2 through KMI's pipelines in the Permian Basin.

  • Red Cedar, a joint venture between Southern Ute Indian Tribe Growth Fund and KMI, will capture CO2 from two natural gas facilities in Southern Colorado, with a target of 400,000 metric tons per year.

  • Construction is ongoing for Kinetrex Energy's $150 million RNG projects in Indiana, expected to be placed in service throughout 2023 and will add 3.5 Bcf of RNG production annually.

  • KMI has decided to convert one of the seven sites acquired from North American Natural Resources into an RNG facility, construction to begin in January 2023.

  • KMI is evaluating the potential for the remaining six sites to generate electricity and create e-RINs (contemplated in the latest EPA proposal) through biogas, which could provide earnings upside opportunities with minimal additional capital investment.

Navigator CO2 Project Expansion Leads to Revised Permit

Navigator CO2's vision of creating a comprehensive, safe and cost-effective carbon ecosystem continues to receive broad support from customers, communities

https://navigatorco2.com/press-releases/navigator-co2-project-expansion-leads-to-revised-permit-in-illinois

  • Navigator CO2's Heartland Greenway project, one of the world's largest carbon capture, utilization and storage projects, continues to receive broad support and make significant progress.

  • They will be filing a revised permit to expand the scope of the project and accelerate development of storage locations in central Illinois.

  • Navigator's CEO states that there's a growing number of industrial emitters recognizing the value of carbon capture technology and the Heartland Greenway will streamline the process for all parties.

U.S. approves design for NuScale small modular nuclear reactor

The U.S. nuclear power regulator has certified the design for the NuScale Power Corp's small modular reactor, the first such approval in the country for the next generation technology.

https://www.reuters.com/business/energy/us-approves-design-nuscale-small-modular-nuclear-reactor-2023-01-20/

Cofrents GIF by Compromís

  • NuScale Power Corp's small modular reactor (SMR) design gets first-of-its-kind approval in the US

  • The company plans to build a demo plant in Idaho costing $3 billion, with $600 million funding from the DOE

  • NuScale eyes expansion in Romania, Kazakhstan and Poland, despite concerns from nuclear safety experts

  • Next-gen reactors touted as crucial for providing carbon free energy, but also produce concerns around highly toxic waste

  • NuScale and other companies building next-gen reactors could be eligible for lucrative tax credits under recent IRA legislation.

  • NuScale went public via SPAC through Spring Valley (Pearl Energy-backed) last year with Fluor Corporation as the largest investor

That's a wrap for today. If you like what you read, send to a friend. 

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.