Tom Martin in Institutional Investor
“There are still multiple federal, legal, and local challenges to the permitting process that add risks and potential delays to all new projects,” says Tom Martin, incoming president of Kinder Morgan, which moves 40 percent of U.S natural gas production through its 70,000 miles of pipeline. The near absence of new permits means that Kinder Morgan’s existing pipeline network is more valuable than ever, allowing the company to charge higher contract rates.