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Financial woes confront firm behind New England gas pipeline

2015-12-14 17:02:14| Oil & Gas - Topix.net

Kinder Morgan Inc., the energy giant proposing gas pipelines in the Northeast, is grappling with financial woes linked to falling energy prices and a steep drop in its stock price, forcing it to find new sources of capital. The Houston-based company announced Tuesday a 75 percent cut in its quarterly dividend to 12.5 cents per share to conserve cash for financing expansion projects.

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