Kinder Morgan Energy Partners L.P. (NYSE: KMP) will proceed with its proposed expansion of the Trans Mountain crude oil pipeline in British Columbia, Canada following a successful open season that garnered 660,000 barrels per day (b/d), 20-year commitments. When completed, the proposed expansion will increase capacity on Trans Mountain from the existing capacity of 300,000 b/d to 850,000 b/d.

“We are extremely pleased with the strong commercial support that we received through the open season, which reinforces the appeal of our project and our approach,” Ian Anderson, president of Kinder ...