Kinder Morgan-backed Ruby Pipeline files Chapter 11

Kinder Morgan Inc.-operated and backed Ruby Pipeline LLC, a natural gas pipeline joint venture with Pembina Pipeline Corp., filed to reorganize under Chapter 11 of the Bankruptcy Code in response to an upcoming debt repayment obligation.
April 1, 2022

Kinder Morgan Inc.-backed Ruby Pipeline LLC, a natural gas pipeline joint venture with Pembina Pipeline Corp., filed to reorganize under Chapter 11 of the Bankruptcy Code in response to a $475 million unsecured bond repayment obligation.

The JV owners will continue to work with Ruby's bondholders to work out a resolution and Kinder Morgan will continue to operate the pipeline as Chapter 11 permits daily operations to continue.

Ruby Pipeline is a 1.5 bcfd, 680-mile, 42-in. diameter pipeline system that extends from Wyoming to Oregon providing natural gas supplies from the major Rocky Mountain basins to consumers in California, Nevada, and the Pacific Northwest.

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