$2 billion will drop debt load to long-term goal
Kinder Morgan Canada (ticker: KML) has successfully closed the sale of the Trans Mountain Pipeline and the Trans Mountain Expansion Project to the Canadian government, and today the company announced its plans on how it will use the proceeds.

KML will receive $3.5 billion in after-tax funds from the sale, which will be distributed to shareholders. The majority of the payout will go to KML’s parent, Kinder Morgan, Inc (ticker: KMI), which will receive $2 billion.

KMI plans to use these proc...

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