article thumbnail

Kinder Morgan to purchase El Paso for approximately $38B to form largest natural gas pipeline network and largest midstream energy enterprise in North America

Green Car Congress

(KMI) and El Paso Corporation on Sunday announced a definitive agreement whereby KMI will acquire all of the outstanding shares of EP in a transaction that will create the largest midstream and the fourth-largest energy company in North America with an enterprise value of approximately $94 billion and 80,000 miles of pipelines.

El Paso 225
article thumbnail

UPS makes largest purchase of renewable natural gas yet in the US: 170M gallon equivalents over 7 years

Green Car Congress

to purchase 170 million gallon equivalents of renewable natural gas (RNG) through 2026. RNG is a key part of UPS’ strategy to increase alternative fuel consumption to be 40% of total ground fuel purchases by 2025, supporting the logistics leader’s efforts to reduce the absolute greenhouse gas (GHG) emissions of its ground fleet 12% by 2025.

Purchase 247
article thumbnail

Electric vehicles are inflation relief

Electric Auto Association

El Paso Electric , for example, offers a popular EV cost of ownership calculator. Let's build a scenario Let's say you want to purchase a 2023 Chevy Bolt in Texas. 246 to fill up monthly The cost of electricity @ $0.1374/kWh is $ 3,846 (courtesy of El Paso Electric). $64 gal would be $12,785.

El Paso 84