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Pipeline foes: Kinder Morgan financial woes a bad sign for Northeast Energy Direct

Pipeline opponents this week charged that Kinder Morgan is in “financial freefall,” and called into question the company’s ability to safely build Northeast Energy Direct, which would transport natural gas from Pennsylvania through New York and New England.

A group of 15 New Hampshire towns issued a statement Thursday saying Kinder Morgan is more than $40 billion in debt with “an unmanageable debt to equity ratio.” Kinder Morgan’s stock has plummeted over the past year, and the company on Tuesday slashed dividends to its shareholders, said the New Hampshire Municipal Pipeline Coalition

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