Ruby Pipeline Succumbs to Bankruptcy

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Faced with $475 million in maturing bond debts it could not meet, the Ruby Pipeline, owned by Kinder Morgan and Pembina Pipeline, filed for Chapter 11 bankruptcy protection late last week in the hopes that it can get more time to negotiate a financial settlement with its bondholders. But the outlook for the natural gas pipeline remains grim.

Topics:
Gas Pipelines, Corporate Strategy
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