HOUSTON & ST. LOUIS--(BUSINESS WIRE)-- Kinder Morgan Energy Partners, L.P. (NYSE: KMP - News) today announced plans to invest approximately $140 million to further expand its coal handling facilities along the Gulf Coast. Concurrently, Arch Coal (NYSE: ACI - News) has signed a long-term throughput agreement with KMP that will help support the expansion of these export facilities. Also, Arch and KMP are in final discussions to include, in the throughput agreement, port space for coal shipments at KMP-owned facilities on the East Coast.
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