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Inergy, L.P. Message Board

  • investorseeker investorseeker Nov 30, 2010 6:45 AM Flag

    future growth and development

    “We have accomplished much in 2010 to position the Company for future growth and development,” said John Sherman, President and CEO of Inergy. “Our recent capital structure simplification eliminated the incentive distribution rights and lowered our cost of capital, resulting in a single streamlined entity with a larger balance sheet. The Tres Palacios natural gas storage acquisition puts us on the map as a major player in that sector with significant further growth potential. We expect that these strategic transactions will reposition the Company to deliver the consistent long-term financial results our investors expect. I would like to thank all of our employees for their focused execution in a challenging operating environment, and I look forward to executing on our objectives in the coming years.”