A Houston-based midstream energy company will go forward with its $1.7 billion natural gas pipeline that will be located right in the city's backyard. Kinder Morgan announced that the 216-mile Trident Intrastate Pipeline will be built in Katy and bring 1.

Kinder Morgan's (NYSE: KMI) dry spell has come to an end. The natural gas pipeline company had struggled to grow in recent years because of headwinds from expiring contracts. It reported strong earnings growth and unveiled another major new expansion project.

Investors seeking growth and income should consider buying Kinder Morgan, Inc. stock, backed by solid fundamentals and buybacks. Click for more on KMI.