Kinder Morgan Agrees to Settle With Employees

Federal officials say Kinder Morgan has agreed to pay more than $830,000 to settle allegations the Houston pipeline company violated rules on bonuses and other compensation.

The Labor Department says the agreement involving more than 4,600 current and former employees settles a lawsuit the agency filed against the company and a subsidiary, Kinder Morgan Energy Partners LP.

The lawsuit alleging violations of the Fair Labor Standards Act followed an investigation of eleven Kinder Morgan locations in Arkansas, Colorado, Louisiana, North Dakota and Texas.

Labor officials say overtime rates weren't properly calculated into bonuses, some employees weren't paid for pre-shift meetings, and workers' hours were improperly rounded to benefit the company.

The agreement awaits a judge's approval.

Bio photo of Andrew Schneider

Andrew Schneider

Business Reporter

Andrew Schneider joined KUHF in January 2011, after more than a decade as a print reporter for The Kiplinger Letter...