KINDER MORGAN ENERGY PARTNERS ANNOUNCES OPEN SEASON
HOUSTON, June 1, 2009 – Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today launched an open season to solicit market interest for its Cochin Bakken Crude Project, which would enable the pipeline to offer a new service for light crude oil transportation from the Bakken producing region in North Dakota to destination points in Minnesota, Michigan and Ohio. Subject to shipper support, regulatory approval and necessary capital improvements, Bakken crude oil shipments could begin as soon as Feb. 1, 2011, and Kinder Morgan could move up to 30,000 barrels per day of crude oil. Kinder Morgan is seeking binding commitments from interested customers for contract terms of three or five years, with service beginning Feb. 1, 2011. Signed Transportation Service Agreements (“TSAs”) by prospective shippers must be submitted by July 17, 2009, to Dan Rial, director of Business Development in Kinder Morgan’s Products Pipeline group, at (713) 369- 9380 or
riald@kindermorgan.com.www.kindermorgan.com or contact Dan Rial.
KMP – Cochin Open Season Page 2 Cochin is a multi-product pipeline consisting of approximately 1,900 miles of 12-inch pipeline operating between Fort Saskatchewan, Alberta, and Windsor, Ontario. Cochin traverses three provinces in Canada and seven states in the United States, transporting propane, butane and natural gas liquids to the midwestern United States and eastern Canadian petrochemical and fuel markets. The pipeline includes 31 pump stations spaced at 60-mile intervals and five U.S. propane terminals. Underground storage, owned by third parties and KMP, is available at Fort Saskatchewan and Windsor. Kinder Morgan Energy Partners, L.P. (NYSE: KMP) is a leading pipeline transportation and energy storage company in North America. KMP owns an interest in or operates more than 26,000 miles of pipelines and 170 terminals. Its pipelines transport natural gas, gasoline, crude oil, CO bulk materials like coal and petroleum coke. KMP is also the leading provider of CO enhanced oil recovery projects in North America. One of the largest publicly traded pipeline limited partnerships in America, KMP has an enterprise value of over $20 billion. The general partner of KMP is owned by Knight Inc. (formerly Kinder Morgan, Inc.), a private company. This news release includes forward-looking statements. Although Kinder Morgan believes that its expectations are based on reasonable assumptions, it can give no assurance that such assumptions will materialize. Important factors that could cause actual results to differ materially from those in the forward-looking statements herein are enumerated in Kinder Morgan’s Forms 10-K and 10-Q as filed with the Securities and Exchange Commission.
Those interested in obtaining more detailed information about this open season can visit
the Kinder Morgan web site at
“This proposed expansion gives shippers in the Bakken producing region a significant
and cost-effective alternative to move their crude oil to markets in the upper Midwest and
beyond,” said Tom Bannigan, president of Kinder Morgan’s Products Pipelines group. “In
addition, the Cochin Pipeline provides refineries in the region with a new, reliable supply of high
quality crude oil.”
The proposed expansion capitalizes on Kinder Morgan’s ability to expeditiously modify
the existing excess capacity on the pipeline into light sweet crude oil service.
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