Kinder Morgan Assets Not Significantly Damaged By Hurricane Ike

HOUSTON--(BUSINESS WIRE)--Kinder Morgan Energy Partners, L.P. (NYSE:KMP), one of the largest pipeline and terminal operators in the United States, today announced that its primary assets experienced only relatively minor damage during Hurricane Ike.

Plantation Pipe Line Company, which transports refined petroleum products to the southeastern United States and is 51 percent owned and operated by KMP, remained fully operational during Hurricane Ike and continues to move product at reduced volumes due to limited refinery supply in Louisiana as a result of Hurricane Gustav. Hurricane Ike limited supply flexibility further. Plantation is currently delivering about 60 percent of its typical volumes, although 100 percent capacity is available. Several of KMP's Southeast Terminals in North Carolina, South Carolina, Mississippi, Georgia, Tennessee and Virginia are experiencing tight gasoline supplies as a result of reduced refinery supplies. Diesel and jet fuel inventory levels generally have not been impacted. Plantation does not own refineries or refined products.

KMP's large liquids terminal complex on the Houston Ship Channel, which stores approximately 25 million barrels of petroleum products and throughputs over 1.1 million barrels per day, experienced no significant damage. The facility expects to be ready to resume outbound deliveries on major pipelines Monday. The company's truck rack in Pasadena, Texas, which distributes approximately 2 million barrels of gasoline, diesel and ethanol per month, reopened Saturday afternoon.

KMP's Texas intrastate pipeline system and Natural Gas Pipeline Company of America (operated by Knight Inc., which owns the general partner of KMP) continued to operate throughout the storm and are currently transporting reduced volumes. Customers should access the company's electronic natural gas bulletin board for specific information on capacity levels and instances of force majeure.

While the company continues to assess the damage from Hurricane Ike, it does not expect the storm will have a material adverse impact on KMP's financial results.

Kinder Morgan Energy Partners, L.P. is a leading pipeline transportation and energy storage company in North America. KMP owns an interest in or operates more than 25,000 miles of pipelines and 165 terminals. Its pipelines transport natural gas, gasoline, crude oil, CO2 and other products, and its terminals store petroleum products and chemicals and handle bulk materials like coal and petroleum coke. KMP is also the leading provider of CO2 for enhanced oil recovery projects in North America.

This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. 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.

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