Kinder Morgan
1001 Louisiana St,, Suite 1000, Houston, Texas, United States

Kinder Morgan is the largest energy infrastructure company in America. We own an interest in or operate approximately 84,000 miles of pipelines and approximately 180 terminals. Our pipelines transport natural gas, refined petroleum products, crude oil, carbon dioxide (CO2) and more. We also store or handle a variety of products and materials at our terminals such as gasoline, jet fuel, ethanol, coal, petroleum coke and steel.

We are a market leader in each of our businesses – Natural Gas Pipelines, Products Pipelines, CO2, Terminals and Kinder Morgan Canada. We have an unparalleled, large footprint of diversified and strategically located assets that are core to North American energy infrastructure and help deliver needed energy products to high-demand markets. For example, Kinder Morgan is the:

• Largest natural gas network with 69,000 miles of pipelines. We are connected to every important U.S. natural gas resource play, including the Eagle Ford, Marcellus, Utica, Uinta, Haynesville, Fayetteville and Barnett. We move about one-third of the natural gas consumed in America.
• Largest independent transporter of petroleum products, transporting about 2.1 million barrels of product per day. We move gasoline, jet fuel, diesel, crude, natural gas liquids and more.
• Largest transporter of carbon dioxide (CO2), transporting about 1.2 billion cubic feet per day. Most of the CO2 is used in enhanced oil recovery projects in the Permian Basin of West Texas.
• Largest independent terminal operator. Our liquids terminals store refined petroleum products, chemicals, ethanol and more, and have a capacity of 152 million barrels. Our dry bulk terminals store and handle such materials as coal, petroleum coke and steel, and we handle over 65 million tons per year. We also have a strong Jones Act shipping position with eight vessels in service and eight more to be delivered through 2017.
• Only oilsands pipeline serving the West Coast. We currently transport 300,000 barrels per day to Vancouver/Washington State and our proposed expansion will increase that capacity to 890,000 barrels per day.

Our customers include major oil companies, energy producers and shippers, local distribution companies and businesses across many industries. In most of our businesses we operate like a giant toll road and receive a fee for our services, generally avoiding commodity price risk. In our CO2 business, where exposure to commodity prices does exist, we employ a hedging strategy to partially mitigate that risk. For 2016, approximately 91 percent of our cash flows are fee-based and 97 percent of our cash flows are fee-based or hedged.

The revolutionary shale plays across the United States are creating a tremendous need for more energy infrastructure, which bodes well for us. We invest billions of dollars each year to grow the company by building new and expanding existing assets to help ensure that a variety of energy products get delivered into the marketplace.

Kinder Morgan strives for financial and operational excellence, and we are committed to being a good corporate citizen and conducting ourselves in an ethical and responsible manner. In addition to delivering value to our shareholders and meeting our customers' needs, we spend hundreds of millions of dollars each year on integrity management and maintenance programs to operate our assets safely and to protect the public, our employees, contractors and the environment.

We pride ourselves on being a different kind of energy company. What makes us different? It starts at the top with Executive Chairman Rich Kinder, who earns a salary of $1 per year and does not receive a bonus, stock options or restricted stock grants. President and CEO Steve Kean also receives an annual salary of $1. We work hard to align managements’ and shareholders’ incentives by,eliminating unnecessary expenses such as corporate aircraft, sponsorships, sports tickets and executive perks. In addition, we tie financial incentives for our employees directly to the performance of the company and their own personal performances.

Kinder Morgan has been conducting its business transparently long before it became a corporate buzz word. We are one of the only S&P 500 companies that publishes its annual budget on its website, which enables investors and others to follow our progress throughout the year. We also post our operational performance on our website and continue to perform better than our industry peers relative to environmental, health and safety measures.

We do not have a Political Action Committee. Any political contributions made by executives or employees are made individually as private citizens with their own personal money.

Kinder Morgan has nearly 12,000 employees and is the largest energy infrastructure company in America.

Company History

Kinder Morgan Energy Partners (KMP) was founded in February of 1997 when a group of investors led by Executive Chairman Richard D. Kinder and former Vice Chairman William V. Morgan acquired the general partner of a small, publicly traded pipeline limited partnership (Enron Liquids Pipeline).

Based in Houston, KMP began with a few assets, 175 employees and an enterprise value of approximately $325 million. Mr. Kinder and Mr. Morgan had a vision to build a different type of energy company by utilizing the master limited partnership (MLP) financial structure as a growth vehicle, something that had never been done before. The vision was highly successful and KMP became the largest publicly traded pipeline limited partnership in America based on enterprise value. In the early years KMP grew mostly through acquisitions, purchasing such assets as refined petroleum pipelines, CO2 production fields and transportation pipelines, intrastate natural gas pipelines and bulk and liquids terminals. As time went on, the majority of KMP's growth came through expansions and new build projects.

In 1999, Mr. Kinder and his management team took over the reins of KN Energy, an integrated natural gas pipeline company based in Lakewood, Colorado. KN's roots dated back to 1936 when, as a local distribution company, it provided natural gas service to small communities and rural areas in Kansas and Nebraska. One of the main assets that came from this deal was Natural Gas Pipeline Company of America (NGPL), which serves the high-demand Chicago market. KN Energy became Kinder Morgan, Inc. (NYSE: KMI), Kinder Morgan's second publicly traded company. Today KMI owns 50 percent of and operates NGPL.

A third publicly traded Kinder Morgan company was formed in 2001 - Kinder Morgan Management, LLC (NYSE: KMR) - to facilitate institutional ownership of KMP equity. KMR was a limited liability company and its only significant assets were the partnership units it owned in KMP.

In August 2005, KMI purchased Terasen Inc. in Canada for approximately $5.6 billion. This transaction dramatically broadened the company’s footprint in Canada and gave it access to the oilsands via the Trans Mountain Pipeline.

In 2006, Mr. Kinder spearheaded a management led buyout to take KMI private. That transaction closed in May 2007. On Feb. 11, 2011, KMI once again began trading on the New York Stock Exchange following the largest private equity-backed U.S. initial public offering in history. The IPO issued nearly 110 million shares and raised approximately $3.3 billion.

In May 2012 KMI completed an approximately $38 billion acquisition of El Paso Corporation. The transaction made Kinder Morgan the largest midstream and one of the largest energy companies in North America, as well as the largest natural gas network operator in North America. As part of the transaction, Kinder Morgan added a fourth publicly traded entity to its family of companies – El Paso Pipeline Partners, L.P. (NYSE: EPB).

In May 2013 KMP completed an approximately $5 billion acquisition of Copano Energy, which enabled the company to significantly expand its midstream services footprint and offer a wider array of services to its customers.

In August 2014, KMI announced that it would acquire all of the publicly held shares/units of KMP, KMR and EPB in an approximately $76 billion transaction. The transaction closed Nov. 26, 2014. Kinder Morgan is now one publicly traded company with a ticker on the New York Stock Exchange of KMI.