Table of Contents

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| Kansas                                                        |    | 48-0290000                          |
|---------------------------------------------------------------|--------------|-------------------------------------|
| (State or other jurisdiction ofincorporation or organization) |    | (I.R.S. EmployerIdentification No.) |

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KINDER MORGAN, INC. AND SUBSIDIARIES

|     |                                                                                                   | PageNumber |
|----------|--------------------------------------------------------------------------------------------------------|------------|
|     | PART I.  FINANCIAL INFORMATION                                                               |       |
|     |                                                                                                   |       |
| Item 1.  | Financial Statements (Unaudited)                                                                       | 3          |
|     | Consolidated Statements of Income – Three and Nine months ended September 30, 2010 and 2009 | 3          |
|     | Consolidated Balance Sheets – September 30, 2010 and December 31, 2009                           | 4          |
|     | Consolidated Statements of Cash Flows – Nine months ended September 30, 2010 and 2009            | 5          |
|     | Notes to Consolidated Financial Statements                                                             | 6          |
|     |                                                                                                   |       |
| Item 2.  | Management’s Discussion and Analysis of Financial Condition and Results of Operations            | 44         |
|     | General and Basis of Presentation                                                                      | 44         |
|     | Critical Accounting Policies and Estimates                                                             | 45         |
|     | Results of Operations                                                                                  | 46         |
|     | Financial Condition                                                                                    | 63         |
|     | Recent Accounting Pronouncements                                                                       | 67         |
|     | Information Regarding Forward-Looking Statements                                                       | 67         |
|     |                                                                                                   |       |
| Item 3.  | Quantitative and Qualitative Disclosures About Market Risk                                             | 69         |
|     |                                                                                                   |       |
| Item 4.  | Controls and Procedures                                                                                | 69         |
|     |                                                                                                   |       |
|     |                                                                                                   |       |
|     |                                                                                                   |       |
|     | PART II.  OTHER INFORMATION                                                                  |       |
|     |                                                                                                   |       |
| Item 1.  | Legal Proceedings                                                                                      | 70         |
|     |                                                                                                   |       |
| Item 1A. | Risk Factors                                                                                           | 70         |
|     |                                                                                                   |       |
| Item 2.  | Unregistered Sales of Equity Securities and Use of Proceeds                                            | 71         |
|     |                                                                                                   |       |
| Item 3.  | Defaults Upon Senior Securities                                                                        | 71         |
|     |                                                                                                   |       |
| Item 4.  | (Removed and Reserved)                                                                                 | 71         |
|     |                                                                                                   |       |
| Item 5.  | Other Information                                                                                      | 71         |
|     |                                                                                                   |       |
| Item 6.  | Exhibits                                                                                               | 72         |
|     |                                                                                                   |       |
|     | Signature                                                                                              | 73         |

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|                                                                                      |   | Three Months EndedSeptember 30, |    |   | Nine Months EndedSeptember 30, |   |
|-------------------------------------------------------------------------------------------|--------|---------------------------------|---------|--------|--------------------------------|--------|
|                                                                                      |   | 2010                            |    |   | 2009                           |   |   | 2010 |   |   | 2009 |   |
| Revenues                                                                                  |   |                            |    |   |                           |   |   |   |   |   |   |   |
| Natural gas sales                                                                         |   | $                               | 965.7   |   |                           | $      | 686.2 |   |   | $ | 2,831.3 |   |   | $ | 2,291.8 |   |
| Services                                                                                  |   |                            | 758.7   |   |                           |   | 690.2 |   |   |   | 2,248.9 |   |   |   | 2,003.7 |   |
| Product sales and other                                                                   |   |                            | 363.8   |   |                           |   | 335.9 |   |   |   | 1,156.5 |   |   |   | 939.0 |   |
| Total Revenues                                                                            |   |                            | 2,088.2 |   |                           |   | 1,712.3 |   |   |   | 6,236.7 |   |   |   | 5,234.5 |   |
|                                                                                 |   |                            |    |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Operating Costs, Expenses and Other                                                       |   |                            |    |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Gas purchases and other costs of sales                                                    |   |                            | 964.7   |   |                           |   | 665.2 |   |   |   | 2,829.2 |   |   |   | 2,240.3 |   |
| Operations and maintenance                                                                |   |                            | 330.2   |   |                           |   | 286.0 |   |   |   | 1,103.9 |   |   |   | 815.4 |   |
| Depreciation, depletion and amortization                                                  |   |                            | 261.7   |   |                           |   | 255.5 |   |   |   | 813.7 |   |   |   | 777.1 |   |
| General and administrative                                                                |   |                            | 308.2   |   |                           |   | 92.2 |   |   |   | 528.7 |   |   |   | 269.2 |   |
| Taxes, other than income taxes                                                            |   |                            | 41.9    |   |                           |   | 36.4 |   |   |   | 128.1 |   |   |   | 98.8 |   |
| Other expense (income)                                                                    |   |                            | 0.4     |   |                           |   | (14.2 | ) |   |   | 2.2 |   |   |   | (14.1 | ) |
| Total Operating Costs, Expenses and Other                                                 |   |                            | 1,907.1 |   |                           |   | 1,321.1 |   |   |   | 5,405.8 |   |   |   | 4,186.7 |   |
|                                                                                 |   |                            |    |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Operating Income                                                                          |   |                            | 181.1   |   |                           |   | 391.2 |   |   |   | 830.9 |   |   |   | 1,047.8 |   |
|                                                                                 |   |                            |    |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Other Income (Expense)                                                                    |   |                            |    |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Earnings (loss) from equity investments                                                   |   |                            | 57.2    |   |                           |   | 66.4 |   |   |   | (256.1 | ) |   |   | 164.2 |   |
| Amortization of excess cost of equity investments                                         |   |                            | (1.4    | )      |                           |   | (1.4 | ) |   |   | (4.3 | ) |   |   | (4.3 | ) |
| Interest, net                                                                        |   |                            | (168.9  | )      |                           |   | (140.1 | ) |   |   | (475.9 | ) |   |   | (421.4 | ) |
| Other, net                                                                                |   |                            | 5.4     |   |                           |   | 13.0 |   |   |   | 9.7 |   |   |   | 43.9 |   |
| Total Other Income (Expense)                                                              |   |                            | (107.7  | )      |                           |   | (62.1 | ) |   |   | (726.6 | ) |   |   | (217.6 | ) |
|                                                                                 |   |                            |    |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Income from Continuing Operations Before Income Taxes                                |   |                            | 73.4    |   |                           |   | 329.1 |   |   |   | 104.3 |   |   |   | 830.2 |   |
|                                                                                      |   |                            |    |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Income Tax Benefit (Expense)                                                              |   |                            | (20.6   | )      |                           |   | (99.6 | ) |   |   | 29.1 |   |   |   | (247.2 | ) |
|                                                                                      |   |                            |    |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Income from Continuing Operations                                                         |   |                            | 52.8    |   |                           |   | 229.5 |   |   |   | 133.4 |   |   |   | 583.0 |   |
|                                                                                      |   |                            |    |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Income (Loss) from Discontinued Operations, Net of Tax |   |                            | (0.2    | )      |                           |   | (0.1 | ) |   |   | (0.4 | ) |   |   | 0.4 |   |
|                                                                                      |   |                            |    |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Net Income                                                                                |   |                            | 52.6    |   |                           |   | 229.4 |   |   |   | 133.0 |   |   |   | 583.4 |   |
|                                                                                      |   |                            |    |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Net Income Attributable to Noncontrolling Interests                                       |   |                            | (42.0   | )      |                           |   | (106.6 | ) |   |   | (237.3 | ) |   |   | (215.5 | ) |
|                                                                                 |   |                            |    |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Net Income (Loss) Attributable to Kinder Morgan, Inc.                                     |   | $                               | 10.6    |   |                           | $      | 122.8 |   |   | $ | (104.3 | ) |   | $ | 367.9 |   |

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|                                                                                                                                                           |   | September 30,2010 |     |   | December 31,2009 |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|----------|--------|------------------|--------|
|                                                                                                                                                           |   | (Unaudited)       |     |   |             |   |
| ASSETS                                                                                                                                                         |   |              |     |   |             |   |
| Current assets                                                                                                                                                 |   |              |     |   |             |   |
| Cash and cash equivalents                                                                                                                                      |   | $                 | 196.6    |   |             | $      | 165.6 |   |
| Restricted deposits                                                                                                                                            |   |              | 39.8     |   |             |   | 52.5 |   |
| Accounts, notes and interest receivable, net                                                                                                                   |   |              | 784.8    |   |             |   | 921.6 |   |
| Inventories                                                                                                                                                    |   |              | 84.0     |   |             |   | 71.9 |   |
| Gas in underground storage                                                                                                                                     |   |              | 46.2     |   |             |   | 43.5 |   |
| Fair value of derivative contracts                                                                                                                             |   |              | 50.0     |   |             |   | 20.8 |   |
| Other current assets                                                                                                                                           |   |              | 65.8     |   |             |   | 109.7 |   |
| Total current assets                                                                                                                                           |   |              | 1,267.2  |   |             |   | 1,385.6 |   |
|                                                                                                                                                           |   |              |     |   |             |   |   |   |
| Property, plant and equipment, net                                                                                                                             |   |              | 16,947.9 |   |             |   | 16,803.5 |   |
| Investments                                                                                                                                                    |   |              | 4,223.8  |   |             |   | 3,695.6 |   |
| Notes receivable                                                                                                                                               |   |              | 192.1    |   |             |   | 190.6 |   |
| Goodwill                                                                                                                                                       |   |              | 4,821.2  |   |             |   | 4,744.3 |   |
| Other intangibles, net                                                                                                                                         |   |              | 347.1    |   |             |   | 259.8 |   |
| Fair value of derivative contracts                                                                                                                             |   |              | 780.8    |   |             |   | 293.3 |   |
| Deferred charges and other assets                                                                                                                              |   |              | 174.0    |   |             |   | 213.6 |   |
| Total Assets                                                                                                                                                   |   | $                 | 28,754.1 |   |             | $      | 27,586.3 |   |
|                                                                                                                                                           |   |              |     |   |             |   |   |   |
| LIABILITIES AND STOCKHOLDERS’ EQUITY                                                                                                                     |   |              |     |   |             |   |   |   |
| Current liabilities                                                                                                                                            |   |              |     |   |             |   |   |   |
| Current portion of debt                                                                                                                                        |   | $                 | 2,454.0  |   |             | $      | 768.7 |   |
| Cash book overdrafts                                                                                                                                           |   |              | 31.4     |   |             |   | 36.6 |   |
| Accounts payable                                                                                                                                               |   |              | 599.9    |   |             |   | 620.8 |   |
| Accrued interest                                                                                                                                               |   |              | 126.4    |   |             |   | 292.1 |   |
| Accrued taxes                                                                                                                                                  |   |              | 92.8     |   |             |   | 58.6 |   |
| Deferred revenues                                                                                                                                              |   |              | 86.5     |   |             |   | 76.1 |   |
| Fair value of derivative contracts                                                                                                                             |   |              | 213.1    |   |             |   | 272.0 |   |
| Accrued other current liabilities                                                                                                                              |   |              | 409.1    |   |             |   | 194.6 |   |
| Total current liabilities                                                                                                                                      |   |              | 4,013.2  |   |             |   | 2,319.5 |   |
|                                                                                                                                                           |   |              |     |   |             |   |   |   |
| Long-term liabilities and deferred credits                                                                                                                     |   |              |     |   |             |   |   |   |
| Long-term debt                                                                                                                                                 |   |              |     |   |             |   |   |   |
| Outstanding                                                                                                                                                    |   |              | 12,306.2 |   |             |   | 12,779.7 |   |
| Preferred interest in general partner of Kinder Morgan Energy Partners, L.P.                                                                                   |   |              | 100.0    |   |             |   | 100.0 |   |
| Value of interest rate swaps                                                                                                                                   |   |              | 1,029.3  |   |             |   | 361.0 |   |
| Total long-term debt                                                                                                                                           |   |              | 13,435.5 |   |             |   | 13,240.7 |   |
| Deferred income taxes                                                                                                                                          |   |              | 1,867.9  |   |             |   | 2,039.9 |   |
| Fair value of derivative contracts                                                                                                                             |   |              | 125.1    |   |             |   | 469.6 |   |
| Other long-term liabilities and deferred credits                                                                                                               |   |              | 582.1    |   |             |   | 670.5 |   |
| Total long-term liabilities and deferred credits                                                                                                               |   |              | 16,010.6 |   |             |   | 16,420.7 |   |
|                                                                                                                                                           |   |              |     |   |             |   |   |   |
| Total Liabilities                                                                                                                                              |   |              | 20,023.8 |   |             |   | 18,740.2 |   |
|                                                                                                                                                           |   |              |     |   |             |   |   |   |
| Commitments and contingencies (Notes 4 and 11)                                                                                                                 |   |              |     |   |             |   |   |   |
| Stockholders’ Equity                                                                                                                                     |   |              |     |   |             |   |   |   |
| Common stock – authorized and outstanding – 100 shares, par value $0.01 per share |   |              | -        |   |             |   | - |   |
| Additional paid-in capital                                                                                                                                     |   |              | 7,819.3  |   |             |   | 7,845.7 |   |
| Retained deficit                                                                                                                                               |   |              | (4,110.6 | )      |             |   | (3,506.3 | ) |
| Accumulated other comprehensive loss                                                                                                                           |   |              | (104.5   | )      |             |   | (167.9 | ) |
| Total Kinder Morgan, Inc. stockholder’s equity                                                                                                           |   |              | 3,604.2  |   |             |   | 4,171.5 |   |
| Noncontrolling interests                                                                                                                                       |   |              | 5,126.1  |   |             |   | 4,674.6 |   |
| Total Stockholders’ Equity                                                                                                                               |   |              | 8,730.3  |   |             |   | 8,846.1 |   |
| Total Liabilities and Stockholders’ Equity                                                                                                               |   | $                 | 28,754.1 |   |             | $      | 27,586.3 |   |

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|                                                                                                                                                                     |   | Nine Months Ended September 30, |     |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------|----------|
|                                                                                                                                                                     |   | 2010                                                |     |   | 2009 |   |
| Cash Flows From Operating Activities                                                                                                                                     |   |                                                |     |   |   |   |
| Net Income                                                                                                                                                               |   | $                                                   | 133.0    |   |   | $ | 583.4 |   |
| Adjustments to reconcile net income to net cash provided by operating activities                                                                                         |   |                                                |     |   |   |   |   |   |
| Loss (income) from discontinued operations, net of tax                                                                                                                   |   |                                                | 0.4      |   |   |   | (0.4 | ) |
| Depreciation, depletion and amortization                                                                                                                                 |   |                                                | 813.7    |   |   |   | 777.1 |   |
| Deferred income taxes                                                                                                                                                    |   |                                                | (204.7   | ) |   |   | 51.3 |   |
| Amortization of excess cost of equity investments                                                                                                                        |   |                                                | 4.3      |   |   |   | 4.3 |   |
| Income from the allowance for equity funds used during construction                                                                                                      |   |                                                | (0.7     | ) |   |   | (22.6 | ) |
| Loss (income) from the sale or casualty of property, plant and equipment and other net assets |   |                                                | 2.3      |   |   |   | (14.1 | ) |
| Loss (earnings) from equity investments                                                                                                                                  |   |                                                | 256.1    |   |   |   | (164.2 | ) |
| Distributions from equity investments                                                                                                                                    |   |                                                | 154.9    |   |   |   | 184.5 |   |
| Proceeds from termination of interest rate swap agreements                                                                                                               |   |                                                | -        |   |   |   | 146.0 |   |
| Pension contributions in excess of expense                                                                                                                               |   |                                                | (15.9    | ) |   |   | (11.1 | ) |
| Changes in components of working capital                                                                                                                                 |   |                                                |     |   |   |   |   |   |
| Accounts receivable                                                                                                                                                      |   |                                                | 105.1    |   |   |   | 215.5 |   |
| Inventories                                                                                                                                                              |   |                                                | (12.8    | ) |   |   | (11.8 | ) |
| Other current assets                                                                                                                                                     |   |                                                | 23.1     |   |   |   | (73.4 | ) |
| Accounts payable                                                                                                                                                         |   |                                                | (20.5    | ) |   |   | (342.5 | ) |
| Accrued interest                                                                                                                                                         |   |                                                | (165.6   | ) |   |   | (121.3 | ) |
| Accrued taxes                                                                                                                                                            |   |                                                | 57.7     |   |   |   | (77.8 | ) |
| Accrued liabilities                                                                                                                                                      |   |                                                | (44.8    | ) |   |   | (143.1 | ) |
| Going Private transaction litigation reserve adjustment                                                                                                                  |   |                                                | 200.0    |   |   |   | - |   |
| Rate reparations, refunds and other litigation reserve adjustments                                                                                                       |   |                                                | (48.3    | ) |   |   | (15.5 | ) |
| Other, net                                                                                                                                                               |   |                                                | (18.2    | ) |   |   | (45.6 | ) |
| Cash Flows Provided by Continuing Operations                                                                                                                             |   |                                                | 1,219.1  |   |   |   | 918.7 |   |
| Net Cash Flows (Used in) Provided by Discontinued Operations                                                                                                             |   |                                                | (0.6     | ) |   |   | 0.1 |   |
| Net Cash Provided by Operating Activities                                                                                                                                |   |                                                | 1,218.5  |   |   |   | 918.8 |   |
|                                                                                                                                                                     |   |                                                |     |   |   |   |   |   |
| Cash Flows From Investing Activities                                                                                                                                     |   |                                                |     |   |   |   |   |   |
| Acquisitions of investments                                                                                                                                              |   |                                                | (929.7   | ) |   |   | - |   |
| Acquisitions of assets                                                                                                                                                   |   |                                                | (243.1   | ) |   |   | (27.5 | ) |
| Repayments from customers                                                                                                                                                |   |                                                | -        |   |   |   | 109.6 |   |
| Capital expenditures                                                                                                                                                     |   |                                                | (726.8   | ) |   |   | (1,076.4 | ) |
| Deconsolidation of variable interest entity due to the implementation of ASU 2009-17 (Note 13)          |   |                                                | (17.5    | ) |   |   | - |   |
| Sale or casualty of property, plant and equipment, and other net assets net of removal costs                                                                             |   |                                                | 21.5     |   |   |   | 9.8 |   |
| Net proceeds from (investments in) margin deposits                                                                                                                       |   |                                                | 21.7     |   |   |   | (13.2 | ) |
| Investments in restricted deposits                                                                                                                                       |   |                                                | (2.5     | ) |   |   | (39.9 | ) |
| Contributions to investments                                                                                                                                             |   |                                                | (210.3   | ) |   |   | (1,619.6 | ) |
| Distributions from equity investments in excess of cumulative earnings                                                                                                   |   |                                                | 187.9    |   |   |   | 15.9 |   |
| Net Cash Used in Investing Activities                                                                                                                                    |   |                                                | (1,898.8 | ) |   |   | (2,641.3 | ) |
|                                                                                                                                                                     |   |                                                |     |   |   |   |   |   |
| Cash Flows From Financing Activities                                                                                                                                     |   |                                                |     |   |   |   |   |   |
| Issuance of debt                                                                                                                                                         |   |                                                | 6,698.4  |   |   |   | 6,617.7 |   |
| Payment of debt                                                                                                                                                          |   |                                                | (5,474.0 | ) |   |   | (4,735.0 | ) |
| Repayments from related party                                                                                                                                            |   |                                                | 1.3      |   |   |   | 2.5 |   |
| Debt issue costs                                                                                                                                                         |   |                                                | (24.4    | ) |   |   | (14.8 | ) |
| Decrease in cash book overdrafts                                                                                                                                         |   |                                                | (5.2     | ) |   |   | (10.4 | ) |
| Cash dividends                                                                                                                                                           |   |                                                | (500.0   | ) |   |   | (300.0 | ) |
| Contributions from noncontrolling interests                                                                                                                              |   |                                                | 636.6    |   |   |   | 815.5 |   |
| Distributions to noncontrolling interests                                                                                                                                |   |                                                | (622.4   | ) |   |   | (550.2 | ) |
| Other, net                                                                                                                                                               |   |                                                | -        |   |   |   | (0.3 | ) |
| Net Cash Provided by Financing Activities                                                                                                                                |   |                                                | 710.3    |   |   |   | 1,825.0 |   |
|                                                                                                                                                                     |   |                                                |     |   |   |   |   |   |
| Effect of Exchange Rate Changes on Cash and Cash Equivalents                                                                                                             |   |                                                | 1.0      |   |   |   | 5.0 |   |
|                                                                                                                                                                     |   |                                                |     |   |   |   |   |   |
| Net Increase in Cash and Cash Equivalents                                                                                                                                |   |                                                | 31.0     |   |   |   | 107.5 |   |
| Cash and Cash Equivalents, beginning of period                                                                                                                           |   |                                                | 165.6    |   |   |   | 118.6 |   |
| Cash and Cash Equivalents, end of period                                                                                                                                 |   | $                                                   | 196.6    |   |   | $ | 226.1 |   |
|                                                                                                                                                                     |   |                                                |     |   |   |   |   |   |
| Noncash Investing and Financing Activities                                                                                                                               |   |                                                |     |   |   |   |   |   |
| Assets acquired by the assumption or incurrence of liabilities                                                                                                           |   | $                                                   | 12.5     |   |   | $ | 3.7 |   |
| Assets acquired by contributions from noncontrolling interests                                                                                                           |   | $                                                   | 81.7     |   |   | $ | 5.0 |   |
| Supplemental Disclosures of Cash Flow Information                                                                                                                        |   |                                                |     |   |   |   |   |   |
| Cash paid during the period for interest (net of capitalized interest)                                                                                                   |   | $                                                   | 607.1    |   |   | $ | 555.9 |   |
| Cash paid during the period for income taxes (net of refunds)                                                                                                            |   | $                                                   | 143.2    |   |   | $ | 317.2 |   |

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|                                       |   | ProductsPipelines–KMP |     |   | Natural GasPipelines–KMP |   |     | CO2–KMP |   |   | Terminals–KMP |   |   | KinderMorganCanada–KMP |    |   | Total  |   |
|--------------------------------------------|--------|-----------------------------|----------|--------|-------------------------------------|--------|----------|---------------|--------|--------|---------------------|--------|--------|------------------------------|---------|--------|--------|--------|
| Historical Goodwill                        |   | $                           | 2,116.5  |   |                                | $      | 3,488.0  |          |   | $      | 1,521.7             |   |   | $                            | 1,415.4 |   |   | $      | 613.1 |   |   | $ | 9,154.7 |   |
| Accumulated impairment losses.             |   |                        | (1,266.5 | )      |                                |   | (2,090.2 | )             |   |   | -                   |   |   |                         | (676.6  | )      |   |   | (377.1 | ) |   |   | (4,410.4 | ) |
| Balance as of December 31, 2009            |   |                        | 850.0    |   |                                |   | 1,397.8  |          |   |   | 1,521.7             |   |   |                         | 738.8   |   |   |   | 236.0 |   |   |   | 4,744.3 |   |
| Acquisitions                               |   |                        | -        |   |                                |   | -        |          |   |   | -                   |   |   |                         | 71.9    |   |   |   | - |   |   |   | 71.9 |   |
| Disposals                                  |   |                        | -        |   |                                |   | -        |          |   |   | -                   |   |   |                         | -       |   |   |   | - |   |   |   | - |   |
| Currency translation adjustments |   |                        | -        |   |                                |   | -        |          |   |   | -                   |   |   |                         | -       |   |   |   | 5.0 |   |   |   | 5.0 |   |
| Balance as of September 30, 2010           |   | $                           | 850.0    |   |                                | $      | 1,397.8  |          |   | $      | 1,521.7             |   |   | $                            | 810.7   |   |   | $      | 241.0 |   |   | $ | 4,821.2 |   |

----

|                                                                    |   | September 30,2010 |   |   | December 31,2009 |   |
|-------------------------------------------------------------------------|--------|------------------------|--------|--------|-----------------------|--------|
| Customer relationships, contracts and agreements    |   |                   |   |   |                  |   |
| Gross carrying amount                                                   |   | $                      | 420.0  |   |                  | $      | 297.9 |   |
| Accumulated amortization                                                |   |                   | (87.4  | )      |                  |   | (50.9 | ) |
| Net carrying amount                                                     |   |                   | 332.6  |   |                  |   | 247.0 |   |
|                                                                    |   |                   |   |   |                  |   |   |   |
| Technology-based assets, lease value and other |   |                   |   |   |                  |   |   |   |
| Gross carrying amount                                                   |   |                   | 16.3   |   |                  |   | 14.1 |   |
| Accumulated amortization                                                |   |                   | (1.8   | )      |                  |   | (1.3 | ) |
| Net carrying amount                                                     |   |                   | 14.5   |   |                  |   | 12.8 |   |
|                                                                    |   |                   |   |   |                  |   |   |   |
| Total other intangibles, net                                            |   | $                      | 347.1  |   |                  | $      | 259.8 |   |

----

|                                        | September 30, 2010      |
|---------------------------------------------|-------------------------|
|                                        | Short-termnotes payable |   |   | Weightedaverageinterest rate |
|                                        | (Dollars in millions)   |
| Kinder Morgan, Inc. – Secured debt(a) |                    | $ | 293.3 |   |   |   | 1.51 | % |
| KMP – Unsecured debt(b)               |                    |   |   |   |   |   |   |   |
| Commercial paper                            |                    | $ | 414.8 |   |   |   | 0.66 | % |

| (a) | The average short-term debt outstanding (and related weighted average interest rate) was $250.3 million (1.71%) and $188.5 million (1.77%) during the three and nine months ended September 30, 2010, respectively.   |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b) | The average short-term debt outstanding (and related weighted average interest rate) was $469.8 million (0.86%) and $527.7 million (0.76%) during the three and nine months ended September 30, 2010, respectively.             |

----

----

| Entity                                                                                   |   | KMP’sOwnershipInterest |   | Investment Type |   | TotalEntity Debt |   | KMP’sContingentShare ofEntityDebt(a) |
|------------------------------------------------------------------------------------------|--------|------------------------------|--------|----------------------|--------|------------------|--------|--------------------------------------------|
| Fayetteville Express Pipeline LLC(b)                                                     |   | 50%                          |   | Limited Liability    |   | $                | 847.0  | (c)                                        |   | $ | 423.5 |   |
|                                                                                |   |                         |   |                 |   |             |   |                                       |   |   |   |   |
| Cortez Pipeline Company(d)                                                               |   | 50%                          |   | General Partner      |   | $                | 141.1  | (e)                                        |   | $ | 86.7 | (f) |
|                                                                                     |   |                         |   |                 |   |             |   |                                       |   |   |   |   |
| Midcontinent Express Pipeline LLC(g)                                                     |   | 50%                          |   | Limited Liability    |   | $                | 881.2  | (h)                                        |   | $ | 41.1 | (i) |
|                                                                                |   |                         |   |                 |   |             |   |                                       |   |   |   |   |
| Nassau County, Florida Ocean Highway and Port Authority(j) |   | N/A                          |   | N/A                  |   |             | N/A    |                                       |   | $ | 19.8 | (k) |

| (a) | Represents the portion of the entity’s debt that KMP may be responsible for if the entity cannot satisfy its obligations.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b) | Fayetteville Express Pipeline LLC is a limited liability company and the owner of the Fayetteville Express natural gas pipeline system. The remaining limited liability company member interest in Fayetteville Express Pipeline LLC is owned by Energy Transfer Partners, L.P.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| (c) | Amount represents borrowings under a $1.1 billion, unsecured revolving bank credit facility that is due May 11, 2012.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| (d) | Cortez Pipeline Company is a Texas general partnership that owns and operates a common carrier carbon dioxide pipeline system. The remaining general partner interests are owned by ExxonMobil Cortez Pipeline, Inc., an indirect wholly-owned subsidiary of Exxon Mobil Corporation and Cortez Vickers Pipeline Company, an indirect subsidiary of M.E. Zuckerman Energy Investors Incorporated.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| (e) | Amount consists of (i) $32.1 million of fixed rate Series D notes due May 15, 2013 (interest on the Series D notes is paid annually and based on an average interest rate of 7.14% per annum), (ii) $100 million of variable rate Series E notes due December 11, 2012 (interest on the Series E notes is paid quarterly and based on an interest rate of three-month LIBOR plus a spread) and (iii) $9.0 million of outstanding borrowings under a $40 million committed revolving bank credit facility that is also due December 11, 2012.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| (f) | KMP is severally liable for its percentage ownership share (50%) of the Cortez Pipeline Company debt ($70.6 million). In addition, as of September 30, 2010, Shell Oil Company shares KMP’s several guaranty obligations jointly and severally for $32.1 million of Cortez’s debt balance related to the Series D notes; however, KMP is obligated to indemnify Shell for the liabilities it incurs in connection with such guaranty. Accordingly, as of September 30, 2010, KMP has a letter of credit in the amount of $16.1 million issued by JP Morgan Chase, in order to secure KMP’s indemnification obligations to Shell for 50% of the Cortez debt balance of $32.1 million related to the Series D notes.  Further, pursuant to a Throughput and Deficiency Agreement, the partners of Cortez Pipeline Company are required to contribute capital to Cortez in the event of a cash deficiency. The agreement contractually supports the financings of Cortez Capital Corporation, a wholly-owned subsidiary of Cortez Pipeline Company, by obligating the partners of Cortez Pipeline to fund cash deficiencies at Cortez Pipeline, including anticipated deficiencies and cash deficiencies relating to the repayment of principal and interest on the debt of Cortez Capital Corporation. The partners’ respective parent or other companies further severally guarantee the obligations of the Cortez Pipeline owners under this agreement.   |
| (g) | Midcontinent Express Pipeline LLC is a limited liability company and the owner of the Midcontinent Express natural gas pipeline system. The remaining limited liability company member interests in Midcontinent Express Pipeline LLC are owned by Regency Energy Partners, L.P. and Energy Transfer Partners, L.P.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| (h) | Amount consists of (i) outstanding borrowings of $82.2 million under a $175.4 million, unsecured revolving bank credit facility that is due February 28, 2011 and (ii) an aggregate carrying value of $799.0 million in fixed rate senior notes issued by Midcontinent Express Pipeline LLC in a private offering in September 2009. All payments of principal and interest in respect of these senior notes are the sole obligation of Midcontinent Express. Noteholders have no recourse against KMP or the other member owners of Midcontinent Express Pipeline LLC for any failure by Midcontinent Express to perform or comply with its obligations pursuant to the notes or the indenture.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |

----

| (i) | In addition to KMP’s contingent share of entity debt ($41.1 million), there is a letter of credit outstanding to support the construction of the Midcontinent Express natural gas pipeline system. As of September 30, 2010, this letter of credit, issued by the Bank of Tokyo-Mitsubishi UFJ, Ltd., had a face amount of $33.3 million. KMP’s contingent responsibility with regard to this outstanding letter of credit was $16.7 million (50% of total face amount).                                                                                                                                                                                                                                                                                                          |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (j) | Arose from KMP’s Vopak terminal acquisition in July 2001. Nassau County, Florida Ocean Highway and Port Authority is a political subdivision of the state of Florida.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| (k) | KMP has posted a letter of credit as security for borrowings under Adjustable Demand Revenue Bonds issued by the Nassau County, Florida Ocean Highway and Port Authority.  The bonds were issued for the purpose of constructing certain port improvements located in Fernandino Beach, Nassau County, Florida.  KMP’s subsidiary, Nassau Terminals LLC is the operator of the marine port facilities.  The bond indenture is for 30 years and allows the bonds to remain outstanding until December 1, 2020.  Principal payments on the bonds are made on the first of December each year, and corresponding reductions are made to the letter of credit.  As of September 30, 2010, this letter of credit had a face amount of $19.8 million. |

----

|                                                                                                 |   | Three Months Ended September 30, |    |
|------------------------------------------------------------------------------------------------------|--------|----------------------------------|---------|
|                                                                                                 |   | 2010                             |    |   | 2009 |   |
|                                                                                                 |   | KinderMorgan, Inc.          |    |   | Noncontrollinginterests |   |   | Total |   |   | KinderMorgan, Inc. |   |   | Noncontrollinginterests |   |   | Total |   |
| Beginning Balance                                                                                    |   | $                                | 3,812.4 |   |   | $ | 5,014.7 |   |   | $ | 8,827.1 |   |   | $ | 4,398.0 |   |   | $ | 4,375.7 |   |   | $ | 8,773.7 |   |
| Impact from equity transactions of KMP                                      |   |                             | (45.2   | ) |   |   | 70.7 |   |   |   | 25.5 |   |   |   | 3.5 |   |   |   | (5.6 | ) |   |   | (2.1 | ) |
| A-1 and B unit amortization                                                                          |   |                             | 1.3     |   |   |   | - |   |   |   | 1.3 |   |   |   | 1.9 |   |   |   | - |   |   |   | 1.9 |   |
| Distributions to noncontrolling interests                                                            |   |                             | -       |   |   |   | (217.2 | ) |   |   | (217.2 | ) |   |   | - |   |   |   | (191.4 | ) |   |   | (191.4 | ) |
| Contributions from noncontrolling interests                                           |   |                             | -       |   |   |   | 203.4 |   |   |   | 203.4 |   |   |   | - |   |   |   | 146.0 |   |   |   | 146.0 |   |
| Cash dividends                                                                                       |   |                             | (175.0  | ) |   |   | - |   |   |   | (175.0 | ) |   |   | (150.0 | ) |   |   | - |   |   |   | (150.0 | ) |
| Comprehensive income                                                                                 |   |                             |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income                                                                                           |   |                             | 10.6    |   |   |   | 42.0 |   |   |   | 52.6 |   |   |   | 122.8 |   |   |   | 106.6 |   |   |   | 229.4 |   |
| Other comprehensive income (loss), net of tax                                              |   |                             |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Change in fair value of derivatives utilized for hedging purposes                                    |   |                             | (25.1   | ) |   |   | (38.0 | ) |   |   | (63.1 | ) |   |   | 19.1 |   |   |   | 25.6 |   |   |   | 44.7 |   |
| Reclassification of change in fair value of derivatives to net income       |   |                             | 5.0     |   |   |   | 21.8 |   |   |   | 26.8 |   |   |   | (7.1 | ) |   |   | 8.2 |   |   |   | 1.1 |   |
| Foreign currency translation adjustments                                                             |   |                             | 20.1    |   |   |   | 28.6 |   |   |   | 48.7 |   |   |   | 31.1 |   |   |   | 56.9 |   |   |   | 88.0 |   |
| Adjustments to pension and other postretirement benefit plan liabilities              |   |                             | 0.1     |   |   |   | 0.1 |   |   |   | 0.2 |   |   |   | 0.1 |   |   |   | 0.2 |   |   |   | 0.3 |   |
| Total other comprehensive income                                                                     |   |                             | 0.1     |   |   |   | 12.5 |   |   |   | 12.6 |   |   |   | 43.2 |   |   |   | 90.9 |   |   |   | 134.1 |   |
| Total comprehensive income (loss)                                                                    |   |                             | 10.7    |   |   |   | 54.5 |   |   |   | 65.2 |   |   |   | 166.0 |   |   |   | 197.5 |   |   |   | 363.5 |   |
| Ending Balance                                                                                       |   | $                                | 3,604.2 |   |   | $ | 5,126.1 |   |   | $ | 8,730.3 |   |   | $ | 4,419.4 |   |   | $ | 4,522.2 |   |   | $ | 8,941.6 |   |
|                                                                                                 |   |                             |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tax (Expense) Benefit Included in Other Comprehensive Income:          |   |                             |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Change in fair value of derivatives utilized for hedging purposes |   | $                                | 18.9    |   |   | $ | 4.1 |   |   | $ | 23.0 |   |   | $ | (8.4 | ) |   | $ | (3.9 | ) |   | $ | (12.3 | ) |
| Reclassification of change in fair value of derivatives to net income                                |   |                             | (4.4    | ) |   |   | (2.4 | ) |   |   | (6.8 | ) |   |   | 7.2 |   |   |   | (0.8 | ) |   |   | 6.4 |   |
| Foreign currency translation adjustments                                                             |   |                             | (15.2   | ) |   |   | (3.1 | ) |   |   | (18.3 | ) |   |   | (26.1 | ) |   |   | (5.6 | ) |   |   | (31.7 | ) |
| Adjustments to pension and other postretirement benefit plan liabilities                   |   |                             | (0.1    | ) |   |   | - |   |   |   | (0.1 | ) |   |   | (0.1 | ) |   |   | - |   |   |   | (0.1 | ) |
| Tax included in total other comprehensive income                            |   | $                                | (0.8    | ) |   | $ | (1.4 | ) |   | $ | (2.2 | ) |   | $ | (27.4 | ) |   | $ | (10.3 | ) |   | $ | (37.7 | ) |

----

|                                                                                                 |   | Nine Months Ended September 30, |    |
|------------------------------------------------------------------------------------------------------|--------|---------------------------------|---------|
|                                                                                                 |   | 2010                            |    |   | 2009 |   |
|                                                                                                 |   | KinderMorgan, Inc.         |    |   | Noncontrollinginterests |   |   | Total |   |   | KinderMorgan, Inc. |   |   | Noncontrollinginterests |   |   | Total |   |
| Beginning Balance                                                                                    |   | $                               | 4,171.5 |   |   | $ | 4,674.6 |   |   | $ | 8,846.1 |   |   | $ | 4,404.3 |   |   | $ | 4,072.6 |   |   | $ | 8,476.9 |   |
| Impact from equity transactions of KMP                                      |   |                            | (31.2   | ) |   |   | 48.7 |   |   |   | 17.5 |   |   |   | 19.3 |   |   |   | (30.2 | ) |   |   | (10.9 | ) |
| A-1 and B unit amortization                                                                          |   |                            | 4.8     |   |   |   | - |   |   |   | 4.8 |   |   |   | 5.7 |   |   |   | - |   |   |   | 5.7 |   |
| Distributions to noncontrolling interests                                                            |   |                            | -       |   |   |   | (622.4 | ) |   |   | (622.4 | ) |   |   | - |   |   |   | (550.8 | ) |   |   | (550.8 | ) |
| Contributions from noncontrolling interests                                           |   |                            | -       |   |   |   | 718.3 |   |   |   | 718.3 |   |   |   | - |   |   |   | 820.2 |   |   |   | 820.2 |   |
| Implementation of Accounting Standards Update 2009-17(a)                              |   |                            | -       |   |   |   | (45.9 | ) |   |   | (45.9 | ) |   |   | - |   |   |   | - |   |   |   | - |   |
| Cash dividends                                                                                       |   |                            | (500.0  | ) |   |   | - |   |   |   | (500.0 | ) |   |   | (300.0 | ) |   |   | - |   |   |   | (300.0 | ) |
| Other                                                                                                |   |                            | -       |   |   |   | 0.2 |   |   |   | 0.2 |   |   |   | - |   |   |   | 2.6 |   |   |   | 2.6 |   |
| Comprehensive income                                                                                 |   |                            |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income (loss)                                                                                    |   |                            | (104.3  | ) |   |   | 237.3 |   |   |   | 133.0 |   |   |   | 367.9 |   |   |   | 215.5 |   |   |   | 583.4 |   |
| Other comprehensive income (loss), net of tax                                              |   |                            |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Change in fair value of derivatives utilized for hedging purposes                                    |   |                            | 33.5    |   |   |   | 38.4 |   |   |   | 71.9 |   |   |   | (76.3 | ) |   |   | (110.7 | ) |   |   | (187.0 | ) |
| Reclassification of change in fair value of derivatives to net income       |   |                            | 13.0    |   |   |   | 61.4 |   |   |   | 74.4 |   |   |   | (42.0 | ) |   |   | 14.2 |   |   |   | (27.8 | ) |
| Foreign currency translation adjustments                                                             |   |                            | 17.6    |   |   |   | 16.5 |   |   |   | 34.1 |   |   |   | 41.3 |   |   |   | 89.9 |   |   |   | 131.2 |   |
| Adjustments to pension and other postretirement benefit plan liabilities              |   |                            | (0.7    | ) |   |   | (1.0 | ) |   |   | (1.7 | ) |   |   | (0.8 | ) |   |   | (1.1 | ) |   |   | (1.9 | ) |
| Total other comprehensive income (loss)                                                              |   |                            | 63.4    |   |   |   | 115.3 |   |   |   | 178.7 |   |   |   | (77.8 | ) |   |   | (7.7 | ) |   |   | (85.5 | ) |
| Total comprehensive income (loss)                                                                    |   |                            | (40.9   | ) |   |   | 352.6 |   |   |   | 311.7 |   |   |   | 290.1 |   |   |   | 207.8 |   |   |   | 497.9 |   |
| Ending Balance                                                                                       |   | $                               | 3,604.2 |   |   | $ | 5,126.1 |   |   | $ | 8,730.3 |   |   | $ | 4,419.4 |   |   | $ | 4,522.2 |   |   | $ | 8,941.6 |   |
|                                                                                                 |   |                            |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tax (Expense) Benefit Included in Other Comprehensive Income (Loss):                       |   |                            |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Change in fair value of derivatives utilized for hedging purposes |   | $                               | (25.4   | ) |   | $ | (4.2 | ) |   | $ | (29.6 | ) |   | $ | 47.2 |   |   | $ | 11.5 |   |   | $ | 58.7 |   |
| Reclassification of change in fair value of derivatives to net income                                |   |                            | (10.9   | ) |   |   | (6.7 | ) |   |   | (17.6 | ) |   |   | 26.2 |   |   |   | (1.5 | ) |   |   | 24.7 |   |
| Foreign currency translation adjustments                                                             |   |                            | (12.2   | ) |   |   | (1.8 | ) |   |   | (14.0 | ) |   |   | (40.4 | ) |   |   | (9.3 | ) |   |   | (49.7 | ) |
| Adjustments to pension and other postretirement benefit plan liabilities                   |   |                            | 0.5     |   |   |   | 0.1 |   |   |   | 0.6 |   |   |   | 0.5 |   |   |   | 0.1 |   |   |   | 0.6 |   |
| Tax included in total other comprehensive income (loss)                     |   | $                               | (48.0   | ) |   | $ | (12.6 | ) |   | $ | (60.6 | ) |   | $ | 33.5 |   |   | $ | 0.8 |   |   | $ | 34.3 |   |

| (a) | Upon the adoption of Accounting Standards Update No. 2009-17, which amended the codification’s “Consolidation” topic, on January 1, 2010, Triton Power Company LLC is no longer consolidated into our financial statements, but is treated as an equity investment (see Note 13). On October 22, 2010, we sold Triton Power (see Note 2). |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                        |   | September 30,2010 |    |   | December 31,2009 |   |
|-----------------------------|--------|-------------------|---------|--------|------------------|--------|
| KMP                         |   | $                 | 3,176.7 |   |             | $      | 2,746.4 |   |
| KMR                         |   |              | 1,939.9 |   |             |   | 1,870.7 |   |
| Triton Power Company LLC(a) |   |              | -       |   |             |   | 45.9 |   |
| Other                       |   |              | 9.5     |   |             |   | 11.6 |   |
|                        |   | $                 | 5,126.1 |   |             | $      | 4,674.6 |   |

| (a) | Upon the adoption of Accounting Standards Update No. 2009-17, which amended the codification’s “Consolidation” topic, on January 1, 2010, Triton Power Company LLC is no longer consolidated into our financial statements, but is treated as an equity investment (see Note 13). On October 22, 2010, we sold Triton Power (see Note 2). |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

|              | Share Distributions                   |
|-------------------|---------------------------------------|
|              | SharesDistributed PerOutstandingShare |   | EquivalentDistributionValuePer Share(a) |   | Total Number ofAdditionalSharesDistributed |
|              | 2010                                  |   | 2010 |   | 2010 |
| Distribution Date |                                  |   |   |   |   |   |
| February 12, 2010 | 0.018430                              |   | $ | 1.05 |   | 1,576,470 |
| May 14, 2010      | 0.017863                              |   | $ | 1.07 |   | 1,556,130 |
| August 13, 2010   | 0.018336                              |   | $ | 1.09 |   | 1,625,869 |

| (a)  | The cash distribution paid to each common unit of KMP during the quarter indicated and is used to calculate KMR’s distribution of shares as discussed above. Because of this calculation, the market value of the shares distributed on the date of distribution may be less or more than the cash distribution per common unit of KMP. |
|-----------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ▪ | $1.11, the cash amount distributed per KMP common unit |
|--------|---------|--------------------------------------------------------|

|   | ▪ | $62.207, the average of KMR’s shares’ closing market prices from October 13-26, 2010, the ten consecutive trading days preceding the date on which KMR’s shares began to trade ex-dividend under the rules of the New York Stock Exchange. |
|--------|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                            | Net open positionlong/(short)        |
|-------------------------------------------------|--------------------------------------|
| Derivatives designated as hedging contracts     |                                 |
| Crude oil                                       | (22.0) million barrels               |
| Natural gas fixed price                         | (32.7) billion cubic feet            |
| Natural gas basis                               | (22.3) billion cubic feet            |
| Derivatives not designated as hedging contracts |                                 |
| Natural gas basis                               |   (0.2) billion cubic feet |

----

|                                                                     |                  |   | Asset derivatives      |   |   | Liability derivatives |   |
|--------------------------------------------------------------------------|-----------------------|--------|------------------------|--------|--------|-----------------------|--------|
|                                                                     |                  |   | September 30,2010 |   |   | December 31,2009 |   |   | September 30,2010 |   |   | December 31,2009 |   |
|                                                                     | Balance sheetlocation |   | Fair value             |   |   | Fair value            |   |
| Derivatives designated as hedging contracts          |                  |   |                   |   |   |                  |   |   |   |   |   |   |   |
| Energy commodity derivative contracts                                    | Current               |   | $                      | 41.2   |   |                  | $      | 19.1 |   |   | $ | (202.5 | ) |   | $ | (270.8 | ) |
|                                                                     | Non-current           |   |                   | 60.9   |   |                  |   | 57.3 |   |   |   | (108.2 | ) |   |   | (241.5 | ) |
| Subtotal                                                                 |                  |   |                   | 102.1  |   |                  |   | 76.4 |   |   |   | (310.7 | ) |   |   | (512.3 | ) |
|                                                                     |                  |   |                   |   |   |                  |   |   |   |   |   |   |   |   |   |   |   |
| Interest rate swap agreements                                            | Non-current           |   |                   | 719.9  |   |                  |   | 236.0 |   |   |   | (16.9 | ) |   |   | (218.5 | ) |
| Cross-currency swap agreements                                           | Non-current           |   |                   | -      |   |                  |   | - |   |   |   | - |   |   |   | (9.6 | ) |
| Total                                                                    |                  |   |                   | 822.0  |   |                  |   | 312.4 |   |   |   | (327.6 | ) |   |   | (740.4 | ) |
|                                                                     |                  |   |                   |   |   |                  |   |   |   |   |   |   |   |   |   |   |   |
| Derivatives not designated as hedging contracts |                  |   |                   |   |   |                  |   |   |   |   |   |   |   |   |   |   |   |
| Energy commodity derivative contracts                                    | Current               |   | $                      | 8.8    |   |                  | $      | 1.7 |   |   | $ | (10.6 | ) |   | $ | (1.2 | ) |
|                                                                     |                  |   |                   | 8.8    |   |                  |   | 1.7 |   |   |   | (10.6 | ) |   |   | (1.2 | ) |
| Total                                                                    |                  |   | $                      | 830.8  |   |                  | $      | 314.1 |   |   | $ | (338.2 | ) |   | $ | (741.6 | ) |

| Derivatives in fair valuehedging relationships | Location of gain/(loss) recognizedin income on derivative |   | Amount of gain/(loss) recognizedin income on derivative(a) |   |
|------------------------------------------------|-----------------------------------------------------------|--------|------------------------------------------------------------|--------|
|                                           |                                                      |   | Three Months EndedSeptember 30,                            |   |   | Nine Months EndedSeptember 30, |   |
|                                           |                                                      |   | 2010                                                       |   |   | 2009 |   |   | 2010 |   |   | 2009 |   |
| Interest rate swap agreements                  | Interest, net - income/(expense)                          |   | $                                                          | 241.3  |   |   | $ | 127.4 |   |   | $ | 685.5 |   |   | $ | (339.9 | ) |
| Total                                          |                                                      |   | $                                                          | 241.3  |   |   | $ | 127.4 |   |   | $ | 685.5 |   |   | $ | (339.9 | ) |

----

| Hedged items in fair valuehedging relationships | Location of gain/(loss) recognizedin income on related hedged item |   | Amount of gain/(loss) recognizedin income on related hedged item(a) |   |
|-------------------------------------------------|--------------------------------------------------------------------|--------|---------------------------------------------------------------------|--------|
|                                            |                                                               |   | Three Months EndedSeptember 30,                                     |   |   | Nine Months EndedSeptember 30, |   |
|                                            |                                                               |   | 2010                                                                |   |   | 2009 |   |   | 2010 |   |   | 2009 |   |
| Fixed rate debt                                 | Interest, net - income/(expense)                                   |   | $                                                                   | (241.3 | ) |   | $ | (127.4 | ) |   | $ | (685.5 | ) |   | $ | 339.9 |   |
| Total                                           |                                                               |   | $                                                                   | (241.3 | ) |   | $ | (127.4 | ) |   | $ | (685.5 | ) |   | $ | 339.9 |   |

| (a) | Amounts reflect the change in the fair value of interest rate swap agreements and the change in the fair value of the associated fixed rate debt which exactly offset each other as a result of no hedge ineffectiveness.  Amounts do not reflect the impact on interest expense from the interest rate swap agreements under which we pay variable rate interest and receive fixed rate interest. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Derivatives incash flow hedgingrelationships |   | Amount of gain/(loss)recognized in OCI onderivative (effectiveportion) |   | Location ofgain/(loss)reclassified fromAccumulated OCIinto income(effective portion) |   | Amount of gain/(loss)reclassified fromAccumulated OCIinto income(effective portion) |   | Location ofgain/(loss)recognized inincome onderivative(ineffective portionand amountexcluded fromeffectivenesstesting) |   | Amount of gain/(loss)recognized in incomeon derivative(ineffective portionand amountexcluded fromeffectiveness testing) |
|-------------------------------------------------------------|--------|------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                        |   | Three Months EndedSeptember 30,                                                                      |   |                                                                                                          |   | Three Months EndedSeptember 30,                                                                                   |   |                                                                                                                                                 |   | Three Months EndedSeptember 30,                                                                                                                                      |
|                                                        |   | 2010                                                                                                 |   | 2009                                                                                                          |   |                                                                                                              |   | 2010                                                                                                                                                 |   | 2009                                                                                                                                                                 |   |   |   | 2010 |   | 2009 |
| Energy commodity derivative contracts             |   | $                                                                                                    | (25.1) |                                                                                                          | $      | 19.1                                                                                                         |   | Revenues-natural gas sales                                                                                                                      |   | $                                                                                                                                                                    | 0.4  |   | $ | 4.1  |   | Revenues-natural gas sales |   | $ | -     |   | $ | -     |
|                                                        |   |                                                                                                 |   |                                                                                                          |   |                                                                                                              |   | Revenues-product sales and other                                                                                                           |   |                                                                                                                                                                 | (4.8) |   |   | 4.1  |   | Revenues-product sales and other |   |   | (7.9) |   |   | (5.4) |
|                                                        |   |                                                                                                 |   |                                                                                                          |   |                                                                                                              |   | Gas purchases and other costs of sales                                                                                      |   |                                                                                                                                                                 | (0.6) |   |   | (1.1) |   | Gas purchases and other costs of sales |   |   | (1.6) |   |   | -     |
| Total                                                       |   | $                                                                                                    | (25.1) |                                                                                                          | $      | 19.1                                                                                                         |   | Total                                                                                                                                                |   | $                                                                                                                                                                    | (5.0) |   | $ | 7.1  |   | Total |   | $ | (9.5) |   | $ | (5.4) |
|                                                        |   |                                                                                                 |   |                                                                                                          |   |                                                                                                              |   |                                                                                                                                                 |   |                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                        |   | Nine Months EndedSeptember 30,                                                                       |   |                                                                                                          |   | Nine Months EndedSeptember 30,                                                                                    |   |                                                                                                                                                 |   | Nine Months EndedSeptember 30,                                                                                                                                       |
|                                                        |   | 2010                                                                                                 |   | 2009                                                                                                          |   |                                                                                                              |   | 2010                                                                                                                                                 |   | 2009                                                                                                                                                                 |   |   |   | 2010 |   | 2009 |
| Energy commodity derivative contracts             |   | $                                                                                                    | 33.5   |                                                                                                          | $      | (76.3)                                                                                                            |   | Revenues-natural gas sales                                                                                                                      |   | $                                                                                                                                                                    | 0.5  |   | $ | 8.5  |   | Revenues-natural gas sales |   | $ | -     |   | $ | -     |
|                                                        |   |                                                                                                 |   |                                                                                                          |   |                                                                                                              |   | Revenues-product sales and other                                                                                                           |   |                                                                                                                                                                 | (13.6) |   |   | 33.8  |   | Revenues-product sales and other |   |   | 5.4  |   |   | (5.4) |
|                                                        |   |                                                                                                 |   |                                                                                                          |   |                                                                                                              |   | Gas purchases and other costs of sales                                                                                      |   |                                                                                                                                                                 | 0.1  |   |   | (0.3) |   | Gas purchases and other costs of sales |   |   | (0.8) |   |   | -     |
| Total                                                       |   | $                                                                                                    | 33.5   |                                                                                                          | $      | (76.3)                                                                                                            |   | Total                                                                                                                                                |   | $                                                                                                                                                                    | (13.0) |   | $ | 42.0  |   | Total |   | $ | 4.6  |   | $ | (5.4) |

| Derivatives not designatedas hedging contracts  | Location of gain/(loss) recognizedin income on derivative |   | Amount of gain/(loss) recognizedin income on derivative |   |
|--------------------------------------------------------------------------|-----------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------|--------|
|                                                                     |                                                                                    |   | Three Months EndedSeptember 30,                                                       |   |   | Nine Months EndedSeptember 30, |   |
|                                                                     |                                                                                    |   | 2010                                                                                  |   |   | 2009 |   |   | 2010 |   |   | 2009 |   |
| Energy commodity derivative contracts                                    | Gas purchases and other costs of sales                                                  |   | $                                                                                     | 0.2    |   |   | $ | (0.8 | ) |   | $ | 1.0 |   |   | $ | (3.1 | ) |
| Total                                                                    |                                                                                    |   | $                                                                                     | 0.2    |   |   | $ | (0.8 | ) |   | $ | 1.0 |   |   | $ | (3.1 | ) |

----

| Derivatives in net investmenthedgingrelationships |   | Amount of gain/(loss)recognized in OCI onderivative (effectiveportion) |                      | Location ofgain/(loss)reclassified fromAccumulated OCIinto income(effective portion) |   | Amount of gain/(loss)reclassified fromAccumulated OCIinto income(effective portion) |   | Location ofgain/(loss)recognized inincome onderivative(ineffective portionand amountexcluded fromeffectivenesstesting) |   | Amount of gain/(loss)recognized in incomeon derivative(ineffective portionand amountexcluded fromeffectiveness testing |
|------------------------------------------------------------------|--------|------------------------------------------------------------------------------------------------------|---------------------------|---------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                             |   | Three Months EndedSeptember 30,                                                            |                      |                                                                                                          |   | Three Months EndedSeptember 30,                                                                         |   |                                                                                                                                                 |   | Three Months EndedSeptember 30,                                                                                                                           |
|                                                             |   | 2010                                                                                                 |                      | 2009                                                                                                          |   |                                                                                                              |   | 2010                                                                                                                                                 |   | 2009                                                                                                                                                                |   |   |   | 2010 |   | 2009 |
| Cross-currency swap agreements                              |   | $                                                                                                    | -     |                                                                                                          | $      | (9.5)                                                                                                             |   | Other, net                                                                                                                                           |   | $                                                                                                                                                                   | -     |   | $ | -     |   | Revenues |   | $ | -     |   | $ | -     |
| Total                                                            |   | $                                                                                                    | -     |                                                                                                          | $      | (9.5)                                                                                                             |   | Total                                                                                                                                                |   | $                                                                                                                                                                   | -     |   | $ | -     |   | Total |   | $ | -     |   | $ | -     |
|                                                             |   |                                                                                                 |                      |                                                                                                          |   |                                                                                                              |   |                                                                                                                                                 |   |                                                                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                             |   | Nine Months EndedSeptember 30,                                                                  |                      |                                                                                                          |   | Nine Months EndedSeptember 30,                                                                               |   |                                                                                                                                                 |   | Nine Months EndedSeptember 30,                                                                                                                                 |
|                                                             |   | 2010                                                                                                 |                      | 2009                                                                                                          |   |                                                                                                              |   | 2010                                                                                                                                                 |   | 2009                                                                                                                                                                |   |   |   | 2010 |   | 2009 |
| Cross-currency swap agreements                              |   | $                                                                                                    | 9.6                  |                                                                                                          | $      | (35.6)                                                                                                            |   | Other, net                                                                                                                                           |   | $                                                                                                                                                                   | -     |   | $ | -     |   | Revenues |   | $ | -     |   | $ | -     |
| Total                                                            |   | $                                                                                                    | 9.6                  |                                                                                                          | $      | (35.6)                                                                                                            |   | Total                                                                                                                                                |   | $                                                                                                                                                                   | -     |   | $ | -     |   | Total |   | $ | -     |   | $ | -     |

----

|                                  |   | Assetposition |   |
|---------------------------------------|--------|---------------|--------|
| Interest rate swap agreements         |   | $             | 719.9  |   |
| Energy commodity derivative contracts |   |          | 110.9  |   |
| Gross exposure                        |   |          | 830.8  |   |
| Netting agreement impact              |   |          | (79.9  | ) |
| Net exposure                          |   | $             | 750.9  |   |

| Credit ratings downgraded(a)                                                     |   | Incrementalobligations |                | Cumulativeobligations(b) |
|----------------------------------------------------------------------------------|--------|------------------------|---------------------|--------------------------|
| One notch to BBB-/Baa3                                                           |   | $                      | -    |                     |   | $ | -    |   |
|                                                                             |   |                   |                |                     |   |   |   |   |
| Two notches to below BBB-/Baa3 (below investment grade) |   | $                      | 73.8                |                     |   | $ | 73.8 |   |

| (a) | If there are split ratings among the independent credit rating agencies, most counterparties use the higher credit rating to determine KMP’s incremental collateral obligations, while the remaining use the lower credit rating.  Therefore, a two notch downgrade to below BBB-/Baa3 by one agency would not trigger the entire $73.8 million incremental obligation.   |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b) | Includes current posting at current rating.                                                                                                                                                                                                                                                                                                                                                         |

|   | ▪ | Level 1 Inputs—quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date; |
|--------|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | ▪ | Level 2 Inputs—inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. If the asset or liability has a specified (contractual) term, a Level 2 input must be observable for substantially the full term of the asset or liability; and |
|--------|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ▪ | Level 3 Inputs—unobservable inputs for the asset or liability. These unobservable inputs reflect the entity’s own assumptions about the assumptions that market participants would use in pricing the asset or liability, and are developed based on the best information available in the circumstances (which might include the reporting entity’s own data). |
|--------|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                     |   | Asset fair value measurements using |   |
|------------------------------------------|--------|---------------------------------------------------------|--------|
|                                     |   | Total                                                   |   |   | Quoted prices inactive marketsfor identical assets (Level 1) |   |   | Significant otherobservable inputs (Level 2) |   |   | Significantunobservable inputs (Level 3) |   |
| As of September 30, 2010                 |   |                                                    |   |   |   |   |   |   |   |   |   |   |
| Energy commodity derivative contracts(a) |   | $                                                       | 110.9  |   |   | $ | - |   |   | $ | 50.2 |   |   | $ | 60.7 |   |
| Interest rate swap agreements            |   | $                                                       | 719.9  |   |   | $ | - |   |   | $ | 719.9 |   |   | $ | - |   |
|                                     |   |                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| As of December 31, 2009                  |   |                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Energy commodity derivative contracts(a) |   | $                                                       | 78.1   |   |   | $ | - |   |   | $ | 14.4 |   |   | $ | 63.7 |   |
| Interest rate swap agreements            |   | $                                                       | 236.0  |   |   | $ | - |   |   | $ | 236.0 |   |   | $ | - |   |

|                                                             |   | Liability fair value measurements using |   |
|------------------------------------------------------------------|--------|-------------------------------------------------------------|--------|
|                                                             |   | Total                                                       |   |   | Quoted prices in active marketsfor identicalliabilities(Level 1) |   |   | Significant other observableinputs (Level 2) |   |   | Significantunobservable inputs (Level 3) |   |
| As of September 30, 2010                                         |   |                                                        |   |   |   |   |   |   |   |   |   |   |
| Energy commodity derivative contracts(b)                         |   | $                                                           | (321.3 | ) |   | $ | - |   |   | $ | (295.2 | ) |   | $ | (26.1 | ) |
| Interest rate swap agreements                                    |   | $                                                           | (16.9  | ) |   | $ | - |   |   | $ | (16.9 | ) |   | $ | - |   |
|                                                             |   |                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| As of December 31, 2009                                          |   |                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Energy commodity derivative contracts(b)                         |   | $                                                           | (513.5 | ) |   | $ | - |   |   | $ | (462.8 | ) |   | $ | (50.7 | ) |
| Interest rate swap agreements                                    |   | $                                                           | (218.5 | ) |   | $ | - |   |   | $ | (218.5 | ) |   | $ | - |   |
| Cross-currency interest rate swap agreements |   | $                                                           | (9.6   | ) |   | $ | - |   |   | $ | (9.6 | ) |   | $ | - |   |

| (a) | Level 2 consists primarily of OTC West Texas Intermediate hedges and OTC natural gas hedges that are settled on NYMEX.  Level 3 consists primarily of natural gas basis swaps, West Texas Sour hedges, natural gas options and West Texas Intermediate options.   |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b) | Level 2 consists primarily of OTC West Texas Intermediate hedges and OTC natural gas hedges that are settled on NYMEX.  Level 3 consists primarily of natural gas basis swaps, West Texas Sour hedges and West Texas Intermediate options.                                  |

----

|                                                                                                                                                       |   | Three Months EndedSeptember 30, |   |   | Nine Months EndedSeptember 30, |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------|--------|--------|-------------------------------------|--------|
|                                                                                                                                                       |   | 2010                                      |   |   | 2009                                |   |   | 2010 |   |   | 2009 |   |
| Derivatives-net asset (liability)                                                                                                                          |   |                                      |   |   |                                |   |   |   |   |   |   |   |
| Beginning of Period                                                                                                                                        |   | $                                         | 46.6   |   |                                | $      | 24.0 |   |   | $ | 13.0 |   |   | $ | 44.1 |   |
| Realized and unrealized net gains and (losses)                                                                                                             |   |                                      | (11.4  | )      |                                |   | 2.7 |   |   |   | 15.3 |   |   |   | (19.1 | ) |
| Purchases and settlements                                                                                                                                  |   |                                      | (0.6   | )      |                                |   | 3.2 |   |   |   | 6.3 |   |   |   | 4.9 |   |
| Transfers in (out) of Level 3                                                                                                                              |   |                                      | -      |   |                                |   | - |   |   |   | - |   |   |   | - |   |
| End of Period                                                                                                                                              |   | $                                         | 34.6   |   |                                | $      | 29.9 |   |   | $ | 34.6 |   |   | $ | 29.9 |   |
|                                                                                                                                                       |   |                                      |   |   |                                |   |   |   |   |   |   |   |   |   |   |   |
| Change in unrealized net gains (losses) relating to contracts still held at end of period |   | $                                         | (12.2  | )      |                                | $      | (0.1 | ) |   | $ | 8.3 |   |   | $ | (29.5 | ) |

|       |   | September 30, 2010 |     |   | December 31, 2009        |   |
|------------|--------|--------------------|----------|--------|--------------------------|--------|
|       |   | Carryingvalue      |     |   | Estimatedfair value |   |   | Carryingvalue |   |   | Estimatedfair value |   |
| Total debt |   | $                  | 14,860.2 |   |                     | $      | 16,271.8 |   |   | $ | 13,648.4 |   |   | $ | 14,158.2 |   |

|                          | Asset fair value measurements using |   |
|-------------------------------|---------------------------------------------------------|--------|
|                          | Total                                                   |   | Quoted prices inactive marketsfor identicalassets (Level 1) |   | Significant otherobservableinputs (Level 2) |   | Significantunobservableinputs (Level 3) |   |
| As of March 31, 2010          |                                                    |   |   |   |   |   |   |   |   |   |   |   |
| Investment in NGPL PipeCo LLC |                                                    | $      | 269.0 |   |   | $ | - |   |   | $ | - |   |   | $ | 269.0 |   |

|   | ▪ | Products Pipelines–KMP— the transportation and terminaling of refined petroleum products, including gasoline, diesel fuel, jet fuel and natural gas liquids; |
|--------|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ▪ | Natural Gas Pipelines–KMP—the sale, transport, processing, treating, storage and gathering of natural gas; |
|--------|---------|------------------------------------------------------------------------------------------------------------------------|

|   | ▪ | CO2–KMP—the production and sale of crude oil from fields in the Permian Basin of West Texas and the transportation and marketing of carbon dioxide used as a flooding medium for recovering crude oil from |
|--------|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   |   | mature oil fields; |
|--------|--------|--------------------|

|   | ▪ | Terminals–KMP—the transloading and storing of refined petroleum products and dry and liquid bulk products, including coal, petroleum coke, cement, alumina, salt and other bulk chemicals; |
|--------|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ▪ | Kinder Morgan Canada–KMP—the transportation of crude oil and refined products from Alberta, Canada to marketing terminals and refineries in British Columbia, the state of Washington and the Rocky Mountains and Central regions of the United States; |
|--------|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ▪ | NGPL PipeCo LLC— consists of our 20% interest in NGPL PipeCo LLC, the owner of Natural Gas Pipeline Company of America and certain affiliates, collectively referred to as Natural Gas Pipeline Company of America or NGPL, a major interstate natural gas pipeline and storage system, which we operate; and |
|--------|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ▪ | Power—consists of our operation of a 550-megawatt natural gas-fired electric generation facility in Michigan (Triton Power). On October 22, 2010, we sold Triton Power, see Note 2. |
|--------|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                              |   | Three Months EndedSeptember 30, |    |   | Nine Months EndedSeptember 30, |   |
|-----------------------------------|--------|-------------------------------------------|---------|--------|-------------------------------------|--------|
|                              |   | 2010                                      |    |   | 2009                                |   |   | 2010 |   |   | 2009 |   |
| Revenues                          |   |                                      |    |   |                                |   |   |   |   |   |   |   |
| Products Pipelines–KMP      |   |                                      |    |   |                                |   |   |   |   |   |   |   |
| Revenues from external customers  |   | $                                         | 227.7   |   |                                | $      | 216.7 |   |   | $ | 661.5 |   |   | $ | 611.6 |   |
| Natural Gas Pipelines–KMP   |   |                                      |    |   |                                |   |   |   |   |   |   |   |   |   |   |   |
| Revenues from external customers  |   |                                      | 1,147.6 |   |                                |   | 838.8 |   |   |   | 3,414.0 |   |   |   | 2,751.2 |   |
| CO2–KMP                     |   |                                      |    |   |                                |   |   |   |   |   |   |   |   |   |   |   |
| Revenues from external customers  |   |                                      | 309.1   |   |                                |   | 286.1 |   |   |   | 972.2 |   |   |   | 821.7 |   |
| Terminals–KMP               |   |                                      |    |   |                                |   |   |   |   |   |   |   |   |   |   |   |
| Revenues from external customers  |   |                                      | 321.2   |   |                                |   | 282.8 |   |   |   | 945.3 |   |   |   | 814.2 |   |
| Intersegment revenues             |   |                                      | 0.3     |   |                                |   | 0.2 |   |   |   | 0.8 |   |   |   | 0.7 |   |
| Kinder Morgan Canada–KMP    |   |                                      |    |   |                                |   |   |   |   |   |   |   |   |   |   |   |
| Revenues from external customers  |   |                                      | 67.5    |   |                                |   | 60.1 |   |   |   | 197.9 |   |   |   | 166.1 |   |
| Power(a)                          |   |                                      |    |   |                                |   |   |   |   |   |   |   |   |   |   |   |
| Revenues from external customers  |   |                                      | 3.3     |   |                                |   | 16.3 |   |   |   | 8.9 |   |   |   | 35.3 |   |
| Other                             |   |                                      |    |   |                                |   |   |   |   |   |   |   |   |   |   |   |
| NGPL PipeCo LLC fixed fee revenue |   |                                      | 11.8    |   |                                |   | 11.5 |   |   |   | 35.4 |   |   |   | 34.4 |   |
| Other revenue                     |   |                                      | -       |   |                                |   | - |   |   |   | 1.5 |   |   |   | - |   |
| Total segment revenues            |   |                                      | 2,088.5 |   |                                |   | 1,712.5 |   |   |   | 6,237.5 |   |   |   | 5,235.2 |   |
| Less: Total intersegment revenues |   |                                      | (0.3    | )      |                                |   | (0.2 | ) |   |   | (0.8 | ) |   |   | (0.7 | ) |
| Total consolidated revenues       |   | $                                         | 2,088.2 |   |                                | $      | 1,712.3 |   |   | $ | 6,236.7 |   |   | $ | 5,234.5 |   |

----

|                                                                                                                                                        |   | Three Months EndedSeptember 30, |   |   | Nine Months EndedSeptember 30, |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------|--------|--------|-------------------------------------|--------|
|                                                                                                                                                        |   | 2010                                      |   |   | 2009                                |   |   | 2010 |   |   | 2009 |   |
|                                                                                                                                                        |   |                                      |   |   |                                |   |   |   |   |   |   |   |
| Segment earnings (loss) before depreciation, depletion, amortization and amortization of excess cost of equity investments(b) |   |                                      |   |   |                                |   |   |   |   |   |   |   |
| Products Pipelines–KMP(c)                                                                                                                             |   | $                                         | 167.4  |   |                                | $      | 167.9 |   |   | $ | 331.8 |   |   | $ | 468.0 |   |
| Natural Gas Pipelines–KMP                                                                                                                             |   |                                      | 187.1  |   |                                |   | 197.8 |   |   |   | 592.3 |   |   |   | 559.8 |   |
| CO2–KMP                                                                                                                                               |   |                                      | 234.6  |   |                                |   | 217.0 |   |   |   | 763.9 |   |   |   | 635.6 |   |
| Terminals–KMP                                                                                                                                         |   |                                      | 159.2  |   |                                |   | 155.0 |   |   |   | 474.5 |   |   |   | 430.3 |   |
| Kinder Morgan Canada–KMP                                                                                                                              |   |                                      | 44.0   |   |                                |   | 47.7 |   |   |   | 132.9 |   |   |   | 113.9 |   |
| NGPL PipeCo LLC(d)                                                                                                                                          |   |                                      | 6.2    |   |                                |   | 9.0 |   |   |   | (405.0 | ) |   |   | 31.4 |   |
| Power(a)                                                                                                                                                    |   |                                      | 1.4    |   |                                |   | 1.4 |   |   |   | 3.8 |   |   |   | 3.8 |   |
| Total segment earnings before DD&A                                                                                                                      |   |                                      | 799.9  |   |                                |   | 795.8 |   |   |   | 1,894.2 |   |   |   | 2,242.8 |   |
| Depreciation, depletion and amortization                                                                                                                    |   |                                      | (261.7 | )      |                                |   | (255.5 | ) |   |   | (813.7 | ) |   |   | (777.1 | ) |
| Amortization of excess cost of equity investments                                                                                                           |   |                                      | (1.4   | )      |                                |   | (1.4 | ) |   |   | (4.3 | ) |   |   | (4.3 | ) |
| NGPL PipeCo LLC fixed fee revenue                                                                                                                           |   |                                      | 11.8   |   |                                |   | 11.5 |   |   |   | 35.4 |   |   |   | 34.4 |   |
| Other revenue                                                                                                                                               |   |                                      | -      |   |                                |   | - |   |   |   | 1.5 |   |   |   | - |   |
| General and administrative expense(e)                                                                                                                       |   |                                      | (308.2 | )      |                                |   | (92.2 | ) |   |   | (528.7 | ) |   |   | (269.2 | ) |
| Unallocable interest and other, net(f)                                                                                                                      |   |                                      | (173.7 | )      |                                |   | (135.8 | ) |   |   | (492.6 | ) |   |   | (425.2 | ) |
| Unallocable income tax benefit (expense)                                                                                                                    |   |                                      | (13.9  | )      |                                |   | (92.9 | ) |   |   | 41.6 |   |   |   | (218.4 | ) |
| Income from continuing operations                                                                                                                           |   | $                                         | 52.8   |   |                                | $      | 229.5 |   |   | $ | 133.4 |   |   | $ | 583.0 |   |

|                            |   | September 30,2010 |     |   | December 31,2009 |   |
|---------------------------------|--------|-------------------|----------|--------|-----------------------|--------|
| Assets                          |   |              |     |   |                  |   |
| Products Pipelines–KMP    |   | $                 | 5,612.5  |   |                  | $      | 5,614.7 |   |
| Natural Gas Pipelines–KMP |   |              | 10,926.5 |   |                  |   | 9,956.7 |   |
| CO2–KMP                   |   |              | 4,066.3  |   |                  |   | 4,230.5 |   |
| Terminals–KMP             |   |              | 4,926.8  |   |                  |   | 4,537.3 |   |
| Kinder Morgan Canada–KMP  |   |              | 1,817.4  |   |                  |   | 1,797.7 |   |
| NGPL PipeCo LLC(d)              |   |              | 261.4    |   |                  |   | 698.5 |   |
| Power(a)                        |   |              | 5.1      |   |                  |   | 67.6 |   |
| Total segment assets            |   |              | 27,616.0 |   |                  |   | 26,903.0 |   |
| Corporate assets(g)             |   |              | 1,138.1  |   |                  |   | 683.3 |   |
| Total consolidated assets       |   | $                 | 28,754.1 |   |                  | $      | 27,586.3 |   |

| (a)       | Upon the adoption of Accounting Standards Update No. 2009-17, which amended the codification’s “Consolidation” topic, on January 1, 2010, Triton Power Company LLC is no longer consolidated into our financial statements, but is treated as an equity investment see Note 13. This resulted in decreases to 2010 revenues, operating expenses and noncontrolling interests with no impact to segment earnings before DD&A as compared to 2009.  On October 22, 2010, we sold Triton Power; see Note 2.   |
|-----------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)       | Includes revenues, earnings from equity investments, allocable interest income, and other, net, less operating expenses, allocable income taxes, and other expense (income).                                                                                                                                                                                                                                                                                                                                                               |
| (c)       | Nine month 2010 amount includes a $158.0 million increase in expense associated with rate case liability adjustments. For more information on the rate case proceedings, see Note 11.                                                                                                                                                                                                                                                                                                                                                      |
| (d)       | Nine month 2010 amount includes a $430.0 million non-cash investment impairment charge; see Note 2.                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| (e)       | 2010 amounts include a $200.0 million increase in expense associated with the Going Private transaction litigation settlement; see Note 11.                                                                                                                                                                                                                                                                                                                                                                                                |
| (f)       | Includes (i) interest expense and (ii) miscellaneous other income and expenses not allocated to reportable segments.                                                                                                                                                                                                                                                                                                                                                                                                                       |
| (g)  | Includes cash and cash equivalents, margin and restricted deposits, unallocable interest receivable, prepaid assets and deferred charges, risk management assets related to the fair value of interest rate swaps and miscellaneous corporate assets (such as information technology and telecommunications equipment) not allocated to individual segments.                                                                                                                                                                                         |

----

----

|                                                                           |   | September 30,2010 |   |   | December 31,2009 |   |
|--------------------------------------------------------------------------------|--------|-------------------|--------|--------|-----------------------|--------|
| Derivatives - asset (liability)                                                |   |              |   |   |                  |   |
| Current assets: Fair value of derivative contracts                             |   | $                 | -      |   |                  | $      | 4.3 |   |
| Assets: Fair value of derivative contracts                                     |   | $                 | 17.2   |   |                  | $      | 18.4 |   |
| Current liabilities: Fair value of derivative contracts                        |   | $                 | (131.3 | )      |                  | $      | (96.8 | ) |
| Long-term liabilities and deferred credits: Fair value of derivative contracts |   | $                 | (76.9  | )      |                  | $      | (190.8 | ) |

|                         | Three Months EndedSeptember 30, |   | Nine Months EndedSeptember 30, |
|------------------------------|-------------------------------------------|--------|-------------------------------------|
|                         | 2010                                      |   | 2009                                |   | 2010 |   | 2009 |
|                         |                                      |
| Income tax expense (benefit) | $                                         | 20.6   |                                |   | $ | 99.6 |   |   | $ | (29.1) |   |   | $ | 247.2 |   |
| Effective tax rate           |                                      | 28.1   | %                                   |   |   | 30.3 | % |   |   | (27.9) | % |   |   | 29.8 | % |

----

|   | SFPP |
|--------|------|

----

|   | ▪ | FERC Docket Nos. OR92-8, et al. (West and East Line Rates)—Chevron protests of compliance filings pending with FERC and appeals pending at the D.C. Circuit; |
|--------|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ▪ | FERC Docket Nos. OR96-2, et al. (All SFPP Rates)—Chevron (as a successor-in-interest to Texaco) protests of compliance filings pending with FERC; |
|--------|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ▪ | FERC Docket No. OR02-4 (All SFPP Rates)—Chevron appeal of complaint dismissal pending at the D.C. Circuit; |
|--------|---------|------------------------------------------------------------------------------------------------------------------|

|   | ▪ | FERC Docket No. OR03-5 (West, East, North, and Oregon Line Rates)—Chevron exceptions to initial decision pending at FERC; |
|--------|---------|---------------------------------------------------------------------------------------------------------------------------------|

|   | ▪ | FERC Docket No. OR07-4 (All SFPP Rates)—Chevron complaint held in abeyance; |
|--------|---------|-----------------------------------------------------------------------------------|

|   | ▪ | FERC Docket No. OR09-8 (consolidated) (2008 Index Increases)—Hearing regarding Chevron complaint held in abeyance pending settlement discussions; |
|--------|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ▪ | FERC Docket No. IS98-1 (Sepulveda Line Rates)—Chevron protests to compliance filing pending at FERC; |
|--------|---------|------------------------------------------------------------------------------------------------------------|

|   | ▪ | FERC Docket No. IS05-230 (North Line Rates)—Chevron exceptions to initial decision pending at FERC; |
|--------|---------|-----------------------------------------------------------------------------------------------------------|

|   | ▪ | FERC Docket No. IS07-116 (Sepulveda Line Rates)—Chevron protest subject to resolution of IS98-1 proceeding; |
|--------|---------|-------------------------------------------------------------------------------------------------------------------|

|   | ▪ | FERC Docket No. IS08-137 (West and East Line Rates)—Chevron protest subject to resolution of the OR92-8/OR96-2 proceeding; |
|--------|---------|----------------------------------------------------------------------------------------------------------------------------------|

|   | ▪ | FERC Docket No. IS08-302 (2008 Index Rate Increases)—Chevron protest subject to the resolution of proceedings regarding the West, North and Sepulveda Lines; and |
|--------|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ▪ | FERC Docket No. IS09-375 (2009 Index Rate Increases)—Chevron protest subject to resolution of proceedings regarding the North, West and Sepulveda Lines. |
|--------|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ▪ | FERC Docket No. IS08-390 (West Line Rates)—Protestants: BP, ExxonMobil, ConocoPhillips, Valero Marketing, Chevron, the Airlines—Status: Exceptions to initial decision pending at FERC; and |
|--------|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ▪ | FERC Docket No. IS09-437 (East Line Rates)—Protestants: BP, ExxonMobil, ConocoPhillips, Valero, Chevron, Western Refining, and Southwest Airlines—Status: Awaiting Initial Decision expected in January 2011. |
|--------|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | Calnev |
|--------|--------|

|   | ▪ | FERC Docket Nos. OR07-7, OR07-18, OR07-19 & OR07-22 (not consolidated) (Calnev Rates)—Complainants: Tesoro, Airlines, BP, Chevron, ConocoPhillips and Valero Marketing—Status:  Complaint amendments pending before FERC; |
|--------|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ▪ | FERC Docket No. IS09-377 (2009 Index Rate Increases)—Protestants: BP, Chevron, and Tesoro—Status:  Requests for rehearing of FERC dismissal pending before FERC; |
|--------|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ▪ | FERC Docket Nos. OR09-11/OR09-14 (not consolidated) (2007 and 2008 Page 700 Audit Request)—Complainants: BP/Tesoro—Status:  BP petition for review at D.C. Circuit dismissed, mandate issued in June 2010; |
|--------|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ▪ | FERC Docket Nos. OR09-15/OR09-20 (not consolidated) (Calnev Rates)—Complainants: Tesoro/BP—Status:  Complaints pending at FERC; and |
|--------|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ▪ | FERC Docket Nos. OR09-18/OR09-22 (not consolidated) (2009 Index Increases)—Complainants: Tesoro/BP—Status:  BP petition for review at D.C. Circuit dismissed, mandate issued. |
|--------|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Trailblazer Pipeline Company LLC |
|--------|----------------------------------|

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|                                                                                                                                                                                            |   | Three Months EndedSeptember 30, |   |   |   |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------|--------|--------|--------|--------|
|                                                                                                                                                                                            |   | 2010                                      |   |   | 2009   |   |   | Earningsincrease/(decrease) |   |
|                                                                                                                                                                                            |   | (In millions, except percentages)         |   |
| Segment earnings before depreciation, depletion and amortization expense and amortization of excess cost of equity investments(a)                            |   |                                      |   |   |   |   |   |   |   |   |   |   |
| Products Pipelines–KMP(b)                                                                                                                                                                 |   | $                                         | 167.4  |   |   | $      | 167.9 |   |   | $ | (0.5 | ) |   |   | - | % |
| Natural Gas Pipelines–KMP(c)                                                                                                                                                              |   |                                      | 187.1  |   |   |   | 197.8 |   |   |   | (10.7 | ) |   |   | (5 | )% |
| CO2–KMP(d)                                                                                                                                                                                |   |                                      | 234.6  |   |   |   | 217.0 |   |   |   | 17.6 |   |   |   | 8 | % |
| Terminals–KMP(e)                                                                                                                                                                          |   |                                      | 159.2  |   |   |   | 155.0 |   |   |   | 4.2 |   |   |   | 3 | % |
| Kinder Morgan Canada–KMP                                                                                                                                                                  |   |                                      | 44.0   |   |   |   | 47.7 |   |   |   | (3.7 | ) |   |   | (8 | )% |
| NGPL PipeCo LLC                                                                                                                                                                                 |   |                                      | 6.2    |   |   |   | 9.0 |   |   |   | (2.8 | ) |   |   | (31 | )% |
| Power                                                                                                                                                                                           |   |                                      | 1.4    |   |   |   | 1.4 |   |   |   | - |   |   |   | - | % |
| Segment earnings before depreciation, depletion and amortization expense and amortization of excess cost of equity investments |   |                                      | 799.9  |   |   |   | 795.8 |   |   |   | 4.1 |   |   |   | 1 | % |
|                                                                                                                                                                                            |   |                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation, depletion and amortization expense                                                                                                                                                |   |                                      | (261.7 | )      |   |   | (255.5 | ) |   |   | (6.2 | ) |   |   | (2 | )% |
| Amortization of excess cost of equity investments                                                                                                                                               |   |                                      | (1.4   | )      |   |   | (1.4 | ) |   |   | - |   |   |   | - | % |
| NGPL PipeCo LLC fixed fee revenue(f)                                                                                                                                                            |   |                                      | 11.8   |   |   |   | 11.5 |   |   |   | 0.3 |   |   |   | 3 | % |
| General and administrative expense(g)                                                                                                                                                           |   |                                      | (308.2 | )      |   |   | (92.2 | ) |   |   | (216.0 | ) |   |   | (234 | )% |
| Unallocable interest and other, net(h)                                                                                                                                                          |   |                                      | (173.7 | )      |   |   | (135.8 | ) |   |   | (37.9 | ) |   |   | (28 | )% |
| Income from continuing operations before income taxes                                                                                                                                           |   |                                      | 66.7   |   |   |   | 322.4 |   |   |   | (255.7 | ) |   |   | (79 | )% |
| Unallocable income tax expense(a)                                                                                                                                                               |   |                                      | (13.9  | )      |   |   | (92.9 | ) |   |   | 79.0 |   |   |   | 85 | % |
| Income from continuing operations                                                                                                                                                               |   |                                      | 52.8   |   |   |   | 229.5 |   |   |   | (176.7 | ) |   |   | (77 | )% |
| Income from discontinued operations, net of tax                                                                                                                                                 |   |                                      | (0.2   | )      |   |   | (0.1 | ) |   |   | (0.1 | ) |   |   | (100 | )% |
| Net income                                                                                                                                                                                      |   |                                      | 52.6   |   |   |   | 229.4 |   |   |   | (176.8 | ) |   |   | (77 | )% |
| Net income attributable to noncontrolling interests                                                                                                                                             |   |                                      | (42.0  | )      |   |   | (106.6 | ) |   |   | 64.6 |   |   |   | 61 | % |
| Net income attributable to Kinder Morgan, Inc.                                                                                                                                                  |   | $                                         | 10.6   |   |   | $      | 122.8 |   |   | $ | (112.2 | ) |   |   | (91 | )% |

----

|                                                                                                                                                                                            |   | Nine Months EndedSeptember 30, |    |   |   |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------|---------|--------|--------|--------|
|                                                                                                                                                                                            |   | 2010                                |    |   | 2009   |   |   | Earningsincrease/(decrease) |   |
|                                                                                                                                                                                            |   | (In millions, except percentages)   |    |
| Segment earnings (loss) before depreciation, depletion and amortization expense and amortization of excess cost of equity investments(a)                     |   |                                |    |   |   |   |   |   |   |   |   |   |
| Products Pipelines–KMP(i)                                                                                                                                                                 |   | $                                   | 331.8   |   |   | $      | 468.0 |   |   | $ | (136.2 | ) |   |   | (29 | )% |
| Natural Gas Pipelines–KMP(j)                                                                                                                                                              |   |                                | 592.3   |   |   |   | 559.8 |   |   |   | 32.5 |   |   |   | 6 | % |
| CO2–KMP(k)                                                                                                                                                                                |   |                                | 763.9   |   |   |   | 635.6 |   |   |   | 128.3 |   |   |   | 20 | % |
| Terminals–KMP(l)                                                                                                                                                                          |   |                                | 474.5   |   |   |   | 430.3 |   |   |   | 44.2 |   |   |   | 10 | % |
| Kinder Morgan Canada–KMP(m)                                                                                                                                                               |   |                                | 132.9   |   |   |   | 113.9 |   |   |   | 19.0 |   |   |   | 17 | % |
| NGPL PipeCo LLC(n)                                                                                                                                                                              |   |                                | (405.0  | )      |   |   | 31.4 |   |   |   | (436.4 | ) |   |   | (1,390 | )% |
| Power                                                                                                                                                                                           |   |                                | 3.8     |   |   |   | 3.8 |   |   |   | - |   |   |   | - | % |
| Segment earnings before depreciation, depletion and amortization expense and amortization of excess cost of equity investments |   |                                | 1,894.2 |   |   |   | 2,242.8 |   |   |   | (348.6 | ) |   |   | (16 | )% |
|                                                                                                                                                                                            |   |                                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation, depletion and amortization expense                                                                                                                                                |   |                                | (813.7  | )      |   |   | (777.1 | ) |   |   | (36.6 | ) |   |   | (5 | )% |
| Amortization of excess cost of equity investments                                                                                                                                               |   |                                | (4.3    | )      |   |   | (4.3 | ) |   |   | - |   |   |   | - | % |
| NGPL PipeCo LLC fixed fee revenue(f)                                                                                                                                                            |   |                                | 35.4    |   |   |   | 34.4 |   |   |   | 1.0 |   |   |   | 3 | % |
| Other operating revenues                                                                                                                                                                        |   |                                | 1.5     |   |   |   | - |   |   |   | 1.5 |   |   |   | n/a |   |
| General and administrative expense(o)                                                                                                                                                           |   |                                | (528.7  | )      |   |   | (269.2 | ) |   |   | (259.5 | ) |   |   | (96 | )% |
| Unallocable interest and other, net(p)                                                                                                                                                          |   |                                | (492.6  | )      |   |   | (425.2 | ) |   |   | (67.4 | ) |   |   | (16 | )% |
| Income from continuing operations before income taxes                                                                                                                                           |   |                                | 91.8    |   |   |   | 801.4 |   |   |   | (709.6 | ) |   |   | (89 | )% |
| Unallocable income tax benefit (expense)(a)                                                                                                                                                     |   |                                | 41.6    |   |   |   | (218.4 | ) |   |   | 260.0 |   |   |   | 119 | % |
| Income from continuing operations                                                                                                                                                               |   |                                | 133.4   |   |   |   | 583.0 |   |   |   | (449.6 | ) |   |   | (77 | )% |
| Income (loss) from discontinued operations, net of tax                                                                                                                                          |   |                                | (0.4    | )      |   |   | 0.4 |   |   |   | (0.8 | ) |   |   | (200 | )% |
| Net income                                                                                                                                                                                      |   |                                | 133.0   |   |   |   | 583.4 |   |   |   | (450.4 | ) |   |   | (77 | )% |
| Net income attributable to noncontrolling interests                                                                                                                                             |   |                                | (237.3  | )      |   |   | (215.5 | ) |   |   | (21.8 | ) |   |   | (10 | )% |
| Net income (loss) attributable to Kinder Morgan, Inc.(q)                                                                                                                                        |   | $                                   | (104.3  | )      |   | $      | 367.9 |   |   | $ | (472.2 | ) |   |   | (128 | )% |

| (a) | Includes revenues, earnings from equity investments, allocable interest income and other, net, less operating expenses, allocable income taxes, and other expense (income).  Operating expenses include natural gas purchases and other costs of sales, operations and maintenance expenses, and taxes, other than income taxes. Segment earnings include KMP’s allocable income taxes expense of $6.7 million for both the three months ended September 30, 2010 and 2009, and $12.5 million and $28.8 million for the nine months ended September 30, 2010 and 2009, respectively.                                                                                                                                                                                               |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b) | 2010 amount includes a $2.5 million increase in expense from environmental liability adjustments, and a $1.9 million increase in property environmental expense related to the retirement of the Gaffey Street, California land.  2009 amount includes a $0.1 million increase in income from hurricane casualty gains.  2010 and 2009 amounts also include increases in income of $0.3 million and $1.1 million, respectively, resulting from unrealized foreign currency gains and losses on long-term debt transactions. Also, 2010 amount includes $0.1 million decrease in segment earnings related to property disposal losses, which had been revalued as part of the Going Private transaction and recorded in the application of the purchase method of accounting.   |
| (c) | 2010 amount includes a $1.6 million unrealized loss on derivative contracts used to hedge forecasted natural gas sales.  2009 amount includes a $3.7 million increase in income from hurricane casualty gains, and a $0.7 million decrease in income resulting from unrealized mark to market gains and losses due to the discontinuance of hedge accounting at Casper Douglas. Also, 2010 amount includes $ 0.2 million decrease in segment earnings related to property disposal losses, which had been revalued as part of the Going Private transaction and recorded in the application of the purchase method of accounting.                                                                                                                                                        |
| (d) | 2010 and 2009 amounts include unrealized losses of $7.9 million and $5.4 million, respectively, on derivative contracts used to hedge forecasted crude oil sales. Also, 2010 and 2009 amounts include increases in segment earnings resulting from valuation adjustments of $13.1 million and $23.8 million, respectively, primarily related to derivative contracts in place at the time of the Going Private transaction and recorded in the application of the purchase method of accounting.                                                                                                                                                                                                                                                                                                   |
| (e) | 2010 amount includes a $5.0 million increase in expense from casualty insurance deductibles, and a $0.2 million decrease in expense from certain measurement period adjustments related to KMP’s March 5, 2010 Slay Industries terminal acquisition.  2009 amount includes an $11.2 million increase in income from fire and hurricane casualty gains. Also, 2009 amount includes $0.2 million decrease in segment earnings, related to assets sold, which had been revalued as part of the Going Private transaction and recorded in the application of the purchase method of accounting.                                                                                                                                                                                        |
| (f) | See Note 9 of our consolidated financial statements included elsewhere in this report.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |

----

| (g) | Includes unallocated litigation and environmental expenses. 2010 amount includes $200 million (pre-tax) Going Private transaction litigation settlement; see Note 11 of our consolidated financial statements included elsewhere in this report. 2010 and 2009 amounts include increases in expense of $1.1 million and $0.5 million, respectively, for certain asset and business acquisition costs that would have been capitalized under prior accounting standards.  2009 amount also includes a $0.9 million decrease in expense related to capitalized overhead costs associated with the 2008 hurricane season.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (h) | 2010 and 2009 amounts include increases in imputed interest expense of $0.2 million and $0.4 million, respectively, related to KMP’s January 1, 2007 Cochin Pipeline acquisition.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| (i) | 2010 amount includes a $158.0 million (pre-tax) increase in expense associated with rate case liability adjustments, and a $17.4 million decrease in income associated with combined property environmental expenses and the demolition of physical assets in preparation for the sale of the Gaffey Street, California land.  2009 amount includes a $0.1 million increase in income from hurricane casualty gains.  2010 and 2009 amounts also include (i) increases in expense of $2.5 million and $3.8 million, respectively, associated with environmental liability adjustments and (ii) increases in income of $0.4 million and $1.5 million, respectively, resulting from unrealized foreign currency gains and losses on long-term debt transactions.  Also 2010 and 2009 amounts include $7.3 million and $0.3 million, respectively, decrease in segment earnings related to property disposal losses, which had been revalued as part of the Going Private transaction and recorded in the application of the purchase method of accounting.                                                                                                   |
| (j) | 2010 amount includes a $0.8 million unrealized loss on derivative contracts used to hedge forecasted natural gas sales, and a $0.4 million increase in income from certain measurement period adjustments related to KMP’s October 1, 2009 natural gas treating business acquisition.  2009 amount includes a $4.5 million decrease in income resulting from unrealized mark to market gains and losses due to the discontinuance of hedge accounting at Casper Douglas, and a $3.7 million increase in income from hurricane casualty gains.  Also, 2010 and 2009 amounts include increases in segment earnings of $0.1 million and $0.2 million, respectively, resulting from valuation adjustments related to derivative contracts in place at the time of the Going Private transaction and recorded in the application of the purchase method of accounting. 2010 and 2009 amounts also include $ 0.7 million and $1.1 million, respectively, decreases in segment earnings related to property disposal losses, which had been revalued as part of the Going Private transaction and recorded in the application of the purchase method of accounting.   |
| (k) | 2010 and 2009 amounts include a $5.4 million unrealized gain and a $5.4 million unrealized loss, respectively, on derivative contracts used to hedge forecasted crude oil sales.  Also, 2010 and 2009 amounts include increases in segment earnings resulting from valuation adjustments of $39.8 million and $72.3 million, respectively, primarily related to derivative contracts in place at the time of the Going Private transaction and recorded in the application of the purchase method of accounting.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| (l) | 2010 amount includes (i) a $6.7 million casualty indemnification gain related to a 2008 fire at the Pasadena, Texas liquids terminals, (ii) a $0.2 million decrease in expense from certain measurement period adjustments related to KMP’s March 5, 2010 Slay Industries terminal acquisition, (iii) a $5.0 million increase in expense from casualty insurance deductibles and (iv) a $0.6 million increase in expense related to storm and flood clean-up and repair activities.  2009 amount includes (i) an $11.2 million increase in income from fire and hurricane casualty gains, (ii) a $0.5 million decrease in expense associated with legal liability adjustments related to a litigation matter involving the Staten Island liquids terminal and (iii) a $0.1 million increase in expense associated with environmental liability adjustments.  Also, 2010 and 2009 amounts include $0.7 million and $2.5 million, respectively, decrease in segment earnings related to assets sold, which had been revalued as part of the Going Private transaction and recorded in the application of the purchase method of accounting.                      |
| (m) | 2009 amount includes a $14.9 million increase in expense primarily due to certain non-cash regulatory accounting adjustments to the carrying amount of Trans Mountain pipeline system’s previously established deferred tax liability and a $3.7 million decrease in expense due to a certain non-cash accounting adjustment related to book tax accruals made by the Express pipeline system.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| (n) | Includes a non-cash investment impairment charge, which we recorded in the amount of $430.0 million (pre-tax); see Note 2 of our consolidated financial statements included elsewhere in this report.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| (o) | Includes unallocated litigation and environmental expenses. 2010 amount includes a $200 million (pre-tax) Going Private transaction litigation settlement; see Note 11 of our consolidated financial statements included elsewhere in this report. 2010 and 2009 amounts include (i) increases in expense of $3.5 million and $0.6 million, respectively, for certain asset and business acquisition costs and (ii) decreases in expense of $0.2 million and $2.4 million, respectively, related to capitalized overhead costs associated with the 2008 hurricane season.  2010 amount also includes a $1.6 million increase in legal expense associated with items disclosed in these footnotes such as legal settlements and pipeline failures.                                                                                                                                                                                                                                                                                                                                                                                                                              |
| (p) | 2010 and 2009 amounts include increases in imputed interest expense of $0.8 million and $1.2 million, respectively, related to KMP’s January 1, 2007 Cochin Pipeline acquisition.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| (q) | 2010 amount includes a reduction of approximately $107 million (after-tax) in the income we recognized from our interest in the general partner due to a KMP interim capital transaction.  See Note 11 of our consolidated financial statements included elsewhere in this report.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |

----

|                                                                                                                                                                                    |   | Three Months EndedSeptember 30,            |   |   | Nine Months EndedSeptember 30, |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------|--------|--------|--------------------------------|--------|
|                                                                                                                                                                                    |   | 2010                                       |   |   | 2009                           |   |   | 2010 |   |   | 2009 |   |
|                                                                                                                                                                                    |   | (In millions, except operating statistics) |   |
| Revenues                                                                                                                                                                                |   | $                                          | 227.7  |   |                           | $      | 216.7 |   |   | $ | 661.5 |   |   | $ | 611.6 |   |
| Operating expenses(a)                                                                                                                                                                   |   |                                       | (67.8  | )      |                           |   | (56.8 | ) |   |   | (341.7 | ) |   |   | (165.8 | ) |
| Other income (expense)(b)                                                                                                                                                               |   |                                       | (0.2   | )      |                           |   | 0.1 |   |   |   | (11.3 | ) |   |   | (0.2 | ) |
| Earnings from equity investments                                                                                                                                                        |   |                                       | 4.9    |   |                           |   | 4.2 |   |   |   | 15.5 |   |   |   | 12.8 |   |
| Interest income and Other, net-income(c)                                                                                                                                                |   |                                       | 2.1    |   |                           |   | 3.5 |   |   |   | 6.0 |   |   |   | 9.8 |   |
| Income tax benefit (expense)                                                                                                                                                            |   |                                       | 0.7    |   |                           |   | 0.2 |   |   |   | 1.8 |   |   |   | (0.2 | ) |
| Earnings before depreciation, depletion and amortization expense and amortization of excess cost of equity investments |   | $                                          | 167.4  |   |                           | $      | 167.9 |   |   | $ | 331.8 |   |   | $ | 468.0 |   |
|                                                                                                                                                                                    |   |                                       |   |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Gasoline (MMBbl)(d)                                                                                                                                                                     |   |                                       | 102.2  |   |                           |   | 101.4 |   |   |   | 299.4 |   |   |   | 301.2 |   |
| Diesel fuel (MMBbl)                                                                                                                                                                     |   |                                       | 38.4   |   |                           |   | 35.9 |   |   |   | 109.5 |   |   |   | 107.9 |   |
| Jet fuel (MMBbl)                                                                                                                                                                        |   |                                       | 27.1   |   |                           |   | 28.8 |   |   |   | 78.1 |   |   |   | 83.7 |   |
| Total refined product volumes (MMBbl)                                                                                                                               |   |                                       | 167.7  |   |                           |   | 166.1 |   |   |   | 487.0 |   |   |   | 492.8 |   |
| Natural gas liquids (MMBbl)                                                                                                                                                             |   |                                       | 6.7    |   |                           |   | 6.2 |   |   |   | 18.3 |   |   |   | 18.4 |   |
| Total delivery volumes (MMBbl)(e)                                                                                                                                        |   |                                       | 174.4  |   |                           |   | 172.3 |   |   |   | 505.3 |   |   |   | 511.2 |   |
| Ethanol (MMBbl)(f)                                                                                                                                                                      |   |                                       | 7.6    |   |                           |   | 6.1 |   |   |   | 22.4 |   |   |   | 16.7 |   |

| (a) | Three and nine month 2010 amounts include increases in expense of $2.5 million from environmental liability adjustments, and increases in expense of $1.9 million and $13.5 million, respectively, associated with environmental clean-up expenses and the demolition of physical assets in preparation for the sale of KMP’s Gaffey Street, California land. Nine month 2010 amount also includes a $158.0 million increase in expense associated with rate case liability adjustments. Nine month 2009 amount includes a $3.8 million increase in expense associated with environmental liability adjustments.   |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b) | Nine month 2010 amount includes disposal losses of $3.9 million related to the retirement of KMP’s Gaffey Street, California land. Three and nine month 2009 amounts include $0.1 million gains from hurricane casualty indemnifications. Also three and nine month 2010, and nine month 2009 amounts include $0.1 million, $7.3 million and $0.3 million, respectively,                                                                                                                                                                                                                                                     |

----

|   | of decreases in segment earnings related to property disposal losses, which have been revalued as part of the Going Private transaction and recorded in the application of the purchase method of accounting.                                                                                                                     |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c)    | Three and nine month 2010 amounts include increases in income of $0.3 million and $0.4 million, respectively, and three and nine month 2009 amounts include increases in income of $1.1 million and $1.5 million, respectively, all resulting from unrealized foreign currency gains and losses on long-term debt transactions.   |
| (d)    | Volumes include ethanol pipeline volumes.                                                                                                                                                                                                                                                                                         |
| (e)    | Includes Pacific, Plantation, Calnev, Central Florida, Cochin and Cypress pipeline volumes.                                                                                                                                                                                                                                       |
| (f)    | Represents total ethanol volumes, including ethanol pipeline volumes.                                                                                                                                                                                                                                                                       |

|                                             |   | EBDAincrease/(decrease)           |   |   | Revenuesincrease/(decrease) |   |
|--------------------------------------------------|--------|-----------------------------------|--------|--------|-----------------------------|--------|
|                                             |   | (In millions, except percentages) |   |
| Pacific operations                               |   | $                                 | 8.4    |   |                        |   | 12 | % |   | $ | 12.4 |   |   |   | 12 | % |
| West Coast Terminals                             |   |                              | 2.7    |   |                        |   | 16 | % |   |   | 3.5 |   |   |   | 15 | % |
| Cochin Pipeline                                  |   |                              | 1.3    |   |                        |   | 15 | % |   |   | 1.2 |   |   |   | 10 | % |
| Transmix operations                              |   |                              | (6.0   | )      |                        |   | (39 | )% |   |   | (6.2 | ) |   |   | (34 | )% |
| Central Florida Pipeline                         |   |                              | (0.9   | )      |                        |   | (7 | )% |   |   | 0.4 |   |   |   | 2 | % |
| Southeast Terminals                              |   |                              | (0.8   | )      |                        |   | (5 | )% |   |   | (0.5 | ) |   |   | (2 | )% |
| All others (including intrasegment eliminations) |   |                              | 0.2    |   |                        |   | 1 | % |   |   | 0.2 |   |   |   | 1 | % |
| Total Products Pipelines–KMP               |   | $                                 | 4.9    |   |                        |   | 3 | % |   | $ | 11.0 |   |   |   | 5 | % |

|                                             |   | EBDAincrease/(decrease)           |   |   | Revenuesincrease/(decrease) |   |
|--------------------------------------------------|--------|-----------------------------------|--------|--------|-----------------------------|--------|
|                                             |   | (In millions, except percentages) |   |
| Pacific operations                               |   | $                                 | 31.5   |   |                        |   | 16 | % |   | $ | 38.0 |   |   |   | 13 | % |
| Southeast Terminals                              |   |                              | 11.4   |   |                        |   | 29 | % |   |   | 10.3 |   |   |   | 18 | % |
| West Coast Terminals                             |   |                              | 7.4    |   |                        |   | 15 | % |   |   | 7.3 |   |   |   | 11 | % |
| Central Florida Pipeline                         |   |                              | 3.2    |   |                        |   | 8 | % |   |   | 1.9 |   |   |   | 4 | % |
| Cochin Pipeline                                  |   |                              | (10.8  | )      |                        |   | (31 | )% |   |   | (6.7 | ) |   |   | (17 | )% |
| Transmix operations                              |   |                              | (1.6   | )      |                        |   | (6 | )% |   |   | (4.7 | ) |   |   | (12 | )% |
| All others (including intrasegment eliminations) |   |                              | 5.0    |   |                        |   | 7 | % |   |   | 3.8 |   |   |   | 5 | % |
| Total Products Pipelines–KMP               |   | $                                 | 46.1   |   |                        |   | 10 | % |   | $ | 49.9 |   |   |   | 8 | % |

|   | ▪ | increases of $2.7 million (16%) and $7.4 million (15%), respectively, from the West Coast terminal operations. The increases were driven by higher warehousing revenues and incremental customers at the combined Carson/Los Angeles Harbor terminal system, incremental biodiesel revenues from the liquids |
|--------|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   |   | facilities located in Portland, Oregon, and incremental earnings contributions from the terminals’ Portland, Oregon Airport pipeline, which was acquired on July 31, 2009; |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ▪ | an increase of $1.3 million (15%) and a decrease of $10.8 million (31%), respectively, from the Cochin pipeline system. The quarterly increase was chiefly due to a 5% increase in total pipeline throughput volumes in the third quarter of 2010 versus the same prior year quarter. For the comparable nine month periods, the decrease in earnings was primarily attributable to a 23% decline in system delivery volumes in 2010, due in part to the negative impacts from unfavorable tariff changes in 2010; |
|--------|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ▪ | decreases of $6.0 million (39%) and $1.6 million (6%), respectively, from the Transmix processing operations. The lower period-to-period earnings were mainly due to a combined $8.0 million increase in revenues recognized in August 2009. At that time, KMP recorded certain true-ups related to transmix settlement gains (including tank gains and incremental loss allowance gains); |
|--------|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ▪ | a decrease of $0.9 million (7%) and an increase of $3.2 million (8%), respectively, from the Central Florida Pipeline. Earnings remained essentially flat across both quarterly periods, but for the comparable nine months, earnings increased in 2010 due to both incremental product inventory gains and higher ethanol handling revenues; and |
|--------|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ▪ | a decrease of $0.8 million (5%) and an increase of $11.4 million (29%), respectively, from the Southeast terminal operations. Earnings were flat across both quarterly periods, but for the comparable nine months, earnings increased in 2010 due to both increased ethanol throughput and higher product inventory sales at higher prices. |
|--------|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                                                                                                                                                    |   | Three Months EndedSeptember 30,  |     |   | Nine Months EndedSeptember 30, |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------|----------|--------|-------------------------------------|--------|
|                                                                                                                                                                                    |   | 2010                                       |     |   | 2009                                |   |   | 2010 |   |   | 2009 |   |
|                                                                                                                                                                                    |   | (In millions, except operating statistics) |     |
| Revenues(a)                                                                                                                                                                             |   | $                                          | 1,147.6  |   |                                | $      | 838.8 |   |   | $ | 3,414.0 |   |   | $ | 2,751.2 |   |
| Operating expenses(b)                                                                                                                                                                   |   |                                       | (1,001.8 | )      |                                |   | (696.1 | ) |   |   | (2,938.0 | ) |   |   | (2,325.7 | ) |
| Other income (expense)(c)                                                                                                                                                               |   |                                       | (0.2     | )      |                                |   | 3.7 |   |   |   | (0.7 | ) |   |   | 2.6 |   |
| Earnings from equity investments                                                                                                                                                        |   |                                       | 42.0     |   |                                |   | 48.7 |   |   |   | 115.9 |   |   |   | 104.7 |   |
| Interest income and Other, net-income                                                                                                                                                   |   |                                       | 0.6      |   |                                |   | 3.8 |   |   |   | 2.9 |   |   |   | 31.1 |   |
| Income tax expense                                                                                                                                                                      |   |                                       | (1.1     | )      |                                |   | (1.1 | ) |   |   | (1.8 | ) |   |   | (4.1 | ) |
| Earnings before depreciation, depletion and amortization expense and amortization of excess cost of equity investments |   | $                                          | 187.1    |   |                                | $      | 197.8 |   |   | $ | 592.3 |   |   | $ | 559.8 |   |
|                                                                                                                                                                                    |   |                                       |     |   |                                |   |   |   |   |   |   |   |   |   |   |   |
| Natural gas transport volumes (Bcf)(d)                                                                                                                                                  |   |                                       | 652.5    |   |                                |   | 633.3 |   |   |   | 1,920.8 |   |   |   | 1,683.6 |   |
| Natural gas sales volumes (Bcf)(e)                                                                                                                                                      |   |                                       | 214.1    |   |                                |   | 200.5 |   |   |   | 602.1 |   |   |   | 602.3 |   |

| (a)  | Nine month 2010 amount includes a $0.4 million increase in revenues from certain measurement period adjustments related to the October 1, 2009 natural gas treating business acquisition.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|-----------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)  | Three and nine month 2010 amounts include unrealized losses of $1.6 million and $0.8 million, respectively, on derivative contracts used to hedge forecasted natural gas sales. Three and nine month 2009 amounts include decreases in income of $0.7 million and $4.5 million, respectively, resulting from unrealized mark to market gains and losses due to the discontinuance of hedge accounting at Casper Douglas. Beginning in the second quarter of 2008, the Casper and Douglas gas processing operations discontinued hedge accounting, and the last of the related derivative contracts expired in December 2009. Also, nine month 2010 and 2009 amounts include increases in segment earnings of $0.1 million and $0.2 million, respectively, resulting from valuation adjustments related to derivative contracts in place at the time of the Going Private transaction and recorded in the application of the purchase method of accounting.   |
| (c)  | Three and nine month 2009 amounts include $3.7 million gains from hurricane casualty indemnifications. Also, three and nine month 2010 amounts include $0.2 million and $ 0.7 million, respectively, decreases in segment earnings related to property disposal losses, which had been revalued as part of the Going Private transaction and recorded in the application of                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |

----

|      | the purchase method of accounting. Nine month 2009 amount includes a $1.1 million decrease in segment earnings related to assets sold, which had been revalued as part of the Going Private transaction and recorded in the application of the purchase method of accounting.                                   |
|-----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (d)  | Includes Kinder Morgan Interstate Gas Transmission LLC, Trailblazer Pipeline Company LLC, TransColorado Gas Transmission Company LLC, Rockies Express Pipeline LLC, Midcontinent Express Pipeline LLC, Kinder Morgan Louisiana Pipeline LLC and Texas intrastate natural gas pipeline group pipeline volumes.   |
| (e)       | Represents Texas intrastate natural gas pipeline group volumes.                                                                                                                                                                                                                                                           |

|                                             |   | EBDAincrease/(decrease)           |   |   | Revenuesincrease/(decrease) |   |
|--------------------------------------------------|--------|-----------------------------------|--------|--------|-----------------------------|--------|
|                                             |   | (In millions, except percentages) |   |
| Kinder Morgan Natural Gas Treating               |   | $                                 | 10.9   |   |                        |   | n/a |   |   | $ | 15.7 |   |   |   | n/a |   |
| Kinder Morgan Louisiana Pipeline                 |   |                              | 5.7    |   |                        |   | 62 | % |   |   | 8.4 |   |   |   | 100 | % |
| KinderHawk Field Services(a)                     |   |                              | 5.1    |   |                        |   | n/a |   |   |   | - |   |   |   | - |   |
| Midcontinent Express Pipeline(a)                 |   |                              | 1.1    |   |                        |   | 16 | % |   |   | - |   |   |   | - |   |
| Texas Intrastate Natural Gas Pipeline Group      |   |                              | (14.7  | )      |                        |   | (17 | )% |   |   | 270.5 |   |   |   | 36 | % |
| Rockies Express Pipeline(a)                      |   |                              | (14.3  | )      |                        |   | (41 | )% |   |   | - |   |   |   | - |   |
| Kinder Morgan Interstate Gas Transmission        |   |                              | (2.3   | )      |                        |   | (9 | )% |   |   | 9.4 |   |   |   | 22 | % |
| All others (including intrasegment eliminations) |   |                              | 2.6    |   |                        |   | 8 | % |   |   | 4.8 |   |   |   | 10 | % |
| Total Natural Gas Pipelines - KMP                |   | $                                 | (5.9   | )      |                        |   | (3 | )% |   | $ | 308.8 |   |   |   | 37 | % |

|                                             |   | EBDAincrease/(decrease)           |   |   | Revenuesincrease/(decrease) |   |
|--------------------------------------------------|--------|-----------------------------------|--------|--------|-----------------------------|--------|
|                                             |   | (In millions, except percentages) |   |
| Kinder Morgan Natural Gas Treating               |   | $                                 | 32.0   |   |                        |   | n/a |   |   | $ | 46.1 |   |   |   | n/a |   |
| Kinder Morgan Louisiana Pipeline                 |   |                              | 13.8   |   |                        |   | 49 | % |   |   | 42.4 |   |   |   | 501 | % |
| Midcontinent Express Pipeline(a)                 |   |                              | 13.2   |   |                        |   | 172 | % |   |   | - |   |   |   | - |   |
| KinderHawk Field Services(a)                     |   |                              | 6.8    |   |                        |   | n/a |   |   |   | - |   |   |   | - |   |
| Texas Intrastate Natural Gas Pipeline Group      |   |                              | (20.8  | )      |                        |   | (8 | )% |   |   | 544.7 |   |   |   | 22 | % |
| Rockies Express Pipeline(a)                      |   |                              | (12.1  | )      |                        |   | (16 | )% |   |   | - |   |   |   | - |   |
| Kinder Morgan Interstate Gas Transmission        |   |                              | (9.2   | )      |                        |   | (10 | )% |   |   | 3.6 |   |   |   | 3 | % |
| All others (including intrasegment eliminations) |   |                              | 8.1    |   |                        |   | 8 | % |   |   | 25.6 |   |   |   | 19 | % |
| Total Natural Gas Pipelines - KMP                |   | $                                 | 31.8   |   |                        |   | 6 | % |   | $ | 662.4 |   |   |   | 24 | % |

| (a) | Equity investments. KMP records earnings under the equity method of accounting, but it receives distributions in amounts essentially equal to equity earnings plus depreciation and amortization expenses less sustaining capital expenditures. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | ▪ | increases of $5.1 million and $6.8 million, respectively, due to incremental equity earnings from the 50%-owned KinderHawk Field Services LLC. KMP acquired its 50% ownership interest on May 21, 2010KinderHawk’s assets consist of more than 300 miles of pipeline currently in service, with projected throughput of approximately 800 million cubic feet per day of natural gas by the end of 2010.  Additionally, the system’s natural gas amine treating plants have a current capacity of approximately 2,135 gallons per minute. |
|--------|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   | KinderHawk has also received a dedication to transport and treat all of Petrohawk Energy Corporation’s operated Haynesville and Bossier shale gas production in northwest Louisiana for the life of the leases at agreed upon rates, as well as minimum volume commitments from Petrohawk for the first five years of the joint venture agreement.  It will also focus on providing transportation services to third-party producers; |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ▪ | increases of $1.1 million (16%) and $13.2 million (172%), respectively, due to incremental equity earnings from the 50%-owned Midcontinent Express natural gas pipeline system. The incremental earnings from the investment in Midcontinent Express were driven by the commencement and/or expansion of natural gas transportation service since the end of the third quarter of 2009. The Midcontinent Express system initiated interim natural gas transportation service for its Zone 1 on April 10, 2009, achieved full Zone 1 service on May 21, 2009 and achieved full Zone 2 service on August 1, 2009. In addition, in June 2010, Midcontinent Express completed two natural gas compression projects that increased Zone 1 capacity from 1.5 to 1.8 billion cubic feet per day, and Zone 2 capacity from 1.0 to 1.2 billion cubic feet per day. The incremental capacity is fully subscribed with ten-year binding shipper agreements; |
|--------|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ▪ | decreases of $14.7 million (17%) and $20.8 million (8%), respectively, from the Texas intrastate natural gas pipeline group. The overall decreases in earnings were driven by (i) decreases of $9.9 million and $13.0 million, respectively, from overall storage activities (primarily due to lower price spreads relative to 2009) and (ii) decreases of $2.5 million and $4.1 million, respectively, due to lower natural gas gains. For the comparable nine month periods, the overall decrease in earnings also included (i) a $6.0 million decrease in natural gas sales margins, largely attributable to higher costs of natural gas supplies relative to sales price; (ii) a $3.5 million decrease from lower interest income, due to a one-time natural gas loan to a single customer in 2009; and (iii) a $7.6 million increase in natural gas processing margins, due mainly to higher natural gas liquids prices relative to 2009; |
|--------|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ▪ | decreases of $14.3 million (41%) and $12.1 million (16%), respectively, from the 50%-owned Rockies Express pipeline system, primarily due to lower net income earned by Rockies Express Pipeline LLC in the third quarter of 2010.  The quarter-to-quarter decrease in Rockies Express’ 100% net income was mainly due to (i) a $14.2 million increase in interest expenses, due to the debt mix shifting to longer term maturities; (ii) a $14.1 million increase in depreciation and amortization expenses, due to a higher depreciable asset base; and (iii) a $26.6 million increase in property tax expenses, including an $11.7 million increase associated with a higher than expected assessment in the state of Ohio. |
|--------|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   | Partially offsetting the decreases in earnings described above were increases in earnings (primarily from incremental natural gas transportation revenues) in both the third quarter and first nine months of 2010 related to the completion and start-up of the Rockies Express-East pipeline segment, which began initial pipeline service on June 29, 2009 and began full operations on November 12, 2009. KMP’s operating results for the first nine months of 2010 also were negatively impacted, however, by a portion of the Rockies Express-East pipeline segment being shutdown due to a pipeline girth weld failure that occurred on November 14, 2009. Partial service was restored on January 27, 2010, and full service was restored on February 6, 2010. The shutdown cost KMP approximately $15 million in demand charge credits in the first quarter of 2010; and |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ▪ | decreases of $2.3 million (9%) and $9.2 million (10%), respectively, from the Kinder Morgan Interstate Gas Transmission pipeline system—due largely to lower margins on operational sales of natural gas (due mainly to lower average natural gas prices in 2010), lower pipeline net fuel recoveries and lower earnings from short-term natural gas balancing services. |
|--------|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                                                                                        |   | Three Months EndedSeptember 30,            |   |   | Nine Months EndedSeptember 30, |   |
|-----------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------|--------|--------|--------------------------------|--------|
|                                                                                                                        |   | 2010                                       |   |   | 2009                           |   |   | 2010 |   |   | 2009 |   |
|                                                                                                                        |   | (In millions, except operating statistics) |   |
| Revenues(a)                                                                                                                 |   | $                                          | 309.1  |   |                           | $      | 286.1 |   |   | $ | 972.2 |   |   | $ | 821.7 |   |
| Operating expenses                                                                                                          |   |                                       | (78.2  | )      |                           |   | (72.5 | ) |   |   | (229.9 | ) |   |   | (198.4 | ) |
| Earnings from equity investments                                                                                            |   |                                       | 4.7    |   |                           |   | 5.5 |   |   |   | 17.7 |   |   |   | 16.4 |   |
| Interest income and Other, net-income (expense)                                                                             |   |                                       | -      |   |                           |   | (1.2 | ) |   |   | 1.9 |   |   |   | (1.2 | ) |
| Income tax benefit (expense)                                                                                                |   |                                       | (1.0   | )      |                           |   | (0.9 | ) |   |   | 2.0 |   |   |   | (2.9 | ) |
| Earnings before depreciation, depletion and amortization expense and amortization of excess cost of equity investments |   | $                                          | 234.6  |   |                           | $      | 217.0 |   |   | $ | 763.9 |   |   | $ | 635.6 |   |
|                                                                                                                        |   |                                       |   |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Carbon dioxide delivery volumes (Bcf)(b)                                                                                    |   |                                       | 175.6  |   |                           |   | 178.3 |   |   |   | 558.2 |   |   |   | 579.7 |   |
| SACROC oil production (gross)(MBbl/d)(c)                                                                                    |   |                                       | 29.0   |   |                           |   | 29.6 |   |   |   | 29.4 |   |   |   | 30.2 |   |
| SACROC oil production (net)(MBbl/d)(d)                                                                                      |   |                                       | 24.2   |   |                           |   | 24.7 |   |   |   | 24.5 |   |   |   | 25.2 |   |
| Yates oil production (gross)(MBbl/d)(c)                                                                                     |   |                                       | 23.2   |   |                           |   | 26.4 |   |   |   | 24.4 |   |   |   | 26.6 |   |
| Yates oil production (net)(MBbl/d)(d)                                                                                       |   |                                       | 10.3   |   |                           |   | 11.7 |   |   |   | 10.8 |   |   |   | 11.8 |   |
| Natural gas liquids sales volumes (net)(MBbl/d)(d)                                                                          |   |                                       | 10.0   |   |                           |   | 9.5 |   |   |   | 9.9 |   |   |   | 9.3 |   |
| Realized weighted average oil price per Bbl(e)(f)                                                                           |   | $                                          | 59.54  |   |                           | $      | 51.42 |   |   | $ | 59.88 |   |   | $ | 48.27 |   |
| Realized weighted average natural gas liquids price per Bbl(f)(g)                                                           |   | $                                          | 46.73  |   |                           | $      | 40.28 |   |   | $ | 50.06 |   |   | $ | 34.31 |   |

| (a) | Three and nine month 2010 amounts include unrealized losses (from decreases in revenues) of $7.9 million and unrealized gains (from increases in revenues) of $5.4 million, respectively, on derivative contracts used to hedge forecasted crude oil sales. Three and nine month 2009 amounts include unrealized losses (from decreases in revenues) of $5.4 million on derivative contracts used to hedge forecasted crude oil sales. Also, amounts include increases in segment earnings resulting from valuation adjustments of $13.1 million and $23.8 million, respectively, for the three months ended September 30, 2010 and 2009, and $39.8 million and $72.3 million, respectively, for the nine months ended September 30, 2010 and 2009, primarily related to derivative contracts in place at the time of the Going Private transaction and recorded in the application of the purchase method of accounting.   |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b) | Includes Cortez, Central Basin, Canyon Reef Carriers, Centerline and Pecos pipeline volumes.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| (c) | Represents 100% of the production from the field. KMP owns an approximately 97% working interest in the SACROC unit and an approximately 50% working interest in the Yates unit.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| (d) | Net to KMP, after royalties and outside working interests.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| (e) | Includes all of KMP’s crude oil production properties.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| (f) | Hedge gains/losses for crude oil and natural gas liquids are included with crude oil.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| (g) | Includes production attributable to leasehold ownership and production attributable to KMP’s ownership in processing plants and third party processing agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |

----

|                                |   | EBDAincrease/(decrease)           |   |   | Revenuesincrease/(decrease) |   |
|-------------------------------------|--------|-----------------------------------|--------|--------|-----------------------------|--------|
|                                |   | (In millions, except percentages) |   |
| Oil and Gas Producing Activities    |   | $                                 | 19.7   |   |                        |   | 13 | % |   | $ | 26.5 |   |   |   | 12 | % |
| Sales and Transportation Activities |   |                              | 11.1   |   |                        |   | 22 | % |   |   | 12.0 |   |   |   | 20 | % |
| Intrasegment eliminations           |   |                              | -      |   |                        |   | - |   |   |   | (2.3 | ) |   |   | (22 | )% |
| Total CO2–KMP                 |   | $                                 | 30.8   |   |                        |   | 16 | % |   | $ | 36.2 |   |   |   | 14 | % |

|                                |   | EBDAincrease/(decrease)           |   |   | Revenuesincrease/(decrease) |   |
|-------------------------------------|--------|-----------------------------------|--------|--------|-----------------------------|--------|
|                                |   | (In millions, except percentages) |   |
| Oil and Gas Producing Activities    |   | $                                 | 115.0  |   |                        |   | 28 | % |   | $ | 145.9 |   |   |   | 24 | % |
| Sales and Transportation Activities |   |                              | 35.0   |   |                        |   | 22 | % |   |   | 31.6 |   |   |   | 17 | % |
| Intrasegment eliminations           |   |                              | -      |   |                        |   | - |   |   |   | (5.3 | ) |   |   | (16 | )% |
| Total CO2  - KMP          |   | $                                 | 150.0  |   |                        |   | 26 | % |   | $ | 172.2 |   |   |   | 23 | % |

|   | ▪ | increases of $24.6 million (12%) and $138.4 million (24%), respectively, in combined crude oil and natural gas plant products sales revenues, due largely to increases of 16% and 24%, respectively, in the realized weighted average price per barrel of crude oil, and increases of 16% and 46%, respectively, in the realized weighted average price per barrel of natural gas liquids. KMP also benefitted from increases in natural gas liquids sales volumes of 5% in the third quarter of 2010 and 6% in the first nine months of 2010, when compared to the same periods a year ago. Overall operating revenues were somewhat offset by a decrease in crude oil sales volumes of 5% in both the third quarter and first nine months of 2010; |
|--------|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ▪ | increases of $1.9 million (24%) and $7.5 million (38%), respectively, in other revenues, driven by higher net profits interest revenues in 2010 from KMP’s 28% net profits interest in the Snyder, Texas natural gas processing plant, due to higher natural gas liquid production; and |
|--------|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ▪ | decreases of $6.8 million (9%) and $32.8 million (17%), respectively, due to higher operating expenses driven by (i) increases in tax expenses, other than income tax expenses, resulting primarily from reductions in severance tax expense in the first nine months of 2009 related to prior year overpayments and (ii) for the comparable nine month periods, higher operating and maintenance expenses resulting from increased natural gas processing volumes in 2010. |
|--------|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|                                                                                                                                                                          |   | Three Months EndedSeptember 30,  |   |   | Nine Months EndedSeptember 30, |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------|--------|--------|-------------------------------------|--------|
|                                                                                                                                                                          |   | 2010                                       |   |   | 2009                                |   |   | 2010 |   |   | 2009 |   |
|                                                                                                                                                                          |   | (In millions, except operating statistics) |   |
| Revenues                                                                                                                                                                      |   | $                                          | 321.5  |   |                                | $      | 283.0 |   |   | $ | 946.1 |   |   | $ | 814.9 |   |
| Operating expenses(a)                                                                                                                                                         |   |                                       | (163.7 | )      |                                |   | (137.6 | ) |   |   | (480.3 | ) |   |   | (395.1 | ) |
| Other income (expense)(b)                                                                                                                                                     |   |                                       | (0.1   | )      |                                |   | 10.5 |   |   |   | 9.7 |   |   |   | 11.8 |   |
| Earnings from equity investments                                                                                                                                              |   |                                       | 0.7    |   |                                |   | 0.2 |   |   |   | 1.3 |   |   |   | 0.3 |   |
| Interest income and Other, net-income                                                                                                                                         |   |                                       | 2.8    |   |                                |   | 1.3 |   |   |   | 3.2 |   |   |   | 2.4 |   |
| Income tax expense(c)                                                                                                                                                         |   |                                       | (2.0   | )      |                                |   | (2.4 | ) |   |   | (5.5 | ) |   |   | (4.0 | ) |
| Earnings before depreciation, depletion and amortization expense and amortization of excess cost of equity investments |   | $                                          | 159.2  |   |                                | $      | 155.0 |   |   | $ | 474.5 |   |   | $ | 430.3 |   |
|                                                                                                                                                                          |   |                                       |   |   |                                |   |   |   |   |   |   |   |   |   |   |   |
| Bulk transload tonnage (MMtons)(d)                                                                                                                                            |   |                                       | 24.4   |   |                                |   | 22.8 |   |   |   | 71.0 |   |   |   | 61.8 |   |
| Ethanol (MMBbl)                                                                                                                                                               |   |                                       | 14.1   |   |                                |   | 8.1 |   |   |   | 44.1 |   |   |   | 24.7 |   |
| Liquids leaseable capacity (MMBbl)                                                                                                                                            |   |                                       | 58.2   |   |                                |   | 55.6 |   |   |   | 58.2 |   |   |   | 55.6 |   |
| Liquids utilization %                                                                                                                                                         |   |                                       | 96.2   | %      |                                |   | 96.7 | % |   |   | 96.2 | % |   |   | 96.7 | % |

| (a)  | Three and nine month 2010 amounts include a $5.0 million increase in expense from casualty insurance deductibles and a $0.2 million decrease in expense from certain measurement period adjustments related to KMP’s March 5, 2010 Slay Industries terminal acquisition. Nine month 2010 amount also includes a $0.6 million increase in expense related to storm and flood clean-up and repair activities. Nine month 2009 amounts include a $0.5 million decrease in expense associated with legal liability adjustments related to a litigation matter involving the Staten Island liquids terminal, and a $0.1 million increase in expense associated with environmental liability adjustments.   |
|-----------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)  | Nine month 2010 amount includes a $6.7 million casualty indemnification gain related to a 2008 fire at the Pasadena, Texas liquids terminal. Three and nine month 2009 amounts include gains of $11.3 million from hurricane and fire casualty indemnifications. Also, nine month 2010, and three and nine month 2009 amounts include $0.7 million, $0.2 million and $2.5 million, respectively, decreases in segment earnings related to assets sold, which had been revalued as part of the Going Private transaction and recorded in the application of the purchase method of accounting.                                                                                                               |
| (c)       | Three and nine month 2009 amounts include a $0.1 million increase in expense related to hurricane casualty gains.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| (d)       | Volumes for acquired terminals are included for all periods.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |

----

|                                                                                 |   | EBDAincrease/(decrease)           |   |   | Revenuesincrease/(decrease) |   |
|--------------------------------------------------------------------------------------|--------|-----------------------------------|--------|--------|-----------------------------|--------|
|                                                                                 |   | (In millions, except percentages) |   |
| Gulf Coast                                                                           |   | $                                 | 8.1    |   |                        |   | 22 | % |   | $ | 7.7 |   |   |   | 16 | % |
| West                                                                                 |   |                              | 1.9    |   |                        |   | 13 | % |   |   | 4.3 |   |   |   | 18 | % |
| Texas Petcoke                                                                        |   |                              | 1.4    |   |                        |   | 8 | % |   |   | 3.1 |   |   |   | 8 | % |
| Mid River                                                                            |   |                              | 0.7    |   |                        |   | 14 | % |   |   | 3.6 |   |   |   | 22 | % |
| Ohio Valley                                                                          |   |                              | 0.3    |   |                        |   | 5 | % |   |   | 2.0 |   |   |   | 13 | % |
| Southeast                                                                            |   |                              | 0.3    |   |                        |   | 3 | % |   |   | 1.1 |   |   |   | 4 | % |
| Lower River (Louisiana)                                                              |   |                              | 0.1    |   |                        |   | - |   |   |   | 3.4 |   |   |   | 15 | % |
| Midwest                                                                              |   |                              | (0.9   | )      |                        |   | (7 | )% |   |   | 0.5 |   |   |   | 2 | % |
| All others (including intrasegment eliminations and unallocated income tax expenses) |   |                              | (0.2   | )      |                        |   | - |   |   |   | (2.9 | ) |   |   | (4 | )% |
| Total Terminals -KMP                                                                 |   | $                                 | 11.7   |   |                        |   | 8 | % |   | $ | 22.8 |   |   |   | 8 | % |

|                                                                                 |   | EBDAincrease/(decrease)           |   |   | Revenuesincrease/(decrease) |   |
|--------------------------------------------------------------------------------------|--------|-----------------------------------|--------|--------|-----------------------------|--------|
|                                                                                 |   | (In millions, except percentages) |   |
| West                                                                                 |   | $                                 | 12.4   |   |                        |   | 36 | % |   | $ | 26.0 |   |   |   | 43 | % |
| Gulf Coast                                                                           |   |                              | 12.0   |   |                        |   | 11 | % |   |   | 14.1 |   |   |   | 10 | % |
| Mid River                                                                            |   |                              | 6.4    |   |                        |   | 50 | % |   |   | 19.2 |   |   |   | 47 | % |
| Southeast                                                                            |   |                              | 4.8    |   |                        |   | 15 | % |   |   | 9.7 |   |   |   | 14 | % |
| Ohio Valley                                                                          |   |                              | 3.3    |   |                        |   | 26 | % |   |   | 8.5 |   |   |   | 20 | % |
| Lower River (Louisiana)                                                              |   |                              | (2.9   | )      |                        |   | (8 | )% |   |   | 6.5 |   |   |   | 9 | % |
| Midwest                                                                              |   |                              | (2.1   | )      |                        |   | (6 | )% |   |   | 1.9 |   |   |   | 3 | % |
| Texas Petcoke                                                                        |   |                              | (2.0   | )      |                        |   | (4 | )% |   |   | 2.8 |   |   |   | 3 | % |
| All others (including intrasegment eliminations and unallocated income tax expenses) |   |                              | (2.3   | )      |                        |   | (2 | )% |   |   | (4.9 | ) |   |   | (2 | )% |
| Total Terminals - KMP                                                                |   | $                                 | 29.6   |   |                        |   | 7 | % |   | $ | 83.8 |   |   |   | 10 | % |

----

|                                                                                                                                                 |   | Three Months EndedSeptember 30,  |   |   | Nine Months EndedSeptember 30, |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------|--------|--------|-------------------------------------|--------|
|                                                                                                                                                 |   | 2010                                       |   |   | 2009                                |   |   | 2010 |   |   | 2009 |   |
|                                                                                                                                                 |   | (In millions, except operating statistics) |   |
| Revenues                                                                                                                                             |   | $                                          | 67.5   |   |                                | $      | 60.1 |   |   | $ | 197.9 |   |   | $ | 166.1 |   |
| Operating expenses                                                                                                                                   |   |                                       | (23.6  | )      |                                |   | (19.1 | ) |   |   | (66.8 | ) |   |   | (52.4 | ) |
| Losses from equity investments                                                                                                                       |   |                                       | (1.3   | )      |                                |   | (1.1 | ) |   |   | (1.5 | ) |   |   | (1.4 | ) |
| Interest income and Other, net-income                                                                                                                |   |                                       | 4.7    |   |                                |   | 10.3 |   |   |   | 12.3 |   |   |   | 19.2 |   |
| Income tax expense(a)                                                                                                                                |   |                                       | (3.3   | )      |                                |   | (2.5 | ) |   |   | (9.0 | ) |   |   | (17.6 | ) |
| Earnings before depreciation, depletion and amortization expense and amortization of excess cost of equity investments |   | $                                          | 44.0   |   |                                | $      | 47.7 |   |   | $ | 132.9 |   |   | $ | 113.9 |   |
|                                                                                                                                                 |   |                                       |   |   |                                |   |   |   |   |   |   |   |   |   |   |   |
| Transport volumes (MMBbl)(b)                                                                                                                         |   |                                       | 27.2   |   |                                |   | 28.1 |   |   |   | 79.3 |   |   |   | 75.0 |   |

| (a)  | Nine month 2009 amount includes both a $14.9 million increase in expense primarily due to certain non-cash regulatory accounting adjustments to Trans Mountain’s carrying amount of the previously established deferred tax liability, and a $3.7 million decrease in expense due to a certain non-cash accounting adjustment related to book tax accruals made by the Express pipeline system.   |
|-----------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)       | Represents Trans Mountain pipeline system volumes.                                                                                                                                                                                                                                                                                                                                                                |

|                                 |   | EBDAincrease/(decrease)           |   |   | Revenuesincrease/(decrease) |   |
|--------------------------------------|--------|-----------------------------------|--------|--------|-----------------------------|--------|
|                                 |   | (In millions, except percentages) |   |
| Trans Mountain Pipeline              |   | $                                 | (2.7   | )      |                        |   | (6 | )% |   | $ | 7.0 |   |   |   | 12 | % |
| Jet Fuel Pipeline                    |   |                              | (0.6   | )      |                        |   | (34 | )% |   |   | 0.4 |   |   |   | 43 | % |
| Express Pipeline                     |   |                              | (0.4   | )      |                        |   | (18 | )% |   |   | - |   |   |   | - |   |
| Total Kinder Morgan Canada–KMP |   | $                                 | (3.7   | )      |                        |   | (8 | )% |   | $ | 7.4 |   |   |   | 12 | % |

|                                 |   | EBDAincrease/(decrease)           |   |   | Revenuesincrease/(decrease) |   |
|--------------------------------------|--------|-----------------------------------|--------|--------|-----------------------------|--------|
|                                 |   | (In millions, except percentages) |   |
| Trans Mountain Pipeline              |   | $                                 | 7.4    |   |                        |   | 6 | % |   | $ | 30.0 |   |   |   | 18 | % |
| Express Pipeline                     |   |                              | 0.9    |   |                        |   | 12 | % |   |   | - |   |   |   | - |   |
| Jet Fuel Pipeline                    |   |                              | (0.5   | )      |                        |   | (15 | )% |   |   | 1.8 |   |   |   | 70 | % |
| Total Kinder Morgan Canada–KMP |   | $                                 | 7.8    |   |                        |   | 6 | % |   | $ | 31.8 |   |   |   | 19 | % |

----

|                                       |   | Three Months EndedSeptember 30, |   |   | Nine Months EndedSeptember 30, |   |
|--------------------------------------------|--------|-------------------------------------------|--------|--------|-------------------------------------|--------|
|                                       |   | 2010                                      |   |   | 2009                                |   |   | 2010 |   |   | 2009 |   |
|                                       |   | (In millions)                             |   |
| Earnings (loss) from equity investments(a) |   | $                                         | 6.2    |   |                                | $      | 9.0 |   |   | $ | (405.0 | ) |   | $ | 31.4 |   |

| (a) | Nine months ended September 30, 2010 amount includes a non-cash investment impairment charge of $430.0 million; see Note 2 of our consolidated financial statements included elsewhere in this report. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                               | Three Months EndedSeptember 30, |   | Nine Months EndedSeptember 30, |   |
|----------------------------------------------------|-------------------------------------------|--------|-------------------------------------|--------|
|                                               | 2010                                      |   | 2009                                |   | 2010 |   | 2009 |   |
|                                               | (In millions)                             |   |
| Revenues(a)                                        |                                      | $      | 3.3                                 |   |   | $ | 16.3 |   |   | $ | 8.9 |   |   | $ | 35.3 |   |
| Operating expenses and noncontrolling interests(a) |                                      |   | (1.9                                | )      |   |   | (14.9 | ) |   |   | (5.1 | ) |   |   | (31.5 | ) |
| Segment earnings before DD&A                   |                                      | $      | 1.4                                 |   |   | $ | 1.4 |   |   | $ | 3.8 |   |   | $ | 3.8 |   |

| (a) | Upon the adoption of Accounting Standards Update No. 2009-17, which amended the codification’s “Consolidation” topic, on January 1, 2010, Triton Power Company LLC is no longer consolidated into our financial statements, but is treated as an equity investment. This resulted in decreases to 2010 revenues, operating expenses and noncontrolling interests with no impact to segment earnings before DD&A as compared to 2009. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                                |   | Three Months EndedSeptember 30, |   |   | Nine Months EndedSeptember 30, |   |
|---------------------------------------------------------------------|--------|-------------------------------------------|--------|--------|-------------------------------------|--------|
|                                                                |   | 2010                                      |   |   | 2009                                |   |   | 2010 |   |   | 2009 |   |
|                                                                |   | (In millions)                             |   |
| Kinder Morgan, Inc. general and administrative expense(a)(b)        |   | $                                         | 214.6  |   |                                | $      | 8.5 |   |   | $ | 240.6 |   |   | $ | 30.4 |   |
| Kinder Morgan Energy Partners general and administrative expense(c) |   |                                      | 93.6   |   |                                |   | 83.7 |   |   |   | 288.1 |   |   |   | 238.8 |   |
| Consolidated general and administrative expense                     |   | $                                         | 308.2  |   |                                | $      | 92.2 |   |   | $ | 528.7 |   |   | $ | 269.2 |   |
|                                                                |   |                                      |   |   |                                |   |   |   |   |   |   |   |   |   |   |   |
| Interest expense, net(d)                                            |   | $                                         | 168.9  |   |                                | $      | 140.1 |   |   | $ | 475.9 |   |   | $ | 421.4 |   |
| Other, net(e)                                                       |   |                                      | 4.8    |   |                                |   | (4.3 | ) |   |   | 16.7 |   |   |   | 3.8 |   |
| Unallocable interest expense and other, net                         |   | $                                         | 173.7  |   |                                | $      | 135.8 |   |   | $ | 492.6 |   |   | $ | 425.2 |   |
|                                                                |   |                                      |   |   |                                |   |   |   |   |   |   |   |   |   |   |   |
| Net income attributable to noncontrolling interests                 |   | $                                         | 42.0   |   |                                | $      | 106.6 |   |   | $ | 237.3 |   |   | $ | 215.5 |   |

| (a)       | 2010 amounts include $200 million Going Private transaction litigation settlement; see Note 11 of our consolidated financial statements included elsewhere in this report.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|-----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)       | For the nine months ended September 30, 2010 and 2009, our NGPL PipeCo LLC fixed fee revenue of $35.5 million and $34.4 million, respectively, has been recorded to the “Product sales and other” caption in our accompanying consolidated statements of income with the offsetting expenses primarily recorded to the “General and administrative” expense caption in our accompanying consolidated statements of income. Also, see Note 9 to our accompanying consolidated financial statements included elsewhere in this report.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| (c)  | Includes such items as salaries and employee-related expenses, payroll taxes, insurance, office supplies and rentals, unallocated litigation and environmental expenses, and shared corporate services.  Three and nine month 2010 amounts include increases in expense of $1.1 million and $3.5 million, respectively, for certain KMP asset and business acquisition costs.  Nine month 2010 amount also includes an increase in KMP legal expense of $1.6 million associated with certain items such as legal settlements and pipeline failures, and a decrease in expense of $0.2 million related to KMP capitalized overhead costs associated with the 2008 hurricane season.  Three and nine month 2009 amounts include (i) increases in expense of $0.5 million and $0.6 million, respectively, for certain KMP asset and business acquisition costs that were capitalized under prior accounting standards and (ii) decreases in expense of $0.9 million and $2.4 million, respectively, from KMP capitalized overhead costs associated with the 2008 hurricane season.   |
| (d)       | Three and nine month 2010 amounts include increases in imputed interest expense of $0.2 million and $0.8 million, respectively, and three and nine month 2009 amounts include increases in imputed interest expense of $0.4 million and $1.2 million, respectively, all related to KMP’s January 1, 2007 Cochin Pipeline acquisition.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| (e)       | “Other, net” primarily represents offset to interest income shown above and included in segment earnings.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |

----

----

----

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|                                                                                          |   | At September 30, 2010     |   |
|-----------------------------------------------------------------------------------------------|--------|---------------------------|--------|
|                                                                                          |   | Short-termdebtoutstanding |   |   | Availableborrowingcapacity |   |
|                                                                                          |   | (In millions)             |   |
| Credit Facilities                                                                             |   |                      |   |   |   |   |
| Kinder Morgan, Inc.                                                                           |   |                      |   |   |   |   |
| $1.0 billion, six-year secured revolver, due May 2013                                         |   | $                         | 293.3  |   |   | $ | 629.3 |   |
|                                                                                     |   |                      |   |   |   |   |   |   |
| KMP                                                                                           |   |                      |   |   |   |   |   |   |
| $2.0 billion, three-year unsecured revolver, due June 2013 |   | $                         | 414.8  |   |   | $ | 1,363.1 |   |

----

|                                                 |   | Nine Months EndedSeptember 30, |     |   |   |   |
|------------------------------------------------------|--------|-------------------------------------|----------|--------|--------|--------|
|                                                 |   | 2010                                |     |   | 2009   |   |   | Increase(Decrease) |   |
|                                                 |   | (In millions)                       |     |
| Net cash provided by (used in):                      |   |                                |     |   |   |   |   |   |   |
| Operating activities                                 |   | $                                   | 1,218.5  |   |   | $      | 918.8 |   |   | $ | 299.7 |   |
| Investing activities                                 |   |                                | (1,898.8 | )      |   |   | (2,641.3 | ) |   |   | 742.5 |   |
| Financing activities                                 |   |                                | 710.3    |   |   |   | 1,825.0 |   |   |   | (1,114.7 | ) |
|                                                 |   |                                |     |   |   |   |   |   |   |   |   |   |
| Effect of exchange rate changes on cash              |   |                                | 1.0      |   |   |   | 5.0 |   |   |   | (4.0 | ) |
|                                                 |   |                                |     |   |   |   |   |   |   |   |   |   |
| Net (decrease) increase in cash and cash equivalents |   | $                                   | 31.0     |   |   | $      | 107.5 |   |   | $ | (76.5 | ) |

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|   | ▪ | a $496.6 million increase in cash inflows relative to net changes in working capital items, primarily due to (i) a $174.0 million decrease in cash used for income tax payments, net of refunds, (ii) a $217.8 million increase in cash from the collection and payment of trade and related party receivables and payables (including collections and payments on natural gas transportation and exchange imbalance receivables and payables), due primarily to the timing of invoices received from customers and paid to vendors and suppliers, (iii) a $45.8 million increase in cash from higher payments in the first nine months of 2009 for natural gas storage on KMP’s Kinder Morgan Texas Pipeline system and (iv) a $27.5 million increase in cash from higher payments in the first nine months of 2009 for the settlement of certain refined products imbalance liabilities owed to U.S. military customers of the Products Pipelines—KMP business segment, partially offset by a $51.2 million increase in cash used due to higher interest payments (net of interest collections) in 2010, due to higher average borrowings (partially offset by lower average interest rates) relative to the first nine months a year ago; |
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|   | ▪ | a $147.6 million increase in cash from overall higher net income after adjusting for non-cash items, including (i) a $430.0 million impairment charge on our investment in NGPL PipeCo LLC, (ii) a $200.0 million expense related to a Going Private transaction litigation reserve adjustment and (iii) a $158.0 million expense related to KMP rate case liability adjustments, all recorded in the first nine months of 2010.  The period-to-period change in net income from our seven reportable business segments in the first nine months of 2010 versus the first nine months of 2009 is discussed above in “—Results of Operations” (including all of the certain items disclosed in the associated table footnotes); |
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|   | ▪ | a $190.8 million decrease in cash attributable to higher payments made in 2010 for transportation rate settlements, refunds and reparations made pursuant to certain legal settlements reached with various shippers on KMP’s Pacific operations’ refined products pipelines.  In May 2010, KMP paid $206.3 million to eleven of twelve shippers regarding the settlement of various transportation rate challenges filed with the FERC dating back as early as 1992.  In May 2009, KMP made refund and settlement payments totaling $15.5 million to various shippers in connection with certain East Line rate settlement agreements; and |
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|   | ▪ | a $144.4 million decrease in cash from an interest rate swap termination payment KMP received in January 2009, when it terminated a fixed-to-variable interest rate swap agreement. |
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|   | ▪ | a $1,409.3 million decrease in cash used due to lower contributions to investments in the first nine months of 2010.  In the first nine months of 2009, KMP contributed a combined $1,610.3 million to Rockies Express Pipeline LLC, Midcontinent Express Pipeline LLC, and Fayetteville Express Pipeline LLC to partially fund its respective share of Rockies Express, Midcontinent Express, and Fayetteville Express pipeline system construction and/or pre-construction costs; |
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|   | ▪ | a $349.6 million decrease in cash used for capital expenditures—largely due to the higher investment undertaken in the first nine months of 2009 to construct KMP’s Kinder Morgan Louisiana Pipeline and to expand and improve the Terminals-KMP business segment; |
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|   | ▪ | a $172.0 million increase in cash due to higher capital distributions (distributions in excess of cumulative earnings) received in the first nine months of 2010, primarily related to distributions received from KMP’s equity investments in Rockies Express Pipeline LLC and Midcontinent Express Pipeline LLC, and from our equity investment in NGPL PipeCo LLC; |
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|   | ▪ | a $72.3 million increase in cash due to lower period-to-period payments for margin and restricted deposits associated with energy commodity cash flow hedging activities in the first nine months of 2010; |
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|   | ▪ | a combined $1,145.3 million increase in cash used for the acquisition of assets and investments in the first nine months of 2010.  In 2010, our cash outlays for strategic business acquisitions, through our subsidiary KMP, totaled $1,172.8 million, primarily consisting of: (i) $921.4 million for a 50% equity ownership interest |
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|   |   | in Petrohawk Energy Corporation’s natural gas gathering and treating business, (ii) $114.3 million for three unit train ethanol handling terminals acquired from US Development Group LLC in January 2010 and (iii) $97.0 million for terminal assets and investments acquired from Slay Industries in March 2010.  Each of these 2010 acquisitions is discussed further in Note 2 “Investments, Acquisitions, Joint Ventures and Divestitures” in our consolidated financial statements included elsewhere in this report. In the first nine months of 2009, our cash payments for acquired assets, through our subsidiary KMP, totaled $27.5 million, including $18.0 million for the acquisition of certain marine vessels from Megafleet Towing Co., Inc.; |
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|   | ▪ | a $109.6 million decrease in cash due to the full repayment received in the first nine months of 2009 of a loan KMP made in December 2008 to a single customer of its Texas intrastate natural gas pipeline group; and |
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|   | ▪ | a $17.5 million increase in cash used resulting from the deconsolidation of Triton Power Company LLC from our consolidated financial statements upon the adoption of Accounting Standards Update No. 2009-17, which amended the codification’s “Consolidation” topic, on January 1, 2010.  Triton Power Company LLC is now treated as an equity investment (see Note 13 to our consolidated financial statements included elsewhere in this report). |
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|   | ▪ | a $669.1 million period-to-period decrease in cash from overall debt financing activities—which include issuances and payments of debt and debt issuance costs.  The decrease in cash from overall debt financing activities was primarily due to a $737.6 million decrease in cash from changes in KMP’s senior notes outstanding. In May 2010, KMP received $993.1 million, after underwriting discounts and commissions, from the issuance of an aggregate $1 billion in principal amount of senior notes in two separate series (discussed in Note 4 “Debt—Senior Notes” in our consolidated financial statements included elsewhere in this report) and in the first nine months of 2009, KMP received a combined $1,730.7 million from both issuing and repaying senior notes. The period-to-period decrease in cash was partially offset by a $81.1 million increase in net borrowings under Kinder Morgan Inc.’s bank credit facility. |
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|   |   | In 2009, KMP both repaid $250 million of senior notes that matured on February 1, 2009, and completed offerings for an aggregate $2.0 billion in principal amount of senior notes.  KMP used the proceeds from its long-term offering of its senior notes in both 2010 and 2009 to reduce the borrowings under both its commercial paper program and its bank credit facility; |
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|   | ▪ | a $178.9 million decrease in cash provided by noncontrolling interest contributions primarily reflecting the $636.6 million in combined proceeds received by KMP, after commissions and underwriting expenses, from the sales of its common units in the first nine months of 2010 (discussed in Note 5 “Stockholders’ Equity—KMP’s Common Units” in our consolidated financial statements included elsewhere in this report), versus the $815.5 million KMP received in the first nine months of 2009; |
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|   | ▪ | a $200.0 million increase in cash used to pay dividends; and |
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|   | ▪ | a $72.2 million increase in cash used for noncontrolling interest distributions, primarily due to an increase in KMP’s cash distributions to its common unit owners. |
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|   | • | price trends and overall demand for natural gas liquids, refined petroleum products, oil, carbon dioxide, natural gas, electricity, coal, steel and other bulk materials and chemicals in North America; |
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|   | • | economic activity, weather, alternative energy sources, conservation and technological advances that may affect price trends and demand; |
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|   | • | changes in tariff rates charged by NGPL or those of KMP’s pipeline subsidiaries implemented by the Federal Energy Regulatory Commission, or other regulatory agencies or the California Public Utilities Commission or other regulatory agencies; |
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|   | • | our ability to acquire new businesses and assets and integrate those operations into our existing operations, as well as our ability to expand our facilities; |
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|   | • | difficulties or delays experienced by railroads, barges, trucks, ships or pipelines in delivering products to or from KMP’s terminals or pipelines; |
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|   | • | our ability to successfully identify and close acquisitions and make cost-saving changes in operations; |
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|   | • | shut-downs or cutbacks at major refineries, petrochemical or chemical plants, ports, utilities, military bases or other businesses that use our services or provide services or products to us; |
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|   | • | changes in crude oil and natural gas production from exploration and production areas that we or KMP serve, such as the Permian Basin area of West Texas, the U.S. Rocky Mountains and the Alberta, Canada oil sands; |
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|   | • | changes in laws or regulations, third-party relations and approvals, and decisions of courts, regulators and governmental bodies that may adversely affect our business or ability to compete; |
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|   | • | changes in accounting pronouncements that impact the measurement of our results of operations, the timing of when such measurements are to be made and recorded, and the disclosures surrounding these activities; |
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|   | • | our ability to offer and sell equity securities, and KMP’s ability to offer and sell equity securities and its ability to sell debt securities or obtain debt financing in sufficient amounts to implement that portion of our or KMP’s business plans that contemplates growth through acquisitions of operating businesses and assets and expansions of facilities; |
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|   | • | our indebtedness, which could make us vulnerable to general adverse economic and industry conditions, limit our ability to borrow additional funds and/or place us at competitive disadvantages compared to our competitors that have less debt or have other adverse consequences; |
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|   | • | interruptions of electric power supply to our facilities due to natural disasters, power shortages, strikes, riots, terrorism, war or other causes; |
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|   | • | our ability to obtain insurance coverage without significant levels of self-retention of risk; |
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|   | • | acts of nature, sabotage, terrorism or other similar acts causing damage greater than our insurance coverage limits; |
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|   | • | capital and credit markets conditions, inflation and interest rates; |
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|   | • | the political and economic stability of the oil producing nations of the world; |
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|   | • | national, international, regional and local economic, competitive and regulatory conditions and developments; |
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|   | • | our ability to achieve cost savings and revenue growth; |
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|   | • | foreign exchange fluctuations; |
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|   | • | the timing and extent of changes in commodity prices for oil, natural gas, electricity and certain agricultural products; |
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|   | • | the extent of KMP’s success in discovering, developing and producing oil and gas reserves, including the risks inherent in exploration and development drilling, well completion and other development activities; |
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|   | • | engineering and mechanical or technological difficulties that KMP may experience with operational equipment, in well completions and workovers, and in drilling new wells; |
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|   | • | the uncertainty inherent in estimating future oil and natural gas production or reserves that KMP may experience; |
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|   | • | the ability to complete expansion projects on time and on budget; |
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|   | • | the timing and success of KMP’s and our business development efforts; and |
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|   | • | unfavorable results of litigation and the fruition of contingencies referred to in Note 11 to our consolidated financial statements included elsewhere in this report. |
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|   | ▪ | significantly increase the cost of derivative contracts (including requirements to post collateral which could adversely affect our available liquidity); |
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|   | ▪ | reduce the availability of derivatives to protect against risks we encounter; and |
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|   | ▪ | reduce the liquidity of energy related derivatives. |
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|   | 4.1   | —     | Certain instruments with respect to the long-term debt of Kinder Morgan, Inc. and its consolidated subsidiaries that relate to debt that does not exceed 10% of the total assets of Kinder Morgan, Inc. and its consolidated subsidiaries are omitted pursuant to Item 601(b) (4) (iii) (A) of Regulation S-K, 17 C.F.R. sec.229.601. Kinder Morgan, Inc. hereby agrees to furnish supplementally to the Securities and Exchange Commission a copy of each such instrument upon request.  |
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|   | 31.1* | —     | Certification by CEO pursuant to Rule 13a-14 or 15d-14 of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                                                                                                                                                                      |
|   | 31.2* | —     | Certification by CFO pursuant to Rule 13a-14 or 15d-14 of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                                                                                                                                                                      |
|   | 32.1* | —     | Certification by CEO pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                                                                                                                                                                                                            |
|   | 32.2* | —     | Certification by CFO pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                                                                                                                                                                                                                 |

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|    | KINDER MORGAN, INC. |
|--------------|---------------------|
|    |                |   | Registrant |

| Date: November 5, 2010 |   |   |   | By:    |   | /s/ Kimberly A. Dang                                                                                   |
|------------------------|--------|--------|--------|--------|--------|--------------------------------------------------------------------------------------------------------|
|                   |   |   |   |   |   | Kimberly A. DangVice President and Chief Financial Officer(Principal Financial and Accounting Officer) |

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