Kinder Morgan - Company History

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

Based in Houston, KMP began with a few assets, 175 employees and an enterprise value of $325 million. But Mr. Kinder and Mr. Morgan had a vision to build a different type of energy company by utilizing the master limited partnership (MLP) financial structure as a growth vehicle, something that had never been done before. It worked, as KMP is one of the largest publicly traded pipeline limited partnerships in America.

Kinder Morgan roots In 1999, Mr. Kinder and his management team took over the reins of KN Energy, an integrated natural gas pipeline company based in Lakewood, Colo. KN's roots dated back to 1936 when, as a local distribution company, it provided natural gas service to small communities and rural areas in Kansas and Nebraska. Following the transaction, KN became Kinder Morgan, Inc. (NYSE: KMI), Kinder Morgan's second publicly traded company.

A third publicly traded Kinder Morgan company was formed in 2001 - Kinder Morgan Management (NYSE: KMR) - to facilitate institutional ownership of KMP equity.

Kinder Morgan asset In 2006, Mr. Kinder spearheaded a management led buyout to take KMI private. That transaction closed in May 2007.

On Feb. 11, 2011, KMI once again began trading on the New York Stock Exchange following the largest private equity-backed U.S. initial public offering in history. The IPO issued nearly 110 million shares and raised approximately $3.3 billion. KMI owns the general partner interest of KMP.

Since 1997, Kinder Morgan has executed the same strategy. We operate diversified assets that generate lots of stable cash flow in all types of market conditions, we pay that cash out to our limited partners, and we keep growing the company through internal growth, expansions and acquisitions so that we can continue to increase the distribution. Kinder Morgan currently has about 8,000 employees and an enterprise value of approximately $65 billion.


About Us Asset Map Businesses ► - CO2 - Natural Gas Pipelines - Products Pipelines - Terminals - Kinder Morgan Canada Management Company History Corporate Governance		Kinder Morgan Energy Partners, L.P. (NYSE: KMP) was founded in February of 1997 when a group of investors led by Chairman and CEO Richard D. Kinder and former Vice Chairman William V. Morgan acquired the general partner of a small, publicly traded pipeline limited partnership (Enron Liquids Pipeline, L.P.). Based in Houston, KMP began with a few assets, 175 employees and an enterprise value of $325 million. But Mr. Kinder and Mr. Morgan had a vision to build a different type of energy company by utilizing the master limited partnership (MLP) financial structure as a growth vehicle, something that had never been done before. It worked, as KMP is one of the largest publicly traded pipeline limited partnerships in America. In 1999, Mr. Kinder and his management team took over the reins of KN Energy, an integrated natural gas pipeline company based in Lakewood, Colo. KN's roots dated back to 1936 when, as a local distribution company, it provided natural gas service to small communities and rural areas in Kansas and Nebraska. Following the transaction, KN became Kinder Morgan, Inc. (NYSE: KMI), Kinder Morgan's second publicly traded company. A third publicly traded Kinder Morgan company was formed in 2001 - Kinder Morgan Management (NYSE: KMR) - to facilitate institutional ownership of KMP equity. In 2006, Mr. Kinder spearheaded a management led buyout to take KMI private. That transaction closed in May 2007. On Feb. 11, 2011, KMI once again began trading on the New York Stock Exchange following the largest private equity-backed U.S. initial public offering in history. The IPO issued nearly 110 million shares and raised approximately $3.3 billion. KMI owns the general partner interest of KMP. Since 1997, Kinder Morgan has executed the same strategy. We operate diversified assets that generate lots of stable cash flow in all types of market conditions, we pay that cash out to our limited partners, and we keep growing the company through internal growth, expansions and acquisitions so that we can continue to increase the distribution. Kinder Morgan currently has about 8,000 employees and an enterprise value of approximately $65 billion.