EX-12 4 ex12.htm EXHIBIT 12 ex12.htm

Exhibit 12


KINDER MORGAN ENERGY PARTNERS, L.P. AND SUBSIDIARIES
EXHIBIT 12 – STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars In Millions Except Ratio Amounts)

   
Nine Months Ended
   
Nine Months Ended
 
 
 
September 30, 2009
   
September 30, 2008
 
Earnings:
           
Pre-tax income from continuing operations before adjustment for noncontrolling interests and equity earnings (including amortization of excess cost of equity investments) per statements of income
  $ 866.3     $ 970.2  
Add:
               
Fixed charges
    356.2       343.5  
Amortization of capitalized interest
    2.8       2.0  
Distributed income of equity investees
    153.1       114.9  
Less:
               
Interest capitalized from continuing operations
    (28.6 )     (29.7 )
Noncontrolling interests in pre-tax income of subsidiaries with no fixed charges
    (0.1 )     (0.2 )
Income as adjusted
  $ 1,349.7     $ 1,400.7  
                 
Fixed charges:
               
Interest and debt expense, net per statements of income (includes amortization of debt discount, premium, and debt issuance costs; excludes capitalized interest)
  $ 342.5     $ 328.2  
Add:
               
Portion of rents representative of the interest factor
    13.7       15.3  
Fixed charges
  $ 356.2     $ 343.5  
                 
                 
Ratio of earnings to fixed charges
    3.79       4.08