Summarized Income Statement Information for Kinder Morgan Energy Partners, L.P. (Tables)

9 Months Ended

Sep. 30, 2011

Summarized Income Statement Information for KMP [Abstract]

Summarized Income Statement information for KMP

Following is summarized income statement information for KMP (in millions).

	Three Months Ended September 30,					Nine Months Ended September 30,
	2011			2010		2011			2010
Revenues	$	2,195.1		$	2,060.0	$	6,207.2		$	6,151.1
Operating costs, expenses and other(a)(b)(c)		1,746.2			1,652.7		5,059.0			5,012.3
Operating income	$	448.9		$	407.3	$	1,148.2		$	1,138.8
Net income	$	216.3		$	322.4	$	789.1		$	914.9
Net income attributable to KMP	$	214.5		$	320.8	$	782.8		$	907.3
General Partner’s interest in net income(d)	$	298.2		$	267.3	$	871.0		$	609.0
Limited Partners’ interest in net income(loss)	$	(83.7	)	$	53.5	$	(88.2	)	$	298.3

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(a)	Three month 2011 amount includes an increase in expense of $69.3 million primarily related to an adverse tentative court decision on the amount of rights-of-way lease payment obligations (amounts included in the $69.3 million relate to periods prior to 2011). Nine month 2011 amount includes an increase in expense of $234.3 million, primarily associated with adjustments to rate case reserves and rights-of-way lease payment obligations. Nine month 2010 amount includes a $158.0 million increase in expense associated with rate case liability adjustments.
(b)	Three and nine month 2011 amounts include a $167.2 million loss from the remeasurement of KMP’s previously held 50% equity interest in KinderHawk Field Services LLC (KinderHawk) to fair value.
(c)	Nine month 2011 amount includes $87.1 million allocated to KMP from KMI related to a special bonus expense to non-senior management employees; however, we and KMP do not have any obligation, nor did we or KMP pay any amounts related to this expense.
(d)	Three and nine month 2011 amounts include a waived incentive of $7.2 million and $21.4 million, respectively, related to KMP equity issued to finance its May 2010 acquisition of a 50% interest in KinderHawk’s natural gas gathering and treating business. Three and nine month 2010 amounts include a waived incentive of $5.8 million and $11.1 million, respectively, related to KMP equity issued to finance its acquisition of a 50% interest in KinderHawk. Nine month 2010 amount also includes a reduction of incentive of $168.3 million resulting from the ICT Distribution (see following).