EX-12.1 3 exhibit_12.htm RATIO OF EARNINGS exhibit_12.htm


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, 2010
   
September 30, 2009
 
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
  $  791.2     $  866.3  
Add:
               
Fixed charges
    400.9       356.2  
Amortization of capitalized interest
    3.0       2.8  
Distributed income of equity investees
    154.9       153.1  
Less:
               
Interest capitalized from continuing operations
    (9.8 )     (28.6 )
Noncontrolling interests in pre-tax income of subsidiaries with no fixed charges
    (0.2 )     (0.1 )
Income as adjusted
  $ 1,340.0     $ 1,349.7  
                 
                 
Fixed charges:
Interest and debt expense, net per statements of income (includes amortization of debt discount, premium, and debt issuance costs; excludes capitalized interest)
  $  384.8     $  342.5  
Add:
               
Portion of rents representative of the interest factor
    16.1       13.7  
Fixed charges
  $ 400.9     $ 356.2  
                 
                 
Ratio of earnings to fixed charges
    3.34       3.79