Exhibit 11

KINDER MORGAN ENERGY PARTNERS, L.P. AND SUBSIDIARIES

EXHIBIT 11 – STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS

(Units in millions; Dollars in millions except per unit amounts)

	Three Months Ended September 30,
	2009			2008
Weighted average number of limited partners’ units on which limited partners’ net income per unit is based		286.6			258.8
Calculation of Limited Partners’ interest in Net Income:
Income from Continuing Operations	$	359.5		$	329.8
Less:   General Partner’s interest in Income from Continuing Operations		(236.2	)		(205.6	)
Limited Partners’ interest in Income from Continuing Operations		123.3			124.2
Add:    Limited Partners’ interest in Income from Discontinued Operations		—			—
Limited Partners’ interest in Net Income	$	123.3		$	124.2
Limited Partners’ Net Income per unit:
Income from Continuing Operations	$	0.43		$	0.48
Income from Discontinued Operations	$	—		$	—
Net Income	$	0.43		$	0.48

	Nine Months Ended September 30,
	2009			2008
Weighted average number of limited partners’ units on which limited partners’ net income per unit is based		277.9			255.5
Calculation of Limited Partners’ interest in Net Income:
Income from Continuing Operations	$	947.2		$	1,037.4
Less:   General Partner’s interest in Income from Continuing Operations		(692.7	)		(588.9	)
Limited Partners’ interest in Income from Continuing Operations		254.5			448.5
Add:    Limited Partners’ interest in Income from Discontinued Operations		—			1.3
Limited Partners’ interest in Net Income	$	254.5		$	449.8
Limited Partners’ Net Income per unit:
Income from Continuing Operations	$	0.92		$	1.76
Income from Discontinued Operations	$	—		$	—
Net Income	$	0.92		$	1.76