Bob MishlerDirector Business Development

January 15, 2008

LLC

Forward Looking Statements

This presentation contains forward looking statements, including these, within the This presentation contains forward looking statements, including these, within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Exchange Act of 1934, as amended. Forward looking statements are not guarantees of Exchange Act of 1934, as amended. Forward looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. The future results and performance. They involve risks, uncertainties and assumptions. The future results and securities values of Kinder Morgan Inc., Kinder Morgan Energy Partners, L.P. and Kinder securities values of Kinder Morgan Inc., Kinder Morgan Energy Partners, L.P. and Kinder Morgan Management, LLC (collectively known as “Kinder Morgan”) may differ materially Morgan Management, LLC (collectively known as “Kinder Morgan”) may differ materially from those expressed in the forward-looking statements contained throughout this from those expressed in the forward-looking statements contained throughout this presentation and in documents filed with the SEC. Many of the factors that will determine presentation and in documents filed with the SEC. Many of the factors that will determine these results and values are beyond Kinder Morgan's ability to control or predict. These these results and values are beyond Kinder Morgan's ability to control or predict. These statements are necessarily based upon various assumptions involving judgments with statements are necessarily based upon various assumptions involving judgments with respect to the future, including, among others, the ability to achieve synergies and respect to the future, including, among others, the ability to achieve synergies and revenue growth; national, international, regional and local economic, competitive and revenue growth; national, international, regional and local economic, competitive and regulatory conditions and developments; technological developments; capital markets regulatory conditions and developments; technological developments; capital markets conditions; inflation rates; interest rates; the political and economic stability of oil conditions; inflation rates; interest rates; the political and economic stability of oil producing nations; energy markets; weather conditions; environmental conditions; producing nations; energy markets; weather conditions; environmental conditions; business and regulatory or legal decisions; the pace of deregulation of retail natural gas business and regulatory or legal decisions; the pace of deregulation of retail natural gas and electricity and certain agricultural products; the timing and success of business and electricity and certain agricultural products; the timing and success of business development efforts; terrorism; and other uncertainties. You are cautioned not to put development efforts; terrorism; and other uncertainties. You are cautioned not to put undue reliance on any forward-looking statement.undue reliance on any forward-looking statement.

Status

• REX

• REX Northeast Express

• Joint REX / NGPL Chicago Project

Rockies Express Pipeline-In-service

Rockies Express Pipeline-REX East

Lease of Overthrust Pipeline Capacity

Natural Gas Pipeline Company of America

Kinder Morgan Interstate Gas Transmission

TransColorado Gas Transmission

Trailblazer Pipeline

REX Compressor Station

REX East Compressor Station

Hub

Opal

Kanda Wamsutter

GreasewoodMeeker

Blanco

CheyenneLebanon

Clarington

OVER-THRUST

CAPACITYLEASE

R O C K I E S E X P R E S S P I P E L I N E

REX EASTREXIN-SERVICE

1,800,000 Dth/d - 7/20091,500,000 Dth/d - 2/2008 1,600,000 Dth/d - 1/2009

PIPELINE – 1,679 MILES COMPRESSION – 460,000 Hp

REX West Spreads

REX In - Service Dates

• Commenced Interim Service Deliveries into NNG, NGPL and ANR on January 12, 2008

• Expect to Commence Full Service on REX West to include PEPL (Audrain County, Mo.) in early February, 2008

• Expect to Commence Deliveries at Clarington, Ohio near the end of 2008

REX Construction Status Updates

• New Update Posted Every Other Thursday or More Frequently as Needed– Kindermorgan.com– Rockies Express Pipeline– Project Information– Latest Project Status Posting

REX Notices

Pipeline.Kindermorgan.com

Interstate Pipelines

Rockies Express Pipeline

Informational Postings

Notices

Critical and Non-Critical

Rockies Northeast Express

REX Northeast Express

1.0 Bcf/d Expansion1.5 Bcf/d Extension

Hub Service

REX Northeast Express

• 375 Miles of New 42” Pipeline• 1.5 Bcf/d Initial Capacity• Expanded Capacity Between Lebanon and Clarington up to 1 Bcf/d• 4 Additional Receipt Points on Expansion (3 Deliveries converted to Bi-directional and I New

Receipt• 2 Bi-directional Interconnections at Oakford• 2 Bi-directional Interconnections near Perulack• 5 Delivery Points at the East Terminus• Booster Compression service at 4 Locations• Proposed Rates

– $0.58 Clarington to Princeton (0.45% fuel*)– $0.81 Lebanon to Princeton (0.55% fuel*)– $0.07 Booster Compression Service (0.50% fuel*)

• *Fuel numbers are estimated fuel only, and do not include lost and unaccounted for estimates

CINCINNATI GAS (D)

COLUMBIA GAS (D)

DOMINION (D)

TETCO (BD)

TGT (BD)

VECTREN (D)

LE

BA

NO

N

CL

AR

ING

TO

N

OA

KF

OR

D

PR

INC

ET

ON

DOMINION

DOMINION EAST OHIO

TETCO

COL GASOF OHIO (D)

CH

AN

DL

ER

SV

ILL

E C

.S.

COLGAS (D)

TGP (BD)

ANR (R)

COL GAS (BD)

DOMINION (BD)

DOMINION (BD)

TETCO (BD)

ALGONQUIN (D)

PECO (D)

TETCO (D)

TRANSCO (D)

UGI UTILITIES (D)

REX NORTHEAST EXPRESS PROJ ECT

REX EAST PIPELINE

REX EAST INTERCONNECT

REX NORTHEAST EXPRESS PROJECT

REX NORTHEAST EXPRESS INTERCONNECT

RECEIPT, DELIVERY, BI-DIRECTIONALR, D, BD

Open Season Information

• October 29 through December 7, 2007• Requests for Service totaled over 1.8

Bcf/d (Producers/ LDC’s/ Marketers/ Pipelines)

• Significant additional expressions of interest were received after OS close

• Currently meeting with potential shippers• Clarifying design requirements• Firming up Shipper commitments

REX Northeast ExpressTimeline

Secure Shipper Commitments April 1, 2008

Submit FERC Application February 1, 2009

Receive FERC Approval December 1, 2009

Commence Construction April 1, 2010

In – Service December 31, 2010

Joint REX / NGPLChicago Project

Meeker / Opal

To

Chicago, Illinois

Another Export Pipelinefrom the Rockies

• Supply Growth Beyond Export Capacity (Including the REX Capacity)

• Chicago’s First Direct Seamless Access to

Growing Rocky Mountain Supply

REX / NGPL Chicago Project

WHY CHICAGO?

• Declining Canadian Supply Availability

• Liquidity

• Access to Upper Midwest Markets

• Average Daily Demand Almost 4 Bcf

• Peak Day Demand Exceeding 10 Bcf

• Storage in Market Area (Approx 500 Bcf)

• Access to Dawn Hub via Vector Pipeline

Price Spreads ($/MMBtu)

-2

-1

0

1

2

3

4

5

6

7

2/3/

04

5/3/

04

8/3/

04

11/3

/04

2/3/

05

5/3/

05

8/3/

05

11/3

/05

2/3/

06

5/3/

06

8/3/

06

11/3

/06

2/3/

07

5/3/

07

8/3/

07

11/3

/07

Chicago-Opal

Avg. Chicago City Gates-Opal

2006-2007 1.93

2004-2007 1.43

NEXT STEPS

• Complete Preliminary Design

• Finalize Initial Cost Estimates

• Estimate Project Rates

• Commence Discussions with Potential Shippers

(Late January / Early February 2008)

Timeline

• Finalize Project Scope April 1, 2008• Secure Shipper Commitments July 1, 2008• Conduct Binding Open Season September 1, 2008• Submit FERC Application July 1, 2009• Receive FERC Approval May 1, 2010• Commence project Construction July 1, 2010 • In-Service October 1, 2011

Business Development Contacts

John Eagleton -john_eagleton@kindermorgan.com (303) 914-4702 Bob Mishler - bob_mishler@kindermorgan.com (303) 914-7762

Bob MishlerDirector Business Development

January 15, 2008

LLC