Last Leg of Rockies Express Pipeline Completed

Posted on: Thu, 12 Nov 2009 10:03:00 EST


Symbols: KMP
HOUSTON, Nov 12, 2009 (BUSINESS WIRE) --
KMP | Quote | Chart | News | PowerRating -- Construction of the final 195 miles of Rockies Express-East is complete
and service began today on the final portion of the pipeline from the
Lebanon Hub in Warren County, Ohio, to Clarington in Monroe County, Ohio.

"We are pleased that the final leg of Rockies Express is in service,"
said Steve Kean, president of Kinder Morgan's Natural Gas Pipelines
group.

The entire 1,679 miles of the Rockies Express Pipeline (REX) stretching
from northwestern Colorado to eastern Ohio is now operational and
available for full firm shipper nominations. Long-term, binding firm
commitments have been secured for virtually all of the pipeline's
capacity.

REX is one of the largest natural gas pipelines ever constructed in
America. Kinder Morgan owns 50 percent of the pipeline, which it
constructed and operates. Sempra Pipelines and Storage, a unit of
Sempra, and ConocoPhillips each own a 25 percent stake in REX.

Kinder Morgan Energy Partners, L.P. (NYSE: KMP | Quote | Chart | News | PowerRating) is a leading pipeline
transportation and energy storage company in North America. KMP owns an
interest in or operates more than 28,000 miles of pipelines and
170 terminals. Its pipelines transport natural gas, gasoline, crude oil,
CO2 and other products, and its terminals store petroleum
products and chemicals and handle bulk materials like coal and petroleum
coke. KMP is also the leading provider of CO2 for enhanced
oil recovery projects in North America. One of the largest publicly
traded pipeline limited partnerships in America, KMP has an enterprise
value of approximately $25 billion. The general partner of KMP is owned
by Kinder Morgan, Inc., a private company.

Sempra Pipelines & Storage develops, builds and operates natural gas
pipelines and storage facilities in Latin America and the United States.
It also manages natural gas and electricity distribution in Argentina,
Chili, Mexico and Peru. Sempra Energy (NYSE: SRE), based in San Diego,
is a Fortune 500 energy-services holding company with 2008 revenues of
nearly $11 billion. The Sempra Energy companies' 13,600 employees serve
more than 29 million consumers worldwide.

ConocoPhillips (NYSE: COP) is an international, integrated energy
company with interests around the world. Headquartered in Houston, the
company has about 30,000 employees and $152 billion of assets. For more
information, go to www.conocophillips.com.

This news release includes forward-looking statements. Although
Kinder Morgan believes that its expectations are based on reasonable
assumptions, it can give no assurance that such assumptions will
materialize. Important factors that could cause actual results to
differ materially from those in the forward-looking statements herein
are enumerated in Kinder Morgan's Forms 10-K and 10-Q as filed with the
Securities and Exchange Commission.

This press release contains statements that are not historical fact
and constitute forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. When Sempra
Energy uses words like "believes," "expects," "anticipates," "intends,"
"plans," "estimates," "may," "would," "should" or similar expressions,
or when Sempra Energy discusses its strategy or plans, the company is
making forward-looking statements. Forward-looking statements are
not guarantees of performance. They involve risks, uncertainties
and assumptions. Future results may differ materially from those
expressed in the forward-looking statements. Forward-looking
statements are necessarily based upon various assumptions involving
judgments with respect to the future and other risks, including, among
others: local, regional, national and international economic,
competitive, political, legislative and regulatory conditions and
developments; actions by the California Public Utilities Commission, the
California State Legislature, the California Department of Water
Resources, the Federal Energy Regulatory Commission and other regulatory
bodies in the United States and other countries; capital markets
conditions, inflation rates, interest rates and exchange rates; energy
and trading markets, including the timing and extent of changes in
commodity prices; the availability of natural gas; weather conditions
and conservation efforts; war and terrorist attacks; business,
regulatory, environmental, and legal decisions and requirements; the
status of deregulation of retail natural gas and electricity delivery;
the timing and success of business development efforts; the resolution
of litigation; and other uncertainties, all of which are difficult to
predict and many of which are beyond the control of the company. These
risks and uncertainties are further discussed in the company's reports
filed with the Securities and Exchange Commission that are available
through the EDGAR system without charge at its Web site, www.sec.gov
and on the company's Web site, www.sempra.com.

Sempra Pipelines & Storage is not the same company as the utilities,
SDG&E or SoCalGas, and Sempra Pipelines & Storage is not regulated by
the California Public Utilities Commission.

CAUTIONARY STATEMENT FOR THE PURPOSES OF THE "SAFE HARBOR" PROVISIONS OF
THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995.

This press release contains forward-looking statements within the
meaning of the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements are
statements that contain projections about our revenues, income, earnings
and other financial items, our plans and objectives for the future,
future economic performance, or other projections or estimates about our
assumptions relating to these types of statements. These
statements usually relate to future events and anticipated revenues,
earnings, business strategies, competitive position or other aspects of
our operations or operating results. In many cases you can
identify forward-looking statements by terminology such as "anticipate,"
"estimate," "believe," "continue," "could," "intend," "may," "plan,"
"potential," "predict," "should," "will," "expect," "objective,"
"projection," "forecast," "goal," "guidance," "outlook," "effort,"
"target" and other similar words. However, the absence of these
words does not mean that the statements are not forward-looking. The
forward-looking statements are based on management's expectations,
estimates and projections about ConocoPhillips and the petroleum
industry in general on the date this statement was released. These
statements are not guarantees of future performance and involve certain
risks, uncertainties and assumptions that are difficult to predict. Further,
certain forward-looking statements are based on assumptions as to future
events that may not prove to be accurate. Therefore, actual
outcomes and results may differ materially from what is expressed or
forecast in such forward-looking statements. Economic, business,
competitive and regulatory factors that may affect ConocoPhillips'
business are generally as set forth in ConocoPhillips' filings with the
Securities and Exchange Commission (SEC).

ConocoPhillips is under no obligation (and expressly disclaims any
such obligation) to update or alter its forward-looking statements
whether as a result of new information, future events or otherwise.

SOURCE: Rockies Express Pipeline


Kinder Morgan Energy Partners, L.P.
Media Relations
Joe Hollier, (713) 369-9176
or
Kinder Morgan Energy Partners, L.P.
Investor Relations
Mindy Mills, (713) 369-9490
www.kindermorgan.com
or
Sempra Energy
Media Relations
Art Larson, (877) 866-2066
or
Sempra Energy
Investor Relations
Glen Donovan, (877) 736-7727
www.sempra.com
or
ConocoPhillips
Media Relations
Bill Stephens, (281) 293-1958
or
ConocoPhillips
Investor Relations
Diana Santos, (281) 293-1674
www.conocophillips.com

For full details on Kinder Morgan Energy Partners LP (KMP) KMP. Kinder Morgan Energy Partners LP (KMP) has Short Term PowerRatings at TradingMarkets. Details on Kinder Morgan Energy Partners LP (KMP) Short Term PowerRatings is available at This Link.

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