KMI: 2020 Guidance - Published Budget
Averaged $2.5 Billion of Discretionary Capital per Year
Since 2008
ANNUAL GROWTH CAPITAL & CONTRIBUTIONS TO JVs (a,b)
$ billions
KINDER MORGAN
Expansion
-Average
$3.0
$2.5
$2.7
$1.1
$1.4
$1.7
$3.4
$3.3
$3.2
$2.3
$3.2
$2.3
$3.1
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019B (c)
Established track record of investing $2 to $3 billion per year in growth projects
Note: Discretionary capital includes equity contributions to joint ventures which may include debt repayments, and excludes $19.8 billion of capital for acquisitions since 2008.
a) Includes KMP (2008-2014), EPB (2013-2014), and KMI (2015-2019B). Average from 2008-2018.
b) Excludes capital expenditures of our Canadian assets from KML IPO (May 2017) forward, though we do include these expenditures in the denominator of our ROI calculation.
c) Includes $2.0 billion growth capital and $1.1 billion JV contributions ($0.7 billion of expansion capital and $0.6 billion of debt repayments, net of $0.2 billion of partner contributions for our consolidated JVs).
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