Fueling the Future: Kinder Morgan's Role in Reducing Emissions and Generating Cash Flow slide image

Fueling the Future: Kinder Morgan's Role in Reducing Emissions and Generating Cash Flow

$1,225 million Acquisition of Northeast Transport & Storage Assets Enhancing our service to Northeast customers with complementary assets connected to TGP KMI acquired Stagecoach Gas Services ~10x 2020 EBITDA before synergies Immediately accretive, primarily paid with cash on hand Transaction closed in 3Q 2021(a) Twin Tier pipeline expected to close in 4Q 2021 FERC-regulated natural gas transport & storage in NY & PA ~41 bcf of FERC-certificated capacity across 4 storage facilities ~3 bcfd of aggregate capacity across 185 miles of transportation pipelines Multiple interconnects to major interstate natural gas pipelines including TGP, Transco, Millennium, Dominion Stable, fee-based infrastructure FERC-regulated assets Highly contracted with ~80% take-or-pay (b) Dominion Dominion Dominion Steuben TGP Dominion Dominion TGP Thomas Corners Transco New York Seneca Lake TGP Pennsylvania Dominion Millennium Marc KINDER MORGAN Twin Tier North/ South Stagecoach- Transco Average contract tenor ~3 years Market based rates for storage facilities Anchored by major Northeast utilities and Marcellus producers Dominion Responsive storage is Helps backstop growing increasingly important: renewable power generation Helps meet critical needs in extreme weather a) Vast majority of assets closed in 3Q 2021, with remaining Twin Tier pipeline ($30 million) expected to close in 4Q 2021 b) Based on FY 2021 forecast. 13
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