Energy Transitions and Financial Measures

KINDER MORGAN Red Cedar Carbon Capture and Sequestration Utilizing KM's assets and expertise to enable an accretive CCS project Overview - Red Cedar Gathering (RCG) is a natural gas midstream joint-venture between Southern Ute Indian Tribe Growth Fund (51%) and Kinder Morgan (49%) in southern Colorado A term sheet has been executed and definitive agreements are being finalized between RCG and Kinder Morgan ETV to transport and permanently sequester CO2 Scope RCG will install carbon capture equipment at two natural gas treating facilities with the ability to capture up to 400,000 metric tons per year of CO2 and deliver the captured CO2 to Kinder Morgan's existing Cortez pipeline Kinder Morgan will be responsible for transporting the CO2 to an existing Kinder Morgan Class II well in the Permian Basin and permanently sequestering the CO2 Project Details MRV plan has been submitted to the EPA as well as permit modifications to Texas Railroad Commission El Paso Colorado Red Cedar Facilities Cortez New Mexico CO2 pipelines ☑Oil fields Denver City SACROC Tall Cotton Snyder Midland Goldsmith Katz Yates McCamey Texas Iraan - Net capital investment of less than $50 million - Project returns competitive with traditional business Target in-service by Q2 2024 Ownership in RCG JV, existing CO2 pipeline network, and downhole experience allow KM to participate in the entire CCS project value chain 33

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